Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of […]

The sales chief of European planemaker Airbus predicted delivery of the remaining jets to Iran could take longer to complete than what was planned under a deal worth $10 billion signed in 2016. “I think those deals will get fulfilled, maybe not on the original schedule,” Airbus sales chief John Leahy told Reuters in an […]

TEHRAN – Iranian deputy minister of petroleum said that according to Iran, Oman negotiations, it is upon Iran to provide the necessary infrastructures for exporting gas from Iran to Oman through undersea pipelines plus exporting gas to Oman by land. Hamidreza Araghi discussed the development of the project on gas export from Iran to Oman […]

TEHRAN – Agricultural Manager of Dayyer, Bushehr province Isa Mohammad-Doost said Sunday that quality tomato harvested from Dayyer, Bushehr province will be exported to neighboring Qatar. He added that “for the first time, export of quality tomato kicked off from this sub-province to Qatar.” Given the above issue, tomato was exporting to the neighboring countries […]

Iran has announced an increase of 13 percent in truck transit activities through its territory in what could be a sign of the significance of the country’s location in regional trade.    Iran’s Customs Administration in a statement said about 542,000 trucks had crossed the country’s border checkpoints points over a period of nine months […]

Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago. “We finished 2017 with the best performance ever for Volkswagen,” Herbert Diess, chairman of the board of management of the Volkswagen passenger cars brand, said Sunday […]

Deputy Minister of Energy for International Affairs Alireza Daemi said about 60 percent of European Union’s investment in the Islamic Republic of Iran belongs to Germany. Daemi made the remark on late Sunday in a meeting with the chairman and members of Investment Association of German Companies in Middle East and North Africa (MENA). He […]

TEHRAN — Tehran Municipality has announced plans to renovate 17,000 taxis for the next Iranian calendar year starting on March 21, Tasnim news agency reported on Friday. As per the plan, taxis aging over 10 years should be scrapped aiming to stimulate the automobile industry and remove inefficient, high emissions vehicles from the road. Shahriar […]

TEHRAN – In a bid to ease the travel of pilgrims and expand transportation cooperation, Iran and Iraq signed an air transportation agreement on Saturday. The Civil Aviation Organization of Islamic Republic of Iran (CAOIRI) announced that an air transportation agreement was signed by Iraq’s Transport Minister Kazem Finjan and Iranian Deputy Road Minister and […]

TEHRAN- Private sector accounts for generating 60 percent of electricity in Iran, Energy Minister Hamid Chitchian announced on Saturday. The minister also mentioned foreign countries’ interest in Iran’s power sector and said several power plants have been already built in the country through foreign investment. Iran’s nominal electricity generation capacity is 77,068 megawatts (MW) at present […]