Industry

Iranian Airline to Purchase 100 Rolls-Royce Jet Engines

Iran’s Aseman Airlines has reached an agreement with British luxury-car and aero engine manufacturer Rolls-Royce to buy one hundred Tay-650 turbofan engines.

Hand-Made Lamborghini with Buick Engine Displayed in Tehran Auto Show

A hand-made yellow Lamborghini with an 8-cyllynder Buick engine has been put on display in the ongoing international car exhibition in Tehran.

Iran Keen to Increase Investments in Iraqi Projects

An Iranian trade official announced that the Islamic Republic plans to boost its investments in the neighbouring Iraq.

Int’l Car Exhibition Kicks Off in Tehran

Tehran Auto Show started work on Tuesday with several Iranian, European, and East Asian car manufacturers displaying their latest products.

Iran in Final Stages of Purchasing ATR Planes

Iran's Minister of Roads and Urban Development Abbas Akhoundi says his ministry and the world's leading turboprop manufacturer ATR are in the final stages of a passenger plane deal.

Foreign Investment Expected to Boost Iranian Industries: MP

An Iranian Member of Parliament says the Islamic Republic’s international relations should lead to the promotion of its industries and exports.

Renault to Use Iran as Regional Production Hub

A senior member of French car manufacturer Renault Group stressed that Iran is an important base for this company’s regional trade.

$8.5b in Foreign Funds Approved in Post-JCPOA Era: Iranian Minister

An Iranian minister says $8.5 billion in foreign investment have been approved by the Organization for Investment and Technical Assistance of Iran in the post-sanctions era, of which $5.5 billion pertains to the industry and mining sector.

Scania and Volvo to Launch Production Lines in Iran

The head of Swedish trade delegation to Iran announced that Scania and Volvo, giant Swedish car manufacturers, will establish their production lines inside the Islamic Republic.

Iran Launches First Oceanographic Survey Ship

Iran’s first hydrographic and oceanographic survey ship called Persian Gulf Explorer was launched after being delivered to National Institute for Oceanography and Atmospheric Science.

Iran’s Sponge Iron Output Rises despite Drop in Global Production

Iran’s sponge iron production has grown considerably in 2016 amid dwindling global output.

Iran Exporting Chewing Gum to Italy, Sweden, Australia

Iran has exported well over 1,500 tonnes of chewing gum to several countries in the world in the nine months to December 2016.

Boeing Highly Likely to Cancel Iran Deal: MP

An Iranian parliamentarian says the implementation of the deal between Iran and the giant American plane-manufacturer Boeing is under a cloud of doubt.

Iran’s Parliament Supports Domestic Video Games Production

By charging higher taxes on import of computer games to Iran, $3.1 billion would be allocated to game production in Iran this year, an Iranian MP says.

Iranian President Opens Mideast’s Largest Grain Refinery

In a Tuesday visit to Alborz Province, President Hassan Rouhani inaugurated ‘Zar Grain Refinery’ as the largest of its kind in the Middles East and the first one in Iran.

Another Airbus Plane Painted in Iran Air’s Livery

Iran Air has published the image of an Airbus A330, which is said to be parked in France’s Chateauroux-Centre “Marcel Dassault” Airport and painted in the flag carrier’s livery.

Iran’s Annual Steel Output to Exceed 18 Million Tons

The CEO of Iran’s Isfahan Mobarakeh Steel Company predicted that the country’s annual steel output will rise to more than 18 million tons by March.

Volkswagen to Launch Its Plant in Iran by March

The production line of a newly formed joint venture between Volkswagen and the Iranian automotive company Mammut Khodro will be launched by the end of the current Iranian fiscal year that ends in March, according to the company's director.

Iran Awards National Medal to Top Entrepreneurs

In a ceremony attended by Iran’s First Vice-President, 23 individuals were awarded the “Amin al-Zarb” badge of entrepreneurship for their distinguished role in fostering economic empowerment.

Iran Hopes Its National Medal Would Become as Valuable as Economic Nobel Prize

Plans are underway to raise the value of the national ‘Amin al-Zarb’ medal to the level of Nobel Memorial Prize in Economic Sciences, said a senior Iranian trade official.

Iranian President Test-Drives Homegrown Electric Car

Iranian President Hassan Rouhani test-drove a domestically-manufactured electric car on the National Clean Air Day.

Iran in Talks with American and Italian Firms to Revive 2 of Its Oldest Brands

Iran says it has started talks with major American and Italian companies to form partnerships with some of its oldest brands of household devices in what appears to be a policy to prevent their demise.

Airbus Delivers First Plane to Iran Air after Decades of Sanctions

Iran Air has reportedly received the first Airbus A321 passenger plane it had purchased from the giant airplane manufacturer Airbus in a deal that ended decades of sanctions against Iran’s aviation industry.

Prerequisites of Attracting Foreign Investment to Iran’s Mining Industry

An Iranian official says besides international conferences, Iran’s mining sector needs to work on its imperfect infrastructure and data systems to attract international investors.

South Korea’s Daewoo Wins Deal to Build Shipyard in Iran

South Korea’s Daewoo Shipbuilding and Marine Engineering Company (DSME) – the world’s second biggest shipbuilding companies – has announced a major deal to develop a construction yard in Iran.

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