German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. “We are reinventing the car,” chief executive Matthias Mueller said after a meeting of the group’s supervisory board. […]

Things are rarely simple in the EU’s complex bureaucracy, but the procedure for choosing new host cities for two London-based regulatory agencies after Brexit is one of its most fiendish inventions yet. European affairs ministers will decide the new locations of the European Medical Agency (EMA) and the European Banking Authority (EBA) in a secret […]

TEHRAN – Bank Sepah of Iran denied a report by an Israeli paper that Germany has imposed a credit ban on its branch in Frankfurt, saying the Iranian bank, by contrast, is enhancing its activities in Germany. In comments on Saturday, head of the international affairs department of Bank Sepah, Amir Hosseini, dismissed reports about […]

After decades of sanctions and taking apart from international lucrative markets, the Islamic republic Iran is now ready to take advantage of these opportunities. Thanks to its rich economic and investment potentials, the majority Iranian industries are full of economic untapped opportunities especially the small-and medium-sized enterprises (SMEs). Regretfully, lack of global promotions on Iranian […]

TEHRAN – Austrian ambassador in Tehran expressed his country’s willingness for increasing the volume of trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday. Stefan Scholz made the remarks in a meeting with Gholam-Hossein Shafeie, head of ICCIMA in Tehran. In the meeting, Shafeie mentioned Iran […]

Since the lifting of the international nuclear related sanctions against Iran after the implementation day of JCPOA in 2016, Iran is again open for business in many areas providing grounds for the boost in bilateral and trade relations between Denmark and Iran. During the years of sanctions, trade and investments in Iran in many fields […]

TEHRAN- “Iran exported $153 million of hand-woven carpets during the first half of the present Iranian calendar year (March 21- September 22, 2017), showing an increase of 13 percent in terms of value,” IRIB new quoted Hamid Kargar, the head of Iran’s National Carpet Center, as saying on Wednesday. Iran’s exports of hand-woven carpets in […]

TEHRAN – Iran has been chosen to host the next meeting of Economic Cooperation Organization (ECO) Council of Heads of Customs Administration (CHCA). The decision was made during the 8th round of the event which was held in Pakistan. In the meeting, Iran presented a technical documentation of Iranian customs’ model of electronic information exchange […]

TEHRAN- According to OPEC’s latest monthly report published on November 13, oil production in Iran stood at 3.823 million barrels per day (bpd) in October, falling 12,000 bpd from 3.835 million bpd in September, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said the country’s oil […]

TEHRAN – President Hassan Rouhani has appointed three new members to the country’s Supreme Council of Spatial Planning, Mehr news agency reported on Tuesday. In a decree, the president appointed Oil Minister Bijan Namdar Zangeneh, Energy Minister Reza Ardakanian and Mining and Trade Minister Mohammad Shariatmadari as new members of the council. Rouhani said he […]