Foreign investors to develop IKIA
Abbas Ahmad Akhoundi, Iranian Minister of Roads and Urban Development, said at a press conference on Sunday morning that “one foreign company has expressed willingness to undertake expansion of IKIA while more details will be announced upon signing of a contract.” Referring to the country’s aircraft demand, Akhoundi asserted “we…
Iran Aviation Summit 2016 opens in Tehran
Iran Aviation Summit 2016 dubbed ‘Iran 2016’ opened here on Sunday in the presence of several representatives from 35 countries. Over 160 representatives from 85 companies in the fields of manufacturing airplanes, planes spare parts, and navigation equipment are attending the two-day gathering. This will be the first major international…
Iran’s medical exports to show 3-fold increase in 3 years
Head of Food and Drug Organization, Rasoul Dinarvand said within the next three years, medical exports will have a 3-fold rise while the price of imported items won’t go higher. Dinarvand said that less than $200m medicines are exported now and the amount of imported ones is $1.25b. It is…
Iran, China relations beyond simple economic ties: Dy Minister
Deputy Economic and Finance Minister Mohammad Khazaei said that Iran and China ties are beyond simple bilateral economic levels and that during post–sanctions era all opportunities should be used for expansion of relations. He underlined Tehran and Beijing intension for bilateral relations development and said that in the meeting of…
Isfahan to export agricultural, animal husbandry products to Russia
Animal Husbandry Improvement Deputy of Isfahan Agricultural Jihad Office in a meeting with Russian Consul General reached agreement for exports of Isfahan agricultural and animal husbandry products to Russia. Amir-Hossein Afyuni told IRNA on the sidelines of the 14th International Isfahan Cattle, Poultry and Veterinary Exhibition that the negotiations on…
Friend in deed: Iran ready for across-the-board cooperation with Russia
Iranian companies want to expand their presence in Russia’s construction, oil and consumer market, a senior Iranian trade and planning official told Sputnik in Moscow. Mina Mehrnoush, the head of planning at the Organization for Trade Development in Iran, who leads an Iranian delegation on a visit to Moscow, said…
Russia’s Basel Aero to launch Iran flights: report
Russia’s Basel Aero company plans new flights to Iran in the near future following the removal of anti-Tehran sanctions, a report said. Basel Aero will launch flights from Sochi, a Black Sea resort in southern Russia, to several Iranian cities in July, Basel Aero said in statement on Friday. “For…
10 new planes to be added to Iran’s air fleet in weeks: Official
An Iranian aviation official said the country plans to import 10 new passenger planes to add them to its air fleet by the end of the current Iranian year (March 19, 2016). Speaking to reporters on Saturday, Mohammad Khodakarami, deputy head of Iran’s Civil Aviation Organization (CAO), highlighted the increasing…
Iran signs oil deal with European refiner as sanctions end
Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producer’s first such deal with a European company since the removal of sanctions this month. Deliveries will begin immediately, Hellenic Petroleum said in an e-mailed statement on…
Switzerland releases Iran’s frozen cash
Switzerland freed up money from Iran that was frozen in Swiss bank accounts after sanctions imposed against the Islamic Republic were lifted. A sum of $11.8 million had been stopped from leaving Switzerland after being frozen between 2007 and 2012, as part of a sanctions programme against Iran to attempt…
