Iran, Bulgaria ink cooperation agreements

Iranian and Bulgarian officials inked three agreements on cooperation here on Monday. The inking ceremony was held in the presence of Iran’s First Vice-President Eshaq Jahangiri and visiting Bulgarian Prime Minister Boyko Borissov. Technology and communications, joint investment and industry have been the fields of the agreements. Borissov, heading a…

Iran, Guinea Conakry to boost cooperation in mining sector

Iran to discuss re-activation of its bauxite mine in Guinea -Conakry after a 23-year delay in the project during the Sunday visit by the African country’s minister of Mines and Geology to Tehran. Abdoulaye Magassouba is expected to arrive in Iran tomorrow to hold talks with Iranian officials on development…

German DIH holding to make joint venture investment in Kurdestan province

A German delegation from DIH holding company voiced readiness on Saturday to invest in construction projects in Kurdestan province. The German delegation accompanied by some officials at Iran-Germany Chamber of Commerce met with the Governor General of Kurdestan province Abdol-Mohammad Zahedi and Majlis Reprehensive from Sanandaj, Divandareh and Kamyaran Mehdi…

Iran Central Bank chief to visit Germany next week

Iran Central Bank governor is expected to visit his German counterpart next week in a bid to enhance banking ties between Tehran and Berlin. Valiollah Seif will visit Jens Weidmann President of the Deutsche Bundesbank in Frankfurt to investigate possible ways for deepening ties between Iran and Germany especially in…

Italy’s 150-member trade delegation will visit Iran next week

A 150-member economic and trade delegation from Italy comprising 120 active companies in different fields will pay a visit to Tehran next week. The Italian delegation will come from Italy’s Marche province which located in the central part of Italy. Italy has been Iran’s first trade partner in not remote…

German-Spanish firm to build solar power plant in western of Iran

A German-Spanish company said on Monday that it is willing to make joint venture investment to build solar power plant to produce some 50 megawatts electricity in partnership with Bakhtar Electricity of Iran. Bakhtar District Electricity Company (BDEC) will be responsible to generate, transfer and distribute electricity in three provinces…

Tehran Stock Exchange admitted to World Federation of Exchanges

Managing-Director of Tehran Stock Exchange (TSE) Hassan Qalibaf Asl said on Sunday that TSE has been admitted a member of the World Federation of Exchanges (WFE). Qalibaf Asl said that the WFE agreed with TSE’s membership request in light of implementation of Iran nuclear deal reached between Iran and the…

Russian president urges Iran’s greater cooperation with Eurasia

Russian President Vladimir Putin for the second time in the current month has called for Iran’s cooperation with the Eurasia economic union in a bid to reach a common and big Eurasian horizon. “Russia wants Iran to have vast trade-economic partnership in Eurasia atmosphere in the near future,” President Putin…

Indian firms to invest $235m in Chabahar port

Managing Director of Ports and Maritime Organization said that the capacity of Chabahar port will increase from 2 million tons to 8 million tons after Indian firms’ $235-million investment. Mohammad Saeed Nejad told IRNA on Tuesday that Indian firms are to invest $85m in build–operate–transfer type (BOT) and $150m in…

Sanctions on Bank Melli in Hong Kong lifted

Deputy governor for currency affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch have been lifted since June 24 and the branch will soon resume its activities there. Hong Kong Monetary Authority lifted restrictions on BMI in Honk Kong, Gholam Reza Panahi made…