Turkey’s Unlu plans brokerage in Iran
Interest is building up in the Iranian stock market. Turkey’s brokerage and advisory firm Unlu Yatirim says it is in talks with an Iranian company for a joint venture in the country which is opening to business with imminent removal of sanctions. The Istanbul-based firm will offer brokerage services in…
Germany welcomes Iranian uranium shipment to Russia
Germany on Tuesday hailed Iran’s decision to ship part of its low-enriched uranium stockpile to Russia as part of the July 14 Vienna deal, calling it ‘very important’. German Foreign Minister Frank-Walter Steinmeier said in a statement that the Iranian uranium shipment to Russia was ‘one of the first very…
German companies to make 12bn euro investment in Iran
Deputy Oil Minister for Petrochemical Affairs Abbass Sherimoqaddam said on Monday that German companies have proposed making 12 billion euro investment in Iran, after removal of sanctions. Addressing a ceremony marking the anniversary of establishment of National Petrochemical Industries Company, Sherimoqaddam said formerly, foreign companies were scared out of Iran…
Iran’s tourism industry a ‘hidden treasure’ for investors: tourism chief
The booming industry of tourism in Iran is a hidden treasure for investors, Iran’s tourism chief Masoud Soltanifar said on the sidelines of a ceremony for inaugurating Tehran’s Espinas Palace Hotel on Monday. The 500-room hotel in northwestern Sa’adatabad neighborhood was used to housing high-ranking officials during the summit of…
Termination of sanctions, golden opportunity for Iranian exporters
Deputy minister of industries, mines and commerce Mohammad-Reza Modoudi said on Monday that termination of sanctions would be a golden opportunity for Iranian exporters. He made the remarks at a ceremony to praise the model industrialists of Alborz province. He said that although lifting the sanctions can lead to a…
Iran, Algeria to elevate relations in 2015
Year 2015 will be a turning point in Iran-Algeria relations for boosting the political, economic and cultural cooperation. The two countries’ Joint Supreme Commission held from December 15 to 17 had very tangible outcomes; the most important one can be highly improving the level of bilateral political ties. The relative…
Iran, India sign comprehensive economic cooperation agreement
Document for comprehensive economic cooperation agreement between Iran and India was signed on Monday evening by Minister of Finance and Economy Ali Tayyebnia and Minister of External Affairs of India Sushma Swaraj. The two sides agreed on cooperation in the fields of energy, infra-structure, banking, consular services, trade and tourism….
Iran oil output rise unlikely to lead to Saudi output fall
Saudi Arabia will likely keep the oil production volume unchanged amid Iranian oil output rise, a US geopolitical intelligence firm Stratfor said on Tuesday in its annual forecast for 2016. ‘The reintroduction of Iranian oil to the market makes Saudi Arabia unlikely to significantly scale back production in the first…
Gov’t supports private sector in all economic fields
First Vice-President Eshaq Jahangiri underlined that President Hassan Rouhani’s government supports the country’s private sector in all economic domains. ‘The government supports the presence of the private sectors in all economic areas, specially tourism sector,’ Jahangiri said, addressing the opening ceremony of five-star Espinas Palace Hotel in northwestern Tehran. He…
Iran, Canada launch into 1st oil coop.
An IOOC official said a Canadian company has been put in charge of studying the economic justifiability and feasibility to implement the development project of Binaloud oilfield. Head of Technology and Research at Iranian Offshore Oil Company (IOOC) Javad Rostami said IOOC has placed studying over this field on agenda…
