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Iran envoy urges joint investments between Iranian, French companies

Iran’s ambassador to Paris has urged the need for technology transfer from France to Iran, as well as joint investment by French companies and their Iranian peers in the Islamic Republic. “We, in Iran, similar to you in France, are obsessed with boosting our exports in order to decrease our…

Iran, China trade exchanges rising: Envoy

Trade exchanges between Iran and China is on the rise and trade exchanges between the two countries witnessed a growth of 31 percent in the first four months of 2017 as compared to the year before that, Iranian envoy said. Speaking to IRNA, Iran’s Ambassador to Beijing Ali-Asghar Khaji said…

Int’l business firm to invest € 22 billion on Iran road projects

The VNS international business company says it is going to provide bank facilities of 22 billion euros in the form of finance agreements to help Iran implement road projects across the country. “The bank facilities, expected to be paid in the form of finance agreements, will go to the projects…

Official: Agreement with Shell to be finalized soon

Managing Director of Maroon Petrochemical Company (MPC) Rahim Sharif Mousavi said on Monday that engineering agreement with Shell Company will be finalized in coming weeks. He pointed to planning of the company to execute two new plans, including Ethylene Oxide project, and said that for engineering sector of the two…

Iran petroleum minister, Total CEO meet in Vienna

Minister of Petroleum Bijan Zangeneh and Chairman and Chief Executive Officer (CEO) of French Total Patrick Pouyanné met in the Austrian capital on Thursday prior to the 172nd OPEC conference. The 172nd Meeting of the Organization of Petroleum Exporting Countries (OPEC) Conference is to be held in Vienna within hours…

Oil Minister: Election removes obstacles for new contracts

Iran’s 12th Presidential election removed an important part of obstacles in the way of new oil contracts’ implementation, said Bijan Zangeneh, Minister of Petroleum on Wednesday. Bijan Zangeneh, on the sidelines of agreement ceremony for manufacturing CRA (corrosion resistant alloys) pipes, told reporters that the main topic of the OPEC…

Iranian bank opens office in Europe

In continuation of the banking openings after the nuclear deal between Iran and G5+1, Saman Bank opened its first branch in Rome, after the Central Banks of Iran and Italy had granted the necessary licenses. Saman bank opened its first agency in Rome in order to provide financing, investment, banking,…

Deputy Minister: Iran seeking offshore investment

Iran requires about 30 billion dollars of investment in offshore sector, Deputy Minister of Industry, Mining and Trade said on Monday. The Joint Comprehensive Plan Of Action (JCPOA) has paved the way for great projects in offshore and onshore sectors, said Mansour Moazzami, referring to the landmark agreements between Iran…

Iran world’s most affordable tourism destination

Foreign tourists in Isfahan’s ancient Imam Square. Iran’s tourism industry has been identified for a third straight year to have the most affordable prices in the world for foreign visitors.  A biannual report published by the World Economic Forum (WEF) gave Iran a score of 66.6 in terms of price…

Iran-Switzerland urge more economic cooperation on Eurasia

The vice president of Iran’s Chamber of Commerce in a meeting with his counterpart from Switzerland’s Canton Ticino urged the expansion of banking relations and utilizing Eurasia capacity for expanding trade between Iran and Switzerland. Pedram Soltani in the meeting with Marco Passalia pointed to an Iranian delegation’s visit to…