The executive director of German Machine Tool Manufacturers Association (VDW) Wilfried Schäfer on Monday said that German companies are vehemently interested in continuing activity in Iran’s lucrative market after US pullout from JCPOA. In spite of US pullout from JCPOA (Joint Comprehensive Plan of Action), he emphasized that international community should take decisive steps to […]

Asian investors were cautious on Tuesday as they keep watch on the historic summit between Donald Trump and North Korean leader Kim Jong Un, and await key policy meetings at the Federal Reserve and European Central Bank this week. While the meeting is not expected to see any immediate results, it has provided hope for […]

TEHRAN- Iran’s Trade Promotion Organization (TPO) Head Mojtaba Khosrotaj said the European Union’s endeavors to preserve and continue trade ties with Iran is an obvious sign of defeat for the U.S. that has withdrawn from Iran’s nuclear deal. The official made the remarks in a press conference on Monday, and added that since the U.S. […]

 Iran’s Parliament will be holding an extraordinary session this week to review the contracts on joint ventures between Iranian and French carmakers as the European side has suspended projects to avoid US sanctions. A member of Iranian Parliament’s Committee on Industries and Mines told Mehr News correspondent on Monday that an extraordinary session will be […]

Railway official Hossein Ashouri said Mon. that despite US sanctions, foreign railway companies have officially announced their decision to remain committed to their agreements with Iran. Speaking to reporters on Monday, Vice President of Operation and International Transportation at Railways of Islamic Republic of Iran (RAI), Hossein Ashouri, said he has no concerns over the implementation […]

Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian said, “under a Memorandum of Understanding (MoU) inked between Iran and China, the two countries will use their local currencies in trade exchanges.” Speaking on the sidelines of President Rouhani’s visit to China, he said, “concurrently, a number of four Memoranda of Understanding (MoUs) were […]

A member of Parliament’s Energy Committee said Mon. that Iran would seize Total’s investment revenues if the French company fails to return to the South Pars project before the deadline. Speaking to Mehr News correspondent on Monday, Behrouz Nemati said Total has not yet officially left the South Pars 11 project, adding “as far as […]

TEHRAN- According to the latest data released by the Islamic Republic of Iran Customs Administration (IRICA), during the first two months of the present Iranian calendar year 1397 (March 21- May 21, 2018), Iran’s exports of goods to Italy increased 156.56 percent in comparison with the same time in the preceding year, making the European […]

TEHRAN- Persian Gulf Star Refinery’s first consignment of liquefied petroleum gas (LPG) was traded in Iran Energy Exchange (IRENEX) on Sunday, Shana news agency reported. The 2,000-ton consignment was offered at the price of $585 per ton in the international ring of the physical market of IRENEX. Seyed Ali Hosseini, the managing director of IRENEX, […]

TEHRAN – There is no obstacle to Iran’s full membership in the Shanghai Cooperation Organization (SCO), Iranian Ambassador to Beijing Ali Asqar Khaji has said. Iran has officially applied for membership in the SCO, Khaji told Radio Eghtesand on Sunday, Trend reported. Iran has an observer status in the organization. Describing Russia, China, India and […]