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…
President Rouhani meets Airbus, Total CEOs
President Hassan Rouhani held separate meetings with CEOs of the French Total and Airbus companies in Paris on Thursday evening. President Rouhani met Total CEO Patrick Pouyanné and Airbus CEO Fabrice Brégier separately and discussed signing contracts. The Iranian president welcomed the presence of foreign investors in Iran and the…
Iran Khodro, Peugeot of France sign a deal
Iran Khodro car maker from Iran and Peugeot of France signed a deal on Thursday to broaden mutual cooperation on automobile industry in Iran. During the current visit of the Iranian President Hassan Rouhani and his entourage to France, the two sides held various round of talks on signing a…
Marine agreements with Italy’s Fincantieri
Italian shipbuilding group Fincantieri has signed a series of preliminary agreements with leading Iranian companies worth several hundred millions of euros. “Fincantieri has reached a cooperation and development agreement with Azim Gostaresh Hormoz Shipbuilding Industry Company, a new Iranian shipbuilding complex strategically positioned in the Persian Gulf within the Persian…
