Thursday, March 28, 2024

Economy

Iran says ready to export 200k bpd of oil to Spain

Iran says it is ready to increase its oil exports to Spain to levels that existed before the US-led sanctions were put into place.

Iran’s food industries waiting for investment to enter international markets

Since the Iranian food industry is operating at 40 percent of its full capacity, plans to boost food exports seem to be necessary.

Tehran, Prague to finalize economic roadmap

Prague is ready to expand cooperation with Tehran in diverse industrial and trade sectors including agriculture, transportation, and technology transfer, said Lubomir Zaoralek.

A look at the mission of the Spanish delegation visiting Iran

Iran’s ambassador to Spain has said that Tehran and Madrid can tap into their experiences to work on joint energy and non-energy projects.

Iran, Iraq sign three agreements on economic cooperation

Iran and Iraq will expand customs cooperation while taking steps to do away with double taxation and encourage mutual investment in the two countries, said Tayyebnia.

Iran, Iraq could pump up trade to $20bn: Minister

A rise in Iran-Iraq transactions will serve the interests of both countries, Tayyebnia said in a meeting with Iraqi Finance Minister Hoshyar Zebari.

Iran nuclear deal cannot fix all economic problems

Sadegh Zibakalam, an Iranian political analyst, has said that unaccountability is a problem bigger than sanctions for Iran, adding that the country should learn lessons from other nations on fixing the economy.

Iran, Oman sign deal to finalize gas pipeline project

The 400 km export pipeline will carry Iran’s natural gas to Sohar Port in the Persian Gulf country

Bank Melli Iran pursuing case of frozen assets in US

The governor of Bank Melli Iran has said his bank seeks to overturn the verdict by a US court on its frozen assets in two American institutes, adding that the bank’s lawyer is seriously pursuing the case.

Iran, Germany eye closer economic ties

The parliament speaker has praised Germany for its positive role in Iran-P5+1 talks, hoping Tehran-Berlin ties would be expanded following the conclusion of the nuclear deal.

Iran’s capital market is to absorb more foreign investment

An Iranian daily has taken a closer look at Iran’s capital market and its dire need for absorbing foreign investment in the post-sanctions era.

Iranian industry chief makes appealing offers to foreign investors at Expo Milano 2015

Nematzadeh said Iran stands ready to establish cooperation with foreigners in the fields of tourism and large- or small-scale production.

Iran, Azerbaijan plan to establish joint bank

The minister of communications and information technology has said that a number of Iran's private banks are interested in entering Azerbaijan's banking market.

Two Iranian banks to start operating in UK soon: CBI head

The CBI governor has said that Iran and Britain seek to exchange banking delegations in order to pave the way for cooperation between Iranian and British banks.

India eyes LNG imports from Iran’s Chabahar Port

Iran has offered a proposed rate of $2.95 for each million British thermal unit of LNG that it plans to sell to India in the future, said the Indian union transport and shipping minister.

Iranian exports to EU up 14% in six months

Experts expect that Iran's trade with the world, especially the European countries, will rise remarkably after the final nuclear deal between Tehran and P5+1 takes effect.

Iran nuclear deal to boost Tehran-Moscow trade ties: Official

Trade turnover between Russia and Iran could significantly rise after the Iran nuclear deal is ratified, said Asgaroladi.

Iran to resume carpet exports to US: Official

The termination of general and direct sanctions against Iran will have a major impact on the increase of carpet experts to the US, Hamid Kargar said.

Europe, US may invest in Iran glass industry

Iran’s gas manufacturing industry has caught the eye of many foreign investors after the nuclear accord but we have to wait and see what happens to the outcome of the talks, said the head of the Iranian Glass and Crystal Producers Association.

Iran’s economy grows if and when helped by the younger generation

The head of Tehran Chamber of Commerce warns of a new class of rich people who were born under the previous government, saying they can become the bane of Iran’s economy.

Iran exported $60 million worth of carpets in 4 months

The Iranian hand-woven carpets have been exported to 80 countries, said the head of the National Carpet Center.

Official invites Japanese banks to launch branches in Iran

Iran’s free trade zones are appropriate for the establishment of branches of Japanese banks and insurance companies, said Afkhamirad in a meeting with a top Japanese delegation.

Spanish traders to visit Iran Monday

The Spanish group is coming to Tehran to sign an MOU on cooperation with Iran Power & Water Industries Equipment and Services Export Company.

Italy’s Fata inks $543 million Iran power deal

Italy’s Fata, the engineering unit of the country’s leading industrial group Finmeccanica, has signed a 500 million euro ($543 million) contract with Ghadir Investment Company to build a power plant in Iran.

Level of trade relations with Italy above normal: Iran’s Zarif

Parliamentary and judicial exchanges, cooperation in education, and combating narcotics trafficking and organized crime were among issues raised at a meeting between the two top diplomats.

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