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Russians to finance €1bn rail electrification in Iran

The Iranian railway on the Gorgan-Gonbad-e Kavus route A Russian bank has agreed to provide 1 billion euros to electrify a 500 km railway route in northern Iran, state news agency IRNA has quoted a senior official as saying. Head of the Islamic Republic of Iran Railways for northern network,…

Germany’s MAN looking into Iran prospects

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials. MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials, saying it…

Iran selecting financiers for 200 jets: New Iran Air CEO

New CEO of national flag carrier Iran Air Farzaneh Sharafbafi Iran is in the process of selecting financiers for the purchase of 200 new passenger aircraft from among many domestic and foreign companies which have submitted their proposals to Iran Air, the new CEO of the national airline Farzaneh Sharafbafi…

Iran in talks to buy copters from Airbus

Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters. Iran says it has started a new round of talks with the European planemaker Airbus over the purchase of dozens of helicopters. Iran’s media quoted Asghar Fakhrieh-Kashan, a…

Japanese FM: Tokyo policy based on boosting ties with Iran in all fields

panese Foreign Minister Taro Kono said on Thursday that his country’s policy regarding Iran is still to advance all-out ties with Tehran. In a meeting with Deputy Foreign Minister for Legal and International Affairs Seyyed Abbas Araqchi, he congratulated President Rouhani’s reelection for another four-year term in office, hoping that…

Co-op development on Japanese gov’t agenda: Minister

Minister of Economy, Trade and Industry of Japan Hiroshige Sekō said Japan has put on the agenda promoting economic development with Iran. Sekō made the remarks Wednesday in a meeting with Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi. During the meeting, he expressed congratulation over President Hassan…

Iran: €3 billion credit line by Siemens on the way

German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for…

Iran-Renault joint product will enter market next year: IDRO official

A sum of 300,000 Renault cars will be built in a five-year term and first products will enter the market in the final months of the next Iranian calendar year (started March 21, 2018), senior IDRO official said. Head of Iran’s Industrial Development and Revolution Organization (IDRO) Mansour Moazami made…

Renault, IDRO deal historical: Senior French official

Senior Renault official called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world. Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré elaborated the details of contract in…

Iranian, German carmakers to jointly produce cars

Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future. Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have…