Monday, December 29, 2025

Business

Iranian Province Attracts $36m in Foreign Investment

Iran’s East Azarbaijan province has attracted $36 million in foreign investment since March 2017, according to a local trade official.

Iran Gives 5 European States Ultimatum over Plane Purchase Contracts

Iran has issued ultimatums to five European states to stick to their commitments under the contracts earlier signed on selling airplanes to Tehran, otherwise the country may revise its deals.

Iran’s IKCO, Mercedes Benz to Establish Joint Venture

Iran’s largest car manufacturer, Iran Khodro Industrial Group (IKCO), and Germany’s giant car manufacture Mercedes Benz have signed a contract to establish a joint venture for selling new products and offering after-sale services in Iran.

Iran Appoints 1st Female Manager of Gas Field Development Project

An Iranian woman has been appointed for the first time as the manager of a major gas field development project in the country.

Fifth Urmia Grape Festival Underway in Northwestern Iran

The fifth edition of Urmia Grape Festival is currently being held in Chi Chest coastal village in northwestern Iran.

Iran Welcomes Joint Ventures with Germany: Health Minister

Iranian health minister says the country is ready to promote its cooperation with Germany to develop modern technologies and create job opportunities in Iran’s health sector.

Iranian Firm Indigenizes Electronic Equipment Used by Power, Petchem Industries

Iranian researchers have managed to indigenize and mass produce a series of electronic equipment used in power and petrochemical industries.

Int’l Sporting Goods Exhibition Underway in Iran

The 16th International Exhibition of Sports, Sporting Goods and Equipment (SPORTEX 2017) is being held in the Iranian capital of Tehran.

80% Jump in Iran’s Exports to Turkey in 7 Months

The total value of Iran’s exports to Turkey during the first seven months of the current year has increased by 80 percent, compared to the same period last year, data released by Turkey showed.

Iran, Qatar to Expand Economic, Urban Development Ties

Iran and Qatar have signed a number of agreements in different fields including economy and urban development as part of a larger plan to expand bilateral relations.

Iran, Syria Discuss Boosting Cooperation in Agriculture Sector

Iranian and Syrian officials have conferred on enhancement of mutual cooperation in the agriculture sector, particularly in the fields of research and training.

France Using Iranian Saffron to Produce Herbal Medicines

An Iranian MP says France has managed to develop value-added products using Iran’s saffron by processing the crop into antidepressants and herbal medicines.

Iran Urges India to Speed Up Railway Construction

An Iranian official has called on India to accelerate the construction of a railway in southern Iran under a mutual agreement.

Iran Sells Screening Rights of 64 Films to Other Countries

The screening rights of dozens of Iranian films have been sold to other countries during President Hassan Rouhani’s first term, according to an official.

Croatia’s Largest Bank Keen on Expanding Relations with Iran

A Croatian official says the East European state’s biggest bank has expressed willingness to deepen and expand relations with Iran.

Germany Willing to Provide Iran Air with All-Out Assistance: Envoy

German ambassador to Iran has expressed his country’s willingness to provide assistance to Iran's flag carrier airline, Iran Air.

Iran Parliament Authorizes Expansion of Cooperation with Slovenia

The Iranian Parliament has unanimously approved a bill that permits the government to expand the country’s economic cooperation with Slovenia.

First 2017 Volvo Car to Go on Display in Iranian Fair

Following a few years of hiatus, Sweden’s Volvo Group has eventually resumed exporting its cars to Iran indirectly through its German partner Heico Sportiv.

Iran in Talks with India, Russia on Gas Field Development

A top Iranian official says talks are underway with India and Russia’s Gazprom on the development of an Iranian gas field.

Women Mechanics Receiving Training in Iran

A group of women are being trained in the city of Borujerd in western Iranian province of Lorestan to become auto mechanics.

Iran Joins Club of Stone Paper Producers

An Iranian production unit has managed to make paper from stone using indigenous technology, making Iran one of the few countries in the world to have the knowhow.

Iran Parliament Vows Strong Support for Handwoven Carpet Industry

A senior Iranian MP says the Parliament will do its best to help reinforce the export of Iran’s handmade carpets to global markets.

Iran, Azerbaijan Need to Sign Free Trade Agreement

Economic estimates indicate that Iran needs to sign a free trade agreement with Azerbaijan Republic if it wants to gain an appropriate share in the Azeri market.

Iran Signs Biggest LC Deal with South Korea to Receive €8bn Loan

Iranian media on Saturday celebrated the country’s biggest credit line deal in recent years with South Korea’s Eximbank, saying it marked a new opening in attracting foreign investment.

Over 1,400 Planes Crossing Iran’s Sky Every Day: Official

Iran says at least 1,400 planes cross its skies everyday – an announcement that a top military official in Tehran says is a proof of the country’s airspace security for regional and transregional airliners.

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