Investment in Iran

One of the attractions of the religious city of Qom in central Iran is the handicrafts. As the city is a pilgrimage destination, it can accommodate many Iranian and foreign travellers, and the handicrafts market in the heart of the city could be very thriving.

Mayor of Hamadan, a city in Western Iran, says Switzerland is to make investment in the tourism sector of this historical city.

Azerbaijani President Ilham Aliyev has urged the speedy construction of a railway that connects the Iranian and Azeri cities of Astara to each other.

The latest annual report of the United Nations Conference on Trade and Development said Iran has managed to attract over $5 billion in direct foreign investment, showing a 49 percent increase compared with 2016.

The state railroad company Russian Railways says its project to electrify an Iranian railway is completely civilian and not subject to US sanctions.

Iranian Foreign Minister Mohammad Javad Zarif says the EU’s commitment to remain in the Iran nuclear deal stands in contradiction with ongoing withdrawal of leading European companies from Iran.

EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.

The Russia-led Eurasian Economic Union (EEU) trade bloc plans to hold talks with Iran over a free trade zone.

In a project financed by France, Iran has established the largest blood bag manufacturing factory in the Middle East, creating at least 200 new jobs, said the Director General of Iran Blood Transfusion Organization.

The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.

India is to conduct a feasibility study for the construction of an alloy-producing company in southern Iran.

A group of Iranian girls from a faraway village in Iran’s most underdeveloped province have come up with a new initiative to sell their handmade crafts and spend the money they earn in the education and health sectors of their village.

Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.

Iran’s Foreign Minister Mohammad Javad Zarif, at the end of his visit to Brasilia, held a meeting with Brazilian President Michel Temer before leaving the country for Montevideo.

Iran’s Foreign Minister Mohammad Javad Zarif and his Brazilian counterpart Aloysio Nunes have inked several documents of cooperation in the South American state’s capital.

Iran’s Foreign Minister says the lack of banking relations between Tehran and Brasilia is one of the major obstacles to the development of mutual ties, stressing that a solution must be found for the problem.

A senior Iranian official has advised other countries, particularly the business partners of Tehran, to be prepared for an economy without the Iran nuclear deal.

Iran will sign three oil deals before the end of the current Persian year this month which will include operation of the fields for 20 years, Managing Director of the National Iranian Oil Company (NIOC) said on Saturday.

Iran's Minister of Industry, Mines and Trade Mohammad Shariatmadari has highlighted the growing trend of foreign investment in the country.

An Iranian lawmaker says the southwestern province of Khuzestan has a great capacity to attract foreign investments, especially those by German companies, in the fields of energy, agriculture, and industry.

Austria says it is prepared to provide finance for the development of mountain tourism in Iran given its great capacity to attract foreign tourists.

Iranian President Hassan Rouhani has described the nuclear deal between Tehran and world powers as a leading role model for resolving all problems across the region and the world, regretting that the US is not living up to its commitments under the deal.

Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.

The Organisation for Economic Cooperation and Development (OECD) has upgraded Iran’s rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), moving it up one notch from 6 to 5.

Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said.