Russia sees possibilities for Russia-Iran cooperation in energy, agriculture, defense

Removing sanctions against Iran can contribute to the development of the Russian-Iranian cooperation in a number of areas, including energy, agriculture and the military-industrial complex, an official with Russia’s Central Bank told TASS. ‘Lifting the sanctions against Iran, on the one hand, it may contribute to the development of Russian-Iranian…

Canada signals openness to restoring Iran diplomatic ties

Canadian Prime Minister Justin Trudeau expressed an openness to restoring diplomatic ties with Iran, four years after Canada closed its embassy in Tehran, reports said. Such a move would be a reversal of the foreign policy set by the previous Tory administration, which had vowed to keep its sanctions regime…

Kuwaiti banks ready for cooperation with Iran in post-sanction era

Kuwaiti banks and businesses are ready for resuming cooperation with Iranian banks, Kuwaiti daily al-Rai said on Tuesday. The daily wrote that resumption of banking operation with Iran does not need a go-ahead of Kuwait Central Bank following cancellation of US and European sanctions. It said that Iran was under…

First European country resumes buying Iranian oil

Greece has reached an agreement with top officials from Iranian Petroleum Ministry to become the first European country to resume oil imports from Iran. Under the terms of the agreement, Greece will buy 25% of its oil needs from Iran. The agreement was signed on Friday by Deputy Petroleum Minister…

Maku, gateway to foreign capital transfer to Iran

Iran’s Consul General in Trabzon, Turkey, Reza Baghban-Kondori said that Iran’s Maku City, benefitting from being the region’s largest free trade and industrial zone, can become the gateway to foreign capital’s entry into Iran. The Iranian diplomat made the comments during a one-day visit of the Maku Free Zone (MFZ)…

Lifting of sanctions paves way for broader ties with Hungary

Economic Attaché of Iranian Embassy in Budapest said on Saturday Hungarian officials believe that lifting of sanctions on Iran paved way for comprehensive cooperation between the two countries. Esmaeil Ebrahimzadeh said in an interview with IRNA in Belgrade that frequenting of the two countries’ officials had begun before the implementation…

Iran, US hold talks on direct flights

Farhad Parvaresh, Chairman and Managing Director of Iran Air, referred to the resumption of refueling at airports in Western Europe following the lifting of international sanctions. He maintained “previously, Iran Air was forced to load enough fuel to cover the outbound as well as part of the inbound sector of…

Foreign companies invited to invest in Iran aviation industry

Minister of Roads and Urban Development Abbas Akhundi invited all foreign investors, except the companies affiliated to the Zionist regime, to make investment in Iran’s aviation industry. Akhundi made the remarks in the Iran Aviation Summit 2016 currently underway in Tehran. He added that Iran is located in a strategic…

Official: Iran, Poland need to set up joint trade data bank

Iran, Poland need to set up joint trade data bank Karaj, Jan 24, IRNA – Iran and Poland need to set up joint trade data bank to promote trade and commercial cooperation, head of Chamber of Commerce, Industry, Mines and Agriculture of Alborz Province Rahim Bana-Moulaei said on Sunday. He…

World Economic Forum wraps up in Davos with oil prices, Iran in limelight

The 46th World Economic Forum (WEF) has wrapped up in the Swiss ski resort of Davos. Some 2,500 participants from some 100 countries, including the leaders of 40 states, gathered in Davos to discuss the most urgent international issues, including falling oil prices, anti-Russia sanctions and the prospect of Iran’s…