Two of the other brand-new turboprops Iran has purchased from ATR aircraft manufacturer will arrive in the country during the next Iranian month, CEO of Iran Air Farzaneh Sharafbafi announced. According to the top official, Iran will have the two new passenger planes delivered in the month of Mehr (September 23 – October 22). Iran […]

Canadian auto sales rose 6.9% in August, according to data released on Tuesday, as the industry benefited from a robust economy and rising consumer confidence. In a strong finish to the summer, about 183,945 units were sold last month in the country, a report from Global Automakers of Canada showed, Reuters reported. That number raises […]

Australia’s economy has grown for 26 years without a recession, an extraordinary achievement in a volatile world still aching from the global financial crisis. But many Australians feel they don’t share in that prosperity and are going backward financially, a symptom of a hidden driver behind Australia’s economic success—population growth, AP reported. Data released by […]

France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday. French President Emmanuel Macron wants to make the country carbon neutral by […]

Foreign exchange rates increased in Tehran’s market on Wednesday, following the Central Bank of Iran’s latest regulations concerning foreign currency offered at banks to travelers. According to the latest directive by the policymaker published on its official website, banks are allowed to “sell travel currency at open market rates starting from September 11”. That is […]

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a trade delegation from Confederation of Indian Industry (CII)on Tuesday morning, the portal of the Iranian private body reported. In this regard, a meeting was held between TTCIMA Head Masoud Khansari, Indian Ambassador to Tehran Saurabh Kumar, and Co-Chairman of CII Naushad Forbes. Emphasizing […]

Qatari shipping company is set to launch what it calls the fastest direct service between Doha and the Pakistani port city of Karachi this week, as the Persian Gulf state seeks to establish new trade routes amid a land, air and sea blockade from its Arab neighbors. State-run conglomerate Milaha is overseeing the venture, with […]

A freight train set about its long journey from Muslim-residing Yinchuan, the capital of the Ningxia Hui Autonomous Region, central China, on Tuesday to come to Tehran in the framework of the new Silk Road plan, named the One Belt One Road Initiative (OBOR). The launch ceremony of the international freight train from Yinchuan to […]

Alstom Company of France voiced readiness to help Iran develop its railway system through investments worth 1.2 billion euros for manufacturing wagon cars, the company’s representative in Iran Vincent Douret said. “The cooperation contract is to be signed by the Industrial Development and Renovation Organization (IDRO), Trans Russ Company and France’s Alstom to manufacture passenger […]

Iranian Oil Minister Bijan Namdar Zanganeh announced on Monday that the country will sign 10 new oil contracts by the end of the current Iranian year (March 20). “Based on the serious negotiations held with the parties to these contracts, some 10 deals are predicted to be signed,” Namdar Zanganeh said. Noting that Iran will […]