President: Iran is a trustworthy partner to international community
President Hassan Rouhani said on Sunday that the Islamic Republic of Iran is a trustworthy partner to the international community. The president made the remarks in a meeting with ambassadors and heads of Iranian representative offices abroad. President Rouhani said that the diplomatic organ (Foreign Ministry) is tasked with diplomatic…
Saipa, Citroen to conclude contract after finalization of talks
Deputy Minister of Industries, Mines and Trade for Industries Affairs, Mohsen Salehinia, said on Sunday that Saipa and French Citroen are in talks, nearing conclusion of a contract. Talking to IRNA, Salehinia said the two sides have in their talks even ascertained the amount of joint venture investment and the…
Iran, Spain start cooperation in petrochemicals
The manager of a Spanish company has said the two countries have started new joint petrochemical projects. Chief Executive Officer of AIRSEC S.A. Javier Lopez who participated in The 21st Iran International Oil, Gas, Refining and Petrochemical Exhibition told IRNA that the documents signed with Iran were related to state…
Pak min. assures businessmen to pave way for trade with Iran
Pakistan Minister for Commerce Khurram Dastgir Khan has assured businessmen to resolve issues related to Iranian market on priority basis and pave the way for enhanced trade with Iran. The minister gave the assurance during a meeting with the chairman of Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association…
Korean corporation invests $70m in Iran
Korean Chemical Corporation Teekay which produces spandex fiber has invested $70m in Iran. The company said the new investment increases production which could be sold in Iran and Middle East markets. The corporation announced that construction of spandex factory will start soon and it is expected to open in 2019….
Iran’s SWIFT problems settled: Senior banking official
A senior banking official said in this holy city in central Iran that SWIFT problems have been settled between the Iranian and foreign banks, it was announced on Wednesday. Chairman of the Coordination Council of state-owned banks Abdolnaser Hemmati made the remarks in a press conference after his meeting with…
S. Korean Bank to Open Representative Office in Iran
Coinciding with the visit of South Korean President to Iran, the first representative office of the South Korean Woori Bank was opened with the presence of Mr. Kamyab, the vice-governor for Foreign Exchange Affairs in the Central Bank of Iran (CBI). This is the first time that a South Korean…
Iran calls for foreign, domestic investment in oil, gas industry
Iran encourages foreign and domestic investments in oil and gas industry, the Managing Director of Iran’s Petrochemical Industry Investment Company (PIIC Group) Fereidoun Fadaei Dolat said on Friday. Speaking to IRNA, he said that after removal of sanctions, Iran has prepared the ground for joint venture investments of the European…
Industry minister pledges helping Iranian investors in Belarus
Iranian Minister of Industry, Mines and Trade in the second day of his visit to Belarus visited several joint projects and promised the Iranian investors residing in Belarus that the Iranian government will support their activities. The Iranian industry minister underlined the need for broadening of relations between Tehran and…
Iran, China aluminum firms sign $2bn joint venture investment deal
Iran Aluminum Company (IRALCO) and Chinese CRIC company signed an agreement for joint venture investment to the tune of two billion dollars. The contract was signed by IRALCO Managing Director Majid Pourattar and International Relations Director of CRIC Company of China Hu Hai. Pourattar said the the joint venture investment…
