Iran, Japan sign Investment Agreement
Iranian economy minister and Japan’s foreign minister hours ago on Friday evening in an official ceremony sign the Japan-Iran Investment Agreement. Iran’s Minister of Economy and Treasure and Japan’s Foreign Minister Fumio Kishida signed the agreement which reiterates both governments’ agreement to support each other’s investments in the other country….
Iran aims to attract 20mn tourists annually by 2015
Vice-President and Head of Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar said on Thursday that Iran has plans for attracting 20 million tourists annually by the end of its 20-year Vision Plan (2015). Speaking to reporters, Soltanifar said that Iran’s tourism offices will be launched soon in 40 countries….
First Europe bank to open Iran office
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions. RBI is in “intensive talks” with Iranian banks as Tehran is rejoining the international banking system,…
German MKM to invest €1b in Iran’s copper industry
Germany’s copper producing company Mansfelder Kupfer und Messing GmbH (MKM) signed a memorandum of understanding, worth €1 billion, to invest in a number of mineral projects including the ones in downstream copper industries in Iran. The MOU was signed on Tuesday with the National Iranian Copper Industries Company (NICICO), according…
European insurance offices ready for presence in Iran market
Head of the Central Bank of Iran Mohammad-Ebrahim Amin said on Tuesday that European insurance houses are ready to be present in Iranian market. Amin told a press conference on Tuesday that in the post-JCPOA era, cooperation between Iranian and foreign insurance companies will be possible and any decision for…
Austrian company ready for joint automatic transmission production
An Austrian company engaged in making auto parts voiced readiness for joint production of automatic transmission during a conference of the economic activists of Iran and the Austrian state of Steiermark on Wednesday. During the conference hosted by Tehran Chamber of Commerce, Industries, Mines and Agriculture, some 50 economic activists…
Iron, Steel 4th in list of Iranian major exports: ITDO
Iron and steel exports fetched dlrs 763 million over the past nine months, Iran Trade Development Organization said on Wednesday. It said that the steel manufacturers exported 1,6661,000 tons of steel, up by six percent compared to that of the preceding period. Over 1,178,000 tons of crude steel was exported…
Joint venture foreign investment separate from import of goods
Head of the Chamber of Commerce, Industries, Mines and Agriculture of Isfahan Province Abdolvahab Sahlabadi said on Wednesday that joint venture foreign investment is separate from import of goods from other countries. Talking to IRNA, Sahlabadi said that joint venture investment with foreign partners aims to help increase domestic products,…
