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Iran Receives 1st ATR Passenger Plane

TEHRAN (FNA)- The French-Italian ATR plane manufacturer has delivered its advanced passenger plane to Iran's national flag carrier, Iran Air.

The ATR72-600 A/C passenger plane was delivered to Iran's representative at the presence of CEO of Iran Air, national flag carrier, Farhad Parvaresh and ATR's financial manager Giovanni Tramparulo in the French city of Toulouse earlier on Tuesday.

Tramparulo said that his company takes pride in delivering aircraft to Iran which meet the needs of the country in regional flights.

In relevant remarks in April, Parvaresh said that the Iranian airline would receive four ATR aircraft within three weeks given that the deadline for the French-Italian aircraft manufacturer has expired for a week.

Parvaresh also noted that, as per the contract with Boeing, the first Boeing 777 Wide-body jet airliner will be delivered to Iran Air in a year time.

He also pointed to the latest status of the negotiations with the largest German airline Deutsche Lufthansa AG, and said, "Not long ago, a Memorandum of Understanding (MoU) was signed with Lufthansa on technical and operational training, catering and corporate restructuring as well as business cooperation; the agreement was recently implemented in the commercial sector though talks are still underway on other provisions."

The French-Italian ATR plane manufacturer has signed a contract with Iran Air to provide it with 20 planes. This is a third plane manufacturer after Airbus and Boeing had successfully signed lucrative deals with Iran. Efforts to sign a deal with Brazilian manufacturer Embraer had been uninspiring and plans were abandoned in favor of Airbus and Boeing.

 

 

 

 

Iran to Run Tender to Select Financers for Purchasing Passenger Planes Soon

TEHRAN (FNA)- Iranian Deputy Road and Urban Development Minister Asqar Fakhriyeh Kashan announced that financing the purchase of passenger planes will be put to tender within the next month.

"We are preparing the documents and the tender will be run within the next month," Fakhriyeh Kashan told reporters in Tehran on Tuesday.

Explaining that Iran has decided to run tender to find financers for buying Boeing and Airbus passenger planes given the large number of foreign companies ready to finance the project, he said, "10 companies from across the world will participate in the tender, including the Japanese, Norwegian, Chinese, Irish and British firms."

In relevant remarks in late March, Managing Director of Iran's National Flag Carrier, Iran Air, Farhad Parvaresh underlined that the giant aviation company Airbus has delivered the third passenger plane to the country.

"The third Airbus, an A330, landed at Tehran's Mehrabad airport on Saturday," Parvaresh said.

He noted that the A330 plane which has 32 business class and 206 economy class seats is suitable for long-distance flights.

Last January, Iran signed a deal worth $18 billion with Airbus to purchase 100 new planes, including 46 A320 family, 38 A330 family, and 16 A350 XWB aircraft.

On January 12, the first Airbus 'A321' landed at Tehran Mehrabad Airport and joined Iranian air fleet.

The aircraft was officially delivered to Iran Air by Airbus in a ceremony held in Toulouse.

The second Airbus plane, also an A330, arrived in Tehran on March 11. It flew to the capital’s Mehrabad International Airport from the French city of Toulouse.

Airbus Chief Executive Fabrice Bregier announced that with the delivery of the aircraft, cooperation between Iran Air and Airbus officially started, and said, "We hope with delivery of the aircraft, expansion of economic cooperation with Iran will continue more rapidly."

Iran Air officials say the plane will be used for domestic flights.

 

 

 

 

<div>Over 33 Percent Rise in Volume of Iran's Trade Exchanges</div>

TEHRAN (FNA)- The volume of Iran's trade exchanges was increased by nearly one third over the past 12 months as compared with the previous year, new data released said.

The volume of the country's trade exchanges saw a 33.5 percent rise over past year, the statistics released by Iran's Trade Promotion Organization (TPO) showed.

The Iranian Customs Office also said that Iran’s non-oil exports registered $246 million higher than the country's imports.

In a relevant development earlier in January, the Iranian Customs Office announced that the value of Iran's non-oil exports exceeded $30 billion in the first three quarters of the current Iranian year (March 20-December 20, 2016).

"Iran exported a sum of $31.593 billion over past nine months," the Iranian Customs Office reported.

It said that Iran's non-oil exports showed over 9 percent rise as compared with the last year's corresponding period.

"Gas condensates worth of $5.124 billion dollars were major exports of Iran, accounting for 16.22 percent of total non-oil exports," the customs office added.

UAE, Iraq, Turkey and South Korea followed China are major importers of Iran's goods while China, UAE, South Korea and Turkey are major exporters to Iran.

 

 

 

 

Minister: Iran to Become More Active in Reviving Silk Road

TEHRAN (FNA)- Economy Minister Ali Tayyebnia underlined that Iran will be playing a more active role in the revival of the modern Silk Road.

"Everyone is aware of Iran's remarkable place in the project to revive modern Silk Road; Tehran will have active participation in the major project," Tayyebnia told reporters on Tuesday.

He pointed to holding of the International Conference on Silk Road in the Chinese capital with Iran and 130 other countries attending the event, and said, "The event was significant and useful."

The two-day ‘New Silk Road’ summit wrapped up on Monday in Beijing, with 1,500 representatives, including 850 guests from 130 countries and 70 international organizations, taking part in the event.

The “One Belt, One Road” project was introduced by president Xi Jinping in 2013 as a land-and-sea version of the fabled Silk Road trading route of the 16th to 18th centuries.

China says the project is open to everyone, but it has also identified 65 countries along the Belt and Road that, since the early stages of the proposal, it insisted will participate in the initiative (whether they’ve confirmed it themselves or not). Together, the 64 nations plus China account for 60 percent of the world’s population and 30 percent of its GDP, according to the Hong Kong–based think tank Fung Business Intelligence.

China’s Foreign Ministry confirmed that 29 heads of state will attend the forum. They’ll be among the summit’s 1,500 or so Chinese and foreign attendees.

 

 

 

 

Official: European Firms Looking for Boosting Energy Cooperation with Iran

Economy

Official: European Firms Looking for Boosting Energy Cooperation with Iran

Official: European Firms Looking for Boosting Energy Cooperation with Iran

TEHRAN (FNA)- Different countries from across the world, the European countries in particular, have voiced their interest in the country's oil and gas projects after the landmark nuclear agreement reached between Iran and world powers in July 2015, a senior official said.

"Since Joint Comprehensive Plan of Action (JCPOA), we were able to make contact with the Western companies, including signing a direct agreement with a Scottish company," Vice-President of the National Iranian Drilling Company (NIDC) Mohammad Reza Takaydi said.

Meantime, Managing Director of Iranian Offshore Oil Company (IOOC) Hamid Bord said that his company has had talks with several European firms over past six months and they have shown interest in Iran's oil and gas projects.

Iranian Offshore Oil Company is one of the largest offshore oil producers in the world, which has been in charge of producing Iran's crude oil in Persian Gulf for over the past 50 years.

Iran, Iraq, Saudi Arabia, Qatar and the UAE, overall, possess some 63 percent of the world's proven oil and 40 percent of the gas reserves.

 

 

 

 

<div>China Stresses Iran's Role in Silk Road Development</div>

TEHRAN (FNA)- Chinese Finance Minister Xiao Jie in a meeting with his Iranian counterpart Ali Tayyebnia in Beijing underlined that Iran can play an important role in the revival of the Silk Road.

During the meeting in the Chinese capital on Monday, Xiao said Iran has played an active role in various projects and also helped with the implementation of many projects in other countries.

The Iranian and Chinese ministers of economy and finance met on the sidelines of ‘New Silk Road’ summit in Beijing to discuss economic cooperation and help remove the existing obstacles.

The two sides discussed Chinese banks’ financing of Iran’s infrastructure projects as introduced to them by the Iranian side.

The two-day ‘New Silk Road’ summit wrapped up on Monday in Beijing, with 1,500 representatives, including 850 guests from 130 countries and 70 international organizations, taking part in the event.

 

 

 

 

Iran Mercantile Exchange Ready to Expand Economic Ties with Iraq

TEHRAN (FNA)- The Iran Mercantile Exchange (IME) dispatched a high-ranking delegation to Iraq to pave the ground for the establishment of an IME office in Baghdad to further ease and boost trade with the neighboring country in large scale, the IME said.

The IME said that its dispatched delegation had several meetings with Iraqi officials to explore new avenues to strengthen economic ties between the two countries over the platform of Iran Mercantile Exchange.

The IME delegation also paid a visit to renowned markets in Iraq.

The IME delegation, meantime, evaluated the economic situation in Iraq on the ground while visiting markets in important cities of Baghdad, Kerbela and Najaf.

Decision-makers in IME are of the opinion that the IME will rekindle trade of Iranian commodities in Iraq by establishing an office there, the IME said.

The IME was established on September 20, 2007 in accordance with article 95 of the new la of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran's Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services

Risk management,

Technology services,

Training and education of the market participants.

 

 

 

 

Iran Ups Oil Exports to South Korea by Over 63 Percent

TEHRAN (FNA)- South Korea considerably increased its crude oil imports from Iran in April as compared with the corresponding period in the last year.

"Iran boosted its crude exports to South Korea by 63.5 percent in last month (April)," Customs Office data showed.

South Korea’s customs data also showed that the country imported 1.41 million metric tons of Iranian crude or 344,933 barrels of oil per day in April.

The figures showed that the world's fifth-largest crude importer shipped in 7.1 million metric tons of Iranian crude oil, or 433,659 bpd, in the first four months of 2017 which was up 86 percent from 3.82 million metric tons imported during the same period a year ago.

South Korea's crude imports from Saudi Arabia, the world's top crude exporter, fell 15.1 percent to 3.56 million metric tons, or 859,127 bpd, in April from last year's corresponding period.

The rise in Iran’s oil sales to South Korea came as the member-states of the Organization of the Petroleum Exporting Countries (OPEC) started to implement a plan to curb production by about 1.2 million barrels per day from the beginning of January.

 

 

 

 

Iran Calls for Boosting Industrial Cooperation with Latin America

TEHRAN (FNA)- Iranian Deputy Industry, Trade and Mine Mehdi Karbasian called for broadening of bilateral trade relations with the Latin American countries.

"The Islamic Republic of Iran has planned a 50-billion-dollar investment in its mining, and industries sectors and the Latin American countries' participation in these areas is welcomed," Karbasian said.

He reiterated that Iran is interested to cooperate with Latin America in the economic and trade fields.

In relevant remarks in March, Iranian Foreign Minister Mohammad Javad Zarif underlined his country's enthusiasm for the further broadening of relations and cooperation with the Latin American states.

"I feel that Latin America is an important and apt field for our relations. We have very good political ties with Latin America and it is necessary that these political relations consolidate with extensive economic ties and political relations," Zarif told reporters in Caracas at the end of his tour of 6 Latin American countries of Cuba, Nicaragua, Ecuador, Bolivia, Chile and Venezuela.

Stressing that his Latin American tour yielded highly good results in developing bilateral relations, he said that different agreements were signed between Iran and the Latin American states in banking, shipping, economic, political, exports, technological and scientific fields.

"During the Venezuela visit, we formed a joint committee to settle the problems remaining from the past, specially during the sanctions era," Zarif said.

"We also agreed on establishment of brokering relations" with all six countries to further expand banking ties.

Zarif is accompanied in the Latin America tour by a business delegation of figures from private and public sectors covering fields ranging from petrochemicals, mining, medicine, automobiles to agriculture and engineering.

 

 

 

 

<div>5th Int'l Rail Exhibition Opens in Tehran</div>

TEHRAN (FNA)- The 5th International Exhibition of Rail Transportation, Related Industries and Equipment kicked off in Tehran on Monday with the participation of over 160 domestic and 130 international companies.

Iranian Road and Urban Development Minister Abbas Akhoundi and Head of Iran's Railway Company Saeed Mohammadzadeh were present in the opening ceremony of the four-day exhibition.

Several countries, including Sweden, Switzerland, Belgium, France, India, Ukraine, New Zealand, Turkey, Italy, Latvia, Spain, Russia, Czech Republic, China, Germany and Serbia are attending the major event which is the world's second largest exhibition in the field.

Major objectives of the exhibition include invitation for producing the equipment needed by the railway companies, holding specialized meeting with rail industry officials and displaying the latest achievements in rail industry.

 

 

 

 

9 foreign financers ready to fund Iran’s plane purchase

TEHRAN- Iranian Deputy Transport Minister Asghar Fakhrieh Kashan announced on Monday that none foreign financing companies from Asia and Europe have voiced willingness to fund Iran’s purchases of airplanes from giant airplane manufacturers, IRNA reported.

Making the remarks on the sidelines of the 5th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran (RAILEXPO 2017), the Iranian deputy minister said that the nine financial companies are from Japan, Norway, Denmark, China, Ireland, and Britain.
Proceedings to hold a tender for selecting the financer are underway, he added.

HJ/MA
 

Iran, Latin America call for bilateral mining co-op

TEHRAN - During The first Iran-Latin American countries joint meeting on cooperation opportunities in mining sector which was held in Tehran on Monday, the two sides emphasized the expansion of mining cooperation.

The event was attended by Mehdi Karbasian, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), some high-ranking Iranian officials and a handful of Latin American countries ambassadors.

During the meeting, Keshavarzian, a director at Iran’s foreign ministry, said that there are no limits for cooperation between Iran and Latin American countries in mining sector. 

He also mentioned Latin America’s special position in Iran’s foreign policy saying that Iran is ready for cooperation in all areas especially in technology, investment, mining and related industries with the Latin American countries.

Elsewhere in the meeting the head of IMIDRO also voiced the country’s readiness for cooperation in mining sector and related industries.
He also noted that Iran has envisaged attracting $50 billion of foreign investment in mining sector during the country’s Sixth Five-Year National Development Plan (2016-2021), so Latin American countries’ investments are welcomed in this regard.

EF/MA

1st LPG cargo exported from South Pars phases 15,16

TEHRAN- The first cargo of liquefied petroleum gas (LPG) produced in the phases 15 and 16 of Iran’s South Pars gas field was exported on Monday, IRNA quoted Mohsen Miri, a director in Pars Oil and Gas Company (POGC).

POGC is in charge of implanting development phases of South Pars, a supergiant gas field Iran shares with Qatar in Persian Gulf waters.
The field is estimated to contain over 14 billion barrels of oil in its oil layer. It is also estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate. 

Phases 15 and 16 of the field produce 56 million cubic meters per day (mcm/d) of sour gas and 50 mcm/d of sweet gas as well as 75,000 barrels of gas condensate and 400 tons of sulfur per day.

The phases also produce one million tons of ethane and one million tons of LPG per annum. 
Addressing the inaugural ceremony of these phases in January 2016, Rokneddin Javadi, the previous managing director of National Iranian Oil Company (NIOC), put the worth of project to develop phase 15 and 16 at $5.5 billion. 

MA/MG

EAEU, Iran agree on consultation co-op: Putin

TEHRAN- Eurasian Economic Union (EAEU) and Iran have agreed to launch consultation cooperation, Russian President Vladimir Putin said on Monday.

He made the statement at a roundtable meeting during the second day of the international "One Belt, One Road" forum in Beijing, Sputnik reported.

Putin mentioned Egypt, India, Serbia and Singapore the other countries with them EAEU has reached agreement on consultation cooperation.

"The EAEU is steadily expanding its foreign ties. Some 50 European, Asian and Latin American states showed interest to cooperation with it," the Russian president further noted.

EAEU is an international organization for regional economic integration. Its member states are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

MA/MG
 

Iran plans 800km railway network expansion by March 2018

TEHRAN – The national railway network is projected to be expanded by 838 kilometers in the current Iranian calendar year, which ends on March 20, 2018, IRNA quoted transport minister as saying.

Abbas Akhoundi made the remarks in the opening ceremony of the 5th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran (RAILEXPO 2017) on Monday.

According to Akhoundi, more than 30,000 freight wagons are needed to develop the country’s rail fleet.

“To fulfill the country’s needs in railway transport we also need 3,000 passenger wagons and to achieve this goal we need precise planning,” he said.

The official further noted that connecting the country’s railway network to the neighboring countries’ rail networks is one of the most important goals of the ministry which has not been given the deserved attention so far. 

Also in the ceremony, Saeid Mohammadzadeh, the managing director of Islamic Republic of Iran Railways (IRIR), said all necessary measures are being taken to reduce the railway transport tariffs to zero.

The 5th International Exhibition of Rail Transportation, Related Industries and Equipment of Iran will run at the Tehran Permanent International Fairgrounds until Thursday.

EF/MA

Turkey completes tender to construct wall on Iranian border

ديوار مرزي

Tehran (ISNA) - After building a 688-kilometer-long wall on the border between Turkey and Syria, Ankara has completed the tender for a 144-kilometer wall on the border with neighboring İran, Turkish Minute reported.

Ergün Turan, chairman of the Housing Development Administration of Turkey (TOKI), said they have completed preparations and are ready to start construction.

Fifteen border gates will also be built along the wall.

The walls on the Syrian border consist of three-meter concrete blocks with one meter of barbed wire at the top.

The Syrian border wall is reportedly the third largest of its kind in the world.

End Item

Construction of Iran’s first nuclear hospital to start on Monday

راديو دارو - محققان ايراني

Tehran (ISNA) – The construction of Iran’s first nuclear hospital will be inaugurated on Monday, May 15 in the presence of head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi, Iranian health minister Seyed Hassan Ghazizadeh Hashemi and a group of Austrian officials.

The ceremony will be held in Nuclear Research Center for Agriculture and Health in Alborz Province, Iran.

The Iran’s nuclear hospital will have the most advanced radio equipment. It will not just be a hospital, but a nuclear research center, where nuclear engineers will work on medical issues.

Proton therapy and Carbon therapy are used for recognition of cancer and preventing the destruction of healthy cells.

Iran is the 6th country in the world that has the technology.

End Item

5th int’l Rail Industry Exhibition opened in Tehran

Tehran (ISNA) - The 5th international Exhibition of Transportation and Rail Industry will be opened Monday in Tehran, Iran.

The exhibition displays passenger rail industry and services in urban, suburban and freight sectors, different types of wagons, propulsion, maneuver, and generator wagons, electric and diesel locomotives, spare parts for buses, freight cars, transport companies, rail companies providing after-sales services, maintenance services, and insurance services.

More than 160 local and 130 foreign companies will participate in this event.

The exhibition will be held May 15-18, 2017 in Tehran and considers as one of the biggest exhibitions in the rail industry in the world.

Countries such as Sweden, Switzerland, Belgium, France, India, Turkey, New Zealand, China, Germany, Italy, Latvia, Spain, Russia, Czech Republic and Serbia will attend in this exhibition.

The event will be host of high-ranking government officials and authorities like First Vice President of the Islamic Republic of Iran and the top managers and directors from Europe and Middle East region.

End Item

Iran to receive 4 ATR airplanes in next few days

atr

Tehran (ISNA) – Iran will receive four new ATR planes in next few days, Secretary of Iran's Aviation Companies Association Maghsoud Asadi Samani announced.

“Iran Air’s officials and technicians are in Toulouse, France, right now to complete the delivery procedure,” he said.

Iran’s national flag carrier Iran Air has signed a contract to buy 20 ATR 72-600 from the French-Italian aircraft manufacturer. Nine of the accorded planes will be delivered to Iran by the end of 2017 and the rest will arrive in 2018.

End Item

Governments should always support scientific research

Tehran (ISNA) - Dr. Reza Ahmadian from Heinrich Heine University Düsseldorf, German emphasized governments had an important role in supporting scientists in their research.

“Even if there isn't practical use for scientific research, it should still be funded. Science is what moves us forward. Is there any practical use for a theoretical physicist? No, but a lot of their work leads to massive inventions. If this scientific growth of Iran continues, it would not be surprising to see Iran as one of the most powerful countries in the field of science in the World,” he said.

Ahmadian who works at Institute of Biochemistry and Molecular Biology II Heinrich Heine University, stated the level of Iranian student knowledge was exceptionally high and he saw them so motivated, so he thought Iran has a good potential in this field.

“With more support from the government, Iran could easily get come to over the top 10 countries not only in stem cell research but also in every field of science,” he noted.

"My suggestion to Iranian students is to stop developing in terms of studies; they know enough, they should start thinking what actually they want to do about 50 years later in their life in this case. I believe they would be successful," he said.

"Our interdisciplinary research group is interested in the identification and functional characterization of integrated biochemical networks and signal transduction pathways involving members of Ras and Rho GTPases, in health and disease" Ahmadian added.

“Mutations in genes which encoding a number of regulators and effectors of Rho GTPases are associated with human neurological diseases and X-linked intellectual disabilities and cognitive disorders. In this context, we seek to delineate molecular determinants of axonal plasticity and dendritic spine formation, using straight forward imaging technologies and various molecular approaches, including confocal microscopy, fluorescence spectroscopy, synaptosomal cell fractionation, infection and expression studies,” he went on to say.

“Currently, we focus on oculocerebrorenal syndrome of Lowe protein (OCRL), oligophrenin (OPHN) and fragile X mental retardation protein (FMRP). Controlling neurite outgrowth, differentiation, and path finding, and dendritic spine formation, maintenance, and turn over, these proteins play key roles in various aspects of neuronal development, plasticity, and brain function,” he continued.

End Item

5.7 magnitude earthquake hits Iran’s North Khorasan province

زلزله

Tehran (ISNA) - A 5.7 magnitude earthquake in Iran’s North Khorasan province killed two people and injured 400 people.

The quake, which struck at 22:31 local time on Saturday in and around the city of Bojnurd, North Khorasan province, killed a 54-year-old woman and a teenage girl.

According to Morteza Salimi, the head of the Red Crescent Society’s rescue and relief organization, the earthquake hit 3 cities and 97 villages of the province which 14 villages suffered up to 70 percent damage.

End Item

Iran’s security forces foil terrorist operation

وزارت اطلاعات

Tehran (ISNA) – Iranian security forces have identified an espionage group and thwarted its plans to perpetrate a terror attack in the country, Iran’s Intelligence Ministry announced in a statement.

During a special operation, Iranian security forces have foiled a terrorist operation and seized explosive materials, according to the ministry.

“The terrorist organization whose hands are tainted with the blood of thousands of innocent people is spying for foreigners,” the ministry said in the statement.

Intelligence Minister Mahmoud Alavi said in April that 30 bombing plots were foiled in Iran since March 2016 and only five of them were publicized.

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About Us

There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

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