Siemens urges long-term cooperation with Iran
New deal between German industrial group Siemens and Iranian power and infrastructure group Mapna can serve as a good example for economic cooperation and both sides can use each other’s experience and knowledge, said member of Managing Board of Siemens, Siegfried Russwurm. Addressing a ceremony attended by Energy Minister Hamid…
Tehran hosts Iran-Turkey capital market forum
The first Iran-Turkey Capital Markets Forum, aimed at increasing cooperation between Borsa İstanbul and Tehran Stock Exchange, was organized on February 29 in Tehran. In line with the Memorandum of Understanding (MoU) signed between Borsa İstanbul and Tehran Stock Exchange (TSE) on October 26, 2015, first steps were taken towards…
Siemens signs energy deals with Iran’s Mapna Group
German industrial group Siemens signed an energy agreement with Iranian power and infrastructure group Mapna, extending its early re-entry into the country after the lifting of sanctions. Iranian Energy Minister Hamid Chitchian and German Minister of Economic Affairs Sigmar Gabriel witnessed the ceremony. Siemens was the first major German company…
Big Korean companies keen on investment in Iran
Head of South Korean KB Regional Group in UAE Han Hung Son said that big Korean companies are ready for investment in Iran. He made the remarks in a meeting with Iran’s Consul General Ali Reza Bahrami on Wednesday, which took place following a meeting between the two countries’ chief…
Siemens to transfer Class F turbine technology to Iran
A five-year agreement for transferring the technology of Class F turbines, as the first step toward making the expertise indigenous in Iran, will be signed in Berlin on Wednesday. According to MAPNA, one side of the technological deal, the agreement commercially known as the SGT5-4000F will be signed in the…
Turkish investors to undertake Alborz province solar energy project
Alborz province deputy governor general for economic affairs Ebadollah Kamkar said on Tuesday that Turkish investors have undertaken to commission solar energy project in Alborz province. Kamkar said despite the talks made with German investors earlier, Turkish delegation undertook to carry out the project. ‘Given the province’s need fro solar…
$180bn investment in oil industry needed – official says
Deputy Head of the National Iranian Oil Company for investment and financial resources, Ali Kardar said on Tuesday that $100 billion is needed in the upstream sector and 80 billion dollars in the downstream sector in order for development of oil industry in the 6th Five-Year Economic Development Plan (2016-2021)….
Alborz province enjoys high capacity to attract foreign investment
Director of a big Kuwaiti commercial company Adel Monadi said on Sunday that Karaj and Alborz province enjoy very high economic capacities to attract foreign investment. Speaking to IRNA on the sidelines of a meeting with Governor General of Alborz Province, Monadi said that Kuwaiti business sector is willing to…
IKCO chief calls for investment in car-making industry
Managing director of Iran Khodro Industrial Group Hashem Yekkeh Zare said that given the increase of car production to three million by 2025 and the need for export of one third of the figure, fresh investments should certainly take place in the sector. Talking to reporters on the sidelines of…
Iran inks 3 agreements with Sweden, Turkey, India
The Iranian companies inked three agreements with Sweden, Turkey and India in the fields of auto industry here on Monday. The agreements were inked in the 3rd Iran Automotive Industry international Conference which is currently underway in Tehran. The 3rd Iran Automotive Industry International Conference opened in Tehran on Monday….
