Economy

Iran signs landmark $6 billion power deal

The agreement between the Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.

Major Bavaria trade team visiting Iran

Bavaria’s minister for economic affairs has described Iran as a very attractive and profitable market for European enterprises.

Iran to invest in New Development Bank

A deputy economy minister has said that efforts to develop Iran-Brazil ties have gained momentum and that the two countries have inked deals on customs, double taxation and joint ventures.

Iran, Brazil firm to boost economic relations

Brazil has always been among the priorities of Iran’s foreign policy, Zarif said at a meeting with the Brazilian minister of development, industry and trade.

Iran can use the knowledge of foreign managers to get into global markets

Industry Minister Mohammad Reza Nematzadeh has said that Iran has set a target of $190b in exports for 2025.

To secure inflow of capital, corruption and restrictive rules should be eliminated: Official

The head of Iran’s Chamber of Commerce has said that an inflated government can do little to pave the way for a resistance-based economy to grow.

Iran welcomes German investment in industry sector

Industry Minister Nematzadeh has said that Iran, Afghanistan and Germany can make profitable investment in different mining and industrial sectors.

WTO accession, the first thing after JCPOA

A deputy minister of industries, mines and trade has said that if Iran fails to get the WTO membership, it will definitely face multiple challenges down the line.

Iran supports Japan’s long-term activities in Iran

There are a lot of trade grounds for the Iran and Japan to boost cooperation, said Nematzadeh.

Japan, Germany seek long-term economic, industrial cooperation with Iran

The Japanese and German economic teams in Tehran have said that they can help Iran revamp its automotive industry and develop its agriculture and food industries.

Road Minister: Iran to construct 7 int’l airports by 2025

Iran has plans to build seven international airports near Tehran in ten years to guarantee the country’s pioneering role in tightening the security and development of the region, said the minister of roads and urban development.

Iran fights US appropriation of $1.7 billion

Iran has said that the US court ruling on appropriation of Iran’s funds violates a treaty between the US and Iran which bans expropriation of one country’s properties in the territory of the other.

Iran ready to export oil, LNG to Poland

Poland has expressed readiness to cooperate with Iran in different energy sectors and since Polish refineries have been modernized, they can use Iranian crude oil, Zanganeh said.

An economist: Mr. Zarif is in the right

An Iranian economist has said that the country has to go right back to where it started from during Ahmadinejad's presidency and make up for what it lost if it seeks to secure economic growth.

Iran considers ties with China strategic: Economy Minister

Iran’s economy chief has said that existing limitations in Iran-China economic and trade ties will be removed in the near future.

Iran inks gas deal as Omani minister visits

Two separate agreements have been signed for studies in the offshore and onshore sections.

Iran welcomes boosting cooperation with Total

Total has already voiced readiness to sign new contracts with Iran, Rokneddin Javadi said.

France business development office inaugurated in Tehran

A French delegation has held talks with Iranian officials to discuss ways to boost bilateral trade ties between Tehran and Paris.

Anticipating sweet cooperation with the world

The exhibition brought together 320 domestic producers and about 40 companies from 17 countries.

Iran, Algeria ink MoU on banking ties

Tehran and Algiers have agreed to exchange experience in various areas of monetary and regulatory policies as well as in management of monetary reserves.

French Group to Open 2 Hotels in Iran

French group AccorHotels will open an Ibis hotel and a Novotel branch near Tehran's international airport.

Iran to host trade teams from 10 EU states

Iran says it is preparing to host 10 European trade delegations within the next two weeks, stressing that the rise in the frequency of visits by trade delegations is a result of July nuclear breakthrough with the P5+1.

Iran, Austria to triple volume of bilateral trade: Iran min.

The Iranian minister expressed hope that in view of the available grounds for cooperation between the two countries, the goal would be realized in the near future.

Trade minister reports on agenda and meetings with Spanish delegation

Cooperation between Iran and other countries should help us find our way into foreign markets, the industry minister said.

Tehran, Vienna sign 15 MOUs worth €80m

Austria is willing to contribute to many Iranian projects in line with the trade philosophy that both sides can benefit from the agreement signed, said Christophe Leitl.

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