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Iran, Uzbekistan sign agreements worth $25.5M

TEHRAN: As part of the visit of Uzbekistan’s delegation to Iran on October 18 and following the business forum, the two countries’ entrepreneurs signed agreements worth $25.5 million on the supply of agricultural and textile products. According to the Foreign Ministry of Uzbekistan, there is a protocol of intentions worth $7.5 million among the signed mutually beneficial bilateral documents. During ... Read More »

Iran, Turkey look to enhance ties

TEHRAN: Improving cooperation between Turkey and Iran would make a significant contribution to solving regional problems, Iran’s president said on Monday, on the eve of a visit by his counterpart. Hassan Rouhani made the remarks while receiving Turkish Chief of General Staff Gen. Hulusi Akar at the presidential palace in Tehran. Stating that relations between the two countries in the ... Read More »

Iran, Kazakhstan maintain stable trade turnover

TEHRAN: Economic relations between Iran and Kazakhstan are of regional importance, with promising areas of growth. In recent years the level of trade turnover between the two countries was changing, going up and down, but now it seems to have reached a stable level. The bilateral trade turnover between Iran and Kazakhstan was declining from 2014 to 2016. Relatively good ... Read More »

Iran, Turkey scale up customs cooperation

TEHRAN: Iranian and Turkish customs authorities agreed upon eight key issues on Monday. Agreements reached between the head of Islamic Republic of Iran Customs Administration Foroud Asgari and his Turkish counterpart, Cenap Asci, in Ankara include round-the-clock operation of Bazergan-Gurbulak Customs gates, online sharing of X-ray information and a joint fight against drug trafficking. With the closure of the Turkish-Iraqi ... Read More »

Iran, S Korea seal largest foreign loan agreement

TEHRAN: Iran’s Ministry of Economic Affairs and Finance inked the largest post-JCPOA foreign loan deal with South Korea’s Exim Bank on Thursday. Mohammad Khazaee, Deputy Minister and Head of Organization for Investment and Economic and Technical assistance of Iran, signed a large credit line deal with The Export-Import Bank of Korea with value of 10bn USD. Khazaee, while noting the ... Read More »

Iran, China to facilitate visa issuance

TEHRAN: Head of Iran-China Joint Chamber of Commerce Asadollah Asgaroladi has called for resolving visa issues between Iran and China. Addressing a seminar on the sidelines of China Guangdong 21st Century Maritime Silk Road International Expo, Asgaroladi pointed to long history of economic cooperation between Iran and China saying “the seminar in intended to raise issues and problems in the ... Read More »

Iran, Russia sign contract on wagon manufacturing

TEHRAN: Iran’s Industrial Development & Renovation Organization (IDRO) has signed a €2.5bn contract with Russian Transmashholding Company to establish a joint venture for manufacturing metro wagons. Under the contract, Iran and Russia will cooperate on designing, research and development, manufacturing and maintenance and various types of metro wagons. The agreement also predicts testing, distribution, technology transfer, and supply of passenger ... Read More »

Iran, Vietnam after deeper banking ties

TEHRAN: CBI governor, at a meeting with deputy governor of State Bank of Vietnam, reported on efforts to create links between commercial banks of the two countries. Speaking at a meeting with Mrs. Nguyen Thi Hong, Deputy Governor of State Bank of Vietnam (SBV), in Tehran, Governor of Central Bank of Iran (CBI) Valiollah Seif said negotiations were being held ... Read More »

Iran, Oman agree to boost ties amid Gulf crisis

TEHRAN: Iran and Oman have agreed to work on boosting bilateral ties as a diplomatic crisis persists in the Gulf. “Iran and Oman have for years had fraternal relations and the best must be made of these good relations to reinforce them,” Iranian President Hassan Rouhani said as he met Oman’s foreign minister late on Wednesday. The Iranian government’s website ... Read More »

Iran, Italy ink 1.2b euro deal on railway

TEHRAN: Iran, following the removal or relaxation of a range of international sanctions, seeks to develop its national railway industry by attracting huge investments from major international players. Iranian and Italian state-run railway companies have signed memorandums of understanding for mutual cooperation on July 11, the Iranian railway company said. A deal worth 1.2 billion euros for building a 135-kilometer ... Read More »

Iran, EEU agree on preferential tariffs for 530 industrial goods

TEHRAN: Iran and the five Eurasian Economic Union member states have reached an initial agreement on preferential tariff duty rate for 530 industrial goods to be exported to Armenia. The draft was signed by Iran’s Deputy Minister of Industry, Mine and Trade Mojtaba Khosro Taj and the EEU minister Veronika Nikishina on Thursday in Yerevan after two days of negotiations ... Read More »

Iran, Oman after boosting parliamentary ties

TEHRAN: Iranian Ambassador to Oman Shahroudi and Oman Consultative Assembly Speaker Khalid Hilal bin Nasser al-Mawali met on Thursday in Muscat. Mohammad Reza Nouri Shahroudi, the Iranian Ambassador to Oman met with Omani Consultative Assembly Speaker Khalid Hilal bin Nasser al-Mawali on Thursday in Muscat. This was the first meeting of the two officials. During the meeting the two officials, ... Read More »

Iran, India to step up ICT cooperation

TEHRAN: Iranian and Indian ICT ministers have agreed to provide proper conditions for further expansion of bilateral cooperation on information and communication technology. Iranian ICT Minister Mahmoud Vaezi who is in Geneva for a specialized meeting of the International Telecommunication Union, held talks with his Indian counterpart Manoj Sinha on Thursday. During the meeting, the two sides noted the many ... Read More »

Iran, Pakistan to boost cooperation in multiple areas

TEHRAN: National Security Adviser Lt-Gen (retd) Nasser Janjua on Friday said Pakistan attaches great importance to ties with Iran and is committed to overcoming all irritants for its improvement. He was talking to the Ambassador of Islamic Republic of Iran, Mehdi Honardoost, who called on him on Friday here and discussed matters pertaining to enhancement of bilateral relations and issues ... Read More »

Iran, Belarus ink customs deal

TEHRAN: Belarus and Iran have signed a set of documents on cooperation, including a protocol on exchanging preliminary information about goods moving between the two countries. The two will collaborate in the field of electronic exchange of information and preparation of electronic requests, IRNA news agency reported. After the signing ceremony, Chairman of the Belarusian State Customs Committee Yuri Senko ... Read More »

Iran, Germany ink railway MoU

TEHRAN: A Memorandum of Understanding (MoU) for technical and financial cooperation has been signed between the Bonyad Eastern railway company (Bonrail) and German State Railway. The cooperation agreement was sealed on the closing day of the 5th International Exhibition of Rail Transportation and Related Industries, Equipment dubbed as RailExpo which was held on May 15-18 in Tehran International Permanent Fairground. ... Read More »

Iran, Thailand agree to bolster economic ties

TEHRAN: Majlis Economic Commission coordinated a meeting between a Thai economic delegation and the Central Bank of Iran to inform the former of Iran’s economic regulations and latest statistics. Chateaudun Naitasiri, the head of Economy and Finance Commission of the National Legislative Assembly of Thailand, headed the Thai delegation that consisted of representatives from the National Legislative Assembly of Thailand ... Read More »

Iran, Bavaria trade volume increased by 33%

TEHRAN: Secretary general of Tehran Chamber of Commerce, Mines & Industries said the trade volume between Bavaria of Germany and Iran has increased by 33 percent during post-sanctions era. Bahram Eshghi said the trade volume between Iran and the state of Bavaria, Germany, was 2 billion and 400 million euros in 2013 and 2015 in an annual base, adding after ... Read More »

Iran, Finland ink deal on customs cooperation

TEHRAN: The customs services of Iran and Finland signed an agreement on cooperation, IRNA agency reported on April 19. Following talks between Head of Iran’s Customs Administration (IRICA) Masoud Karbasian and Director General of Finnish Customs Antti Hartikainen, an agreement on cooperation in the fight against illegal drugs and customs regulations was signed in the Finnish capital of Helsinki. The ... Read More »

Iran, Hungary agree to collaborate on small reactors

TEHRAN: Ali Akbar Salehi, head of the Atomic Energy Organization of Iran (AEOI), and Zsolt Semjén, the Hungarian deputy prime minister, have signed a memorandum of understanding (MOU) that includes collaboration between the two countries on designing small nuclear power plants as well as an €85 million ($90 million) investment by Hungarian banks in Iran. Reuters reported that Hungarian Prime ... Read More »