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News about Economy

6/23/2017   --   9:37 AM
Iran’s Qeshm Air to buy 10 planes from Boeing

Economy - Only a day after two Iranian airlines announced deals to purchase planes from European aviation giant Airbus, another Iranian carrier says it has sealed a third deal to buy advanced aircraft from US plane-maker Boeing.

6/20/2017   --   8:06 PM
Iran, Italy ink oil MoU

Economy - National Iranian Oil Company (NIOC) and the Italian petroleum company Eni signed on Tuesday a memorandum of understanding (MoU) for studying the development of Darkhovin oil field and Kish gas field.

6/20/2017   --   8:05 PM
Iran exporting half of its oil to Europe

Economy - Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.

6/20/2017   --   8:04 PM
Iran, Azerbaijan Republic boost 75% of their non-oil exchanges

Economy - Azerbaijan Republic Ambassador to Tehran Bunyad Huseynov pointed to thegrowing trend of trade exchanges between the two neighboring states and said on Tuesday that over past four years non-oil exchanges between the two countries increased by 75 percent.

6/18/2017   --   3:39 PM
Iran-Cuba holding excellent ties: Cuban envoy

Economy - Cuban Ambassador to Tehran said that Iran and Cuba enjoy great relations under President Hassan Rouhani, expressing hope that Iran will expand ties with Latin America.

5/31/2017   --   1:29 PM
UAE pays over $4bn to Iran in gas dues

Economy - Reports say Iran has received over $4 billion from the United Arab Emirates (UAE) for purchases of gas condensate made before sanctions were imposed against Iran in 2011.

5/31/2017   --   1:27 PM
‘Iran signed deal with Gazprom over Farzad B’

Economy - Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.

5/28/2017   --   7:31 PM
Hyundai Motor Company after stronger presence in Iran market: Official

Economy - The managing director of Kerman Motor Company said here on Sunday that the South Korean Hyundai Motor Group is looking for safeguarding a stronger presence in Iran’s auto market.

5/26/2017   --   5:42 PM
Gas import from Turkmenistan conditional: NIGC chief

Economy - Import of natural gas from Turkmenistan is conditional and Iran is going to continue buying the commodity from the country if it decreases the price, Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said on Friday.

5/21/2017   --   8:55 PM
Iran world’s most affordable tourism destination

Culture - Iran’s tourism industry has been identified for a third straight year to have the most affordable prices in the world for foreign visitors.

5/13/2017   --   6:47 PM
Iran to receive 4 ATR aircraft within days

Economy - The French-Italian airplane manufacturer ATR is expected to deliver four civilian aircraft to Iran this week, an official says.

4/22/2017   --   12:53 PM
Nematzadeh: $5.6bn of foreign investments in industries ratified in post-JCPOA

Economy - Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh said on Saturday that after implementation of the Joint Comprehensive Plan of Action (JCPOA) some 5.6 billion dollars of foreign investments has been ratified to be injected to the industries.

4/18/2017   --   1:14 PM
Iran’s private sector devising own plan to get loans

Economy - Iran’s media say the country’s private sector is planning to create its own guarantee fund to attract international loans for small- and medium-sized enterprises.

4/18/2017   --   6:25 AM
Iran exports up by 35% last year: Minister

Economy - Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said that Iran’s exports registered a 35 percent increase in the year to March 21, 2017, contending that establishment of specialized holding companies is the basic approach for promoting exports.

12/12/2016   --   8:23 PM
Airbus team in Tehran to finalize deal

Economy - Iran says a delegation from European aviation giant Airbus is in the country’s capital Tehran for talks aimed at finalizing a deal to sell around 100 planes to the Islamic Republic.

11/29/2016   --   11:46 AM
Zarif's Eastern Europe tour, fruitful: Economic official

Economy - During the Eastern Europe tour of Foreign Minister Mohammad Javad Zarif, an agreement on building the Mehran 1,000MW power plant in west of Iran was signed between the Iranian and Romanian investors, an economic official has said.

6/26/2016   --   8:37 AM
Iran ups oil export to Spain by 1mn bpd

Economy - The Islamic Republic of Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.

1/16/2016   --   7:50 PM
Shell, Total representatives arrive in Tehran

Economy - A few days before the cancellation of international sanctions against Iran, a number of the largest oil companies including the Anglo-Dutch Royal Dutch Shell company and France’s Total Corporation have sent representatives to Iran in order to negotiation with Iranian oil authorities.

1/16/2016   --   7:48 PM
Iran says to buy 114 Airbus planes

Economy - Iran said on Saturday that it plans to purchase 114 civil aircraft from European aircraft maker Airbus.

1/16/2016   --   7:42 PM
Iran to use banned dollars to import goods

Economy - Iran said on Saturday that it plans to use billions of dollars of its blocked assets that are expected to be released after the removal of sanctions against the country for imports of essential goods.

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