Economy

Iran, Tunisia Discuss Development of Energy Cooperation

Iranian Energy Minister Hamid Chitchian and his Tunisian counterpart Mongi Marzouk on Saturday discussed expansion of mutual cooperation between the two countries in the field of energy.

Joint Credit Line to Help Boost Iran-Japan Cooperation in Water Projects

An Iranian official expressed the hope that a joint credit line between Tehran and Tokyo would contribute to the implementation of joint projects on water management systems.

Malaysia’s AirAsia X to Resume Flights to Iran

A senior official with Malaysia’s AirAsia X said on Saturday that direct flights to Tehran from Kuala Lumpur and Bangkok will be resumed, adding that they are going to be operated three times weekly.

Pasargad wants to become ‘global bank’

Pasargad Financial Group, which owns Iran's second largest bank, is considering selling its shares in energy entities in a sign of improving business environment.

Iran Exports LPG to Africa by Using ISO Tank Containers

Iran started export of its Liquefied Petroleum Gas (LPG) to African countries by using ISO tank containers, an official affiliated to the National Iranian Oil Production and Distribution Company (NIOPDC) said.

Iranian Academic Highlights Role of Freedom in Rooting Out Corruption

Mahdi Pazooki, an Iranian professor and economic expert, referred to freedom as the best means for countering corruption, and stressed that anti-corruption efforts would be futile without transparency and freedom of information.

Britain Exploring Joint Investments with Iran

A British organization called the Middle East Association came to Tehran Chamber of Commerce Industries Mines & Agriculture (TCCIMA) to explore joint fields of...

Iran Committed to Gender Equality: Molaverdi

The Vice-President for Women and Family Affairs Shahindokht Molaverdi said the government is determined to meet its objective of guaranteeing gender equality.

Japan Eyes Development of Iranian Port: Report

A new report says Japan seeks to play a part in the development of the southeastern Iranian port of Chabahar.

India Says to Pay Iran Oil Dues via European Banks

The Indian oil minister said the South Asian country is scheduled to pay an outstanding oil debt to Tehran via European banks.

Iran oil exports hit 2.4 million bpd

Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.

FM: Foes Misrepresenting Iran as Unsafe for Investment

Iran’s Foreign Minister Mohammad Javad Zarif called on the incoming parliament to thwart the plots hatched by enemies aimed at portraying the country as an unsafe investment destination and discouraging foreign investors from coming to Iran.

Iran-Germany Joint Venture Should Become Operational

Iran’s Minister of Industry called for the two sides’ industrial joint venture to enter the operational phase in a meeting with German Deputy Economy Minister Uwe Beckmeyer.

Park Geun-hye: N Korea Must Follow Iran’s Strategy to Join International Community

South Korean President Park Geun-hye said South Korea hopes that North Korea will follow in the footsteps of Iran in curbing its nuclear activities and joining the international community.

Rouhani Welcomes Park Geun-hye

President Hassan Rouhani says there is suitable ground for foreign investment in Iran as he receives his South Korean counterpart Park Geun-hye in Tehran.

Ireland Plans to Re-Establish Embassy in Tehran

The Irish government is considering reopening its embassy in Tehran in a bid to expand trade relations with the Middle East’s second-largest economy.

South Korean President in Iran for Official Visit

South Korean President Park Geun-hye who arrived in Iran on Sunday for a three-day visit, met Iranian President Hassan Rouhani on Monday morning after an official welcome ceremony at Sa'd Abad Palace.

Indian PM Modi to Visit Iran in Late May

According to Indian media, Prime Minister Narendra Modi is expected to make a visit to Iran later this month to expand ties with the country, particularly in the energy sector.

German Firms Dissatisfied with Merkel’s Stance on Iran

German businesspeople seem to be dissatisfied with German Chancellor Angela Merkel’s hard line on Iran because of Tehran’s anti-Israel stances, and expect Vice-Chancellor Sigmar Gabriel to enhance mutual cooperation with Iran in his Monday visit.

Rouhani on Workers’ Day: Stresses Need for Knowledge-Based Economy

Addressing a ceremony to mark International Workers’ Day (which coincides with national Teachers’ Day), President Hassan Rouhani congratulated Iranian workers, and said the Joint Comprehensive Plan of Action (JCPOA) was solving many national problems.

Park Guen-hye Hopes for New Chapter Between Seoul and Tehran

South Korea’s president arrives in Tehran today on a three-day visit aimed at boosting mutual ties, becoming the first South Korean president to visit...

Britain-Iran Chamber of Commerce: Serious Negotiation with Banks to Ease Work with Iran

The chairperson of the Britain-Iran Chamber of Commerce said currently banking issues are the main problem in engagement with Iran, so in Britain there is serious negotiation for resolving the problem.

Iran Eyes 10,000 Jobs in Major Refinery Project

Siraf Refinery Project, comprising 8 gas condensate mini-refineries, will generate 10,000 jobs, said a senior official related to the project.

Caviar exports from Iran up 183% yr/yr

Iran’s exports of caviar rose to worth $1.7 million showing 183.3 percent increase in the past Iranian calendar year of 1394 (ended March 19, 2016).

Iran’s Non-Oil Exports up 8%

IRICA has reported that Iran’s non-oil export in the first month of the current Iranian year (began March 20) has experienced a 7.91% rise compared with the same period last year.

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