Business

Two Chinese firms expressed willingness for investment in Iran’s railway and shipping sectors following the termination of anti-Tehran sanctions.

The Australian government on Saturday expressed determination to expand trade activities with Iran in a post-sanctions era.

Japan is to deliver medical devices worth 1.2 billion yen ($10.5 million) to Iran as per a grant aid agreement which is being entered into effect Saturday.

British trade officials say fears from US punitive measures is preventing the country’s businesses to approach the Iranian market.

Iran calls for the facilitation of its banking transactions and trade exchanges with world countries following the January removal of sanctions against Tehran, the chief of staff of President Hassan Rouhani says.

Iran’s media said on Thursday that an agreement has been signed with Britain that would allow the country’s flag carrier airline British Airways to resume flights to Iran after a hiatus of six years.

Germany's Lufthansa aviation giant is set to establish a repair and maintenance service unit in Iran. The company is reported to have sealed a deal with Iran Air to the same effect which also envisages cooperation in several other key areas.

A huge delegation of British businessmen is planned to travel to Iran in May in a bid to explore business opportunities in the Islamic Republic following the termination of anti-Tehran sanctions.

Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.

Iran on Tuesday announced that it had exported 32 tons of heavy water to the United States in what could be a landmark progress in the commercialization of the country’s nuclear energy program.

Iranian researchers at Shahid Chamran University of Ahvaz has for the first time developed hydrogenated amorphous silicon solar cells.

Insurance companies from the United States, Germany and Japan have reportedly offered to provide services in Iran.

Royal Dutch Shell paid its outstanding debt of 1.77 billion euros ($1.94 billion) to Iran following the termination of anti-Tehran sanctions.

Arash Motor Company unveiled the world’s most powerful hybrid car at the renowned Geneva Motor Show.

U.S. investors are at risk of getting shut out of deals in Iran while their European competitors get a head start on billions of dollars in opportunities unlocked by the lifting of international sanctions, according to Greylock Capital Management.

Several Iranian officials have warned European banks that they might miss out on opportunities provided by the lifting of sanctions if they continue to dawdle on returning to the country.

Indonesia plans to buy 120,000 barrels per day of Iranian crude oil, an official with Pertamina, an Indonesian state-owned oil and natural gas corporation, said Friday.

Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh said the Islamic Republic is seeking to boost industrial cooperation with neighboring Afghanistan in the near future.

Iran sees a “tangible” rise in oil shipments to international markets this month as the country is stepping up production and traditional buyers are reviving trade.

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

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.

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 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.

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.

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.