Thursday, March 28, 2024

Business

Australia softens sanctions against Iran

Australia has eased its sanctions against Iran, joining the world's major economies to normalize trade ties with the Islamic Republic.

Iran says oil exports rose by 30%

Iran said on Tuesday that its oil exports had increased by 30 percent last month. The country’s Oil Minister Bijan Zangeneh has been quoted by the media as saying that exports increased to 1.75 million barrels per day (bpd) during the Iranian month of Bahman, which runs from January 21 to February 19.

Giant Gas Projects Confirm IRGC’s Engineering Power: Commander

Commander of the Islamic Revolution Guards Corps (IRGC) Major General Mohammad Ali Jafari said development of the phases 15 and 16 of the South Pars gas field in southern Iran was a testimony to the IRGC’s engineering skills and technical expertise.

South Korea to build steel mill in Iran

South Korean steelmaker POSCO - the world's sixth-biggest steel producer - has announced a plan to help build a $1.6 billion steel mill in southeastern Iran.

Iran Eyes Investment in Zimbabwe Ostrich Breeding

Zimbabwe’s Small to Medium Enterprises and Cooperative Development Minister Sithembiso Nyoni said on Tuesday that Iran has expressed interest in partnering in a project to breed up to 2,000 ostriches in the African country.

Rouhani vows to privatize Iran’s car industry

Iran’s President Hassan Rouhani said on Tuesday that the privatization of the country’s car industry is a key mission in the economic agenda of his government – an announcement already seen by analysts as a sign that Iran is already preparing to open up its economy to world markets.

Iran Inks 3 MoUs with Foreign Carmakers

Iran signed three memorandums of understanding (MoUs) with three automakers from Sweden, Turkey and India for cooperation and as parts of efforts to boost the country's car-manufacturing industry.

Iran says no place for China carmakers if local content not raised

Iran on Sunday raised the possibility to force the Chinese car manufacturers out of its auto market in the next Iranian calendar year (to begin 21 March 2016).

Municipal greenhouse nurseries to prepare 130k flowers

Municipal greenhouse nurseries in northeastern provincial capital city of Bojnord will prepare 130,000 flowers for Iran’s New Year’s Day ceremonies for the public. The following...

Iran’s first container ship heads to Europe

An Iranian container ship is heading to Europe for the first time in five years, marking Tehran's return to international markets after the lifting of sanctions, an official says.

Iran, Switzerland sign MoU on shipping, sea transport cooperation

The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.

Paris ready to develop economic-industrial cooperation with Tehran

France Foreign Minister's Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.

Iran-China trade down 41% in Jan.

The volume of trade exchange between Iran and China has dropped by 41% amid plunging oil prices.

China among main importers of Iranian hand-woven carpets

Head of the Iran's National Carpet Center Hamid Kargar said here on Thursday that China is considered as the 10 main countries that import Iranian hand-woven carpets.

All capabilities employed to fulfill ‘economy of resistance’: VP

We are employing all our power and capacity to materialize the ‘economy of resistance’ during the6th Development Plan, said Vice President and head of Cultural Heritage Organization.

Oman backs Iran in Saudi freeze row

Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.

Iran-Germany Banking Ties to Normalize in 3 Months: Envoy

Iranian Ambassador to Germany Ali Majedi said normalization of banking relations between the Islamic Republic and the European country will take two or three months.

Iran rejects oil freeze call as ‘joke’

Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.

Italy to Build Three Solar Plants in Iran

An Italian energy company is planned to construct solar power plants in three Iranian cities with a total capacity of 10 Mega Watts.

Iran to hold specialized food exhibition in Russia

Iran’s specialized exhibition of high-quality foodstuffs will be held in Russia in late April 2016.

Iran, US will have biggest oil production surges: IEA

Crude oil production by Iran and the United States will experience biggest increases by 2021, according to the International Energy Agency (IEA).

VINCI, Hyundai interested in Iran largest oil field

A senior oil official said South Korea's Hyundai and France's VINCI have expressed willingness to be active in largest Iranian oil field 'South Azadegan'.

Vilified Siemens is Iran’s new darling

Iran’s Minister of Petroleum Bijan Zangeneh hopes to open a “new chapter” in cooperation with Siemens as Europe's biggest engineering conglomerate refreshes its indelible mark in the Iranian industry.

Iran negotiating with 30 European countries on oil drilling

Managing Director of Iranian Drilling Company announced that his company has held talks with 30 European and Asian firms over past several months, and said Tehran is ready to cooperate with accredited oil companies and joint drilling cooperation.

Iran intends to increase oil output: Analyst

An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.

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