Austrian company ready for joint automatic transmission production
An Austrian company engaged in making auto parts voiced readiness for joint production of automatic transmission during a conference of the economic activists of Iran and the Austrian state of Steiermark on Wednesday. During the conference hosted by Tehran Chamber of Commerce, Industries, Mines and Agriculture, some 50 economic activists…
Iron, Steel 4th in list of Iranian major exports: ITDO
Iron and steel exports fetched dlrs 763 million over the past nine months, Iran Trade Development Organization said on Wednesday. It said that the steel manufacturers exported 1,6661,000 tons of steel, up by six percent compared to that of the preceding period. Over 1,178,000 tons of crude steel was exported…
Joint venture foreign investment separate from import of goods
Head of the Chamber of Commerce, Industries, Mines and Agriculture of Isfahan Province Abdolvahab Sahlabadi said on Wednesday that joint venture foreign investment is separate from import of goods from other countries. Talking to IRNA, Sahlabadi said that joint venture investment with foreign partners aims to help increase domestic products,…
Iran anticipated to attract $7b FDI by mid-March
Iran would attract $7 billion worth of foreign direct investment (FDI) by the end of the current Iranian calendar year (March 19, 2016), said Mohammad Khazaei, the Iranian deputy minister of economy. Khazaei said industry, agriculture, transportation and tourism are the main sectors to attract foreign investment, FNA reported on…
Spokesman says US freed $100 billion of Iran assets
Spokesman of the US State Department John Kirby said 100 billion dollar worth of Tehran’s assets have been freed so far. According the State Department website, he said there is no difference in the figures announced by the two ministries of treasury and state regarding the figure. Commenting on the…
Linde, Mitsui offer $4b investment in Iran petchem projects
German-based company, Linde AG, in collaboration with Japanese company, Mitsui & Co., are planning to invest $4 billion in a number of Iran’s petrochemical projects, said Marzieh Shahdaie, the director for projects at the National Petrochemical Company (NPC). “Linde AG and Mitsui & Co. were among the companies which had…
Iran, Thailand sign six cooperation documents
The Islamic Republic of Iran and the Kingdom of Thailand on Tuesday signed six cooperation documents on developing comprehensive economic cooperation in post-sanctions era. The new cooperation documents were signed at Tehran’s Saadabad Cultural Complex between Vice President for Executive Affairs Mohammad Shariatmadari and Thai Deputy Prime Minister Somkit Jatosi…
Iran signs agreement with biggest EU pharmaceutical Co.
Ministry of Health, Treatment and Medical Education signed a memorandum of understanding (MoU) with Sanofi Company, EU’s biggest pharmaceutical firm during President Rouhani’s visit to France. Head of Board of Directors of Sanofi, Venberg said at the signing ceremony attended by President Rouhani and Foreign Minister Zarif and Minister of…
