Pak min. assures businessmen to pave way for trade with Iran
Pakistan Minister for Commerce Khurram Dastgir Khan has assured businessmen to resolve issues related to Iranian market on priority basis and pave the way for enhanced trade with Iran. The minister gave the assurance during a meeting with the chairman of Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association…
Korean corporation invests $70m in Iran
Korean Chemical Corporation Teekay which produces spandex fiber has invested $70m in Iran. The company said the new investment increases production which could be sold in Iran and Middle East markets. The corporation announced that construction of spandex factory will start soon and it is expected to open in 2019….
Iran’s SWIFT problems settled: Senior banking official
A senior banking official said in this holy city in central Iran that SWIFT problems have been settled between the Iranian and foreign banks, it was announced on Wednesday. Chairman of the Coordination Council of state-owned banks Abdolnaser Hemmati made the remarks in a press conference after his meeting with…
Iran calls for foreign, domestic investment in oil, gas industry
Iran encourages foreign and domestic investments in oil and gas industry, the Managing Director of Iran’s Petrochemical Industry Investment Company (PIIC Group) Fereidoun Fadaei Dolat said on Friday. Speaking to IRNA, he said that after removal of sanctions, Iran has prepared the ground for joint venture investments of the European…
Industry minister pledges helping Iranian investors in Belarus
Iranian Minister of Industry, Mines and Trade in the second day of his visit to Belarus visited several joint projects and promised the Iranian investors residing in Belarus that the Iranian government will support their activities. The Iranian industry minister underlined the need for broadening of relations between Tehran and…
Iran, China aluminum firms sign $2bn joint venture investment deal
Iran Aluminum Company (IRALCO) and Chinese CRIC company signed an agreement for joint venture investment to the tune of two billion dollars. The contract was signed by IRALCO Managing Director Majid Pourattar and International Relations Director of CRIC Company of China Hu Hai. Pourattar said the the joint venture investment…
Seoul seeking sustainable trade ties with Iran
Chairman of South Korea’s international company ‘TYM’ said his country is seeking sustainable trade relations as well as investment in Iran. Speaking to IRNA Tuesday on the sidelines of Iran-South Korea trade meeting, Hi Yong Kim said it takes time to achieve that end but it will happen in future….
Iran, South Korea sign MoU on manufacture of industrial gas equipment
Iran’s National Gas Company and SKTELECOM of South Korea signed a memorandum of understanding on Monday to broaden cooperation for manufacture of gas equipment. Iranian ministry of petroleum signed a huge deal with South Korean oil ministry and companies affiliated to the Iranian ministry in separate meetings singed different deals…
Grounds for attracting investment prepared: President
Today, the conditions and grounds have been prepared for attracting (foreign) investment, President Hassan Rouhani said. Today, the world leaders who travel to Iran are accompanied by delegations consisting of representatives from tens of important economic companies, President Rouhani wrote on his picture-sharing app Instagram. He made the remarks while…
Tehran, Seoul to ink MoUs on oil, gas, petrochemical cooperation
Tehran and Seoul will sign a comprehensive memorandum of understanding (MoU) to boost oil exports and invest in LNG, refinery and petrochemical industry during South Korean president’s visit to Iran. President Park Geun-hye arrived in Tehran Sunday for first time to open new chapter in the two countries’ economic cooperation,…
