TEHRAN- Iran and Switzerland are opening new avenues for developing easier banking transactions, Iranian Deputy Finance Minister Mohammad Khazaei told reporters after his Sunday meeting with Switzerland’s Vaud Economics Minister Philippe Leuba in Tehran, Shada news agency reported. Khazaei, who is also the managing director of Organization for Investment, Economic and Technical Assistance of Iran […]

TEHRAN- Iran Transportation and Logistics Forum was held at IRIB International Conference Center in Tehran on November 5 and 6, IRNA reported. Iranian Transport Minister Abbas Akhoundi, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Chairman Masoud Khansari, and European Logistics Association President Paolo Bisogni were among speakers in the inaugural ceremony of […]

TEHRAN – Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power […]

TEHRAN – Phil Hogan, European Union commissioner for agriculture and rural development, has predicted a bright future for economic cooperation between Iran and the European Union, particularly in food and agriculture sectors. “We seek to tighten bilateral ties between Iran and the EU which secures interests of both sides,” he said. Hogan, leading a 70-member […]

TEHRAN – First Vice-President Es’haq Jahangiri has confirmed his attendance to the 4th meeting of Gas Exporting Countries Forum (GECF) which is due to be held from November 21 to 24 in the Bolivian city of Santa Cruz, Tasnim reported. According to Bolivian Foreign Minister Fernando Huanacuni, officials from Equatorial Guinea, Venezuela and Paraguay have […]

TEHRAN – A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the […]

TEHRAN – The National Iranian Oil Company (NIOC) is due to discuss the renewal of its LPG export contract with Indonesia’s state-run Pertamina next week, Platts reported quoting a source familiar with the matter. As reported, the parties will review volumes as well as price levels for 2018 exports. Pertamina has had a contract with […]

TEHRAN – Iran plans to attract $50 billion of investments in its mining sector by 2025, head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said. A number of agreements have been signed with European and Asian banks to ease foreign investment attraction, IRNA quoted Mehdi Karbasian as saying on Wednesday. […]

TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and Russia’s energy giant Gazprom signed a memorandum of understanding (MOU) for cooperation in energy projects. According to IDRO portal, the MOU was signed by IDRO’s Chairman Mansour Moazami, and Vitaly Markelov, Gazprom’s deputy chairman of the management committee, in Tehran on Sunday. Speaking at […]

TEHRAN- India plans to send seven shipments of wheat to Afghanistan through Iran’s southeastern Chabahar Port by the end of January, Reuters reported. India launched a trade route to Afghanistan via Iran through shipping its first consignment of wheat to Afghanistan on October 29, bypassing longtime rival Pakistan.  New Delhi is in talks with Tehran […]