Oil prices may fall further this year: IEA
The International Energy Agency says oil prices may fall further this year due to low demand, warm winter weather and an oversupply of crude. The organization advises countries on energy policy. It said in its monthly report Tuesday that excess global supply may reach 1.5 million barrels per day during…
WEF founder confers with Iranian foreign minister
Founder and Executive Director of World Economic Forum Klaus Schwab conferred with Foreign Minister Mohammad Javad Zarif and Iranian delegation in Davos, Switzerland, on Thursday. Schwab presented a brief report on this round of talks in Davos. IRNA reporter in Davos said that head of Presidential Office Mohammad Nahavandian was…
World’s biggest bank requests to set up branches in Iran
A top banking official in Tehran said on Thursday that the Industrial and Commercial Bank of China (ICBC) – the world’s largest bank by total assets – has request to open branches in Iran. Hossein Yaqoubi Miab, the director for the international affairs of the Central Bank of Iran (CBI),…
China, Middle East to revitalize ancient Silk Road
Occupying a crucial geographic location, the Middle East has shouldered the responsibility of connecting the East and the West since ancient times. It witnessed the birth of the world’s most long-standing civilization, the first city and the oldest legal code on the planet. Given the accessibility to surrounding areas, local…
Iran urges India to finalize Chahbahar investment: Envoy
Iran’s Ambassador to New Delhi has criticized India’s delay in carrying out the major projects, urging the Indian side to make its decisions for investment in the projects such as development of Chahbahar port. ‘India’s private sector is deeply interested in investing in Chahbahar, but the government of this country…
Suzuki says eager to return to Iran
Japan’s Suzuki Motor Corporation said on Thursday that it is considering re-entering the Iranian market after the recent removal of the economic sanctions on the country. “We signed a licensing deal with Iran Khodro Industrial Group for local production in 2005. With the recent easing of sanctions, we’d like to…
Oil prices should adjust as Iran returns to market: FM
Iran believes oil prices should ‘adjust’ after its output returns to the energy market following the lifting of sanctions, Foreign Minister Javad Zarif said on Thursday. ‘I believe we have a share in the market which was removed from us. Now we have to return our share and the market…
Iran, France cooperate on pharmaceutical industry
Managing Director of French Pharmaceutical Companies Association (LEEM) Pierre Sarute said on Wednesday that Tehran and Paris have already begun cooperation on pharmaceutical industry. Pierre Sarute said that Iran and France enjoyed satisfactory relations over the past two years in light of their sustainable beneficial ties in remote past. He…
Iran aims to attract 20mn Russian tourists
Iran aims to attract 20 million Russian tourists, head of tourism commission of Iran Chamber of Commerce Ahmad Asghari said on Wednesday. In a conference in Sari, the capital city of northern province of Mazandaran, Ahmad Asghari, said that Iran Chamber of Commerce has begun negotiations for attracting tourists from…
