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Iran to export first petchem cargo to Australia
Dec 27, 2016 16:03Iran says Australia has joined the list of the clients of its hexamine – a fresh sign showing that petrochemical products are already receiving a central role in the country’s non-oil exports.
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Iran, Kazakhstan seal key transportation deal
Dec 22, 2016 09:48Iran and Kazakhstan have signed an agreement to establish a joint dual-modal transportation company that could lead to the creation of a new transport corridor connecting Iran’s southern ports to the upper parts of Central Asia - and even possibly Russia and China.
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Iran sends first condensate cargo to Europe
Dec 22, 2016 09:48Iran says it has sent its first cargo of gas condensate to Europe in a sign that shows the country is already expanding the market for its ultra light oil.
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Malaysia’s Petronas to study Iranian oil fields
Dec 22, 2016 09:47Malaysia’s Petronas has signed an agreement to study two Iranian oil fields – the latest in a wave of similar agreements that the country is awarding international energy giants over its most lucrative oil projects.
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Islamic finance set for big lift from Iran
Dec 21, 2016 12:12The Islamic finance industry is expected to get a significant lease of life from the opening of Iran’s economy which has assets of around $448 billion to its name.
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IMF expects 6.6% economic growth for Iran
Dec 20, 2016 11:02The International Monetary Fund (IMF) says it expects Iran’s economic growth to reach as high as 6.6 percent for the Persian calendar year that started in March 2016.
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Airbus team in Tehran to finalize deal
Dec 12, 2016 13:47Iran says a delegation from France’s 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.
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President Rouhani’s admin. backs deal with Hyundai
Dec 12, 2016 13:22The administration of President Hassan Rouhani has come out in support of a landmark agreement with South Korea’s Hyundai Heavy Industries for construction of 10 mega-size containers and tankers following criticisms at home that the agreement should have been awarded to local builders.
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Iran Air, Boeing finalize plane purchase deal
Dec 11, 2016 08:36Iran’s flag carrier 'Iran Air' says it has signed a much-awaited agreement with US aviation giant Boeing to purchase 80 planes.
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Iran to switch currency from rial to toman
Dec 08, 2016 08:49Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar.