Iran anticipated to attract $7b FDI by mid-March
Iran would attract $7 billion worth of foreign direct investment (FDI) by the end of the current Iranian calendar year (March 19, 2016), said Mohammad Khazaei, the Iranian deputy minister of economy. Khazaei said industry, agriculture, transportation and tourism are the main sectors to attract foreign investment, FNA reported on…
Spokesman says US freed $100 billion of Iran assets
Spokesman of the US State Department John Kirby said 100 billion dollar worth of Tehran’s assets have been freed so far. According the State Department website, he said there is no difference in the figures announced by the two ministries of treasury and state regarding the figure. Commenting on the…
Linde, Mitsui offer $4b investment in Iran petchem projects
German-based company, Linde AG, in collaboration with Japanese company, Mitsui & Co., are planning to invest $4 billion in a number of Iran’s petrochemical projects, said Marzieh Shahdaie, the director for projects at the National Petrochemical Company (NPC). “Linde AG and Mitsui & Co. were among the companies which had…
Iran, Thailand sign six cooperation documents
The Islamic Republic of Iran and the Kingdom of Thailand on Tuesday signed six cooperation documents on developing comprehensive economic cooperation in post-sanctions era. The new cooperation documents were signed at Tehran’s Saadabad Cultural Complex between Vice President for Executive Affairs Mohammad Shariatmadari and Thai Deputy Prime Minister Somkit Jatosi…
Iran signs agreement with biggest EU pharmaceutical Co.
Ministry of Health, Treatment and Medical Education signed a memorandum of understanding (MoU) with Sanofi Company, EU’s biggest pharmaceutical firm during President Rouhani’s visit to France. Head of Board of Directors of Sanofi, Venberg said at the signing ceremony attended by President Rouhani and Foreign Minister Zarif and Minister of…
Minister: Iranian, foreign operators to receive licenses
Iranian Minister of Communications and Information Technology Mahmoud Vaezi said a number of foreign companies are keen to operate inside Iran. He said these countries will receive licenses as virtual operators if they are approved for work in Iran. Virtual operators are the ones which lack physical apparatus for dispatching…
Nine Iranian banks to join SWIFT on Monday: CBI governor
Governor of the Central Bank of Iran Valiollah Seif said on Sunday that nine Iranian banks are to join the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Monday. As declared prior to the visit to Italy, SWIFT can start operation on Sunday, he said adding that ‘I would like…
Transfer of technology, provision of markets for Iranians firms
Minister of Information and Communications Technology said on Sunday that the preconditions for the presence of foreign companies presence in Iran include transfer of technology and provision of export markets in their own countries, or third countries. Mahmud Vaezi added in a meeting with the press on the sidelines of…
Tehran Stock Exchange sets new record
Tehran Stock Exchange (TSE) main index, TEPIX, has registered a new record on Monday. The TSE’s ongoing surge continued on Monday as the TEPIX jumped more than 1,793 units , standing at 72,912 in the early morning hours. In the wake of the imminent implementation of a recent nuclear deal…
