Business

Russia negotiating supply of ‘Sukhoi Superjet’ to Iran

The Russian minister of transport has said that Moscow is negotiating with Iran on the supply of Russian passenger planes Sukhoi Superjet 100 to Iran.

Boosting oil exports top priority for Iranian Oil Ministry: Zanganeh

The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.

Iran has no plan to offer discounts on gas exports to Turkey

The NIGC chief has said that the result of The Hague arbitration will be out later this year and Turkey’s gas complaint will not affect Iran’s natural gas exports to Turkey.

Iran signs $2.3 billion gas pipeline plan

The contract includes building 590 kilometers of pipeline to the border with Iraq in addition to five gas compressor stations in two years.

Economy chief orders measures to accelerate capital inflow, privatization

The capital market should be as instrumental as the banking system in financing the country's projects, the economy minister said.

Iran says 14 new planes to join its civil fleet by yearend

Some 14 Airbus and Boeing passenger planes have been overhauled inside the country and will join the civil fleet before the end of year, said Hamid Habibi.

India to finance Iran rail tracks exports

India has signed a contract worth $233 million with Iran for exports of rail tracks by companies including Steel Authority of India.

Iran Asia trade soars amid West’s sanctions

Iran’s Asia exports rose nine percent to more than $5 billion in the two months to May 21.

Iranian president in Russia to attend BRICS, SCO summits

Iran’s President Hassan Rouhani is in Russia to participate in two major summits of BRICS and the Shanghai Cooperation Organization (SCO).

Iran, Tajikistan sign MoU to complete Anzob tunnel

Iran and Tajikistan have inked a deal to complete the Anzob tunnel, which connects the Tajik capital to the country's second largest city Khujand and is a transit route between Dushanbe and Tashkent.

Is $50 per barrel oil in the offing?

An increase in OPEC output, a hike in the number of American oil rigs and Iran's likely production increase contribute to the decline in oil prices.

Iran’s president to attend BRICS, SCO summits in Russia

President Rouhani is going to have a tight schedule during his two-day stay in the Russian city of Ufa.

Iran vows to double oil exports after sanctions lifted

Iran’s deputy oil minister says oil exports will reach 2.3 million barrels, compared with around 1.2 million barrels a day today.

Rouhani orders financial system reforms

Reforms are necessary to remove the obstacles in the way of the competitive industrial output and to enhance the efficiency of the overall financial structure, President Rouhani said.

Sanctions-hit Iran ports come back to life

International shipping lines are stepping up port calls to Iran as the country’s massive maritime trade sector is emerging from sanctions.

Report: Turkey in talks to buy Iran fuel oil

Turkey is discussing imports of fuel oil from Iran which is running a surplus of the product amid a decline in domestic consumption, local media said on Thursday.

Laylaz: Iran’s economy is not sanctionable (PART TWO)

If we had acted before the economy plunged into this crisis, sanctions would definitely have failed to bite.

Iran car imports down 51%

In total, 10,555 cars were imported in the first three months of the current year.

AIIB discourages poverty, promotes peace, stability: Economy chief

Tayyebnia said the important role of Asian states in global economy and impact of the bank on infrastructural development is evident.

Laylaz: Iran’s economy is not sanctionable (PART ONE)

Saeed Laylaz, an Iranian economist, says that mismanagement of the previous government has caused the country more losses than sanctions.

Iran building major port near Hormuz Strait

A multi-purpose port Iran is building near the Strait of Hormuz has absorbed 700 million euros in foreign investment. Officials say the new port can turn into one of the biggest and most discussed international ports in the world.

AIIB can be instrumental in Asian development projects: Economy minister

Iran's membership of the bank is in line with measures to realize the principles of the resistance-based economy, Minister of Economy and Financial Affairs Ali Tayyebnia said.

Iran buys ‘most advanced’ oil vessel

An Iranian energy official has said as many as 30 European and Asian companies have held talks with Iran in recent months to invest in the country’s oil and gas projects.

Minister hold negotiations with passenger plane manufacturer

Abbas Akhundi said that due to sanctions during the past decades Iran has just managed to buy second-hand planes, noting the renovation of the national air fleet is an absolute necessity.

“Imposing pressure on negotiators unwise; people need peace of mind”

President Rouhani’s Chief of staff has said that the Iranian nation needs peace of mind and a thriving economy in which business will yield benefits.

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