Iran to invest in new overseas refinery project, now in Spain

Iran said on Saturday that it plans to participate in the construction of an oil refinery in Spain in what appears to be a long-term strategy to guarantee its own sales to Madrid.

New Solar Power Plant Set Up in Tehran

An Iranian deputy energy minister inaugurated a photovoltaic power station north of capital Tehran on Saturday.

World Bank expects Iran’s economic growth to hit 5.8% in 2016

The World Bank has forecast a major growth rate of 5.8 percent for the Iranian economy in 2016 as the country starts to benefit from the economic gains that the removal of multiple year sanctions is expected to bring about.

Iran to switch from gas to power exports

As Iran is preparing for the removal of sanctions and the openings that it will create in various sectors, fresh debates are emerging in the country over the need to devise more efficient energy policies – what is expected to help the country’s economic growth.
wto

Post-JCPOA Iran on course to winning WTO membership

A TPO official has said that Iran is moving toward becoming a member of the WTO, adding that the country has to pay a dear price for not being a WTO member.
Federal_Reserve_Board_Building (1)

How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?

The first likely impact of the decision by the Federal Reserve will be a rise in the value of the greenback.
Iran IKIA airport

Iran awards IKIA deal to Dutch firm NACO

NACO will be in charge of providing consulting services for the development of Phase 1 of IKIA Airport Town for a period of five years.
investment

US Visa Waiver Program will push foreign investment in Iran down to zero

An Iranian economist has said that a monkey wrench has been thrown into the works of Iran’s economy in the form of a US congressional bill, adding that Iranian officials should oppose the bill which violates JCPOA.
Bank

Presence of foreign banks spurs competitiveness: MP

An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.
Mahmood Dodangeh

US automakers can invest in Iran: Deputy industry minister

The deputy trade minister has said that the US import ban only applies to consumer products and should not be generalized to other areas.

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