Industry

40% Increase in Iran’s 9-Month Car Production

The number of four-wheeled motor vehicles manufactured in Iran during the first nine months of the current Iranian calendar year, which started on March 20, shows a 39.1 percent increase compared to the same period last year.

Iran to Buy Electric Bus from Belarus: Official

Deputy Prime Minister of Belarus Vladimir Semashko said the European country plans to sell electric buses to Iran.

Iran’s Customs Office Ranks Third in Fight against Smuggling

The World Customs Organisation’s Centre of Information and Security has introduced Iran as the world’s third country in the fight against violation of customs regulations and smuggling of goods.

Iran Drops A380 Planes from Its Deal with Airbus

Airbus Group SE suffered a blow to its already troubled A380 program when Iran, which had previously suggested it would buy the double-decker planes, said it had dropped the model as part of a wider fleet upgrade.

Republican Members of US Congress Vow to Fight Iran’s Deal with Boeing

Republican members of the US Congress are vowing to fight a $16.6 billion deal between Boeing and Iran after the air giant announced Sunday it had agreed to sell 80 aircraft to Iran Air.

Tehran, Moscow Sign Several Investment Deals: Russian Minister

Russia’s Minister of Energy Alexander Novak announced that Iran and Russia have signed a number of investment contracts in recent days.

Reactions to Iran’s Contract with South Korea for Building 10 Ships

President Hassan Rouhani’s government has placed an order with South Korea to build a number of ships for Iran, but the contract has sparked strong reactions, particularly from the IRGC’s influential construction base, which says Iranian companies are capable enough to build the ships.

Contract with Peugeot, Best Car Deal in Iran’s History: Official

“The contract between Iran and France’s Peugeot is a joint venture; that is to say, we have a firm to jointly manufacture cars, which...

Iran Air, Boeing Finalize Plane Purchase Deal

Iran’s flag carrier 'Iran Air' says it has signed a much-awaited agreement with US aviation giant Boeing to purchase 80 planes.

2nd Int’l Exhibition of Gold, Jewellery and Gem Stones Underway in Iran’s Kish Island

The Second International Exhibition of Gold, Jewellery, Silver watch, Gem Stones and Related Industries is being held in Kish Island, southern Iran.

Iran and France Sign Biggest Joint Venture Deal on Car Parts Production

Iran and France’s Faurecia have reportedly inked the biggest joint venture deal in car parts manufacturing industry.

US Gives Airbus Green Light to Sell 106 Planes to Iran

The US Treasury Department has authorized France's Airbus to sell 106 commercial planes to Iran Air, Iran's flagship carrier.

Tehran to Host Middle East`s Largest Exhibition of Home Appliances

The 16th Exhibition of Home Appliances, the largest event of its kind in Middle East, will be held in Tehran Int'l Permanent Fairground from November 24 to 27.

Iran’s President Inaugurates Oil Projects in Southwestern Province

Iranian President Hassan Rouhani on Sunday inaugurated a number of development projects, including those for developing oil fields, in the southwestern province of Khuzestan.

Iran Expects Six-Fold Rise in Foreign Investments

A member of Tehran Chamber of Commerce said the number of foreign direct investment projects in Iran is expected to increase six-fold by next March.

Vintage Cars Put on Display in Iran’s Isfahan

The Iranian central city of Isfahan hosts an exhibition of classic cars and motorbikes.

Iran Raps ‘Rare’ EU Clauses in Trade Deals

A top official in Tehran has accused European government of failing to take the required measures to facilitate trade agreements with Iran – what he says is already in violation of a nuclear agreement that was sealed with the country last summer and came into effect in January.

Presidents Discuss Iran-Finland Railroad Link

Presidents of Iran and Finland at a meeting in Tehran weighed plans for connecting the two countries via railroad.

Iran’s Steel Production Surpasses 13mln Tons in 9 Months

Iran has produced over 13.2 million tons of crude steel in the first 9 months of 2016, according to figures released by the World Steel Association.

First KLM Flight Arrives in Iran after 3 Years

KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, has officially resumed flights to Iran after a hiatus of over three years.

Giant French Company to Build 100 Hotels in Iran

The giant French hotel operator Accor Hotels follows a special mission in Iran and plans to implement several projects around the country within the next 10 years.

France’s PSA, Iran’s SAIPA Seal Joint Venture Deal

Iran’s major automaker SAIPA and France’s PSA Group have announced a deal to launch a joint-venture to produce and sell Citroen cars in Iran.

Peugeot in Iran to Make Up for Past: CEO

The CEO of PSA Peugeot Citroen said the French automaker has returned to Iran’s market with the purpose of making up for lost time, when the company’s forced exit from Iran under the sanctions caused discontent among Iranians.

Iran and France Start New Era of Partnership in Car Industry

French media outlets reported that Iran and the French car manufacturer Renault have penned an agreement for restoring their cooperation in automotive industry.

Europe Not Sole Option for Trade: Iranian Minister

European economies are not the only option Iran can take up when it comes to trade interaction, Iranian Minister of Economic Affairs and Finance Ali Tayyebnia stressed.

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