TEHRAN – An Iranian-German company is going to finance a 100-megawatts solar farm worth $120 million in Iranian central province of Yazd, IRNA reported on Wednesday. According to the managing director of the company this solar farm is part of a 500MW project which is due to be implemented in Iran by the company. The […]

TEHRAN- Carlos Ghosn, the CEO of Renault, announced that his company has a long-term serious plan for presence in the Iranian market. Making the remarks during a press conference in Paris last week on revealing the company’s mid-term plan, the CEO underlined the significance of Iranian market and stressed that Renault will not leave the […]

Rural areas actually have vast potential for economic growth pegged to food production and related sectors, The State of Food and Agriculture 2017 says. And with the majority of the world’s poor and hungry living in these areas, achieving the 2030 development agenda will hinge on unlocking that oft-neglected potential, it adds. Doing so will […]

An Italian asset manager has purchased stakes in an Iranian financial company thus becoming the first foreign fund house to invest in the nation’s financial sector.   The Financial Times reported that Azimut, a €48-billion group headquartered in Milan, had acquired 20 percent of Mofid Entekhab, an Iranian asset manager, for an undisclosed sum. “We were looking […]

TEHRAN- Transit of goods via Iran rose 27 percent during the first six months of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the past year, according to a transport official. Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation […]

TEHRAN – Central Bank of Iran (CBI) and Economic Cooperation Organization (ECO) Trade and Development Bank signed a memorandum of understanding (MOU) on bilateral cooperation on Monday. the MOU was signed by ECO bank’s Vice President Burhanettin Aktas and Hossein Yaqoubi, the director general of CBI’s International Affairs Department, in Ankara. The MOU specifies the […]

Iraq’s central government has launched a probe into the hefty oil revenues of the semi-autonomous Kurdistan Regional Government (KRG), further seeking to seize key businesses in the separatist northern region two weeks after the Kurdish leaders held a highly controversial referendum to secede from the Arab country in open defiance of Baghdad. According to a statement […]

TEHRAN- Russia will set up a trading house in Armenia on the border with Iran, Vestnik Kavkaza reported. It means a joint agreement signed with the Russian Export Center on work in the Free Economic Zone (FEZ) in Armenia, the president of the Armenian public organization ‘International Forum of the Eurasian Partnership’ and the Union […]

TEHRAN- Iranian Deputy Transport Minister Asghar Fakhrieh Kashan announced that allocation of $12 billion of finance is to be finalized for being used in transport and urban development projects, ILNA quoted the official as saying on Sunday. Explaining that no ceiling has been predicted for allocation of the approved $55 billion of finances in Iran’s […]

In its latest report on easing doing business index, the World Bank has put Iran at the position of 120 among 190 countries. Dr. Hossein Mirshojaeian, the deputy finance and economic affairs minister, is of the opinion that submitting precise data and information by the country to the World Bank and also changing specific methodologies […]