Business

Qazvin provincial officials and Italian investors have signed a deal which will build a 1000-mW solar power plant and photovoltaic panels.

Foreign Ministry Deputy for Legal and International Affairs Abbas Araqchi said the powerful stands taken by the head of Iran’s Central Bank has resulted in the US announcement that non-American banks have no problems in transactions with Iran.

Canada’s global aviation firm Bombardier is reportedly planning to launch its own airline in Iran – a groundbreaking move that could help boost air trips between Iran and Northern America.

In a ceremony held in Tehran on Sunday, high-ranking officials from Iran and South Africa signed eight memorandums of understanding (MoUs) to broaden the relations between the two countries in a range of fields.

The Governor of the Central Bank of Iran (CBI), Valiollah Seif, held the former Iranian administration responsible for a recent US court ruling to seize near $2bn of Iran’s frozen assets, saying Mahmoud Ahmadinejad’s government was too negligent in making investments in the US.

Iran and the German Federal State of Sachsen will develop their cooperation in specialized agriculture, and jointly invest in processing and supplementary industries.

Iranian First Vice-President Eshaq Jahangiri referred to the knowledge-based economy as being a key factor in the realization of the Resistance Economy, whose principles were outlined by the Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei.

US Secretary of State John Kerry assured the world that financial transactions with Iran are safe and European banks should not be worried in this regard.

Construction companies from South Korea plan to sign contracts with Iran on a series of big development projects during an upcoming visit to the Islamic Republic by the president of the East Asian nation, South Korean industry officials said on Saturday.

Deputy Foreign Minister for Arab and African Affairs Hossein Amir Abdollahian says today Chinese, Indian and Turkish companies are turning into big economic and trade players in South Africa which further underlines the need for targeted and efficient planning of Iran’s private sector in the South African market and investment of that country in Iran.

A high-ranking oil industry official said that Iran and Canada are to cooperate on building equipment related to oil industry surface facilities.

Secretary of State John Kerry before meeting Iranian Foreign Minister Mohammad Javad Zarif on Friday said US has no objection does not stand in the way of foreign banks engaging with Iranian banks and companies.

Officials with Iran’s Trade Promotion Organization believe that the next couple of months will be full of good news for the country’s trade with other countries, with four new commercial attachés scheduled to be added to the list of Iranian envoys, and B2B ecommerce sites to be launched to facilitate the country’s trade ties.

Members of Isfahan Chamber of Commerce, Industry, Mine and Agriculture met with a group of businessmen from Hong Kong on Tuesday evening to discuss venues for bilateral trade.

Managing director of Masjed Soleiman Oil and Gas Company said the company will boost its output by at least 10% by the end of the current Iranian calendar year to March 20 2017.

The deal for construction of first petrochemical power plant in Mehran was signed on Tuesday between the executor company of Petrosaman Faragostar and Chinese Company CNTIC.

The European Union's Foreign Policy Chief Federica Mogherini announced on a recent visit to Tehran that the EU plans to open a permanent office in the Iranian capital in the near future. This move by the European bloc can be described as a great development for Iran. Asr-e Iran news website explains why the upcoming opening of an EU office in Iran is a good piece of news for a nation after the end of Western-imposed sanctions, as per the recent nuclear deal between Tehran and world powers.

An NIOC official has announced that Iran's sales of crude oil will reach 2mn barrels per day (bpd) in the current year.

Deputy Transport Minister Ali Abedzadeh said Iran and France have agreed to jointly launch aviation training schemes in Iran, including pilot and personnel training programs.

An Iranian energy official says a US company seeks to purchase petrochemical products from Abadan’s Petrochemical Co.

Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".

Iranian Foreign Minister Mohammad Javad Zarif underlined that Tehran sees no obstacle in the way to establish normal and healthy economic relations with Washington.

The head of the Iranian Investment Organization, Mohammad-Khazaie, joined the UN Conference on Financing for Development in New York.

Iranian Ministry of Industry has approved of importing cars produced at Germany’s Opel Automobile manufacturer company.

A Russian deputy minister said that the legal barriers for Moscow’s key state loan to Tehran have been lifted.