Payvand Iran News:
Business, Economy...
Ordibehesht 12 1395
May 01 2016
Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia
Home | Contact | About | Archive | Privacy Policy
Bookstore | Persian Calendar
twitter | facebook | RSS Feed

Bookmark and Share

Iran Business Source
Iran Travel Source
Fale' Hafez


Norouz | Rooz Online | Ettela'at
Shargh | Bahar | donya-e eqtesad
Hamshahri | Iran | Jomhouri Eslami
Kayhan London | Kayhan | Resalat
Salam Toronto
Iran Daily
| Tehran Times

(Radio, TV)
IRIB | BBC | VOA | Radio Farda
Fars | IRNA | ISNA | Mehr

Tehran | Mashhad | Tabriz
Abadan | Esfahan | Shiraz
Satellite Image

South Korea President Arrives In Tehran For Historic Visit

- Park Geun-hye has arrived in the Iranian capital Tehran for a historic visit to strengthen political and economic relations between the two countries. Park landed in Mehrabad Airport on Sunday for a three-day official visit together with representatives from some 236 South Korean companies and organizations. She was welcomed by Iran's Industry, Mines and Trade Minister Mohammad Reza Nematzadeh. - 5/1/16

Iranian workers cry out against job insecurity

- The head of Iran's Workers' House opened Workers' Day events by speaking of the lack of job security for hundreds of thousands of Iranian workers. Iranian workers marked International Workers' Day one day early, on April 30, with thousands of workers joining the march, Iranian media report. - 5/1/16

UN Ready To Help On Iran Assets Dispute With U.S. If Both Sides Ask

- The UN says that Secretary-General Ban Ki-moon is ready to help settle a dispute between Iran and the United States over Tehran's frozen assets if both sides ask for his assistance. - 5/1/16

German firms cite troubles in Iran deals

- German industries on Thursday refreshed complaints that obstacles are still hampering a smooth business with Iran even though the international sanctions that had kept them away from the Iranian market were effectively lifted in January. - 4/29/16

U.S. Arrest Awakens Ghosts Of Turkey's Iran-Gold Scandal

- Reports of shoe boxes stuffed with $4.5 million in cash hidden in the home of a Turkish state bank head, plus a money-counting machine in the bedroom of a government minister's son. And allegations that state funds are being used illegally to buy and funnel gold to Iran to help it evade international sanctions over its nuclear program. Welcome back to 2013, when Turkey was rocked by a corruption scandal that implicated some of the closest associates of then-Prime Minister Recep Tayyip Erdogan. Charles Recknagel, RFE/RL - 4/29/16

Iran Asks UN Chief To Intervene To Prevent U.S. Diversion Of Funds

- Iran has asked the United Nations to intervene to prevent the United States from diverting $2 billion in frozen funds to victims of terrorism under a U.S. Supreme Court ruling. Iran's Foreign Minister Javad Zarif wrote to UN Secretary-General Ban Ki-moon on April 28, asking him to convince the United States to stop what he said would be a violation of state immunity. - 4/29/16

Gold Trader Pleads Not Guilty To Helping Iran Evade U.S. Sanctions

- A Turkish gold trader pleaded not guilty to charges that he conspired to conduct hundreds of millions of dollars in financial transactions to help the Iranian government evade U.S. sanctions. Reza Zarrab, a dual citizen of Turkey and his native Iran, entered the plea at a hearing before Judge Richard Berman in U.S. District Court in Manhattan. He was arrested last month in Miami. - 4/28/16

Terror Payout Latest Challenge to U.S.-Iran Reconciliation

- Chances for a more constructive U.S.-Iran relationship in the aftermath of a landmark nuclear deal are eroding with new disputes over missiles, Iran's access to its assets in foreign banks and now a Supreme Court judgment allowing distribution of $2 billion in Iranian government money to relatives of U.S. victims of alleged Iran-backed terrorism. -Barbara Slavin - 4/27/16

Iran's Foreign Exchange Reserves Surges: IMF

- The International Monetary Fund (IMF) has pointed to a significant rise in Iran's foreign exchange reserve. In its latest World Economic Outlook report, the IMF said the Iranian reserve of foreign exchange rose by 14.3 billion dollars in 2015, registering a record of 125.9 billion dollars. - 4/27/16

Iran's Chabahar port to harbor Chinese industrial town

- The Iranian city of Chabahar is all set to host a Chinese-built industrial town as part of China's role to develop Iran's sole ocean port. A technical team of CMI of China visited Chabahar in Iran's southeastern province of Sistan-Baluchestan on Tuesday for the launch of the Chinese industrial town project, according to IRNA. - 4/27/16

US seizure of USD 2 billion in Iranian assets highway robbery: FM Zarif

- Iran says the seizure of around $2 billion in frozen assets recently authorized by a US court ruling is "highway robbery," vowing that the Islamic Republic will retrieve the sum anyway. "It is a theft. Huge theft. It is highway robbery. And believe you me, we will get it back," Foreign Minister Mohammad Javad Zarif told The New Yorker in an interview published on Monday. - 4/26/16

Iran Nuclear Deal at Risk

- Concern has recently grown over the ultimate sustainability of the Iran nuclear accord. Having withstood the full-frontal attack of congressional hawks last summer, the Obama administration faces the challenge of securing the agreement's viability beyond its own tenure in office. -Tyler Cullis - 4/26/16

U.S. Sanctions Spite Europe, Not Just Iran

- Evidence continues to mount on how lopsided has been the implementation so far of the Joint Comprehensive Plan of Action, a.k.a. the Iran nuclear agreement, with Iran's rigorous carrying out of its obligations regarding its nuclear program being unmatched by the sort of financial and commercial opening to Iran that was a fundamental part of the bargain that was struck. -Paul R. Pillar, LobeLog - 4/26/16

Bombardier to set up own airline in Iran: Report

- Canada's global aviation firm Bombardier is reportedly planning to launch its own airline in Iran - a groundbreaking move that could help boost air trips between Iran and Northern America. - 4/25/16

South Africa's trade with Iran to rise to $8B: President Zuma

- South Africa's President Jacob Zuma said in Tehran on Sunday that his country plans to increase the volume of trade with Iran to as high as $8 billion by 2020. Zuma told a meeting of Iranian and South African businessmen that the figure had been agreed on in his meeting with Iran's President Hassan Rouhani earlier in the day. - 4/24/16

Kerry Says U.S. Won't Block Foreign Firms Doing Business With Iran

- "The United States is not standing in the way, and will not stand in the way, of business that is permitted in Iran since the [nuclear deal] took effect" in January, Kerry said on April 22 before meeting with Iranian Foreign Minister Mohammad Javad Zarif in New York. - 4/23/16

US to Buy Iranian Heavy Water as Part of Nuclear Deal

- STATE DEPARTMENT-The United States is purchasing 32 tons of a key component in the development of atomic weapons from Iran, in a bid to help Tehran implement provisions in the landmark nuclear deal. The U.S. Energy and State departments confirmed Friday the purchase of heavy water, which can be used to produce weapons-grade plutonium. -Pamela Dockins, VOA - 4/23/16

Iran backs any move to stabilize oil market: Zangeneh

- Minister of Petroleum Bijan Zangeneh says Iran will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production. Zangeneh told reporters on the sidelines of a meeting with his South African counterpart in Tehran on Saturday that the meeting between OPEC and non-OPEC producers in Doha was a "good step." - 4/23/16

U.S. Congressional Leaders Warn Kerry Over Moves To Help Iran

- U.S. congressional leaders warned Secretary of State John Kerry against going too far in his effort to help Iran realize the economic benefits of its nuclear accord with world powers. The warning came on the eve of an April 22 meeting between Kerry and Iranian Foreign Minister Mohammad Javad Zarif in New York that Kerry had said was aimed at addressing Iranian concerns that remaining U.S. sanctions are blocking economic relief for Tehran. - 4/22/16

Iran slams US Supreme Court ruling as money theft

- Iran has strongly condemned a ruling by the US Supreme Court granting some two billion dollars in frozen Iranian assets to the families of victims of a 1983 bombing in Beirut, saying it violates international law. - 4/22/16

Iranians May Soon Be Able to Make International Online Transactions

- A global payment service provider based in the U.S. has announced that it has made its platform available to Iranians, enabling them to make international online transactions, which was previously almost impossible. But a representative from the Central Bank of Iran reportedly denied the announcement, raising questions over whether the deal would be completed. - 4/21/16

Top US, Iranian Diplomats Confer on Sanctions Relief for Tehran

- U.S. Secretary of State John Kerry held talks Tuesday in New York with Iranian Foreign Minister Mohammad Javad Zarif, aimed at ensuring that Iran gets the sanctions relief promised in the landmark nuclear deal reached in January. - 4/20/16

Iranian crude output to reach pre-sanctions level by July

- A deputy to the Iranian petroleum minister says the country's crude oil production will reach pre-sanctions levels of 2011 within a couple of months. Tehran has expressed concern over market oversupply and low oil prices but also reiterated its right to regain pre-sanctions market level. - 4/20/16

Does the US Really Want Iran to Moderate Its Policies?

- Only three months after the Joint Comprehensive Plan of Action (JCPOA), the success of the nuclear deal with Iran already appears in doubt. The underlying reason is that those in the United States and Iran who opposed the agreement in the first place remain determined to sabotage it. -Shireen T. Hunter - 4/19/16

Iran, US at Odds Over Nuclear Sanctions Relief

- STATE DEPARTMENT-Iran's concerns about its perceived lack of sanctions relief and Syria's faltering political talks will be focal points for Secretary of State John Kerry when he sits down for talks Tuesday with his Iranian counterpart. - 4/19/16

Oil Price Falls In Asian Trading After Doha Talks Fail

- Russia's Energy Minster Aleksandr Novak said at the end of the April 17 Doha meeting that the Kremlin was not optimistic about an agreement to freeze production because of "heated debates" at the conference and "Iran's position." - 4/18/16

India Between Iran and Saudi Arabia

- Continuing tensions between Iran and Saudi Arabia and the subsequent deteriorating security situation challenge India's interests. Saudi-Iran tension and its impact in Yemen have forced India to evacuate thousands of its citizens from Yemen. Therefore, it is in India's interest to maintain an effective balance between the two countries, and both countries seem to understand that. -Fatemeh Aman - 4/18/16

Business Leaders around the World Call for an End to Iran's Closure of Baha'i Businesses

- In a signed statement addressed to Iran's supreme leader, 54 leading business people and economists from countries around the world asked Ayatollah Khamenei to stop the harassment and discrimination against Baha'i business owners in Iran. - 4/18/16

Nail Polish and Mascara - Beauty Brands Eye up Iran

- When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and skepticism among image-conscious young Iranians. Despite - or perhaps partly because of - strict Islamic dress codes, cosmetics sales in Iran are among the highest in the Middle East. -AP - 4/18/16

Iran-EU statement urges full commitment to JCPOA

- Iran and the European Union say last year's nuclear agreement reached between Tehran and the P5+1 group of countries has opened a new chapter in bilateral relations, urging all parties to fully carry out their commitments stipulated in the deal. - 4/16/16

Iran, Turkey must up anti-terror efforts: President Rouhani

- Iranian President Hassan Rouhani says Iran and Turkey have minor differences on certain regional issues but must boost cooperation in the campaign against terrorism. Rouhani was talking to to reporters in Ankara on Saturday after he and his Turkish counterpart Recep Tayyip Erdogan oversaw the signature of eight documents for cooperation.  - 4/16/16

Iran sends OPEC governor to Doha oil freeze talks

- Iranian Petroleum Minister Bijan Zangeneh will not attend upcoming talks between OPEC and non-OPEC producers in Doha to find a solution to tumbling oil prices, but will send Iran's OPEC governor to the meeting. - 4/16/16

Unclear on US Rules, Banks, Corporations Wary of Doing Business in Iran

- Three months after the implementation of the Iran nuclear deal, banks and other corporations are wary of doing business in the country due to concerns over running afoul of U.S. sanctions, especially as U.S. lawmakers ponder a clampdown over Iran's missile development. -Luis RamirezT, VOA - 4/16/16

Governor of Iran's central bank holds western states responsible to keep JCPOA alive

- Governor of Central Bank Valiollah Seif attended a Council of Foreign Relations meeting Friday saying that the western governments are responsble to keep alive the Joint Comprehensive Plan of Action. - 4/16/16

Tehran, Rome pen deals on major economic exchange

- The Islamic Republic of Iran and Italy have signed 12 major agreements in various sectors of economy. The agreements were inked on Wednesday in the presence of Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh and visiting Italian Prime Minister Matteo Renzi in Tehran. - 4/14/16

Europeans' visits to Iran must yield tangible results: Supreme Leader

- Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has criticized visits by European delegations to Iran for failing to yield tangible and practical results, saying Tehran must be able to sense the outcome of such expeditions. Ayatollah Khamenei made the remarks in a meeting with Italian Prime Minister Matteo Renzi and his accompanying delegation in the Iranian capital, Tehran, on Tuesday. - 4/14/16

How Sanctions Can Reduce U.S. Leverage: The Case of Iran

- Attention has increased recently to sanctions against Iran and relief from sanctions under the terms of the agreement, known as the Joint Comprehensive Plan of Action, to limit Iran's nuclear program. As usual whenever this set of subjects comes up, commentary in the United States reflects different agendas, some of which are not congruent with U.S. interests or the interests of international security. -Paul R. Pillar, LobeLog - 4/14/16

EU mulls opening permanent diplomatic mission in Tehran: Official

- European Union foreign policy chief Federica Mogherini will discuss the opening of a permanent EU diplomatic mission in Tehran during her coming visit to Iran, a senior EU official says. "This is about us re-engaging gradually," the official said, adding that issues of bilateral interest will be discussed during the trip by Mogherini and seven EU commissioners to Tehran on Saturday. - 4/14/16

Iranian Parliament Approves Subsidy Cuts To 24 Million Iranians

- The parliament in Tehran has approved a bill to cancel cash subsidies to 24 million Iranians, according to local reports. Analysts say the action by the conservative-dominated parliament on April 12 has angered President Hassan Rohani, who will have to figure out how to put the unpopular measure into effect. - 4/14/16

Iran, Italy seek to restore ties as Renzi visits Tehran

- President Hassan Rouhani says Iran would like to see its trade ties with Italy restored to the level that existed before the Islamic Republic came under nuclear-related sanctions. President Rouhani made the remarks at a joint press conference with visiting Italian Prime Minister Matteo Renzi in Tehran on Tuesday. - 4/12/16

Boeing offers to sell three new aircraft models to Iran

- US plane maker Boeing has proposed to sell new models of its 737, 777 and 787 aircraft to Iran and promised after-sales support, a top Iranian aviation official says. Meanwhile, Boeing spokesman John Dern told The Associated Press that the company discussed the "capabilities of Boeing airplanes, along with the support the company provides." - 4/12/16

Nazarbaev, Rohani Hold Talks In Tehran

- Kazakh President Nursultan Nazarbaev and his Iranian counterpart Hassan Rohani have discussed building stronger trade and business ties between their countries at talks in the Iranian capital. Nazarbaev arrived in Tehran on April 11 at the start of a tour that will also take him to Turkey and Uzbekistan. - 4/11/16

India vows to invest $20bn in development of Iran's Chabahar port

- India says it is ready to invest $20 billion in the development of Iran's southeastern Chabahar port - a move that would enable New Delhi to dodge Pakistan and establish a strategic connectivity to Afghanistan as well as the Central Asia - 4/11/16

Iran says Boeing team coming to Tehran

- Iran says a top-level delegation from global aviation giant Boeing will arrive in the country within the next days to discuss potential areas of cooperation with Iranian companies. The country's flag-carrier airline Iran Air has announced in a statement that it will host Boeing for its upcoming trade talks in Tehran. - 4/9/16

Jailed Iranian tycoon reveals foreign assets in bid to avoid death sentence

- Babak Zanjani, the jailed Iranian tycoon accused of financial fraud, has reportedly provided Iran's Ministry of Oil with a list of his foreign assets and the power of attorney to obtain them. His lawyer told the Tasnim daily on Friday April 8 that his client's cooperation is aimed at recovering public funds and compensating the Treasury. - 4/9/16

Iran's $10Bln Mega Canal Could be Game Changer in Global Trade Routes

- Russian experts comment on the prospects for the realization of Iran's ambitious 'trans-Iranian' canal, which would run from the Caspian Sea to the Persian Gulf. -Sputnik - 4/9/16

Unemployment in Iran rises over previous year, youth hit hard

- The Statistical Centre of the Islamic Republic reports that the unemployment rate was 11 percent in the past year, which represents an increase of 0.4 percent from the previous year. The unemployment rate for men is reported at 9.3 percent and 19.4 percent for women. - 4/8/16

Norway to launch Iran's first FLNG plan

- Iran says it is working on a plan with a Norwegian company to build a floating facility to liquefy natural gas in the Persian Gulf. NIOC chief Rokneddin Javadi said last October that LNG has returned to Iran's energy agenda, stressing that the country has devised serious plans to launch its first liquefaction project by April 2018. - 4/8/16

Rohani Warns Opportunities Provided By Nuclear Deal Will Not Last Forever

- Iranian President Hassan Rohani has warned that the opportunities provided by a landmark nuclear deal struck with world powers last year will not last forever. "The opportunity that the nuclear deal has created for us is not permanent and eternal," Rohani said during a live speech on April 7. - 4/7/16

Iran's exports to US increase by six times

- Iran's media reported on Thursday that the country's exports to the United States increased six times over a period of 11 months starting March 2015. Reports said the value of Iran's exports to the US over the period stood at $3.6 million. The value of exports to the US for the same period last year stood at $0.48 million. - 4/7/16

Russia, OPEC Said Likely To Freeze Oil Output Without Iran

- Russia and the Organization of Petroleum Exporting Countries can reach an agreement to freeze oil production, even if Iran doesn't join in, a top OPEC official told Bloomberg News. Kuwaiti OPEC governor Nawal al-Fezaia's prediction of an output freeze excluding Iran in an interview with Bloomberg helped send oil prices soaring more than 5 percent on world markets on April 6 and 7. - 4/7/16

US Official: Iran Will Not Gain Access to US Financial System

- A U.S. official on Tuesday denied reports that the Obama administration would grant Iran access to the U.S. financial system, but said Washington would help Tehran gain full benefits from sanctions relief under last year's international nuclear accord. -Michael Bowman, VOA - 4/6/16

Explainer: Why The Nagorno-Karabakh Crisis Matters

- This week's Nagorno-Karabakh crisis might strike most people as nothing more than another minor conflict in a remote, faraway place. But the role of the Caucasus in the global energy trade and the potential for full-scale hostilities between Azerbaijan and archrival Armenia or its clients drawing in major regional powers are reason enough to keep a close eye on whether the April 5 cease-fire holds. -Charles Recknagel, RFE - 4/6/16

Selling Luxury in Iran

- Bypassed for decades by the luxury industry, Iran and its explosive market growth potential have recaptured the attention of global luxury heavyweights in the last 12 months. After more than 30 years of isolation and austerity, the country re-entered the global economy when economic sanctions were lifted in January, something Morgan Stanley described as the biggest thing for the global economy since the fall of the Berlin Wall. -NY Times - 4/6/16

US Says No Plans to Give Iran Access to US Banks

- The United States says it has no plans to give Iran access to the U.S. financial system in any dollar-denominated transactions between Iran and businesses in other countries. - 4/5/16

Saudi attempting to slow Iran oil surge: Report

- A new report points to Saudi Arabia's attempts to hinder Iran's efforts to regain its market share of the global oil trade. The Financial Times report on Monday said Saudi Arabia has been banning vessels that transport Iranian crude from entering their waters. - 4/5/16

Obama Administration Considers Further Step to Fulfill US Commitments Under Accord

- Reports indicate that the Obama administration is considering the issuance of a general license to permit Iran limited and indirect access to certain dollar-clearing services. Under this proposed license, non-U.S., non-Iranian banks would be permitted to set up an offshore facility in order to facilitate currency exchanges in support of Iran-related business so long as such exchanges do not start or end with the U.S. dollar. No Iranian banks would be allowed direct access to such an offshore facility. - 4/4/16

Iran oil exports surpass 2 million bpd

- Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says. "Iran's exports of oil and gas condensate are now at more than 2 million barrels per day," the minister told the Shana news agency in Tehran on Sunday. - 4/4/16

EU banks start re-engaging with Iran

- European banks have reportedly started to re-engage with Iran after over two months from the removal of sanctions against the country. The Financial Times reported on Sunday that Belgium's KBC, Germany's DZ Bank and Austria's Erste Bank that they have started handling transactions on behalf of European clients doing business in Iran. - 4/3/16

Obama Says U.S. Will Address Some Iranian Concerns Over Sanctions

- U.S. President Barack Obama said that his administration is preparing to address concerns that Iran is not getting the full benefit of sanctions relief under its nuclear accord with world powers. "Some of the concerns that Iran has expressed, we are going to work with them to address," he said. - 4/2/16

U.S. Considering Easing Curbs On Using Dollars In Deals With Iran

- Obama administration officials are considering easing restrictions that prohibit U.S. dollars from being used in business deals with Iran to ensure Tehran gets economic relief promised under its nuclear deal with world powers. - 4/1/16

Iranians Losing Confidence in U.S. Compliance with JCPOA

- The Iranian public is losing confidence that the United States will abide by the terms of the Joint Comprehensive Plan of Action (JCPOA), according to the latest in a series of polls undertaken by the Center for International and Security Studies (CISSM) at the University of Maryland. -Jim Lobe, LobeLog - 4/1/16

Austrian President casts doubt on immediate lifting of all Iran sanctions

- Heinz Fischer has cast doubt on the US and Western resolve for the immediate removal of all anti-Iran sanctions. Fischer has told IRIB that it is unclear how long it will take for the West to lift sanctions on Iran. The Austrian leader said it was not up to a single country to lift all the sanctions, but that the United States had a part to play. - 3/31/16

Canada regrets cutting ties with Iran, wants to re-engage

- Canada's foreign minister says his country's 2012 move to cut diplomatic ties with Iran has had no positive consequences whatsoever, expressing articulate willingness for re-engagement with the Islamic Republic. - 3/31/16

U.S. Treasury Warns Sanctions 'Overreach' Will Lower Dollar's Status

- A top U.S. official warned that overuse of economic sanctions risks hurting the U.S. economy and driving other nations away from relying on the dollar as the world's reserve currency. - 3/31/16

President Rouhani's "Open-Door" Economic Policies

- A number of commentators have compared President Rouhani's policies of opening Iran's markets to Western business with those of China's Deng Xiaoping following the death of Mao Zedong some four decades ago. A closer look at Mr. Rouhani's open-door economic policies indicates, however, that they are more akin to those of Boris Yeltsin's Russia following the collapse of the Berlin Wall than those of China since Deng Xiaoping. -Ismael Hossein-zadeh - 3/30/16

Iranian reformist party points to corruption as obstacle to "resistance economy"

- The head of the Nedaye Iran party says smuggling and corruption are the chief obstacles to implementing the tools toward a resistance economy as recommended by Iran's leader Ayatollah Khamenei. He stated that when 40 percent of the economy is in the hands of certain bodies and groups that do not pay any tax, an economy of resistance is a pipe dream. - 3/30/16

Iranian President Postpones Austria Trip For Security Reasons

- Iranian President Hassan Rohani has postponed a planned state visit to Austria indefinitely, citing security reasons, the Austrian presidential office announced. "The visit for March 30-31 by President Hassan Rouhani and his delegation has been postponed by the Iranian side for security reasons," Austrian presidency said in a statement on March 29. It did not give further details. - 3/30/16

Iran's new continent-spanning trains

- The 10,500km (6,500-mile) journey from Yiwu City in eastern China through Kazakhstan, Kyrghyzstan, Uzbekistan and Turkmenistan was sluggish; but when the first Chinese train pulled into Tehran station after a 14-day haul, Iranian officials hailed a great leap forward. "We're becoming the global hub between east and west," waxed one minister. -Economist - 3/30/16

Iran to lift visa with 28 countries

- Iran said on Saturday that it is pursuing a plan to lift visa requirements with 28 countries in an effort which is meant to help boost the mutual tourism ties with the target countries. Iran will need to attract some 20 million foreign visitors by 2025, an ambitious campaign which is expected to fetch the country at least $30 billion. - 3/29/16

Iran's trade balance turns positive over 'lower' imports

- New data by the Islamic Republic of Iran Customs Administration (IRICA) shows 'unprecedented' surplus in the country's foreign trade over the past Iranian calendar year (ended March 19). The latest customs figures reveal the country registered a trade surplus of USD 0.916 billion in the 12-month period ending over a week ago. - 3/29/16

Iran president to visit Austria for talks

- Iranian President Hassan Rouhani plans to pay an official two-day visit to Austria to hold talks with the country's senior officials on ways to improve relations, particularly in the economic sector. - 3/28/16

Prince Charles wants to visit Iran: Sunday Times

- Britain's Prince Charles plans to visit Iran for the first official royal trip in more than 40 years, The Sunday Times reports. British government and royal officials are in talks with Iranian authorities about arranging a tour around the fall, the paper quoted a royal source as saying. - 3/28/16

Iran, Pakistan Aim To Boost Trade

- The leaders of Pakistan and Iran say they are targeting $5 billion worth of mutual trade by 2021. Iranian President Hassan Rohani and Pakistani Prime Minister Nawaz Sharif announced their trade goal as Rohani wrapped up a two-day visit to Islamabad on March 26. - 3/27/16

Iranian President Visits Pakistan Seeking Better Ties

- ISLAMABAD - Iran's President Hassan Rouhani visits neighboring Pakistan for two days starting Friday. The trip is apparently part of Iran's diplomatic campaign to boost economic and trade ties with neighboring and regional countries now that international sanctions against it have been removed. - 3/25/16
Trending Now

The World of Achaemenid Persia: The Diversity of Ancient Iran

© Copyright 1997-2014 NetNative (All Rights Reserved)
In case of problem with links, use alternate news page
If you are using a PDA, a shorter version of the news page is also available