Iranian banking cards now connected to int’l financial system
An Istanbul-based payments startup said on Tuesday that it signed a deal that smooths the way for companies seeking to follow it into Iran’s dlrs 400 billion economy. Iyzico’s agreement with Tehran-based electronic payments platform PECCO lets its customers process transactions from some 230 million payment cards that until recently…
Renewable energy to generate in Iran
Deputy Head of Renewable Energy Organization of Iran Jaafar Mohammadnejad said on Tuesday that upon the Five-Year Economic, Social and Cultural Development Plan, Iran will produce 5,000 megawatts renewable energy in the next five years. He made the remarks in inauguration ceremony for commissioning six solar power stations with capacity…
Envoy: Russian national tourism office operates to boost tourism
Russian Ambassador to Tehran Levan Dzhagaryan said on Tuesday that Russian tourism office will operate to boost tourism with Iran. He made the remarks at inauguration ceremony for opening Russian National Tourism Office at Russia Embassy in Tehran. He said that Iranian tourists could only visit a limited number of…
Iran welcomes arrival of first Silk Road train
President of Iranian Railways has welcomed arrival of the first cargo train in Iran from China. Iran’s Deputy Minister for Transport, Roads and Urban Development and President of Iranian Railways Mohsen Pour Seyed Aghaei made the welcome remarks in a ceremony held to celebrate the arrival of a cargo train…
Japan oil companies to resume cooperation with Iran
An association of Japanese oil companies has decided to resume technical cooperation with Iran’s oil refining industry. The Japan Cooperation Center, Petroleum, or JCCP, made the decision following the recent lifting of economic sanctions on Tehran. The center began sending engineers to the Middle East in 1981 after Japan was…
EU delegation to visit Tehran
The first delegation of European Union from the sector of science and technology is due to arrive in Tehran later in the day to discuss with representatives of different bodies about joint venture cooperation in 22 specialized fields. EU has chosen and introduced Iranian Research Organization for Science and Technology…
Iran, Germany to establish joint venture shipping lines
The Islamic Republic of Iran Shipping Lines (IRISL) and German shipping company PWL signed on Monday a memorandum of understanding on setting up joint venture shipping lines. According to IRISL public relations department, the MoU was signed during the recent visit of IRISL managing director to Hamburg, in Germany and…
Zangeneh: Petrochem sector needs $50b investment
Minister of Petroleum Bijan Zangeneh said that Iran’s petrochemical industry needs over 50 billion dollars in new investment. Zangeneh made the remarks at the board meeting of the National Petrochemical Company (NPC). Zangeneh anticipated that the value of produced petrochemical products would hit 18 billion dollars by end of current…
Iran trade delegation off to Germany
A 60-member trade delegation from Tehran Chamber of Commerce is to travel to Germany today. The Iranian delegation is to visit Germany at the invitation of economic activists in German state of Bavaria. Located in southeast of Germany, Bavaria is the largest state in that country. Tehran’s German visit is…
Iran, Italy sign euro 1bn petrochemical MOU
Iran and Italy on Sunday signed a memorandum of understanding (MOU) worth one billion euros for cooperation in petrochemical industries. After the termination of anti-Iranian sanctions many international companies had announced readiness for presence in Iranian petrochemical industries and held talks with concerned Iranian officials, which are leading to signing…
