South Korean manager: Iran capable of developing auto industry

Lee Myeong-jin, a senior official with the South Korean company Hyundai Dymos said on Tuesday Iran boasts the required raw material for auto industry and therefore is capable of developing the industry. Speaking to IRNA on the sidelines of an exclusive South Korean exhibition in Tehran, Lee said that his…

Iran, India, Afghanistan sign Chabahar agreement

Iran, India and Afghanistan on Monday signed an agreement on establishment of an international corridor between the three countries – known as Chabahar agreement. The agreement was signed in Tehran in the presence of heads of state of the three countries. In a joint press conference with Indian Prime Minister…

Italy’s Lombardy region ready to make investment in Iran

A Italian official said here on Friday that companies in the Lombardy region are keen to invest on Iran’s health and transport infrastructure sectors. Speaking to IRNA, Deputy Vice Governor of the Lombardy region Fabrizio Sala, who is visiting Iran as a member of the European House-Ambrosetti delegation, said that…

Spokesman: Iran attracts $3.48b foreign investment

Government spokesman Mohammad-Baqer Nobakht said in this northern province on Saturday Iran has attracted $3.4 81billion foreign investment after the Joint Comprehensive Plan of Action (JCPOA) inked between Tehran and P5+1. Speaking in a local gathering in Sari, Nobakht stressed that the investments have been made in 41 projects nationwide….

Iran minister, Singapore company in talks on foreign investment

Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei who is visiting Singapore has discussed ways of absorbing foreign investment with top officials of a Singapore-based asset management company. During the meeting with Rabiei on Wednesday, officials of Oclaner Asset Management Ltd. said that their company is able to…

Iran calls for cooperation with China on tourism

Vice President Masoud Soltanifar on Wednesday, referring to the historical-cultural ties between Iran and China, called for stronger tourism ties between the two countries. Chief of the Cultural Heritage, Handicrafts and Tourism Organization made the remarks at an Iran-China tourism conference in the Chinese capital. Getting familiar with Iranian civilization…

Iran, Turkey to cooperate on water treatment, management

Energy Minister Hamid Chitchian met with Turkey’s Minister of Forest and Water Management Veysel Eroglu on Tuesday on the sidelines of OIC ministers meeting. Chitchian elaborated on the water shortages in the Muslim World geography, calling for bilateral and multilateral cooperation of Organization of Islamic Cooperation (OIC) members in this…

Norwegian envoy calls for developing economic ties with Iran

In a meeting with Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaei, Norwegian ambassador to Iran called for developing economic cooperation and removing obstacles. Norheim Aud Lise expressed Norwegian private and state sectors’ interest in investing in Iran. Describing the situation…

President: Iran is a trustworthy partner to international community

President Hassan Rouhani said on Sunday that the Islamic Republic of Iran is a trustworthy partner to the international community. The president made the remarks in a meeting with ambassadors and heads of Iranian representative offices abroad. President Rouhani said that the diplomatic organ (Foreign Ministry) is tasked with diplomatic…

Saipa, Citroen to conclude contract after finalization of talks

Deputy Minister of Industries, Mines and Trade for Industries Affairs, Mohsen Salehinia, said on Sunday that Saipa and French Citroen are in talks, nearing conclusion of a contract. Talking to IRNA, Salehinia said the two sides have in their talks even ascertained the amount of joint venture investment and the…