Dutch company to invest in Alborz province
A leading Dutch company active in producing and distributing raw materials for medical and healthcare items is to make investments in this northwestern province, the Governor General Seyyed Hamid Tahaii said. According to the official, this will be the first foreign country to embark on economic ventures in the province…
Rouhani: Newly emerging Iranian economy of enough internal energy
President Hassan Rouhani said here on Tuesday Iranian economy is among newly emerging economies with sufficient internal energy, good road connections joint Iran with neighbors, enough educated manpower, and thus ready to host foreign investors. ‘Italy is of special importance for us because it has a good background in Iran,…
Spanish firms eyeing investment in Iran
Barber, along with Spanish Ambassador to Tehran Eduardo López Busquets, met Ali Ashraf Afkhami, the managing director of Iran’s Bank of Industry and Mine (BIM) in Tehran on January 12. During the meeting, Barber said the most reputable Spanish companies are willing to invest in Iran in different fields of…
Iran interested in free trade zone with Eurasian Economic Union
Iran is interested in the introduction of a free trade regime with the EEU and considers that the establishment of closer ties with the union may become the basis for the development of economic cooperation of Iran with the association’s member countries, Iranian Ambassador to Russia Mehdi Sanaei said Thursday….
Petroleum ministry plans to attract $200bn investment
A senior official with the Ministry of Petroleum says that the ministry plans to attract $200 billion capital for investment in its projects. Speaking on the sidelines of the 12th International Energy Exhibition, titled KISH ENEX 2016, Afkham Zarvani said that the sum will be obtained in five years out…
Iran sees golden opportunity in trade with Russia
Ali Akbar Mirchegini in a press conference on Friday announced the holding of Iran’s first specialized exhibition in Moscow. He said: “Having omitted Turkey and European countries from their markets, Russians are now showing keen interest for joint cooperation with Iran, and for this reason, we now have a golden…
‘No change in crude production increase’
A senior oil official said Iran does not intend changes in its plans to increase oil exports in post-sanctions era. Talking to IRNA on Saturday, Director General of Oil Ministry for OPEC and Oil Forums Mehdi Asali said Iran intends to increase crude production and exports by 500,000 barrels per…
Improvements in tourist industry
The removal of sanctions will mark a new chapter in Iran’s tourism industry by drawing the attention of more tourists to the country’s rich cultural and historical attractions. According to Tehran-based English newspaper, Iran Daily, in addition to bringing substantial earnings to the country – which contribute to flourishing domestic…
Franco-Japanese auto giant keen on Iran expansion
The head of Renault-Nissan alliance has expressed the major car manufacturer’s readiness to expand its market in Iran upon the removal of sanctions against the country. Renault-Nissan chief Carlos Ghosn said Monday that “Iran is a very promising market,” according to AFP. “Today it’s more than one million cars, it…
Market inclined to low prices: Iran
A senior Iranian oil official said predicting the changes in global crude prices is ‘quite difficult’. ‘This is despite the fact that market indices, including supply and demand, speak of a bearish market in the coming months,’ Mohsen Qamsari, head of international affairs of the National Iranian Oil Company (NIOC),…
