Iran provides € 20m. credit line for exports to Russia
Managing Director of Exports Development Bank Ali Salehabadi said a credit line with a value of 20 million euro has been provided for export of goods to Russia. Talking to reporters on Monday, he said Russian companies are currently keen for imports from Iran especially foodstuff, making it necessary for…
German giant industries heading to Tehran
A German industrial delegation will visit Tehran on Wednesday to discuss future cooperation with Iran in the wake of the arbitrary sanctions. The German delegation led by the German Minister of Foreign Affairs, Frank-Walter Steinmeier, will meet with Iranian officials of Ministry of Petroleum, according to Shana news website. Accompanying…
Envoy: Iran considers Peugeot a trustworthy partner
Iran’s Ambassador to France referred to age-old Iran-France relations which were severed some 10 years due to unjustly imposed sanctions, saying its time for French firms return to Iran and adding that Peugeot is a trustworthy partner for Iran auto industry. Ali Ahani said in an interview with the French…
Different countries seek joint venture investment in power plants
Minister of Energy Hamid Chitchian said on Saturday that different countries sought joint venture investment in construction of power plants and sewage system in Iran. Chitchian told a press conference that lifting the sanctions prepared the ground for direct foreign investment in water and electricity industry.Chinese were the sole…
Oil companies to focus on Iran in 2016: Report
A foreign website specialized in oil markets has written that oil companies will look to Iran in 2016 amid tighter budgets. “The National” wrote that oil companies’ investment this year will be focused on new opportunities in Iran and Mexico as they cut budgets sharply amid continued low oil prices,…
Iran opportunities ‘too big to ignore’: CEO
Investment opportunities in Iran are ‘too big to ignore,’ as the country’s president signs a new series of deals on the second leg of his European tour, the CEO of a top investment firm told CNBC. Formal announcements of Iran’s 100-plane order from Airbus were made this morning, alongside plans…
Iran’s dealmaking with Europe: the seven biggest contracts
Deals worth nearly €40bn were struck during the Iranian president’s four-day visit to Europe after the lifting of sanctions The Iranian president, Hassan Rouhani, meets the French president François Hollande. France and Italy have led the way in cementing post-sanctions deals. Airbus €22bn (£16.8bn) Aiming to renovate its ageing air…
Iranian aviation industry sanctions were catastrophic
Executive chief of Center for Asia-Pacific Aviation (CAPA) said on Friday Iranian aviation industry sanctions were inhumane and a catastrophic tragedy, expressing hope that world nations will never again witness the occurrence of such illogical events. ‘World aviation industry’s relations with Iran were restored after many years of sanctions with…
Iranian oil shipper hopes to make up for lost time as sanctions end
Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion of their fleet on the seas despite an array of economic sanctions. “We felt like the last line of defense of the…
Pistachio market faces return of ‘king of nuts’ from Iran
It is not just the world of oil which is bracing itself for the impact of Iran’s return to the market after the recent lifting of US sanctions. International pistachio traders are watching and wondering how Washington’s move will impact export flows from the Middle East nation, and whether it…
