Iran’s GDP to increase to 4-5.5 in 2016 after economic sanctions lifted – IMF
Iran’s GDP is expected to increase up to 5.5 percent in 2016 due to the prospective lifting of economic sanctions, the International Monetary Fund (IMF) stated in a release on Monday. Iran possesses the world’s largest gas reserves of 34 trillion cubic meters and one of the largest oil reserves…
Iran eyes offshore oil, gas projects in post-sanctions era
First Vice President Eshaq Jahangiri called for increasing Iran’s offshore oil and gas projects saying the marine industries can enhance the country’s development capacities. “A vast section of our oil and gas resources are located in the marine areas and a large number of our educated labor are educated in…
Iran can move section of global economy: Veep
First Vice President Eshaq Jahangiri said that Iran can move about partly the global economy as the world today is after centers which enjoy development conditions. Speaking at a seminar here on Tuesday evening themed Role of FTZs in Resistive Economy, he said, ‘If we interact with the world with…
Organic Week festival opens in Tehran
The 8th International Tehran Organic Week Festival has been inaugurated in the permanent exhibition site of Tehran Municipality at Goftegou Garden Park. The event, started on December 19, has been organized in a collaborative effort by Iran Organic Association to promote a healthy-food message through the citizens and pave the…
Russia may grant $5 billion loan to Iran in 2016
Moscow may give Tehran a state export loan of $5 billion next year. Russia may give Iran a state export loan in the amount of $5 billion in 2016, Russian Industry and Trade Minister Denis Manturov said Tuesday. “We are talking about granting a state loan, naturally under the Iranian…
Tehran, Baku sign document on economic cooperation
Iran and Azerbaijan Republic inked final document of the 10th joint economic commission meeting here on Monday. The document was signed by Iran’s Minister of Communications and Information Technology Mahmoud Vaezi and visiting Azerbaijan’s Minister of Economic Development Shahin Mustafayev. The 10th joint economic commission meeting began in Tehran on…
Iran marine industries opting for fresh development projects, official
Managing Director of Kish Free Zone Ali Asghar Mounesan said Iran’s maritime industries were moving fast towards development despite unlawful sanctions. Making the remarks in the opening ceremony of the 17th International Maritime Industries and Navigation Exhibit, he said Iran’s marine industries see new markets opening up before it. He…
Iran and the European Union spent an important part of their long meeting on Sunday on reviewing the draft resolution to be tabled by the P5+1 group of world powers before the International Atomic Energy Agency (IAEA), a top Iranian diplomat told IRNA. [Iran, EU discuss draft IAEA resolution] ‘There were decisions made so that everything will move in the direction of implementation of the (nuclear) Joint Comprehensive Plan of Action (JCPOA),’ Deputy Foreign Minister Abbas Araqchi who is also chairman of the JCPOA Follow-up Headquarters said after meeting EU Deputy Foreign Policy Chief Helga Schmidt in Vienna. ‘The meeting took two and half hours,’ said Araqchi who participated in the negotiations also attended by Majid Takht-Ravanchi, deputy foreign minister for Europe and America. To a question suggesting that the new report by IAEA chief has ambiguities which can leave Iran’s Past Military Dimension (PMD) case open, he replied, ‘The (resolution of) Board of Governors (of IAEA) will decide whether to close the case or not.’ ‘Although the IAEA report has failed in making a final assessment in certain sections, its assessment is very clear. It says Iran’s activities did not go beyond research.’ ‘The IAEA’s admitting that Iran did not move beyond research level rejected the claims which have been heard in the last 12 years.’ Iran and 5+1 are scheduled to meet on Monday in Vienna.
Iran and the European Union spent an important part of their long meeting on Sunday on reviewing the draft resolution to be tabled by the P5+1 group of world powers before the International Atomic Energy Agency (IAEA), a top Iranian diplomat told IRNA. ‘There were decisions made so that everything…
MasterCard preparing to set foot in Iran
Global payment operator MasterCard Incorporation is preparing to penetrate into the Iranian market as soon as the sanctions against Iran are lifted, the country’s media reported on Saturday. Tasnim news agency reported that MasterCard has launched a channel in instant messaging app Telegram through which it sends posts in Persian…
Sweden ready for cooperation with Iran: Minister
Sweden Minister of Enterprise and Innovation Mikael Damberg on Sunday voiced his country’s readiness for further cooperation with Iran in various fields such as mines, trade, telecommunications and modern technologies. He made the remarks in a meeting with Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh. He said…
