I.O.B summit to promote Iran’s economy in world

Iran is scheduled to hold an international summit on January 28 and 29 to introduce opportunities to the foreign countries for expand their economic cooperation with the Islamic Republic. The summit titled “Iran Open Business (I.O.B)” aims to bolster the country’s ties with the world in trade, financial, commercial, industrial,…

Jahangiri underlines need for utilizing renewable energies

First Vice President Eshaq Jahangiri underlined the need to using the renewable energies for the country. “Planning for making use of the renewable energies is one of the remarkable solutions to confront air pollution,” Jahangiri said on Saturday, addressing the Economic Council Meeting. He recalled destructive effects of air pollution…

Foreign firms rush to get in on Iran ‘gold rush’

With Washington’s economic sanctions against Tehran set to continue even after the implementation of the nuclear deal, investment in what many believe is the world’s last great emerging economy may prove too risky for US firms. According to Tehran-based English newspaper, Iran Daily, With Washington’s economic sanctions against Tehran set…

145 trade teams from 48 countries visited Iran in 9 months

An official with Iran Trade Development Organization said that 145 commercial and economic delegations from 48 countries comprising 3,763 delegates visited the country in the past nine months. Abu-Taleb Badri added that 71 delegations with 2,640 members from European and American continents, 41 teams with 702 delegates from Asia and…

Official: Sanctions on petrochemical products lifted

A senior official from petrochemical industry said here on Saturday that sanctions imposed on the industry by foreign countries have been totally removed. Managing Director of Petrochemical Commercial Company Mehdi Sharifi Niknafs told IRNA that for the first time in the past five years, the company managed to get its…

Russia interested to sell advanced Tupolev aircraft to Iran

General Director of the Russian commercial and transport aircraft manufacturer Aviastar-SP said his firm is interested to sign sale contract of up-to-date Tu-204CM aircraft to Iran. ‘We hope to receive orders to manufacture Tu-204CM commercial aircraft from Iran,’ Sergei Dementiev said quoted by Aviation Explorer website. According to economic analyst…

Multi-tier gasoline prices and further hikes

Changes in gasoline price and distribution methods for the hydrocarbon fuel have been among Iran’s most controversial issues in the past few years. Even following the rationing of gasoline, a large number of officials announced that fuel price in Iran is still quite lower than the global average, stressing that…

Iran can become major energy exporter to Pakistan: Express Tribune

Iran can become a major energy exporter to Pakistan which can get up to 3,000MW of electricity from its western neighbor, the English language Pakistani newspaper reported on Saturday. According to the Foreign Office, Pakistan currently imports 74MW of electricity from Iran for its coastal Makran division. This import will…

World’s big containers dock at Rajaie Port again

Container ships belonging to world’s second largest shipping line docked at Shahid Rajaie Port after six years, a local official said. Director General of the provincial Ports and Maritime Organization Ehrahim Idani said that Switzerland’s MSC shipping line has returned to the port city. He said the ship which has…

Tehran, Islamabad to enhance trade ties: Pakistan minister

Pakistan’s Minister for Commerce Khurram Dastgir Khan says his country is comprehensively engaged with Iran to enhance bilateral trade and economic relations. Speaking in the Senate during question hour on Friday, the minister said that the bilateral relations have witnessed an improvement following the visit of Prime Minister Nawaz Sharif…