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Iran, Lebanon mull mechanisms for joint venture investment

Minister of Roads and Urban Development Abbas Akhoundi on Wednesday called for regulating mechanisms to develop Iran-Lebanon joint investment in the maritime, air, railway and urban development industries. He made the remarks in a meeting with Lebanese Minister of Industry Hussein al-Hajj Hassan. Akhoundi called for formation of a joint…

Iran, South Korea to develop IT cooperation

Iran and South Korea have signed a memorandum of understanding to develop cooperation on information technology and communication. The MoU was signed by South Korean Minister of Science, ICT and Future Planning Choi Yang-hee and Iranian Minister of Communication and Information Technology Mahmoud Vaezi on Wednesday. The two countries signed…

Iran, Cuba stress promotion of economic cooperation

Iranian Foreign Minister Mohammad Javad Zarif and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz stressed promotion of economic cooperation between the two countries. Zarif and Diaz in a meeting on Monday evening discussed ways of development of cooperation between Tehran and Havana in fields of energy, banking,…

Iran, Cuba sign cooperation document

Iran and Cuba on Monday signed a Memorandum of Understanding to boost mutual economic cooperation. The cooperation document was signed on the sidelines of the first joint trade meeting of Iran and Cuba in the presence of Cuban and Iranian officials and businessmen, including the Iranian Foreign Minister Mohammad Javad…

Iran, Norway ink cooperation shipping, sea insurance

Iran and Norway signed an insurance memorandum of understanding (MoU) on in the field of shipping. The MoU was signed between Islamic Republic of Iran Shipping Line (IRISL)and Norway’s Skuld P&I Company on different kinds of sea insurances. The MoU also covers the complaints in relation to sea insurance, training…

South African investors willing to make investment in Iran: Ambassador

South African Ambassador to Tehran William Max Whitehead said on wednesday that his country’s investors in the sectors of industry and agriculture are interested in cooperation with their Iranian counterparts. The ambassador made the remarks in a meeting with Governor General of Qazvin province Fereydoun Hemmati. Whitehead said that the…

Iran’s finance ministry, Exim Bank of China sign MOU

TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well. The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism…

Iran to build euro 350 million solar power plan in Aran va Bidgol

Negotiations are underway for construction of large solar power plant in Aran va Bidgol city of Kashan with South Korean firm of ABP International worth euro 350 million, Governor of Aran va Bidgol Ahmad Reza Saeedi said on Monday. Representatives of the South Korean company met with local officials in…

Foreign companies welcome investment in NIOTC

Managing Director of National Iranian Tankers Company (NITC) Seyed Pirouz Moussavi said on Thursday that foreign companies have welcomed investment in the NITC. Moussavi said new oil contracts will cause development of Iranian giant oil industry. The official said once the new oil contracts have been enforced, the National Iranian…

US main destination of Iran’s handmade carpets

US is the main destination of Iran’s handwoven carpets, Chairman of Iran’s National Carpet Center Hamid Kargar said on Wednesday. Speaking in a local ceremony in this central provincial city, Kargar said that Iran exports handmade carpet to 80 countries, mostly to US. Export of Iran’s handwoven carpets worth of…