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News about Economy

8/1/2017   --   8:49 AM
Trade official: French firms eager to invest in Iran

Economy - French companies are eagerly looking for investment opportunities in the Iranian market, as the country today is in a position that can choose from amongst an array of trade offers, a trade official says.

7/25/2017   --   12:54 PM
China’s EXIM inks $1.5bn deal for high-speed rail in Iran

Economy - The Export-Import Bank of China (EXIM) signs a $1.5 billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad.

7/9/2017   --   9:45 AM
Total deal opening new chapter in Iran energy diplomacy: Ex-official

Economy - The contract inked between Iran and French energy giant Total to develop phase 11 of the South Pars Gas Field, has opened a new chapter in Iran energy diplomacy, former official says.

7/4/2017   --   12:27 PM
Total determined to continue cooperation with Iran

Economy - Total Chief Executive Officer Patrick Pouyanne said that his company’s cooperation with Iran in South Pars 11th phase will help promote Iran’s relations with France and Europe.

7/2/2017   --   1:49 PM
500% increase in Iran’s exports to Europe

Economy - Iran’s exports to European Union have increased 500% to reach € 3.4b in the first 4 months of 2017 compared to the same period in 2016.

7/1/2017   --   12:19 PM
Central Bank Head: Inflation rate to become single-digit

Economy - Head of Iran’s Central Bank on Saturday expressed hope that with the pursuit of disciplinary policies of the bank, the country’s inflation rate would become single-digit.

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.

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