Departure of French automakers from Iran not certain: Minister

Economy - The Iranian Minister of Industry, Mine and Trade said that French automakers Peugeot and Renault are yet to announce their official departure from the Iranian market, because of their investments and interests in the country.

Economy - Chabahar Free Zone, due to its strategic geographical situation in the region, is a paradise for export-oriented manaugacturing, an Iranian official said.
Economy - South Korea rejects claims suggesting any halt to loading Iranian oil and gas condensates by its tankers in July.
Economy - Iranian Minister of Petroleum Bijan Zanganeh said US President Donald Trump's approach to certain OPEC members is insulting.
Economy - Minister of Road and Urban Development Abbas Akhoundi said on Monday that in spite of the US exit from the JCPOA, international contract on rail transport industry in the field of electrifying route of Garmsar-Inche Boroun began executive work.
Economy - Iran urged the Organization of the Petroleum Exporting Countries (OPEC) to remind members to adhere to production quota, warning that violation of agreements would undermine the unity of this international body.
Economy - Managing Director of Russian Railways Sergey Pavlov said on Saturday that Garmsar-Incheboron railway electrification project will begin as of Monday.
Economy - Iran's steel exports have grown by 129% over the first two months of the current Iranian calendar year (started March 21, 2018) compared to the same period last year, Iran's Association of Steel announced on Saturday.
Economy - Serbian Minister of Trade, Tourism and Communications Rasim Ljajic described Iran as the major and strong Muslim country with the highest economic capacities, saying that his country has special programs for promoting all-out cooperation with Iran.
Economy - Iranian oil tanker ‘Arch’ belonging to National Iranian Tanker Company (NITC) saved 13 Pakistani seamen entangled in southern Pakistan international waters.
Economy - Iran said on Friday a US request for Saudi Arabia pumping more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said OPEC would not heed the appeal, setting the stage for a tough OPEC meeting this month.
Economy - Central Bank of Iran Governor Valiollah Seif said on Friday that using rial and Yuan can solve challenges facing Iran-China financial transactions.
Economy - Iran exported 2.7 million barrels a day of crude oil and gas condensates in May.
Economy - The companies interested to work with Iran are waiting for the EU to announce instructions on how to counter US sanctions on Iran in order to continue their commercial ties with the country, said the deputy president of the Iran-UK Chamber of Commerce on Saturday.
Economy - Minister of Petroleum Bijan Zangeneh in a letter to rotating chairman of OPEC conference called for inclusion of a separate agenda in next OPEC ministerial meeting for supporting those members that are under illegal, unilateral sanctions.
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