Iran to sign first new oil contracts with domestic firm: report
The National Iranian Oil Company (NIOC) will sign the first of its new oil and gas contracts (IPCs) with a domestic firm on Tuesday, the managing director of the state-run company was quoted as saying by Fars news agency on Monday. “Tomorrow NIOC will sign a contract with Setad Ejraye…
Tehran, Paris stress expansion of trade, industrial ties
TEHRAN- Iranian Minister of Industry, Mining and Trade Mohammadreza Nematzadeh and French Minister of Finance Michel Sapin in a meeting on Saturday emphasized expansion of trade and industrial relations between the two countries, Shata news reported. In the meeting, which was held in the French capital following Iranian minister’s visit to…
Iran-Germany business commission to meet on Monday
German Economy Minister Sigmar Gabriel, leading a 100-member delegation, will attend Iran-Germany business commission in Tehran on Monday and he also plans to take part in some meetings to be held in the building of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Shana reported on Saturday. The German…
Russian banks race to front of queue to enter Iran’s banking sector
Russian banks are striving to be the first in line after the partial lifting of sanctions against Iran, Russian newspaper Izvestiya reported on Wednesday. In January the U.S. and EU announced the lifting of all economic and financial sanctions against the Islamic Republic associated with its nuclear program, enabling Tehran to access previously frozen assets, use international financial messaging services…
Three Iranian banks to open branches in Munich
Three Iranian banks have told Bavaria’s economy minister that they plan to open branches in Munich to help stimulate more business ties with German firms, the Muenchner Merkur newspaper reported on Sunday. Middle East Bank, Parsian Bank and Sina Bank have received approval from Iran’s central bank to set up…
Iran’s finance ministry, Exim Bank of China sign MOU
TEHRAN – The Iranian finance ministry and the Export-Import Bank of China (Exim Bank) inked a memorandum of understanding on financing economic and infrastructure projects and expanding bilateral cooperation as well. The penned accord embraces roads, ports, transportation, power plants, telecommunications, industrial estates, oil and gas, healthcare, agriculture and tourism…
S. Korea opens center to support trade, investment in Iran
South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry said. Located in southern Seoul, the center will provide information…
Italy to invest $450m in biofuel project in Iran
The Italian private sector will invest $450 million in the establishment of a bioethanol fuel production plant in the Amirabad Special Economic Zone (ASEZ), north of Iran. An agreement has already been signed with the foreign investor and it will be finalized into a contract in the near future, IRNA…
Iran welcomes Turkey’s investors in renewables
Bilateral renewable energy trade between Turkey and Iran is welcome to benefit both and other countries in the region, according to Iranian deputy energy minister. Houshang Falahatian told Anadolu Agency Monday in an exclusive interview that after sanctions were lifted against Iran, the country has drawn a lot of interest…
