Friday, March 29, 2024

Economy

Rouhani: Iranian banks main targets of sanctions

President Hassan Rouhani said Iranian banks were the main targets of sanctions imposed against the country in the past few years.

Iran oil exports to hit 1.5 mb/d in March

Iran’s first vice president says the country’s oil exports will reach 1.5 million barrels per day (mb/d) next month as Tehran moves to benefit from sanctions relief.

Seoul to finance South Korean firms’ projects in Iran

The South Korean government has promised to provide financial support to companies willing to invest in Iran which is emerging from isolation.

Road to Iran’s Market Full of Potholes for France’s Peugeot

The French auto manufacturing company PSA Peugeot Citroen started its negotiations with the Iranian side a few months before Iran and the Group 5+1...

Iran needs $200bn oil investments

Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.

Iran, Italy to ink cooperation agreements today

Minister of Agricultural Jihad Mahmoud Hojjati said here on Tuesday that Iran and Italy are set to ink three cooperation agreements today.

Iran currently exporting 300,000 bpd of oil to Europe: Zangeneh

Iran's Oil Minister Bijan Zangeneh says the country is currently exporting 300,000 barrels per day of crude oil to European countries and the figure will rise when new contracts are signed with European oil majors.

France’s Vinci Eyes Construction of Bullet Train Stations in Iran

The Chief Executive Officer (CEO) of Vinci SA, a France-based company, said the group is in initial talks with Iran over construction of high-speed train stations in the Islamic Republic following the termination of anti-Tehran sanctions.

Iran-France oil contract to take effect Feb 16

France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says.

Iran to resume export of hand-woven carpets to US

Head of Iran National Carpet Center Hamid Karegar says the Islamic Republic will resume export of its hand-woven carpets to US in near future.

Iran, Japan sign investment agreement to up economic ties

Iran and Japan have signed an investment agreement in a bid to boost economic cooperation after the lifting of nuclear-related sanctions against Tehran.

Iran stocks rally to one-year high

Iranian stocks have climbed to their best performance in a year, buoyed by international rush for business in the wake of a nuclear deal which went into effect last month.

German Firm to Invest One Billion Euros in Iran’s Copper Industry

The National Iranian Copper Industries Company (NICICO) and Germany’s MKM Mansfelder Kupfer und Messing GmbH, which is one of the largest European holding companies, signed a one-billion euro deal to develop cooperation in copper industry.

First Europe bank to open Iran office

Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.

Germany, Japan Propose Investment in Iranian Petrochemical Projects

Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.

Iran bans wheat imports: Agency

Iran’s Ministry of Agriculture bans state imports of wheat in the coming Persian year which begins on March 20, ordering officials to stop registering new purchase orders.

Iran provides € 20m. credit line for exports to Russia

Managing Director of Exports Development Bank Ali Salehabadi said a credit line with a value of 20 million euro has been provided for export of goods to Russia.

Iran Inks Deal with ATR to Buy 20 Planes

Iran’s national airline, Iran Air, finalized a contract with ATR aircraft manufacturer on Monday to purchase 20 turboprops.

Linde, Mitsui plan $4 billion Iran investment

Germany’s industrial gases company Linde and Japan’s Mitsui Chemicals plan $4 billion of investment in Iranian petrochemical projects, an energy official says.

Govt.: Iran’s $100 billion ‘fully released’

The government says Iran can now access more than $100 billion in frozen assets after the implementation of a nuclear agreement last month.

Banking relations between Iran and Turkey go back to normal

Iran's Ambassadorto Turkey Ali-Reza Bigdeli announced banking relations between the two countries go back to normal and Bank Mellat will resume its operations in...

Iran rugs stacked for global markets

Iran is pitching its prized carpets for the US, a traditional market warped by cycles of sanctions which have allowed cheaper craft from India, Pakistan and China to secure a foothold.

What CEOs of Total, Airbus, Renault and Peugeot told Rouhani?

Iranian President, Hassan Rouhani, met with CEOs of major French companies as he arrived in Paris on Wednesday afternoon. Welcoming Rouhani’s visit to Paris, Foreign...

Iran exports saffron to U.S for the first time in 15 years

Following the implementation of nuclear deal between Iran and world powers, first shipment of Iranian saffron to U.S. will be send in the coming...

Turks invade Iran with their garments

Iranian market with population of 80 millions is a golden opportunity for European and Asian countries to make investment and Iranian neighboring countries are trying to make utmost benefit from reentry of Iran into world economy.

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