Economy

Iran’s first container ship heads to Europe

An Iranian container ship is heading to Europe for the first time in five years, marking Tehran's return to international markets after the lifting of sanctions, an official says.

Iran, Switzerland sign MoU on shipping, sea transport cooperation

The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.

Paris ready to develop economic-industrial cooperation with Tehran

France Foreign Minister's Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.

Iran-China trade down 41% in Jan.

The volume of trade exchange between Iran and China has dropped by 41% amid plunging oil prices.

China among main importers of Iranian hand-woven carpets

Head of the Iran's National Carpet Center Hamid Kargar said here on Thursday that China is considered as the 10 main countries that import Iranian hand-woven carpets.

All capabilities employed to fulfill ‘economy of resistance’: VP

We are employing all our power and capacity to materialize the ‘economy of resistance’ during the6th Development Plan, said Vice President and head of Cultural Heritage Organization.

Oman backs Iran in Saudi freeze row

Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.

Iran-Germany Banking Ties to Normalize in 3 Months: Envoy

Iranian Ambassador to Germany Ali Majedi said normalization of banking relations between the Islamic Republic and the European country will take two or three months.

Vilified Siemens is Iran’s new darling

Iran’s Minister of Petroleum Bijan Zangeneh hopes to open a “new chapter” in cooperation with Siemens as Europe's biggest engineering conglomerate refreshes its indelible mark in the Iranian industry.

Iran negotiating with 30 European countries on oil drilling

Managing Director of Iranian Drilling Company announced that his company has held talks with 30 European and Asian firms over past several months, and said Tehran is ready to cooperate with accredited oil companies and joint drilling cooperation.

Iran intends to increase oil output: Analyst

An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.

Russia lauds Iran’s role in oil market talks

Russia’s Energy Minister Alexander Novak on Sunday praise Iran for adopting what he described as a “constructive role” toward proposals by key producers to stabilize oil prices.

Japan eyeing Iran’s oil prize Azadegan

New indications have emerged that show Japan has become interested in the development of Iran’s Azadegan oil field that industrialists have for long described as the crown jewel of the country’s oil projects.

Iran laying basis for non-oil economy

Iran expects to attract $15 billion in direct foreign investment this year as the biggest economy closed to international business since the fall of the Soviet Union is humming back to life.

Russian flotilla to visit Bandar-e Anzali

In the second half of this year the Russian Navy Caspian Flotilla will visit the ports of Azerbaijan, Kazakhstan and Iran, the Commander of the Russian Caspian Flotilla, Rear-Admiral Igor Osipov, said on Sunday.

Iran oil exports to rise by 500K barrels in current month: Official

An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.

Iran Launches New Car Production Line in Iraq

Leading Iranian car manufacturer Iran Khodro Company (IKCO) established a new line for manufacturing its Arisun pick-up in the Iraqi city of Alexandria, south of the capital Baghdad.

Iran to export 60k bpd of oil to Greece

Iran said on Saturday that it has finalized a deal with Greece to sell as much as 60,000 barrels per day (bpd) of crude oil to the country.

US pistachio growers worry about competition from Iran

Indications are growing in the United States that pistachio growers are becoming worried over what many see as an impending intense competition with their Iranian rivals.

Expert: It is only fair for Iran to increase oil production

A expert on oil and energy market said it is only fair for Iran to increase its oil production.

Russia Says to Start Construction of 2 Power Plants in Southern Iran

The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.

How to build tomorrow cities?

An urban economy expert believes best cities in the world are where social interaction is promoted.

Boeing gets Ok to study Iran market

Boeing said Friday it received the green light from the Obama administration to study the commercial airplane market in Iran as it eyes opportunity following the lifting of nuclear sanctions against the country.

Minister: Iran negotiating with American companies

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said several big American companies have started negotiations with Iran recently.

Iran exports 7.1mn barrels of oil only in 2 days

Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.

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