Pistachio market faces return of ‘king of nuts’ from Iran
It is not just the world of oil which is bracing itself for the impact of Iran’s return to the market after the recent lifting of US sanctions. International pistachio traders are watching and wondering how Washington’s move will impact export flows from the Middle East nation, and whether it…
European airlines set to resume flights to Tehran
Several European airlines aim to resume their flights to Iran following a landmark nuclear deal between Tehran and world powers, the Persian daily IRAN reported on Thursday. The newspaper quoted Mohammad Khodakarami, deputy head of Iran’s civil aviation authority, as saying British Airways officials visited Tehran on Tuesday to discuss…
1st Chinese cargo train departs Yi Wang for Iran reviving Silk Road
China’s 1st cargo train left Yi Wang City in China’s Zhejiang province through the revived railroad path that connects China to Middle East on one of ancient Silk Road paths on Thursday. The container-carrying cargo train left the Chinese province in the East side of that ancient country and is…
Iran poised to make billions off country’s vast mineral wealth
Iran is poised to become one of the richest countries in the world — and its potential for profit goes far beyond oil. After years of economic sanctions and international isolation, the Islamic Republic stands to make an estimated $700 billion off its vast deposits of minerals — such as…
Iran, Italian insurer SACE sign 6b euro MoU: CBI governor
Governor of the Central Bank of Iran Valiollah Seif in a meeting with his Italian counterpart Ignazio Visco in Rome on Wednesday said that facilitation of banking agent interaction between the two countries led to signing MoU on increasing insurance coverage of SACE to more than 6 billion euros to…
Iran to export saffron to US after 15 years
Iran plans to export the first shipment of saffron to the US after 15 years following the implementation of nuclear deal, announced Head of Iran’s Saffron Exports Development Fund Tuesday. Mohammad Javad Rezaie, Head of Iran’s Saffron Exports Development Fund evaluated the current saffron market as ‘satisfactory’ and estimated its…
Iran gains access to blocked gas properties
A POGC official said the UAE and the Netherlands have released blocked Iranian gas properties and equipment. Project Director of Phases 17 and 18 at Pars Oil and Gas Company (POGC) Hassan Boyeri referred to the restitution of some blocked Iranian gas equipment in Dubai and Netherlands adding “with the…
Russia will stop lending to all countries but Iran
Russia will not lend to other countries anymore, said Sergei Storchak, the Deputy Minister of Finance Monda, reports Vestifinance.ru. In 2015, Russia allocated 10 loans, including several to countries from the Eurasian Customs Union (Belarus, Kazakhstan, Armenia and Kyrgyzstan). In 2016 there will be no loans to any countries, with…
British scholar: Iran is a world leader in engineering
Zen Makuch, head of department at Imperial College London referred to the importance of scientific exchanges emphasizing that Iran is a world leader in engineering. In an interview with IRNA-London on the sidelines of a water-management symposium, the leading researcher welcomed cooperation with Iranian scholars and research centers as follows:…
CAO: British Airways to resume direct Tehran flights in 2 months
Deputy Aviation and International Affairs Chief of Iran’s Civil Aviation Organization said on Wednesday that British Airways will resume its regular weekly London-Tehran flights in two months. Mohammad Khoda-Karami announced the news quoting the representatives of British Airways as saying so in their previous day’s visit to the CAO. He…
