Italy to take its agrofood industry to Iran in February

Italy has planned to take its agrofood industry to Iran in February with a delegation of companies led by Italian Agriculture Minister, Maurizio Martina, IRNA reported on Tuesday. Cooperation in the agrofood sector began during Expo Milano 2015, before the agreement on Iran’s nuclear programme was finalised. Italy intends to…

Iran manufactures 682,182 cars in 9 months

Iranian carmakers manufactured 682,182 vehicles in the first nine months of the current Iranian calendar year (March 21- December 21). The country produced 78,708 vehicles in the Iranian ninth month of Azar (November 22-Decemebr 21), Tehran Times reported on Sunday. The carmakers manufactured 1.13 million vehicles in the past Iranian…

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…