Italy signs EU’s biggest ever credit deal with Iran
Iran and Italy have signed a major framework credit agreement worth €5 billion which Tehran says is the biggest ever such agreement signed with a European country. Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects…
Iran banks seal deal to get ‘unlimited funds’ from Russia
Iran banks seal deal to get ‘unlimited funds’ from Russia Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country. Iran says four of its banks have signed an agreement with the…
Iran begins production of new car with France’s Peugeot
Iran begins production of new car with France’s Peugeot A Dena Plus rolls off the production line which opened on Dec. 16, 2017. Iran Khodro (IKCO) has opened a production line for two new car models, including one jointly produced by France’s Peugeot SPA. The first Peugeot 207 and…
Iran: €3 billion credit line by Siemens on the way
German industrial group Siemens is about to undertake financing rail and power plant projects worth 3 billion euros in Iran, a senior Iranian official says. “On a trip to Germany, we had discussions about Siemens’ participation in Iran’s railway and power plant projects,” Deputy Minister of Road and Urban Development for…
Renault, IDRO deal historical: Senior French official
Senior Renault official called the contract with Industrial Development and Renovation Organization of Iran (IDRO) and Partov Negin Naseh a remarkable deal in one of the most strategic countries of the world. Executive Vice President and Chief Competitive Officer in Renault Group Thierry Bolloré elaborated the details of contract in…
Iranian, German carmakers to jointly produce cars
Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future. Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have…
Turk investors pay for 5,000 megawatts electricity generation in Iran
Director for monitoring group on investment contracts of Thermal Electric Generation Specialized Company Jamshid Sajdei said on Thursday that contracts to generate 5,000 megawatts electricity have been convened with investors and companies from Turkey. He made the remarks on the sidelines of foreign investment meeting of Yazd Investment Services Center….
Total returns with 4.8-billion-dollar investment to Iran
Countdown to the signing of the $4.8 billion oil contract between Iran and the international consortium led by Total has started. Being the first to be signed in the new format of Iran’s oil contracts which lead to technology transfer to Iran, the Total deal is considered a turning-point to…
IDB to finance 125m euro loan for Tehran WWTP project
Deputy Head of Tehran Sewage Treatment Company for Engineering and Development Affairs Farhad Jalali Amin says Islamic Development Bank will meet 125 million euro of the credit needed for Tehran sewage treatment projects. Jalali Amin further told reporters that the credit will be spent on the project for establishment of…
