Economy

Iran open to investment, win-win economic exchange: President

Iranian President Hassan Rouhani has expressed the country’s readiness to attract foreign investment and for a win-win economic exchange with other nations.

Safe space encouraging foreign flights to pass through Iran

A regional official of International Civil Aviation Organization (ICAO) said Iran's safe airspace has encouraged foreign airlines to seek passage through Iran’s flying zone.

‘General Electric in talks to enter Iranian market’

US giant seeks to enter Iranian market following the implementation of Iran’s nuclear agreement.

S. Korea opens center to support exports to Iran

South Korea launched a business center to support local firms exporting to Iran as the East Asian country seeks to broaden its presence in...

Iran Aiming for Major Hike in Tourism Income

Iran has formulated plans to increase revenue from the tourism industry within the next ten years to an amount equal to the income generated by oil sales, Head of the country’s Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO) Masoud Soltanifar said.

Iran, Italy sign up to $18.4bn contracts

Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and energy.

Iran, Italy, France line up mining deals

Iran’s mining sector is probably a new darling of foreign investors, with companies from China to Europe lining up to try their hand in one of the least developed industries in the resource-rich country.

Iran, Egypt resume trade ties: Report

Iran’s first cargo of petrochemical products in recent years has left for Egypt, marking the resumption of trade ties between the two major Muslim countries, the Mehr news agency says.

Japan to extend oil deals with Iran

The media in Tehran said on Saturday that Japan plans to extend a contract to purchase crude oil from Iran.

Airbus Officials to Discuss Plane Sale to Iran Sunday

Officials with the European aircraft manufacturer Airbus will arrive in the Iranian capital on Sunday to talk about the sale of passenger aircrafts, but the American counterpart Boeing will not send any representatives due to visa problems, an Iranian official said on Saturday.

Iran main taker company envisages bourse listing

Iran’s largest oil tanker company says it is envisioning an international listing of its shares just as it prepares for its first sail to the European Union since 2012.

Canada jet maker eyes Iran despite strains

Bombardier, the Montreal-based manufacturer of planes and trains, is exploring how to enter the Iranian market now that western anti-Iran sanctions have been lifted. This is while the company faces challenges that confront all Canadian businesses looking to deal in Iran, Canadian Broadcasting Corporation reported.

Greece refiner agrees to resume Iran oil purchase

Greece’s main oil refiner Hellenic Petroleum has reached an agreement with Iran for importing crude oil now that international sanctions have been lifted on Tehran.

Kuwaiti banks ready for cooperation with Iran in post-sanction era

Kuwaiti banks and businesses are ready for resuming cooperation with Iranian banks, Kuwaiti daily al-Rai said on Tuesday.

Iran to present ‘golden opportunities’ for foreign businesses

Iranian FM Zarif says the country will soon present golden opportunities for various economic institutions and industries across the world for investment and exchange of technology.

Iran ready to meet Europe’s gas need

An NIGC official has announced Iran’s willingness to launch gas talks with EU expressing the country’s readiness to supply European countries with natural gas.

Russia eyeing Iran military helicopter market

Russia hopes to sell Iran military helicopters in the wake of the lifting of economic and financial sanctions against the Islamic Republic.

Iran sanctions removal to raise trade: Russia

Russia’s Central Bank says the removal of anti-Iran sanctions can enhance bilateral cooperation in different areas.

President praises nation’s resistance, patience during nuclear talks

President Hassan Rouhani on Tuesday praised nation's resistance and patience during nuclear negotiations between Iran and P5+1.

Lift of anti-Iran sanctions, special chance for Italian companies

Managing director of Italy's Genius Car Ltd announced that lifting anti-Iran sanctions is a special opportunity for the foreign firms, also the Italian ones, to be present in Iranian market.

No obstacle for implementation of Iran Pakistan Pipeline when sanctions are lifted

Pakistan has not fulfill its commitments towards  construction of a gas pipeline with Iran (IP) so far under the pretext ofsanctions, despite more than one year since the deadline specified in the contract. Now a high ranking Pakistani official says that there will be no problem and pressure from any third party to hinder construction of the pipeline upon lifting of sanctions.

Iranian companies to join Omani Markets

The organizer of Iran private exhibition in Oman has said Iranian companies will attend the exhibition to maintain and improve Iran’s market condition.

Korean agency raising Iran credit rating

South Korea’s official export credit agency KEXIM says it will consider raising its sovereign credit rating for Iran by one notch in anticipation of a strong economic growth.

UK to pay £50m to British companiese seeking to work in Iran

The export credit agency of Britain, UK Export Finance (UKEF), has announced it would fully support expanding trade relations with Iran after removal of sanctions against the country following the IAEA verification that Tehran completely met its commitments upon the landmark nuclear agreement with the world powers.

Thailand plans to raise trade with Iran to $5bn

Thailand hopes to bring its trade transactions with Iran to $5 billion from the current $356 million as the Islamic Republic prepares to receive sanctions relief.

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