TEHRAN- Iran’s exports to Europe grew 122 percent in October, in comparison with the same month in 2016, European Union’s statistics agency Eurostat reported. The figure reached €986 million in October from its previous €443 million in the same period in 2016. Iran-Europe trade in the named month increased by 54 percent and stood at […]

TEHRAN- Iran tries to push down its inflation rate to below five percent within the next few years, Central Bank of Iran (CBI) Deputy Governor Akbar Komijani announced addressing SEANZA’s meeting of central bank governors in Tehran. “Iran could manage to reach a single-digit inflation in 2016, which was unprecedented during the past 25 years”, […]

TEHRAN – Jordan Chamber of Industry’s Chairman Adnan Abo Al-Ragheb said his country welcomes Iranian trade delegations to explore areas of economic cooperation. Speaking in a meeting with Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie in Tehran, the official suggested the two countries sign a memorandum of understanding for […]

German carrier Lufthansa hopes to win EU approval Thursday to snap up a slice of bankrupt Air Berlin’s operations, after competition concerns forced it to scale back its bid for the homegrown rival. Responding to signals that the European Commission was likely to veto its ambitious plans, the German behemoth last week ditched its bid […]

The International Monetary Fund on Wednesday approved the third installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to just over $6 billion. The IMF board approved the latest $2 billion disbursement under the deal signed in November 2016, after a fund team last month praised Cairo’s progress on […]

Britain’s markets watchdog will step up its scrutiny of the initial coin offering (ICO) market to see if new rules are needed to protect investors after issuing an alert in September. Start-ups have begun issuing new digital currencies via ICOs and the market has raised about 3.7 billion pounds this year according to an industry […]

TEHRAN – Iran and Czech Republic signed an agreement to encourage and support mutual investment. According to Shada news agency, the document was signed by Czech Deputy Finance Minister Ondrej Landa and Deputy Finance Minister of Iran Mohammad Khazaie in Tehran on Monday. Iranian Finance Minister Masoud Karbasian also attended the signing ceremony. After signing […]

TEHRAN – Tony Walker of Serica Energy says that his company is posed to have more interaction with Iran after the successful venture of the North Sea, Rhum Gas Field. Tony Walker, the CEO of Serica Energy plc, a UK-based oil and gas company, says that if the project in Rhum Gas Field in North […]

A 34 million euro contract for engineering of polypropylene production from natural gas was signed between Ardebil Petrochemical Company and Italy’s Techint Engineering & Construction. Under the contract signed on Tuesday, Italy’s Techint Engineering & Construction is tasked to determine a licensor for a 500,000-ton unit within 18 months and to estimate the final cost of constructing the main […]

Seyed Reza Aghazadeh, Iran’s commercial attaché in China, said several advantages of foreign investment in Iran had been examined at the international Silk Road summit held last week in Beijing. The two-day Belt and Road Forum for International Cooperation closed last Monday in Beijing, with Chinese President Xi Jinping declaring the event a success and […]