Business

Iran to Sell Crude Oil to Russia: Minister

Iran will sign a deal with Russia to sell 100,000 barrels per day of oil to its northern neighbour, Iranian Minister of Petroleum said on Tuesday.

Iranian Taxi Drivers Protest against E-Hailing Apps

Iranian taxi drivers staged a protest rally in front of the Iranian Parliament against two e-hailing companies in Tehran.

Iran’s Roads Minister Survives Impeachment

Iranian Minister of Roads and Urban Development survived an impeachment bid by the Parliament after securing a vote of confidence from lawmakers.

Iran to Probe Allegations about Total’s Information Leak to Qatar

An Iranian lawmaker says the Parliament will investigate the veracity of allegations concerning French oil giant Total’s disclosure of secret data about Iran’s South Pars Gas Field to neighbouring Qatar.

Iran Resumes Power Export to Iraq

Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report by Mehr News Agency.

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.

Iran’s Oil Output Slightly Affected by Power Cut in Khuzestan

The temporary power failure caused by the extremely high level of humidity and dust pollution in Iran's southwestern province Khuzestan has slightly decreased the country's oil production, but it won't influence Iran's OPEC commitments.

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.

Iran Trying to Cope with Environmental Crisis in Southwest

Iranian officials and lawmakers are trying to defuse the environmental crisis in Khuzestan province, southeastern Iran, these days.

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 Boosting Production and Export of Its Medicinal Herbs

About $91 million worth of medicinal herbs, including cumin, coriander and coriander seeds, henna and damask rose, were exported in the last Iranian year (March 2015-16).

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.

Iran Can Link Europe to Indian Ocean, East Asia: Rouhani

Iranian President highlighted the opportunities for enhanced cooperation between Iran and Europe, particularly Luxembourg, and stressed that Tehran can link Europe to the Indian...

Russian Official Calls Off Iran Visit Due to ‘Technical Reasons’

Russian Deputy Prime Minister Dmitry Rogozin cancelled his planned visit to Tehran for “technical reasons”; however, it is said the trip was called off because the Iranian side has disclosed the details of his agenda during the visit.

Iran’s Roads Minister to Be Impeached in Coming Days

Speaker of Iran’s Parliament Ali Larijani declared that Minister of Roads and Urban Development Abbas Akhoundi will be impeached this weekend.

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.

Iranian Minister Apologises to Nation for Power Outage

Iran’s Energy Minister apologized the residents of Khuzestan Province in southwestern Iran for power and water cut caused by climatic conditions.

New Generation of Filling Stations Set Up in Tehran

Tehran Municipality and the Iranian Oil Ministry have set up self-service filling stations for the first time in the Iranian capital of Tehran.

Bosnian Business Delegation Due to Visit Iran on Saturday

An economic delegation from Bosnia and Herzegovina will arrive in Iran on Saturday in a visit aimed at expanding economic relations between the two countries.

Aerial View of Iran’s Largest Solar Power Plant

Iran’s biggest solar power plant was inaugurated on Saturday, February 4, in Iranian West-central province of Hamadan.

Iran’s Agriculture Sector More Appealing than Turkey’s: Foreign Financiers

A number of foreign investors believe that Iran’s agriculture sector is more appealing for them than that of the neighbouring Turkey.

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