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TEHRAN – Over 70 cultural exhibits and 30 craft workshops are underway at museums that are affiliated with the Cultural Heritage, Handicrafts and Tourism Organization. Amongst the hosts are the National Museum of Iran, Sadabad Cultural-Historical Complex, and Niavaran Cultural-Historical Complex, CHTN reported on Tuesday. The scheme that also includes a variety of special meetings […]
Overview The metal industry accounted for 19.81% of the total value added of the entire industrial activities, thus, after chemical materials and products is assumed as the second most important industry. The index for basic metals production increased to 106.4 in the year ended March 2017 (constant price; 2012) up from 2.6% in comparison to […]
 سومین گزارش بین ­المللی اطلاع‌ رسانی فرصت­های سرمایه­ گذاری و تجارت ایران تحت عنوان Invest in Iran; 2020 با همکاری وزارتخانه ­های اقتصادی و اتاق های بازرگانی کشور به زبان انگلیسی ژانویه جاری (دی ماه 98) منتشر می­ گردد که در سطح وسیع داخلی و بین­ المللی در قالب کتاب و نسخه دیجیتال توزیع خواهد […]
The value of Iran’s mineral production will reach $22 billion by the end of the current fiscal year (ending March 19, 2020), says Deputy Industries. The country produced $20 billion worth of mineral products in the last Iranian year that ended on March 20, 2019. According to Sarqeini, $9 billion of the total production last […]
President Maqsood Anwar Pervaiz made the remarks in his meeting with Iranian Consul General Mohammad Baqerbeygi, reported Mehr News Agency. Iran and Pakistan should adjust their policies and revise tariff rates, he said, adding, “Tehran and Islamabad should strive to remove barriers ahead of bilateral trade and business.” He put the annual trade of Iran […]
The initial public offering of FKA Agriculture & Animal Husbandry Company (FKA) has been completed on Iran Fara Bourse Second Market with each share of FKA priced at 8,300 rials. FKA Agriculture & Animal Husbandry Company is the fifth Agricultural company to go public on Iran Fara Bourse stock exchange in the Iranian fiscal that […]
TEHRAN- Production of copper cathode in Iran rose 61 percent during the first ten months of the current Iranian calendar year (March 21, 2018 – January 20, 2019) compared to the same period of time in the past year, IRNA reported. As reported, over 200,000 tons of the product have been produced in the country […]
Iranian lawmakers on Sunday approved an amendment to next year’s (March 2019-20) budget bill obliging the Oil Ministry to offer on a monthly basis 2 million barrels of light crude on the Iran Energy Exchange. According to the parliamentary news website ICANA, the ministry is also obliged to offer 2 million barrels of heavy crude […]
TEHRAN- About 500 kilometers of freeways will be inaugurated throughout Iran by the end of the current Iranian calendar year (March 20, 2019), Transport Minister Mohammad Eslami announced on Saturday, IRNA reported. Two months ago, Iran’s Deputy Transport Minister Kheirollah Khademi had announced that more than 12,000 kilometers of roads and railways were under construction […]
TEHRAN- An official from the Iranian ministry of industry, mining and trade informed that some 576 industrial and mining projects will be inaugurated during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRNA reported on Saturday. “The projects have been implemented using 686 trillion rials (about $16.3 billion) of investments,” […]
TEHRAN- Gas produced in platform 13B of Iran’s South Par gas field was injected to the offshore refinery of phase 13 of the gas field development, Payam Motamed, the operator of this phase, announced. He said the gas received from this platform was injected to the fourth train of sweetening refinery of phase 13 on […]
Tehran’s main stock market closed higher on Saturday buoyed by rising oil prices and renewed appeal toward auto and bank shares. The rise in refinery and petrochemical stocks helped the main index cross the resistance level of 166,000. Oil market got the recent boost after OPEC reported that its December oil output has fallen sharply […]
Investments in Anzali Free Trade Zone amounted to 7.26 trillion rials ($62.7 million) during the first nine months of the current Iranian year (March 21-Nov. 21), showing a 28% rise compared with the similar period of last year. According to Amin Ofoqi, the head of Anzali Trade-Industrial Free Zone Organization’s Public Relations and International Affairs […]
TEHRAN – Deputy Energy Minister Mohammad Sadeghzadeh said 3000 new small-scale solar plants are going to be constructed in the country’s underprivileged and rural areas by the end of the current Iranian calendar year (March 20, 2019), IRNA reported. Sadeghzadeh, who is the Head of Renewable Energy and Energy Efficiency Organization (SATBA) noted that 2000 […]
Iran has specified the amount of prescription medicines passengers are allowed to take onboard international flights. This was notified by Gholamreza Asghari, the head of Food and Drug Administration of Iran, in a letter to Foroud Asgari, director general of the Islamic Republic of Iran Customs Administration, Mehr News Agency reported. Each passenger is allowed […]

On December 29, 2017, Posted by admin , In News, By Banking and insurance in Iran,emerging market,Foreign relations of Iran,invest in iran,investing opportunities,investment opportunity,iran,Iran banks seal deal to get ‘unlimited funds’ from Russia,sanctions against Iran , With No Comments

Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country.Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country.

Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” for development projects to be carried out by domestic and international contractors in the Islamic Republic. 

The Central Bank of Iran (CBI) in a statement said the agreement had been signed between the EXIAR and Bank Sepah, the Export Development Bank of Iran, Bank Parsian and Bank Pasargad.

This followed a basic agreement that the four banks and EXIAR had signed earlier in mid-October, Iran’s IRNA news agency reported.

Iran had earlier been able to seal similar deals with several European as well as Asian financial institutions.

In late September, Austria’s Oberbank signed a major finance deal with over a dozen Iranian banks based on which it would provide €1 billion in credits to the country’s companies that invest in the Iranian economy.

Oberbank’s initiative – that was seen in Tehran as the first of its kind in many years – was followed on the same day by a similar agreement between Denmark’s Danske Bank and several Iranian banks.

Accordingly, Danske Bank would allocate a credit line of €500 million for investments by Danish businesses in Iran.

On a related front, France’s state investment bank Bpifrance (BPI) announced also in September that it planned to provide funds to French companies that invest in the Iranian economy from next year.

BPI France CEO Nicolas Dufourcq was quoted by media as telling reporters that his bank would grant up to €500 million ($598 million) in annual credits to companies that venture into the Iranian market.

Iran begins production of new car with France’s Peugeot

Iran Khodro (IKCO) has opened a production line for two new car models, including one jointly produced by France’s Peugeot SPA.  

The first Peugeot 207 and Dena Plus sedans rolled off the production line near Tehran on Saturday during a ceremony attended by Parliament Speaker Ali Larijani, Iranian news agencies reported.

Dena Plus is an upgraded version of the Dena sedan which Iran Khodro claims offers better safety, having two more airbags.

Peugeot 207 is the same as the Peugeot 207i, with a cargo compartment added to it. Iran Khodro produced about 15,000-20,000 units of Peugeot 207i in 2011 before production stopped the next year when Iran came under intensified Western sanctions.

The model, a supermini produced from 2006 to 2014, is based on the platform of the predecessor model, Peugeot 206, which was replaced by the Peugeot 208 in 2012.

PSA has signed production deals worth 700 million euros with Iran, while Renault has announced a new plant investment to increase its production capacity in Iran to 350,000 vehicles a year.

The French company has yet to start production of the Peugeot 2008 in Iran despite the launch of an assembly line in the country back in March.

As per the joint venture called the Iran Khodro Automobiles Peugeot (IKAP), 70% of parts for Peugeot 2008 will be supplied by Iranian manufacturers. The car’s body will also be produced by an IKCO subsidiary.

The deal requires production of more than 30,000 units this year but only four Peugeot 2008s have been produced so far, with IKCO having to import pre-owned cars for delivery from France.

The production line of Peugeot 2008 at Iran Khodro which began on May 2, 2017

Since the lifting of sanctions in January 2016, French automakers have piled into Iran’s resurgent market, helping turn around a period of slipping sales which occurred when they left the country in 2012.

On Saturday, Fars news agency cited data released by Renault as showing year-on-year growth of 54% in sales to Iran where the automaker sold 144,862 cars in the year up to November.

With US President Donald Trump having put the future of the landmark nuclear deal in doubt, Iran’s Ministry of Industry, Mine and Trade officials have tried to give assurances that the new contracts with the French automakers were watertight.

Both Renault and Peugeot withdrew from Iran in 2012 when the country came under the Western sanctions.

Deputy Minister of Industry, Mine and Trade Mohsen Salehinia said last month he was optimistic about foreign companies holding their ground in case the Americans toughened their measures against Iran.

Iraq bans import of some Iranian crops - Mehr News Agency agriculture TEHRAN, Jan. 07 (MNA) – The head of the national union of Iran’s agricultural Products reported that Iraq continues to ban the import of some crops from Iran, stressing the need for economic diplomacy to resolve the issue.

Seyed Reza Nourani told Mehr News Agency on Sunday “the Iraqi government has now banned the entry of some Iranian crops including lettuce, turnips, beets, cabbage and cauliflower into its country,” adding that the ban has been in place since last week.

Referring to the fact that this is not the first time the Iraqi government bans crops import from Iran, he added "the Iraqi government has previously banned importing some other products from Iran including watermelons, potatoes, apples, tomatoes, and so on.”

Nourian stressed the need for resolving the issue saying “unfortunately, we are always faced with a new issue in our trade with Iraq,” adding that the Iraqi government has not elaborated on the ban yet.

He pointed out that these bans have so far hurt the Iranian farmers severely.

In response to a question regarding the extent of Iran’s agricultural export to Iraq, the head of the national union of Iran’s agricultural products said that Iraq is one of major markets for Iranian crops while he stressed that Iraq cannot easily replace Iran with another country in securing its agricultural products.  

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Economic growth to hit 4.1% this year - Mehr News Agency

Iranian Parliament Research Center:

inflation TEHRAN, Jan. 07 (MNA) – In its latest report, Iranian Parliament Research Center put the country’s e economic growth in the current year at 4.1 percent.

In addition, the Center put the inflation rate in the current year (to end March 20, 2018) at 10.5%.

Turning to the situation of tax income, economic growth oil price and inflation rate, the Center added, “change of main factors affecting tax incomes will determine the rate of collections in coming years.”

Also, estimates indicate that the annual inflation rate will hit from nine percent in the past Iranian calendar year in 1395 (ended March 20, 2017) to 10.5 percent in the current Iranian calendar year in 1396 (to end March 20, 2018).

In the same direction, the oil export price will hit from $44.2 in the past Iranian calendar year to $55 in the current Iranian year in 1396 (to end March 20, 2018).

According to the Monetary and Banking Research Center, probable increase of oil price in the coming year can help considerable growth of imports volume to the tax resources of the coming year due to the direct effectiveness of the rate of oil incomes on the tax income, the report added.

With regard to the inflation, considerable growth in general level of prices in the next Iranian calendar year is predicted higher than the inflation rate in the past Iranian calendar year, the issue of which can have a positive growth on the growth of collection of tax incomes in the coming year than the current year, the Center concluded.

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Nonoil export from E Azarbaijan province at $1.5 bn in 9 months - Mehr News Agency عملیات بارگیری دارو و تجهیزات پزشکی مراسم اربعین TEHRAN, Jan. 07 (MNA) – About $1.5 billion worth of nonoil products was exported from East Azarbaijan province to various countries of the world in the nine months of the current Iranian calendar year in 1396 (from March 21 to Dec. 22).

The Director General of East Azarbaijan province Industry, Mine and Trade Organization Hossein Nejati made the above remark, saying, “the aforementioned volume of products was exported to about 101 world countries in the same period.”

He put the value of products exported from East Azarbaijan province to other countries at about $200 million, showing a considerable hike as compared to the same period of last year.

Nejati also put the value of products exported from this province in the nine months of the past Iranian calendar year (from March 20 to Dec. 22, 2016) at about $1.3 billion, showing a considerable growth as compared to the last year’s corresponding period.

Elsewhere in his remarks, the director general added, “of total products exported to overseas from this province, 45.5 percent of which was industrial products while the rest products were related to the petrochemical, agricultural, carpet, handicrafts and metal industries.”

Export of products from customs offices of the province in the past nine months was negative while export of products from provincial customs offices in the current year turned positive, he emphasized.

The provincial products have mainly exported to the neighboring countries of Iraq, Turkey, Afghanistan, Armenia, Georgia, Republic of Azerbaijan, Russia, Pakistan, Italy and Bulgaria, Nejati concluded.

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3rd freight train from China to arrive in Tehran within days - Mehr News Agency Yinchuan-Tehran freight train TEHRAN, Jan. 06 (MNA) – An official from Iran’s railways organization said on Saturday that the third freight train has left China for Iran and will arrive in Tehran later this week.

Seyed Mostafa Davoodi from Iran Railway Company said that Iran has already been negotiating with neighboring and regional countries to develop international transit corridors, and said the third freight train from Xi'an province in western China will arrive in Iran later this week, adding that it is carrying 41 wagons.

He added that multilateral agreements have been concluded with China, Kazakhstan and Turkmenistan on the origin and destination of the travel, as well as the tariff rate.

China is trying to revive the old Silk Road and Iran’s government has welcomed the project with the aim of turning the country in an Eurasian trade hub. The first freight train to travel the old silk road arrived in Iran in February 2016.

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NIGC still after exporting gas to Georgia - Mehr News Agency Iran-Georgia TEHRAN, Jan. 06 (MNA) – Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araghi said that the contract to export Iran’s gas to Georgia is still being negotiated between private sector, Georgia, Armenia, and Iran.

“The contract for the export of gas to Georgia has not been ruled out yet and if the agreements get finalized, the private sector will export Iranian gas to Georgia through Armenia,” said Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araghi.

Mr. Araghi who also serves as Iranian Deputy Oil Minister for Gas Affairs made the remarks on Saturday.

“Iran’s geographic conditions are fit to make it possible to export gas to many countries, including Georgia, but these exports should be made through the soil of Armenia,” asserted the official.

He recounted that to put the plan into practice and finalize the deal there are many requirements to be met including the agreement with Armenia, export infrastructures, and reasonable price.

“If Iran, Armenia, and Georgia agree on gas deal, the private sector should buy gas from Iran and pay the price for swapping gas between Iran and Armenia to get gas enter Georgia,” he said.

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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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