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Khuzestan electricity company signs MoU with French investor

Managing Director of Khuzestan Regional Electricity Company (KREC) Mahmoud Dasht-e-Bozorg said on Saturday that KREC has signed memorandum of understanding (MoU) with French investing company of “ Green Coast Solution’. He said in direction of expanding usage of renewable energies technologies, clean energy and absorbing foreign investment, the MoU was…

Iran, Germany to broaden banking cooperation

Foreign Minister Mohammad-Javad Zarif and German Finance Minister Wolfgang Schäuble on Monday discussed expansion of Tehran-Berlin banking cooperation. The two ministers met on the sidelines of the annual meeting of European Council on Foreign Relations (ECFR). Schäuble, underlining the JCPOA implementation, welcomed banking cooperation between Tehran and Berlin. He said…

Iran, Azerbaijan Republic boost 75% of their non-oil exchanges

 Azerbaijan Republic Ambassador to Tehran Bunyad Huseynov pointed to thegrowing trend of trade exchanges between the two neighboring states and said on Tuesday that over past four years non-oil exchanges between the two countries increased by 75 percent. He made the remarks in meeting with East Azarbaijan Province Governor General…

1,100 tons of food products exported to Qatar daily from Bushehr

Over 1,100 tons of food products are exported every day to Qatar from the ports in Iran’s southern province of Bushehr on the Persian Gulf, the head of Ports and Maritime office of Bushehr Province says. Over the past week, a total of 5,000 tons of food exports have been…

Iran, Oman to boost economic ties

Iran and Oman underlined boosting cooperation in the economic and commercial sectors at the end of a series of joint talks in Muscat. Iran’s Ambassador to Oman Mohammad Reza Nouri Shahroudi explored avenues for bolstering economic cooperation in a meeting with Omani Minister of Trade and Industries Masoud al- Sunaidy…

Foreign investment flourishing in Iran

Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance said that attracting $ 3.372b shows that foreign investment is flourishing in Iran. The UNCTAD wrote in its recent report, published in June 2017, that Iran has attracted more than $3.37 billion, showing a 64-percent growth. The…

Iran Air CEO: Seven new planes to join Iran’s fleet

Seven commercial airplanes would be added to Iran’s fleet by the end of this year, said Iran Air’s top manager. We are going “to receive another five ATRs until the end of 2017, starting in August or September, and a further eleven in 2018, bringing it to the total 20…

Aseman Airline signs contract to buy 30 Boeing 737 planes

Managing Director of Aseman Airline Company Hossein A’laei and Boeing Sales representative in the Middle East and Russia James Larson signed contract to buy 30 new Boeing 737 on Saturday. Minister of Cooperative, Labor and Social Welfare Ali Rabiei and Head of Civil Aviation Organization Ali Abedzadeh attended the signing…

Iran, Russia underline development of economic cooperation

Chairman of of Iran-Russia Joint Economic Commission Mahmoud Vaezi and Minister of Energy of the Russian Federation Alexander Novak agreed to continue consultations for development of mutual economic cooperation. Vaezi who also serves as Iran’s Minister of Communications and Information Technology, is in the Russian cultural capital to attend the…

Iran, Russia ink roadmap for cooperation in energy sector

Iran’s Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia and Deputy Minister of Energy of the Russian Federation Kirill Molodtsov on Saturday inked roadmap for cooperation in energy sector. The roadmap for energy cooperation between Tehran and Moscow was signed in a meeting between Iran and Russia…