Economy

Numerous Foreign Investors en Route to Iran: Central Bank

The governor of Iran's Central Bank says a huge number of foreign investors are on their way to Iran due to the consistent policies adopted by the Iranian government to achieve its main economic goals.

Iran to Surpass US to Become World’s Top Pistachio Producer Again

An Iranian official says the country is expected to produce 310,000 tonnes of pistachio in the current Iranian calendar year, surpassing the United Stated to once again become the world’s biggest pistachio producer.

Iranian Province Attracts $36m in Foreign Investment

Iran’s East Azarbaijan province has attracted $36 million in foreign investment since March 2017, according to a local trade official.

Iran Welcomes Joint Ventures with Germany: Health Minister

Iranian health minister says the country is ready to promote its cooperation with Germany to develop modern technologies and create job opportunities in Iran’s health sector.

Int’l Sporting Goods Exhibition Underway in Iran

The 16th International Exhibition of Sports, Sporting Goods and Equipment (SPORTEX 2017) is being held in the Iranian capital of Tehran.

Iran, Qatar to Expand Economic, Urban Development Ties

Iran and Qatar have signed a number of agreements in different fields including economy and urban development as part of a larger plan to expand bilateral relations.

Iran, Syria Discuss Boosting Cooperation in Agriculture Sector

Iranian and Syrian officials have conferred on enhancement of mutual cooperation in the agriculture sector, particularly in the fields of research and training.

France Using Iranian Saffron to Produce Herbal Medicines

An Iranian MP says France has managed to develop value-added products using Iran’s saffron by processing the crop into antidepressants and herbal medicines.

Iran Sells Screening Rights of 64 Films to Other Countries

The screening rights of dozens of Iranian films have been sold to other countries during President Hassan Rouhani’s first term, according to an official.

Croatia’s Largest Bank Keen on Expanding Relations with Iran

A Croatian official says the East European state’s biggest bank has expressed willingness to deepen and expand relations with Iran.

Iran Parliament Authorizes Expansion of Cooperation with Slovenia

The Iranian Parliament has unanimously approved a bill that permits the government to expand the country’s economic cooperation with Slovenia.

Iran Parliament Vows Strong Support for Handwoven Carpet Industry

A senior Iranian MP says the Parliament will do its best to help reinforce the export of Iran’s handmade carpets to global markets.

Iran, Azerbaijan Need to Sign Free Trade Agreement

Economic estimates indicate that Iran needs to sign a free trade agreement with Azerbaijan Republic if it wants to gain an appropriate share in the Azeri market.

Iran Exporting Electricity to Eight Countries: Report

Iran is one of the energy hubs in the region, exporting electricity to eight countries including Iraq, Turkey, and Afghanistan.

Iran to Establish Joint Chambers of Commerce with Italy, Switzerland, Tajikistan

A top Iranian trade official has said the ground has been prepared for setting up joint chambers of commerce between Iran and three other Asian and European countries.

Oil Extraction in Front of Customers: New Lucrative Business in Iran

Extracting vegetable oil in front of customers has turned into a booming business in recent years in Iran as it is profitable and does not need much investment.

Iran’s Annual Handicrafts Exports Stand at $250m

A top Iranian official says the Islamic Republic exports $250 million worth of handicrafts each year.

Mongolia Raps US Bans on Iran, Russia, N. Korea

A Mongolian official has denounced the recent sanctions imposed by the United States on Iran, Russia and North Korea.

Iran, India to Trade Goods on Mercantile Exchanges

Iran and India have clinched an agreement to trade a range of goods, tar in particular, on the mercantile exchanges of both countries.

Iran, China to Promote Banking Cooperation

Iranian and Chinese officials have called for expanding cooperation between the two sides’ banks in different fields.

Int’l Machine-Made Carpet Exhibition Held in Tehran

The sixth edition of International Floor Covering, Moquette, Machine-made Carpet, and Related Industries exhibition was recently wrapped up in the Iranian capital of Tehran.

Belarus to Promote Banking Relations with Iran

Mikhail Myasnikovich, the speaker of the Belarusian Parliament’s upper house, has underlined the need to remove the existing barriers to expansion of banking relations with Iran.

Structural Changes in Iran Foreign Ministry; Speculations, Implications

A few days after President Hassan Rouhani’s second term officially began, media reports are saying the Iranian foreign ministry will undergo major structural changes in Rouhani’s new administration, mainly with the aim of strengthening its role in Iran’s economic diplomacy.

Iran, Qatar, Turkey Hold Talks on Joint Transit Route

Officials from Iran, Turkey and Qatar discussed the creation of a joint trade route on the sidelines of President Hassan Rouhani’s swearing-in ceremony in Tehran.

Iran Safe Place for Investment: Top Austrian MP

Karlheinz Kopf, the second president of the Austrian National Council, says the Islamic Republic of Iran is a stable country and safe for foreign investment.

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