Industry

French Firms Can’t Stay in Iran, Minister Says

France’s finance minister says Europe has to build independent financial institutions immunized from US penalties which are making business in Iran impossible for European companies.

Iran’s Exports to US Increase by 450 Percent

New figures reveal that the volume and value of Iran’s exports to the US has increased by 450 percent and 333 percent respectively.

Renault to Stay in Iran despite US Sanctions: CEO

Renault says it will stay in Iran despite the fresh sanctions that the US is planning to impose on the Islamic Republic.

MP Calls for Punishment of Foreign Firms Leaving Iran

A member of Iranian Parliament Economic Commission says the foreign companies which have decided to leave Iran in the wake of the US withdrawal from the Iran nuclear deal should be punished.

Selling Cranberry Kernels: A Strange but Profitable Job

An Iranian man has landed himself a job that seems to be strange at first glance, but has so far helped him earn a good amount of money.

Iran Exporting Pasta to US despite Trump’s Sanctions

Iran has exported its first shipment of pasta to America, defying the sanctions to be re-imposed on Tehran, said the head of an Iranian pasta manufacturing company.

Iran to Increase Exports of Knowledge-Based Products to China

The Islamic Republic of Iran is to expand its exports of knowledge-based products to China.

Iran Develops Antibacterial Polyester Strings Using Nanotechnology

Iranian researchers have used nanotechnology to develop antibacterial polyester strings that cause the least degree of poisoning for human body.

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

European Car Manufactures to Remain in Iran despite US Bans

Informed sources say European carmakers like Peugeot, Citroen and Renault will continue their operation in Iran despite the upcoming re-imposition of US sanctions.

Iran, France Establish Mideast’s Largest Blood Bag Factory

In a project financed by France, Iran has established the largest blood bag manufacturing factory in the Middle East, creating at least 200 new jobs, said the Director General of Iran Blood Transfusion Organization.

India to Study Construction of Ferroalloy Plant in Iran

India is to conduct a feasibility study for the construction of an alloy-producing company in southern Iran.

Philip Morris to Produce Marlboro Cigarettes in Iran

Iran and the American cigarette and tobacco manufacturing company Philip Morris have finally signed a Memorandum of Understanding on official imports and the joint production of Marlboro cigarettes in Iran.

Iran Capable of Producing Quality Goods despite Sanctions: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has hailed Iranian producers and workers for their being able to produce high-quality products despite international pressure and sanctions on the Islamic Republic of Iran.

Real Madrid, Barcelona Football Clubs Wearing Shirts Made of Iranian Cotton

Did you know that shirts worn by your favourite football clubs could be manufactured with cotton produced using nanotechnology in Iran?

Iranian Airlines Sign Deal to Buy 40 Russian Planes

Two Iranian airlines have signed separate Memorandums of Understanding with Russia’s major aircraft manufacturer Sukhoi to purchase 40 Sukhoi Superjet 100 passenger planes.

Iran to Build Passenger Vessels to Boost Marine Tourism

The Islamic Republic of Iran is to produce different types of passenger vessels to further develop marine tourism in its northern and southern bodies of water.

Iran Designs System to Inspect Airbus A320’s Landing Gear

Iranian engineers have managed to design and manufacture a homegrown system to check the landing gear of Airbus A320.

Low Toll Fees in Iran Turn Cars into Capital Goods

Automobiles are regarded as capital goods in Iran as they are expensive and at the same time economical to maintain.

Iran Must Raise Steel Import Tariff to Counter Trump’s Levy

An Iranian parliamentarian has urged the government to increase tariffs on importing steel, saying that otherwise the US steel tariff hike could negatively affect the Iranian steel industry.

Iran Playing ‘Very Important’ Role in Iraq’s Economy: Minister

Iraqi Minister of Electricity Qasim Al Fahdawi has hailed Iran's crucial role in Iraq’s economy, calling on the Iranian companies to play a more active role in reconstruction of the Arab country.

Senegal’s Police Fleet Upgraded by Iranian-Made Car

Iran Khodro Industrial Group, the country’s biggest car manufacturer, has exported the first consignment of its Dena Plus cars to Senegal to be used in the African country’s police fleet.

ATR Delegation Visits Plane Crash Site in Iran

A French delegation from ATR, a Franco-Italian aircraft manufacturer, has traveled to southwest Iran to examine reasons behind the crash of an ATR plane in Mount Dena that led to the deaths of all 65 people on board.

Iran to Buy Airliners with French, Italian Credit Lines

The Islamic Republic’s national flag carrier Iran Air is to purchase brand-new aircraft with foreign financing.

Mercedes Benz to Produce E-Class Cars in Iran

Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.

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