Business

Iran needs 400 passenger planes in next 10 years: Minister

The minister of roads and urbanization says Iran attaches special importance to development of its civil aviation fleet and that of airports and passenger terminals.

Iran, Pakistan launch joint fiber optic project

The network is aimed at expanding the bandwidth of Pakistan and international information transit.

Iranian official rejects reports on energy talks with US companies

Hosseini said Iran has already held negotiations with major European energy giants.

US says working to block nine Iranian jets

The head of Iran’s Civil Aviation Organization said that the US did not have the right to block the planes on international trips but Iran had to get ready for any eventuality.

Iran needs to get ready for the post-sanctions era

Iran’s standard chief says accreditation helps the country start doing business and rendering services on the same footing with its international counterparts.

Iran’s return to oil market gradual: Zanganeh

Zanganeh said oil market stability through balanced supply and demand will remain a priority for OPEC under all circumstances.

Stand your ground on gasoline decision

Sadegh Zibakalam has asked in a letter to the government spokesman to explain to people the positive results the government decision to raise gasoline prices will produce in the long run.

Envoy Describes Germany as Iran’s Biggest European Trade Partner

Germany is the biggest European partner of Iran in the field of economy, the German envoy said in a meeting with Khorasan Razavi governor general.

Rouhani says committed to liberating economy from foreign pressures

Government is committed to liberating the land of economy from the occupation of P5+1 and the UN Security Council through diplomacy, Rouhani noted.

False expectations about a price decline are aimed at harming government: Economist

Those who have made such predictions are either unaware of price trends or seek to exert pressure on the government.

Iran permits ‘unofficial’ US trade link

Unofficial connections could pave the way for establishment of joint chambers of commerce between Iran and America, said Gholamreza Shafei.

Iran to launch trade center in Iraq’s Kurdistan Region

The center should serve to provide a good understanding of Iraq's market, introduce Erbil's trade attractions to traders and support the Iranian industries that eye a share in the Iraqi city.

Iran, Oman launch new shipping route

Iran has inaugurated a new shipping route to Oman to help diversify its access to international export markets and to transport food items, agricultural products and perishable goods.

Pakistan is counting the cost of its blind obedience to the US

The US has warned energy-poor Pakistan against implementing a gas pipeline project with Iran to counter the growing presence of China in the Muslim country.

Iran’s strong presence in Expo Milano 2015

A photo gallery of the Iranian pavilion designed by Kamran Safamanesh at Expo Milano 2015.

Asia refiners renew Iran crude purchase deal

Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.

Iran, South Africa keen for closer economic ties

Tehran is willing to expand economic relations with Pretoria and the ties should develop with a good momentum, said the president in a meeting with Nkoana-Mashabane.

Iran trade team on rare US visit

An Iranian team of economic and cultural players is reportedly in the US to hold talks with their American peers and present Iran's capacities, said a member of Tehran Chamber of Commerce.

Gas exports to Europe not economical: Iranian official

Given a decline in gas prices in Europe, it is not economically feasible to export gas there at the moment, said Mohsen Ghamsari.

Iran cites key oil technology success

Iran’s Oil Ministry has said its experts have been able to build a gas microbubble generator which facilitates drillings into oil wells.

Iran, India ink deal on Chabahar Port

Defying US warnings, India has signed an agreement with Iran to develop a port in the southeastern province of Sistan-Baluchestan.

Iran, Algeria working to promote trade ties

Iranian and Algerian chambers of commerce are duty bound to encourage their private sectors to promote trade and embark on joint ventures, said Shafei.

Berlin after energy deals with Tehran: Official

The German foreign ministry spokesman has said a final nuclear deal between Iran and P5+1would help set the stage for energy cooperation between Tehran and Berlin.

Italy’s giant energy company ‘Eni’ eyes role in Iran

Officials from Eni conducted negotiations with the Iranian oil minister a few days ago on development of Iran’s joint fields, said Abdolreza Haji Hosseininejad.

Iran, Russia start using national currencies in banking transactions

The opening of a joint Iran-Russia bank account, presence of Russian banks in Iran and choosing a Russian bank for rial-based trade exchanges in Russia are some of the measures underway.

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