Airbus Group SE suffered a blow to its already troubled A380 program when Iran, which had previously suggested it would buy the double-decker planes, said it had dropped the model as part of a wider fleet upgrade.
A hand-made yellow Lamborghini with an 8-cyllynder Buick engine has been put on display in the ongoing international car exhibition in Tehran.
Iran’s gold output is estimated to rise to 7 metric tons by 2017 which could significantly improve the country’s place among the world’s producers of the precious metal.
A report by the World Steel Association showed that Iran's steel production output in January-February 2015 increased by 15 percent over last year.
European economies are not the only option Iran can take up when it comes to trade interaction, Iranian Minister of Economic Affairs and Finance Ali Tayyebnia stressed.
Production of alloys with high strength and reduction in production costs and energy consumption are some of the advantages of the new method.
The Deputy Industry Minister described the details of Iran’s new negotiations with France’s Peugeot over automobile parts manufacturing.
Renault car manufacturer has announced the company's exports to Iran has grown by 83 percent, saying that Tondar and Sandero brands have doubled Renault's sales.
Iran's refining capacity will surpass 1.8 m bpd during this Iranian calendar year (started March 20, 2016), a senior NIOPDC official said.
A Russian trade website says a leading automobile manufacturer is set to establish an assembly line in Iran in 2018.