Zarif: Iran market one of largest in region

Foreign Minister Mohammad Javad Zarif said here on Thursday that Iran’s market establishes one of the largest regional markets. ‘Because of its regional connections, Iran has successfully created a large market with around 400 million consumers,’ Zarif told a gathering of Iranian and Slovakian businessmen. ‘As a big member country…

Australian minister to reopen trade officet in Tehran Sept 27

Australian Minister of Trade Steven Ciobo will lead a delegation to Tehran September 27. The major aim of Ciobo’s Tehran travel is to reopen the country’s trade office in the Iranian capital. The office has been closed since 2010. Ciobo’s visit to Tehran will be the first of the kind…

Iran opens talks with Siemens, Rolls-Royce on energy investment

Iran is stepping up the search for overseas investment in its energy infrastructure after talks with Siemens and Rolls-Royce that point to the gradual opening of the country’s economy following the lifting of international sanctions. Hamid Chitchian, Iran’s energy minister, met representatives of both companies in London last week to…

‘Smart money’ moving towards Iranian capital market: IFB CEO

To reach an average 8 percent economic growth during the next five-year period, according to decree of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, and following withdrawal of the financial embargo in January, the Iranian administration is shifting from a bank-based financial system into a more market-based one…

Iran seeking to absorb investments for its energy sectors

Iran’s Charged Affairs in London Mohammad Hassan Habibzadeh said Iran is seeking to absorb investments for its energy sectors. Addressing “The Growing Economies Energy Forum” here on Thursday, he said Iran will be offering appropriate conditions to the investors interested in the area. Noting that the Islamic Republic is planning…

Iran expects economic growth of over 5% in 2016

Iran expects economic growth of more than 5 percent in 2016, the Central Bank governor said on Saturday, after lifting of international sanctions over its nuclear program. The major oil producer’s economy is still struggling and growth is close to zero but many investors are betting that restoring Iran’s links…