TEHRAN – Tehran Mayor Mohammad Ali Najafi highlighted efforts to attract foreign investments to develop the Iranian capital, saying more than 100 mega projects are being planned to be carried out with foreign investments. Najafi said his key vision for Tehran is to bolster exchanges and contacts with leading cities of the world in finance, […]

TEHRAN- Creation of competitive advantage is the key for railway development in Iran, according to Saeed Mohammadzadeh, the managing director of Islamic Republic of Iran Railways (known as RAI). In the general policies of the country, for example for preparing the five-year national development plans, railway has been always the main pivot when it comes […]

TEHRAN- Iran and South Africa signed a document on cooperation in banking, development and investment, biotechnology, nanotechnology, agriculture, transportation, fisheries, beekeeping and shipping, IRNA reported on Monday. The document was signed between Iranian Foreign Minister Mohammad-Javad Zarif and South Africa’s Minister of International Relations and Cooperation Maite Nkoana-Mashabane during the 13th meeting of Iran–South Africa […]

Tehran Stock Exchange (TSE) hosted a conference on Sunday to attract more foreign capital via introducing foreigners to Iranian capital market and making Iranian firms aware of the pre-requisites for attraction of foreign investments such as financial transparency, compliance standards, feasibility studies, business plans, and risk ratings. Titled “Attracting Foreign Capital to Iran (2017)”, the […]

TEHRAN – Rosneft is negotiating with Iran to set up a supply chain to deliver oil from Iran and Central Asia nations to the global markets, Igor Sechin, chief executive of Russia’s oil major, said on Thursday. Rosneft will forge a partnership with China’s CEFC firm in a number of projects including exploration, production, refining, […]

TEHRAN- An Iran- Uzbekistan business forum was held at the Trade Promotion Organization (TPO)’s Morvarid Conference Hall in Tehran on Thursday, TPO portal reported. The so called forum was attended by high ranking officials from both sides including Iranian Deputy Industry Minister and Head of TPO Mojtaba Khosrotaj, Uzbekistan’s Foreign Minister Abdulaziz Kamilov and Foreign Trade Minister Elyor […]

Adopting a harsh new approach last week, Trump struck a blow against the 2015 Iran nuclear agreement- known as the Joint Comprehensive Plan of Action (JCPOA). In defiance of other world powers, he decided not to certify that Tehran is complying with the deal. The act aroused a chorus of criticisms among affiliated European leaders […]

TEHRAN- Iran’s light crude oil price fell 50 cents in the week ended on October 13 to settle at $54.81 per barrel, Shana reported on Saturday. Meanwhile, the country’s heavy crude oil experienced a three-cent rise in the said week to reach $53.30 per barrel. In the mentioned week, Organization of Petroleum Exporting Countries (OPEC)’s […]

TEHRAN – First Vice-President Es’haq Jahangiri announced on Saturday that Iran’s annual non-oil exports currently stand at $47 billion and the country is hopeful that the figure will hit $100 billion per annum in the future, Tasnim news agency reported. He made the remarks addressing the 21st ceremony on the National Exports Day at the […]

TEHRAN- Trade exchange between Iran and Europe increased 75 percent in the first eight month of 2017 from the same period last year, based on the latest figures released by the European Union’s statistics agency Eurostat. Iran-Europe trade stood at €13.6 billion in the first eight months of this year, while the figure was €7.5 […]