Call for expansion of Iran airlines in post sanction era

Minister of Roads and Urban Development Abbas Akhundi here on Saturday urged Iranian airlines to expand their fleet during post sanction era. Akhundi made the remarks in a meeting attended by several Iranian officials of aviation industry. He also expressed hope that after implementation of the Joint Comprehensive Plan of…

Iran, Germany ink deal to boost agricultural cooperation

High-Ranking officials from Iran and Germany signed a memorandum of understanding (MoU) to develop cooperation between the two countries in various areas of agriculture. In a meeting in the German capital of Berlin on Saturday, Iranian Agricultural Jihad Minister Mahmoud Hojjati and German Agriculture Minister Christian Schmidt signed the MoU…

BMI, Int’l Persia Bank to resume activities in Britain

The London-based daily Times in its Monday edition wrote that Bank Melli of Iran (BMI) and International Persia Bank have been issued license from the Bank of England in post-JCPOA era and will soon begin banking functions. The BMI and the International Persia Bank are now negotiating with the HM…

China is Iran’s strategic partner: Minister

Minister of Economic Affairs and Finance Ali Tayyebnia said China is not only a normal trade partner of Iran but also Iran’s strategic partner. Tayyebnia made the remarks during an exclusive interview with the China Central Television (CCTV). The state visit to Iran by Chinese President Xi Jinping was a…

Iran, Airbus to start talks on new passenger jets

Airbus confirmed on Monday that it was poised to begin negotiations with Iran for the sale of dozens of new commercial aircraft. The New York Times reported from London that the deal is part of a raft of international business that is expected to flow toward Tehran since economic sanctions…

Tehran, Athens to sign energy MOU during Greek PM’s Iran visit

Deputy Petroleum Minister for International and Commercial Affairs Amir-Hossein Zamani-nia said that Iran and Greece will sign an energy memorandum of understanding (MOU) during Greek Prime Minister Alexis Tsipras’ next month visit to Iran. Announcing a two-day visit of a delegation of the Iranian Petroleum Ministry’s delegation to Greece, Zamani-nia…

Taiwan to increase oil imports from Iran

Taiwan’s refiners will increase crude imports from Iran this year, paving the way for the sanctions-hit OPEC producer to regain its market share in Asia, company spokesmen said on Monday. The companies are likely to be among the first in Asia to restart trade relations with Iran after the lifting…

Bank Mellat opens European accounts to collect oil dues

Bank Mellat of Iran took initiative to open accounts with the European banks in order to collect overdue payments of the National Iranian Oil Company (NIOC) worth 1.2 billion euros. It has also opened other accounts with foreign agent banks in Europe and Asia in a bid to facilitate receipt…

‘Iran is back in business’

According to New Yorker newspaper, the Islamic Republic of Iran is back in business in a mere ten days. On Saturday, the Islamic Republic welcomed Chinese President Xi Jinping — along with a delegation of three deputy premiers, six cabinet ministers, and a planeload of business executives — with much…

Malaysia’s budget Air Asia to fly to Tehran

Air Asia, the Malaysian low cost airline, announced on Monday that it is planning to start scheduled flights to Tehran. Air Asia has announced that it is likely to operate two flights per week from its operating base at Kuala Lumpur to Tehran. Air Asia was a pioneer of low-cost…