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Shipping sanctions failed with bitumen exports

Shipping sanctions against Iran were failed in the post-JCPOA era with export of over 34,000 tons of bitumen from Bandar Imam Khomeini port to Malaysia. Bitumen loading on Palanka Maputa, one of the seven biggest ships in the world, which had decked in Bandar Imam Khomeini, destined for Malaysia, completed…

Agreements on attraction of foreign investment signed in Chabahar

Seven agreements on attraction of foreign investment were inked here on Monday in the presence of First Vice-President Eshaq Jahangiri. The signing ceremony was held on the sidelines of an international conference on investment opportunities and sustainable development in the Makran coastal area that started work in Chabahar in this…

Tehran, Muscat to launch automotive manufacturing plant

Iran’s Charge d’Affairs in Oman, Mohammad Totonchi, said Iran and Oman are in talks to launch and establish an auto manufacturing plant in this southern Persian Gulf country. Speaking to the media on Thursday, Totonchi said Iran is to build an auto manufacturing plant in al-Duqm economic zone of Oman….

France set to boost trade ties with Iran: Envoy

French Ambassador to Iran Francois Senemaud said that the country’s state-run and private sectors are determined to beef up its presence in Iran and further strengthen trade ties with it. In a meeting with managing director of Qeshm Free Zone Organization Hamid Reza Momeni, he added that while companies such…

Foreign investment up by 42% in post-JCPOA era

The rate of foreign investment has been increased by 42 percent during the past 12 months thanks to the implementation of the Joint Comprehensive Plan of Action (JCPOA), an Iranian official said on Tuesday. Speaking to IRNA, Managing Director of Central Securities Depository of Iran Mohammad-Reza Mohseni said over 264…

Iran, Germany seal diesel locomotives deal

Iran’s Minister of Roads and Urban Development Abbas Akhoundi (L) signing a diesel locomotives production deal with the visiting German Minister of Transport and Digital Infrastructure, Alexander Dobrindt. (Photo by IRNA) Iran says it has signed a deal with Germany to cooperate over production of 50 diesel locomotives which will…

VP: Iran welcomes Albanian investors

Vice-President and Head of Cultural Heritage, Handicrafts and Tourism Organization, Zahra Ahmadipour, said on Sunday that Iran welcomes Albanian investors’ investment in the tourism infrastructure. Ahmadipour said Iran welcomes the investment considering positive atmosphere available after the JCPOA. She made the remark in a meeting with Albanian Foreign Minister Ditmir…

Iranian banks improving foreign relations in post-sanction era

Vice Governor of Bank Meli Iran for Foreign Exchange Affairs emphasized the fact that Iranian banks are reinforcing international ties in the post-sanctions era, adding that technical, trade and political obstacles still exist. Gholamreza Panahi told IRNA on Saturday that many Iranian banks have resumed brokerage ties with foreign banks…

Iran-Malaysia Joint Commission to convene in near future: Envoy

The Iran-Malaysia Joint Economic Cooperation Commission will convene in the near future, Iranian Ambassador to Malaysia Marzieh Afkham said. Speaking to IRNA on Friday, Afkham said, ‘After removal of sanctions, we are seeking to prepare the ground for development of export within framework of the policies of the Economy of…

Iran Air, Airbus open new chapter in cooperation

The landing of Iran’s first purchased Airbus (A321) in the capital’s international airport has paved the way for the country’s flag-carrier airline – Iran Air to resume cooperation with the Airbus Company after 38 years, a senior Iranian official said. Speaking in a ceremony held here on the Thursday to…