Economy

He made the remarks in reaction to declaration of higher tariffs to cement imports by the Iraqi government which damaged the Iranian cement export.Atabak told a group of exporters that Iraqi government has hurled some impediments on the way of export of Iranian products to the country.He said almost half …

The contract will let the Iranian firms have access to the cutting-edge technology for producing oil industry valves. Italian companies have strong presence in the 21st edition of Iran’s International Oil, Gas, Refining and Petrochemical Exhibition that kicked off in Tehran on Thursday. Around 1,900 Iranian and foreign companies are …

Speaking to Tasnim, Javadi said although European banks have begun to conduct the financial transactions that let Iran get its petrodollars, there still exist some problems with the other banking systems that need to be fixed with negotiations that are in progress. He said the payments are made in dollar …

In a recent meeting with high-ranking officials of Renewable Energy Organization of Iran, the Chinese company voiced its readiness to construct a number of photovoltaic power stations in the Islamic Republic with a total capacity to produce 600 megawatts of electricity.  The company, which had built a 100-megawatt-hydroelectrical power plant …

"This Memorandum of Understanding is an important first step in resuming OMV's activities in Iran and in the long-term cooperation with the NIOC,” OMV Chief Executive Rainer Seele said Wednesday as cited by Reuters. "We look forward to evaluating the opportunities of OMV in Iran and the cooperation with NIOC …

Around 1,900 Iranian and foreign companies are attending the show. The event, which will last until May 8, is not going to have an opening ceremony. First Vice-President Eshaq Jahangiri and Oil Minister Bijan Namdar Zanganeh are scheduled to visit the exhibition on Friday. This year’s exhibition comes against the …

Jarrett Blanc, the deputy of lead coordinator for the nuclear agreement implementation Stephen D. Mull, pointed to recent reports on a US plan to relax financial restrictions on Iran and said the government cannot order banks to take actions that they view as risky, al-Monitor reported. He made the remarks …

K-water, a leading South Korean company with expertise in water resources management, is going to build the Karun-2 dam on Iran’s only navigable river. Feasibility studies on the construction of Karun-2 were carried out two years ago, but the Korean company just knew about such a big project during South …

In a meeting with Iran's Deputy Foreign Minister for Consular, Parliamentary and Expatriates’ Affairs Hassan Qashqavi in Copenhagen on Tuesday, Jensen underlined the need for promotion of bilateral ties between the two countries in diverse fields, particularly economy and trade. Referring to a recent banking cooperation agreement between Tehran and …

Accusing Iran of sponsoring terrorism, the Illinois Republicans wrote to Boeing’s Chief Executive Officer Dennis Muilenburg and claimed that such commercial transactions would effectively subsidize Iran, The Hill reported on Tuesday. The letter is signed by Reps. Peter Roskam, Robert Dold and Randy Hultgren. Boeing said in April that it …