Economy

Malaysia Keen for Cooperation with Iran in Halal Industry: Minister

Malaysian International Trade and Industry Minister Mustapa Mohamed voiced his country’s willingness to have cooperation with the Islamic Republic of Iran in the field of halal industry.

Siemens to Seal Major Rail Deal with Iran

German engineering giant Siemens says it is preparing to sign a major deal with Iran to develop the country’s railway system.

Iran to Begin Offering Int’l Tender for Oil, Gas Projects Monday: Report

Iran will on Monday start offering an international tender for oil and gas projects in the country for the first time since the removal of anti-Tehran sanctions.

Giant French Company to Build 100 Hotels in Iran

The giant French hotel operator Accor Hotels follows a special mission in Iran and plans to implement several projects around the country within the next 10 years.

Nigeria Calls for Closer Cooperation with Iran in Mining Sector

Nigerian Minister of State for Mines and Steel Development Abubakar Bawa Bwari called for closer ties with Iran in various areas of mining industry.

Analysts Urge US to Remove Remaining Anti-Iran Sanctions

A number of Iranian experts and analysts hailed the recent moves by the US to ease anti-Iran sanctions, particularly the permissions given to Airbus and Boeing for selling planes to Iran, but at the same time called on Washington to boost its efforts to fully implement the JCPOA.

US AT&T Enters into Partnership with Iran’s RighTel Operator: Report

A spokesman for US mobile phone company AT&T said it has signed an agreement with an Iranian mobile phone operator to provide voice calls and data services to customers in the Islamic Republic.

France’s PSA, Iran’s SAIPA Seal Joint Venture Deal

Iran’s major automaker SAIPA and France’s PSA Group have announced a deal to launch a joint-venture to produce and sell Citroen cars in Iran.

Iran, Malaysia to Double Trade Volume

Iranian President Hassan Rouhani invited Malysian companies to invest in Iran’s oil, gas and petrochemical industry, unveiling plans to double the volume of economic ties between Tehran and Kuala Lumpur in the post-sanctions era.

Tehran, Hanoi to Boost Bilateral Trade to $2bln: Rouhani

Iranian President Hassan Rouhani said Tehran and Hanoi are resolved to boost trade ties to $2 billion.

Iran and France Start New Era of Partnership in Car Industry

French media outlets reported that Iran and the French car manufacturer Renault have penned an agreement for restoring their cooperation in automotive industry.

Iran’s FM and Parliament Speaker Cancel Meetings with German Vice-Chancellor

After a controversy about comments on Iran by Germany’s vice-chancellor and minister of economy, who is now in Tehran, his planned meeting with Iranian Foreign Minister Mohammad Javad Zarif was cancelled on Tuesday.

Europe Not Sole Option for Trade: Iranian Minister

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.

Iran, Germany Sign Deals to Boost Ties

Germany and Iran have signed a range of business deals in what is expected to take economic relations between the two countries to a new level.

IMF Staff Report Substantial Improvement in Iran Economic Conditions

An International Monetary Fund (IMF) staff report says that economic conditions are improving substantially in Iran following the implementation of the Joint Comprehensive Plan of Action (JCPOA).

Germany to Press US to Reduce Iran Sanctions: Economy Minister

German Economy Minister Sigmar Gabriel promised on Monday to remind the United States of its commitment to reduce sanctions against Iran, as he courted business ties during a two-day trip to the Islamic Republic.

Foreigners Queuing Up to Have Trade Ties with Iran: FM

Iranian Foreign Minister Mohammad Javad Zarif highlighted the efforts the Foreign Ministry has made during his term to boost the country’s economy, saying foreigners are now queuing up to have trade ties with Iran.

Iran, Netherlands to Expand Trade Ties According to Roadmap

Iran’s Ambassador to Netherlands Alireza Jahangiri highlighted the importance of bilateral relations between the two countries, saying that Tehran and Amsterdam plan to promote trade ties based on a well-defined roadmap.

Iran’s Saffron Fuelling Growth of German Food Business

While Iran produces about 90 percent of the world's saffron, small German companies are growing by importing Iran’s saffron and exporting it as luxury goods to Persian Gulf littoral states.

Australia at the Dawn of Closer Relationship with Iran: Minister

Australian Trade Minister believes that the country will be well-positioned in the Iranian market thanks to its historically strong ties with Tehran, even amid the tensions.

China to Invest in Iran’s Fishing Industry

The agriculture ministers of Iran and China signed two cooperation documents to boost cooperation between the two countries in the field of fisheries and aquaculture.

Leader: Enemy Seeking to Create Discontent by Undermining Iran’s Economy

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei reiterated the call for pursuing the policy of “Resistance Economy”, warning that enemies are seeking to impair the country’s economy and create discontent among the people.

Iran’s SNSC Sets New Conditions for Joining FATF

Head of Iran’s Strategic Council on Foreign Relations Kamal Kharrazi said the country’s Supreme National Security Council (SNSC) has set some new conditions for joining the Financial Action Task Force (FATF).

Why Falafel Is So Popular in Iran

Falafel is always a tempting option for members of the middle or working class who are less likely to splurge on expensive food in restaurants and often look for frugal meals in small shops.

Iran’s Potentials in Medicinal Plants and Diversity of Plant Species

Iran not only cultivates such unique crops as barberry and saffron and a copious amount of varied medicinal plants, but is also in the vanguard of rose essential oil extraction, which is worth around $18,000 per litre.

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