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Iran’s medical exports to show 3-fold increase in 3 years

Head of Food and Drug Organization, Rasoul Dinarvand said within the next three years, medical exports will have a 3-fold rise while the price of imported items won’t go higher. Dinarvand said that less than $200m medicines are exported now and the amount of imported ones is $1.25b. It is…

Iran, China relations beyond simple economic ties: Dy Minister

Deputy Economic and Finance Minister Mohammad Khazaei said that Iran and China ties are beyond simple bilateral economic levels and that during post–sanctions era all opportunities should be used for expansion of relations. He underlined Tehran and Beijing intension for bilateral relations development and said that in the meeting of…

Isfahan to export agricultural, animal husbandry products to Russia

Animal Husbandry Improvement Deputy of Isfahan Agricultural Jihad Office in a meeting with Russian Consul General reached agreement for exports of Isfahan agricultural and animal husbandry products to Russia. Amir-Hossein Afyuni told IRNA on the sidelines of the 14th International Isfahan Cattle, Poultry and Veterinary Exhibition that the negotiations on…

Friend in deed: Iran ready for across-the-board cooperation with Russia

Iranian companies want to expand their presence in Russia’s construction, oil and consumer market, a senior Iranian trade and planning official told Sputnik in Moscow. Mina Mehrnoush, the head of planning at the Organization for Trade Development in Iran, who leads an Iranian delegation on a visit to Moscow, said…

Russia’s Basel Aero to launch Iran flights: report

Russia’s Basel Aero company plans new flights to Iran in the near future following the removal of anti-Tehran sanctions, a report said. Basel Aero will launch flights from Sochi, a Black Sea resort in southern Russia, to several Iranian cities in July, Basel Aero said in statement on Friday. “For…

10 new planes to be added to Iran’s air fleet in weeks: Official

An Iranian aviation official said the country plans to import 10 new passenger planes to add them to its air fleet by the end of the current Iranian year (March 19, 2016). Speaking to reporters on Saturday, Mohammad Khodakarami, deputy head of Iran’s Civil Aviation Organization (CAO), highlighted the increasing…

Iran signs oil deal with European refiner as sanctions end

Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producer’s first such deal with a European company since the removal of sanctions this month. Deliveries will begin immediately, Hellenic Petroleum said in an e-mailed statement on…

Switzerland releases Iran’s frozen cash

Switzerland freed up money from Iran that was frozen in Swiss bank accounts after sanctions imposed against the Islamic Republic were lifted. A sum of $11.8 million had been stopped from leaving Switzerland after being frozen between 2007 and 2012, as part of a sanctions programme against Iran to attempt…

Iran signs oil deal with Russia’s Lukoil

Russia’s Lukoil has sealed a deal with Iran to look for hydrocarbon reserves in southern Iran. Iran says it has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province, reported Press TV. Hormoz Qalavand, the director for exploration affairs of the National…

Economist: Six percent economic growth available next year

Six percent economic growth is available in the next Iranian year of 1395 (2016-17), Masoud Nili, Economist and Advisor to the President said on Sunday. Nili made the remarks in his address to Seminar on `Post-Sanctions, Opportunities Ahead of Private Sector’. ‘What can be said of Iran’s economic prospect after…