Iran Air, Boeing finalize plane purchase deal
Iran Air has finalized an agreement with Boeing to purchase 80 planes from US aircraft maker. Iran’s flag carrier ‘Iran Air’ says it has signed a much-awaited agreement with US aviation giant Boeing to purchase 80 planes. The agreement envisages the purchase of 50 twinjet narrow-body Boeing 737 planes and…
Italian holding company eyes constructing hotels in Iran
Italian holding company, Sycamore Holdings, has expressed eagerness to invest in hotel construction projects in Iran. Sycamore Holdings is interested to prepare the ground for the Italian companies to invest in Iran’s and especially in Isfahan’s tourism projects as well as hotel design and construction in the historical city, said…
Iran, South Korea finalize contract to buy 10 ships
Iranian Shipping Lines (IRISL) finalized a contract with Hyundai Heavy Industries Company to buy 10 ships worth dlrs 650 million and develop technical cooperation on shipbuilding, the South Korean industry giant, Hyundai, said in a statement on Saturday. Hyundai said that the company wll build several container ships and oil…
Iran, Czech Republic agree to boost economic relations
During the Joint Economic Commission meeting in Prague, the capital of the Czech Republic, Iran and the Czech Republic agreed to boost cooperation in different economic sectors. Both sides signed agreements in petrochemical, economic and industrial fields including bus, train wagons, electrical and diesel locomotives, small planes and helicopter manufacturing….
Iran, Switzerland establishing fresh cooperation in economic areas
Iranian chargé d’affaires in Switzerland Mahdi Abedi assessed the prospects for trade relations between Iran and Switzerland as positive, saying that a new phase of cooperation is being established in both countries’ economic relations. Abedi told IRNA that developing ties with Switzerland is important as the country is regarded as…
Czech National Bank sees no limitations for banking co-op with Iran
Governor of the Czech National Bank (CNB) Jiri Rusnok said on Friday that CNB sees no limitations for banking cooperation with Iran. Speaking during a meeting in Prague with Iranian Minister of Economic Affairs and Finance Ali Tayyebnia, the CNB governor voiced support for the activities of Czech banks and…
Hyundai inks major Iran ship building deals
Iran is expected to get its first Ultra Large Container Vessels (ULCVs) to be built by Hyundai Heavy Industries Company. Iran says it has signed contracts with South Korea’s shipyard Hyundai Heavy Industries Company to build at least eight Ultra Large Container Vessels (ULCVs) as well as medium-range tankers for…
Marriott is first US hotel group to eye Iran
The ruined city of Persepolis, which dates from 515 BC, is one of the world’s finest examples of ancient architecture and is a declared World Heritage site. Marriott International has become the first US hotel group to announce its interest in the Iranian tourism market which is seeing a march…
Iran safest investment market for Japan in Mideast: Zarif
Iran’s Foreign Minister Mohammad Javad Zarif addresses a major economic gathering at Hotel Okura in Tokyo, December 7, 2016. (Photo by IRNA) Visiting Japan, Foreign Minister Mohammad Javad Zarif bills Iran as the “safest” destination for foreign investment in the troubled Middle East, calling on the Japanese businesses to seize the…
Iran ambassador hails breakthrough in Iran-Russia tourism cooperation
Iranian ambassador to Moscow Mehdi Sanaei on Friday appreciated the wide cooperation between Tehran and Moscow in tourism sector. Sanaei, who was speaking in a live interview with Russian radio broadcaster Vesti FM, said the number of tourists in 2015 doubled in comparison to the that a year ago. The…
