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There is no doubt, Iran has a lot of potential. It is a country that boasts a domestic market of 70 million people, 11% of the world’s proven oil reserves, 15% of the world’s proven gas reserves, 11 petrochemical complexes, 3 major steel plants and much more.

Best Investment in Iran !

Based on the client requirement, different investment plans suits and fulfill your business and invest requirement.


Highest education rate in region

Low Costs

Cheap and abundant raw materials, energy and transportation


High rate of Internet penetration and access to online shopping (74%)

Tax Free Zones

Iran has dozens of Tax Free & Special Economy zones

TEHRAN, January 7- Iranian Assembly of Experts issued a statement on Saturday sympathizing with the bereaved families and condemning the rioters of the recent unrest in some cities of Iran.

Assembly of Experts thanks Iranian nation for foiling plotsTEHRAN, Young Journalists Club (YJC) -Iranian Assembly of Experts issued a statement on Saturday sympathizing with the bereaved families and condemning the rioters of the recent unrest in some cities of Iran. 

After a week of riots in some cities of Iran, Iranian Assembly of Experts issued a statement on Saturday offering sympathies to those families who have lost dears in the recent unrest and appreciating the huge turnout of people in anti-riots rallies.

Also police and security forces are thanked in this announcement and the participation of the nation in the rallies is described as the key to foiling the enemies’ plots against the Islamic Republic of Iran.

The statement also acknowledges the rights of those who are unhappy with economic conditions and especially those who have been swindled out of their money by some credit institutes and banks.

The Assembly of Experts urged the government and relevant bodies to pay attention to what has happened to those classes of society affected by economic conditions and condemned the opportunistic abuse of the protests by those who turned the peaceful protests into riots.


TEHRAN, January 6 - A magnitude 5.1 earthquake has jolted the country's western province of Kermanshah.

5.1 magnitude earthquake rocks Iran's western KermanshahTEHRAN, Young Journalists Club (YJC) - The earthquake came at 6: 62 pm local time in Kurdish town of Sarpol-e Zahab, about 520 kilometers, or 320 miles, west of Tehran on Saturday.

People took to the streets immediately after the earthquake. Earthquake evaluation teams have been dispatched to the affected area and no report of possible casualties is available.

No damage has been reported so far based on what the evaluation teams have said.

The quake's depth was eight kilometers, or 5 miles.

Earlier in November, a magnitude 7.3 earthquake struck western Iran, killing more than 600 and injuring more than 9,000. Sarpol-e Zahab suffered half of the temblor's casualties.

Iran is located on major seismic faults and experiences almost a quake per day on average.

A magnitude 6.6 earthquake flattened the historic city of Bam in south Iran and killed 26,000 people in 2003.

TEHRAN, January 6 - Iranian Intelligence Minister Mahmoud Alavi reiterated that the country would give a crushing response to terrorist groups soon.

Iran to give ‘crushing response’ to terrorist, anti-revolution groups, warns ministerTEHRAN, Young Journalists Club (YJC) - Iranian security forces will give a ‘crushing response’ to terrorist and anti-revolution groups soon.

He said that Iranian youth always foil evil plots of enemies with their bravery.

“Terrorist groups should know that they cannot weaken will of Iranian youth.”

Last Thursday, Iranian security forces dismantled a terrorist group and arrested its members in the country’s northwestern province of West Azarbaijan, the Intelligence Ministry said.

The ministry issued a statement, saying the terrorist group “which had infiltrated into Iran with the aim of fueling the recent unrest” were put under surveillance in the city of Piranshahr.

The terrorist group engaged in armed confrontation with Iranian security forces on Wednesday, during which they used a local woman as a human shield and killed three Iranian security forces, the statement added.

One terrorist was killed and several others were injured during the operation. A number of their weapons and explosives as well as a notebook containing guidelines for creating unrest were seized, according to the statement, according to Presstv.

TEHRAN, January 6 - Iran exported $950 million worth of dried fruit over the course of eight months since March 2017, the head of the Trade Promotion Organization of Iran said.

Iran keeps global market for nibbles stocked upTEHRAN, Young Journalists Club (YJC) - Pistachio nuts were the most important export item which brings the country $1 billion-$1.2 billion in hard currency revenues a year, Mojtaba Khosrotaj said on Saturday.

Exports of the split-shelled nibble, however, dropped 22% in the first six months of the current Persian year, failing to match the figures during the same period a year ago when most of the produce was exported.

“Given that exports of other dried fruit data-x-items have grown, it is anticipated that the deficit will be offset by the end of the year,” Tasnim news agency quoted Khosrotaj as saying.

Head of the Iran-China Chamber of Commerce Asadollah Asgaroladi said 250,000 tonnes of pistachio nuts are produced a year, of which 150,000-160,000 tonnes are exported.

Iran is the world’s biggest pistachio exporter, a position it has maintained thanks to the premium quality of its crop in the face of stiff rivalry from the US.

Pistachio cultivation has a long tradition in Iran where for centuries, farmers relied on a web of underground canals known as “qanats” that carried water from under mountains to the arid plains.

A rampant use of electric pumps and chaotic extraction of water from deep wells has left water tables severely depleted and saline as qanats - one of the world’s most sophisticated irrigation systems - have been phased out.

Asgaroladi put dried fruit exports at 2 million tonnes a year, citing dates another important export crop. He said Iran produces 2 million tonnes of the crop a year, of which 200,000 tonnes is exported.

Overall, Iran produces 117 million tonnes of agricultural products a year, with horticultural crops accounting for 30 million tonnes of the figure.

Because of its unique ecology and rich soil, Iran is one of the largest fruit producers in the Middle East and North Africa, where the diversity of climatic zones makes it possible to cultivate an assorted group of crops.

The Iranian plateau is believed to be the homeland to a number of fruits, vegetables and ornamental plants such as Persian walnuts, pomegranates, peaches, spinach and tulips.

According to Iranian officials, as many as 240 million people across the region savor Iran’s horticultural products, primarily pomegranates, pistachios, saffron, figs, raisins and dates.

The country is the world’s seventh largest producer of citrus fruits, including a variety of oranges, tangerines, limes and lemons.

Agricultural exports exceed $6 billion a year, where horticultural products account for half of the earnings, with livestock and poultry coming next with a share of about 25% and crops with the other 25%.

Agriculture accounts for 13% of Iran’s GDP and over 20% of its employment. The sector has traditionally been the key source of food and livelihood security over millennia despite losing much of its significance since the country struck oil.

Source: Presstv

TEHRAN, January 6 -Iran’s Defense Minister Amir Hatami said that Iran will hold a conference on investment opportunities and sustainable development in Makran coast.

Iran to hold conf. on investment opportunities in MakranTEHRAN, Young Journalists Club (YJC) -Iran’s Defense Minister Amir Hatami said that Iran will hold a conference on investment opportunities and sustainable development in Makran coast.

Brigadier General Amir Hatami said on the sideline of the defense ministry strategic session that a conference on investment opportunities and sustainable development in Makran coast will be held in Tehran on March 2018. “This conference will definitely be a great chance for domestic and foreign private sector investors to become familiar with the unique opportunities in petroleum and gas, transit and transportation, tourism and the development of new urban areas.”

He discussed the programs of the 12th administration for introducing the investment opportunities of the region to investors and added “taking into account the remarks of Ayatollah Khamenei on developing Makran coast and the macro programs of the government to implement the resistance economy policies, studies concerning the comprehensive plan on zoning the area and other economic, social projects along the region have been carried out.”

He mentioned some of the completed projects in the current year such as increasing the admission and clearance capacity of Shahid Beheshti Port from 2.5 million tons to 8.5 and the opening of the National Airport of Jask and said “the government has adopted valuable measures to develop the coast. We hope these measures to provide the bases for the contribution of investors to the region.”


TEHRAN, January 6 - A political analyst says the United States has used the UN Security Council as a tool to advance its “own sinister purposes” and bully the Iranian nation.

US used Security Council as tool to bully Iran, advance own agenda: AnalystTEHRAN, Young Journalists Club (YJC) -A political analyst says the United States has used the UN Security Council as a tool to advance its “own sinister purposes” and bully the Iranian nation.

“This is really a disgrace for the United States to instrumentalize and abuse the Security Council for its own sinister purposes,” Kaveh Afrasiabi told Press TV on Saturday, referring to a meeting on Friday held at the 15-nation UN body at Washington’s on the latest developments inside Iran.

He said, however, that such US moves does not surprise “anyone who is familiar with the US’s hegemonic efforts and the bullying tactics at the UN and beyond,”

Afrasiabi described the meeting as “a source of embarrassment” for Washington, saying this led to further isolation of the US on the international stage.

Source:Press TV


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There are two different exchange rates of U.S. Dollar against Rial in Iran, official and unofficial exchange rate. Official rate has been allocated in imports of essential goods and services which determines by the government; however, unofficial exchange rate that determines in the free market according to supply and demand in the market. The unofficial exchange rate has increased by 15% from 21st March 2017-2nd January 2018, and the official exchange rate has enlarged by 11% during the mentioned period. On 2nd January 2018, the official exchange rate of Dollar was 36,095 Rial and the unofficial exchange rate was 43390 Rial. Central Bank of Iran has a specific instruction to calculate the official exchange rate. It assumes a portfolio as the traded currencies in certified exchange houses, then, official exchange rate has been calculated based on primary currency rates after reduction of commission as well as two percent of calculated rate. These two different currency rates and allocating the official rate to some of essential goods lead to lack of transparency and propagation of corruption. As a result, the government is deciding to unify the exchange rate in order to overcome the mentioned problems and also through this they can support domestic productions and prevent import of unnecessary goods. As a result, it’s so important to predict the effect of increase in official exchange rate on the companies.

Petrochemical industry has been influenced a lot in Iran by increment of official exchange rate, because raw materials and products have been priced by official and unofficial exchange rate respectively. As a result, the petrochemical companies have gained an easy profit due to the difference between two exchange rates, the lower rate for raw materials and the upper one for products. Then the increment of official exchange rate will increase the petrochemical companies’ cost of goods sold and also their earning per share will collapse.

The second one is pharmaceutical industry that its earning per share would be decreased as same as petrochemical industry due to increment of raw materials’ prices in production process as their raw materials prices follow the official rate of Dollar, as a result, their margin will be decreased.

The third one is tire manufacturing industry. Official exchange rate has been allocated to forty percent of imported natural rubber and also, some of its artificial rubber, as a result, increment of official exchange rate would not be good news for this industry and their earning per share would be plunged.

The other one is oil refining industry that not only its raw material, but also its productions have priced by official exchange rate, by this way, its earning per share would be soared by increment of official exchange rate although the profit margin would not be increased due to increment of sale and cost of goods sold.

The last ones are contracting and excavation industries which their contracts are based on official exchange rate, by this way, their earning per share would be increased by increment of official exchange rate.

The market share of important industries in Iran’s capital market are as follows in 2nd Jan 2018:


As a result, oil refining industry is the most important industry which has been influenced by increase in exchange rate in a positive way. The forecasted EPS for some major companies have been calculated based on the same data as this year just in different official exchange rate of Dollar in both of sale of products and cost of goods sold. It’s crystal clear that how much they gain more when the official exchange rate soars.


*Earning Per Share

**Assumption: official exchange rate of Dollar for coming year = 39,000 Rial and official exchange rate of Dollar for this year = 33,000 Rial

The Consumer Price Index (CPI) increased 0.4 percent in the month of the Iranian year “Mehr” (ending October 22). The inflation rate has advanced 9.8 percent over the last twelve months.

Summary Results of the CPI for Mehr (October 22); (1395=100)


The food and beverages index decreased 0.5 percent in Mehr, mainly due to the decreases in the indices for poultry by 11.4 percent, lettuce 9.3 percent, pomegranate 9.0 percent, and apple 8.7 percent.

The index for tobacco decreased 0.1 percent in Mehr, largely due to the decrease in the index for imported cigarettes by 0.2 percent.

The clothing and footwear index increased 0.7 percent, mostly as a result of the increases in the indices for “ready to wear clothing”, “footwear” and “tailoring, cleaning and laundering wage” each by 0.7 percent, and clothing materials 0.4 percent.

The housing, water, electricity, gas and other fuels index went up 0.5 percent which was attributed to the advances of the indices for “rental equivalence of owner occupied houses” by 0.5 percent, “rent of residential houses” 0.6 percent, and maintenance and repair services of the dwelling 0.7 percent.

The furnishings, household equipment and routine household maintenance index rose 0.3 percent, largely due to the increases in the indices for “goods and services for routine household maintenance” by 0.6 percent, “glassware, tableware and household utensils” 0.6 percent, and household appliances 0.4 percent.

The index for health increased 0.5 percent, mostly as a result of the increases in the indices for hospital services by 0.8 percent, medical, paramedical and dental services 0.7 percent, and medical products, appliances and equipment 0.1 percent.

The transport index went up 0.7 percent in Mehr that was principally attributed to the increases in the indices for “personal transport vehicles” and “passenger transport by road” each by 1.0 percent, and operation of personal transport equipment 0.2 percent.

The index for communication turned up 0.5 percent, mostly as a result of the increase in the index for telephone and telefax equipment by 2.9 percent.

The recreation and culture index rose 1.0 percent in Mehr, largely due to the increases in the indices for newspapers, books and stationery by 6.9 percent, audio-visual, photographic and information processing equipment 0.8 percent, and other recreational items and equipment 0.7 percent.

The education index advanced 5.6 percent over this month, mostly as a result of the increase in the index for private schools and supplementary courses tuition fees by 10.7 percent.

The index for restaurants and hotels rose 0.9 percent, mainly due to the advances in the indices for catering services by 1.0 percent, food away from home 0.9 percent, and accommodation services 0.9 percent.

The miscellaneous goods and services index increased 0.5 percent in this month. Increases in the indices for “personal care” and “personal effects” each by 0.6 percent, and nursery schools tuition fees 0.8 percent were the major reasons for this rise.

Copper hit a multi-year high on Thursday, reaching $7,260, levels not seen since early 2014. Although it stepped back a bit from its fresh high on Friday’s session, but overall, 2017 was a brilliant year for the red metal as it ended the year with more than 30% rise.

Multiple reasons have caused such a growth where strong demand in power and construction sections in top consumer China and supply disruptions in top producer Chile along with the plunge in the US dollar were among the most influential ones.

Now the question is that how much more space does the recent rally has to go. To find it out, let’s have a more precise look to the Copper chart and try to find the probable reversal points through the technical analysis.

As it’s obviously shown on the weekly chart below, the main trend is up since late 2016 after that the metal succeeded to break above its multi-year declining channel.  As depicted, all the price fluctuations from early 2017, have formed a bullish channel, providing good entry and exit opportunities each time bouncing from either sides.

More technically speaking, the price has recovered 50% of the 2011-2016 high to low with no signs of weakness so far as it hits higher highs and keeps higher lows valid. MACD and OsMA oscillators suggest higher prices as no sign of regular divergence between price and oscillator is detected. The next main target in midterm is located at $7,900 area, equivalent to 61.8% Fibonacci Retracement of so-called decline along with the upper band of last year’s upward channel.

Looking closely to the chart, reveals a bullish head and shoulder price pattern with the same target mentioned above from the neckline (shown on the chart below).

Accordingly, the time retracement of the falling swing, shown on the chart, is getting close to its 38.2%, which is one of the most important resistive time zones to expect to form a top.


Putting all previously mentioned factors together encourage us to state that one of the most solid resistive zones, either from the price or the time perspective is due in near future, meaning that we believe the market is going to form a major top around $8,000 in coming weeks before any significant decline.

The first refinery which is under construction and uses gas condensate feedstock in Iran is Persian Gulf Star Gas Condensate Refinery. It belongs to Persian Gulf Star Oil Company. The main purposes of establishing this refinery are as follow:

  • Self-sufficiency in producing high quality petrol
  • Refinement of 360,000 barrels gas condensate per day from South Pars reservoirs
  • Production consistent with European quality standards
  • Creating higher value added than crude oil refineries
  • Preventing export of raw materials and as a result, completing the value chain of production
  • More job creation
  • Increase in GDP

Persian Gulf Star Refinery has been setting up in the form of three phases with the capacity of 36 million liters of petrol and 14 million liters of gasoline in accordance with Euro IV standards (the fuel with 35% aromatics, 18% olefins, 1% benzene, 2.7% oxygen and 50 ppm sulfur) which will lead to production of 100 million liters of petrol per day in Iran. However, Iran’s average production of petrol and Euro IV petrol were 74.400 and 25.824 million liters per day respectively in the first eight months of the current solar year. In November 2017, by operation of the first phase of Persian Gulf Star, the production of this refinery has reached to 12 million liters of Euro IV petrol, 4.5 million liters of Euro IV gasoline, 1 million liters of Euro IV kerosene and 1.3 million litters of Euro IV LPG.

At the moment, Iran’s consumption of petrol was about 75 million liters per day in the first six months and 85 million liters per day in the second six months of the year on average during the last few years. It should be noted that, annual petrol consumption growth is about 6-8% per year in this area. According to the reported amount of daily petrol’s production as mentioned earlier, Iran is forced to cover its surplus petrol demand through importing of about 12 million liters petrol per day. The foresaid procedure will continue until the production of petrol at least rise 10 times more than growth in consumption. After that all three phases of Persian Gulf Star Refinery start to operate, Iran can benefit from its different advantages and the main one is achieving self-sufficiency in covering domestic demand beside turning into one of the main petrol exporters in the area.

According to the latest research released by , the average retail price of petrol in the world is about 1.1 Dollars per liter which is different in one country compared to another. Generally, it can be said that lack of development, low income per capita and poor transportation systems usually lead to more subsidies by the government to energy carriers and finally lower petrol prices in the countries. Normal and super petrol prices in Iran are 23.8 and 28 Cents per liter respectively, while according to the Argus Journal, petrol price for Persian Gulf FOB is 43 Cents per liter on average. Setting up of all phases of Persian Gulf Star refinery and following that, export of petrol by Iran can be a great step to higher quality of petrol produced in this country and realization of petrol price in order to maintaining competitive power in the area.

To sum up, operation of phases 2 and 3 of Persian Gulf Star Refinery, as the biggest gas condensate refinery in the Middle East area, will need about 100 and lower than 100 million Euros respectively and therefore considering vast opportunities which are available in this sector, it can be attractive for investors from Iran and also foreign investors.

A Study of Common Economic Cooperation Areas between Qazvin Province and the Republic of Uzbekistan A Study of Common Economic Cooperation Areas between Qazvin Province and the Republic of Uzbekistan

at a meeting concerning  the foreign investment which was held at  the hall of the meetings of the General Directorate of Economic Affairs and Finance of the province with the topic of economic cooperation between Qazvin province and the Republic of Uzbekistan.

According to the Public Relations Department of the Department of Economic Affairs and Finance of Qazvin Province, Seyed Mohammad Ali Ghasemi, Director General of Economic Affairs and Finance of the province, referred to the Capabilities and potentialities of Qazvin province in various economic sectors, on the existence of favorable and suitable fields of cooperation,stated about the possibility of the economic cooperation of the two sides .

He emphasized on strengthening  relations and increasing  their relations thanks to  the existence of religion, culture and language as well as the proximity of the two countries of Iran and Uzbekistan.

Dr. Maryam, an investment applicant from Uzbekistan, emphasized the need to strengthen mutual economic activities, and expressed her interest in developing and expanding interactions with the Islamic Republic of Iran in all fields, especially in the economic sphere.

It is worth noting that during this meeting the follow-up of the sisterhood of Qazvin and Bukhara cities, the fields of business cooperation and investment of capital and business owners in Qazvin province and Uzbekistan, and the presence of a delegation from Qazvin province to Uzbekistan and the signing of a memorandum of cooperation Economic was considered.

Jan 2, 2018 11:32
Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province

Implementation of technical services projects in the field of air and space and production of industrial molds by using foreign investment in Qazvin province

A Meeting on obstacles to foreign investment in the province with the presence of Dr. Manouchehr Habibi, Deputy Minister for Economic Affairs and Development of the Provincial Governorship, Seyed Mohammad Ali Ghasemi, Deputy Minister and Director General of Economic Affairs and Finance of the Province, representatives of relevant executive agencies and foreign investment in the session hall of the General Directorate for Economic Affairs  the province was held.

According to the Public Relations Department of the Qazvin Department of Economic Affairs and Finance, Sayed Mohammad Ali Ghasemi, VICE-PRESIDENT of the Provincial Investment Services Center, pointed out the willingness of foreign investors to invest in the province of Qazvin, on the need to pay attention to the analysis of the business environment of the province and expedite In issuing investment licenses, priority projects of the province were emphasized.
Referring to the responsibility of all executive agencies of the province in realizing the resistance economy, he highlighted the attraction of capital from abroad in the form of energy production, industrial, service and agriculture projects as the country's economic priorities, and to follow the approval of foreign investment projects in the field of services Aerospace engineering, packaging and warehousing, and four investment plans in the field of new energy for the Foreign Investment Board of the country.
He also stressed the commitment of the Foreign Investment Services Center to expedite the procedures and the issuance of the necessary licenses as soon as possible, adding: "We are all responsible for this issue and we must recognize this as our duty."
It is worth noting that in this meeting, it is possible to execute the foreign investment plan for technical and engineering services in the field of space, to make large-scale plastic injection molds inside the country and to study the problems in implementing foreign investment projects in the province in the fields of solar power plants. Small and Medium-Sized ones(CHP) were discussed and follow-up and coordination was needed to resolve the problems.

Dec 31, 2017 09:31
In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company

In order to pursue foreign investment projects in the province: the Director General of Economic Affairs and Finance of the province visit EKOL company

Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance of Qazvin Province, visited the company's first project in the field of transportation and logistics, EKOL .

At the beginning of the visit, at a joint meeting with project managers, Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance of the province, aimed to follow the visit to track the problems and inform the progress of the project, adding: We would like to see the company EKOL according to capacity And their experiences have a more and more serious presence in Qazvin province and other parts of the country.

He also added that the company's foreign capital registration at the Iranian Investment and Investment Facility could help to facilitate the implementation of this project and benefit from incentives, legal protections and non-commercial risk guarantees by the Iranian government.

The representative of the European Logistics Company (EKOL ) presented a report on the progress of the project and expressed hope that the project will be operational by the end of September next year. .

He provided explanations on the implementation of new projects in Qazvin province and negotiations with Henkel companies and the Economic Special Economic Zone.

It is noteworthy that EKOL is one of the major transport and logistics companies in Europe, which is active in 14 countries and the company's investment volume in Qazvin province is 50 million euros.

Dec 31, 2017 09:12

News Detail

Vice-President of the Qazvin Investment Services Center said that we are welcoming and supporting the construction of a helicopter offered by one of the country's elites. Vice-President of the Qazvin Investment Services Center said that we are welcoming and supporting the construction of a helicopter offered by one of the country's elites.

According to the Public Relations Department of  Economic Affairs and Finance General Office of Qazvin province, Seyed Mohammad Ali Ghasemi, the representative of the Minister and Director General of Economic Affairs and Finance General Office of the province, told journalists of the media that the meeting hall of the General Directorate for Economic Affairs and Finance said: "Due to the abundant capacities And well-established infrastructure, favorable conditions for the presence of domestic and foreign investors in Qazvin have been created and we are trying to attract more applicants in the province by streamlining affairs.
Vice-President of the Provincial Investment Services Center said: "In a good case, we were able to encourage one of the young elite and young scientists interested in investing in space in the province , and we are trying to facilitate the realization of this important issue." .
Ghasemi said that  this young elite's the plan who has won gold, silver and bronze medals in several international scientific festivals and honors the country has been welcomed by some officials, and, following the follow-ups and coordination, the preparations for the issuance and Obtaining the required permissions.
Ghasemi added: "We support  domestic and foreign investors as our mission, and we will vigorously support those with a high level of investment and with the necessary economic justification

Dec 31, 2017 07:53

In comments at a press conference on Sunday, Hossein Alaei said Aseman Airline has plans to boost its fleet with modern planes.

A total of 15 Boeing, Airbus and Fokker planes have joined the fleet of Aseman over the past three years, he added, expressing the hope that an agreement with US aircraft manufacturer Boeing would come into force without the US administration’s obstruction.

In April 2017, Aseman signed a major contract with Boeing to purchase 60 passenger jets.

Aseman is going to receive 30 Boeing 737 MAX airplanes with a list price value of $3 billion under the contract, which also provides the Iranian airline with purchase rights for 30 additional 737 MAXs.

In the meantime, the managing director of Atiyeh Saba Investment Co. said on Sunday that Aseman would take delivery of the first Boeing plane in 2020.

Iran is gradually receiving the passenger planes purchased from Airbus, ATR , and Boeing, following the implementation of the JCPOA, a nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Since the coming into force of the JCPOA in January 2016, Iran has received a total of 11 new planes.

During a January 2016 visit to Paris by Iranian President Hassan Rouhani, Tehran signed a major contract with Airbus worth about $27 billion to buy 118 planes.

Later in June 2016, Iran sealed another deal worth around $25 billion with the US aerospace heavyweight, Boeing, for the purchase of 100 passenger planes.

In December 2016, the deal with Boeing was finalized, allowing Iran to buy 80 planes within 10 years.

In an interview with Tasnim on Saturday, Asadollah Asgaroladi pointed to the rising number of Chinese delegations visiting Iran to weigh investment opportunities, saying that misleading reports would only hamper foreign investment in the country.

According to Asgaroladi, four major Chinese delegations from the automobile, mining and food industries are planned to visit Iran from the next two weeks to evaluate the situation for investment.

As regards the obstacles to banking ties between Iran and China, he said an Iranian delegation including representatives from the Central Bank of Iran and the Ministry of Industry would travel to China to address the issue.

Last month, Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said Iran and China’s economies are complementary, proposing the formation of a joint working group to pursue business negotiations and promote cooperation between the two countries’ private banks.

In January 2016, China’s President Xi Jinping paid an official visit to Iran and signed several agreements to enhance political and economic interaction with Tehran.

Unveiling plans for a huge rise in trade ties between Tehran and Beijing, Iranian President Hassan Rouhani announced at the time that the value of bilateral economic exchanges is expected to rise to $600 billion within 10 years.

According to the Chinese government on Sunday, the tanker carrying Iranian oil and operated by the country’s top oil shipping operator was ablaze and spewing its cargo into the East China Sea on Sunday after colliding with the Chinese ship.

The Sanchi tanker registered in Panama, collided with the CF Crystal some 160 nautical miles off the coast near Shanghai on Saturday evening, the Chinese ministry said in a statement on Sunday, media reports said.

The tanker’s 32 crew members were missing on Sunday, including 30 Iranians and 2 Bangladeshis. Search and rescue operation is underway. 

All 21 members of the Crystal’s crew, all Chinese nationals, were rescued, the ministry said.

It was not immediately clear what caused the collision.

Meantime, a  senior official at Iran’s Oil Ministry said the tanker was under the effective coverage of a credible foreign company.

It was sailing from Iran to South Korea, carrying 136,000 tons of condensate, an ultra-light crude. That’s equivalent to just under 1 million barrels worth around $60 million based on current global crude oil prices.

“Sanchi is floating and burning as of now. There is an oil slick and we are pushing forward with rescue efforts,” the ministry said, adding it had dispatched four rescue ships and three cleaning boats to site as of 9 a.m. (0100 GMT).

South Korea has also sent a ship and helicopter to help.

This is the second collision involving an NITC-operated vessel in recent years. An Iranian supertanker hit a container ship in the Singapore Strait, with no loss of life or pollution, in August 2016.

Speaking to reporters on Saturday, Brigadier General Amir Hatami said the major conference on investment opportunities in Makran and sustainable development of the coastal area will be held in Tehran in the Iranian month of Esfand, which falls in February and March.

The conference would provide a great opportunity for domestic and foreign private sector investors to know about the unique options available in the region in the oil and gas industry, transportation, tourism and urban development, he added.

The strategic Makran region has attracted the attention of many Iranian decision-makers and military officials, particularly after Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei stressed the need for development of the region.

In 2014, in a meeting with high-ranking Navy commanders, Ayatollah Khamenei said the issue of development of the coasts of Makran is a major task and plans for that region should be carried out more rapidly.

Michael Tockuss, head of DIHK e.V., added that German exports to Iran grew by more than 27 percent year-on-year from 2015 to 2016, and remain on a steep upward curve, according to Deutsche Welle (DW) on Tuesday.

"Germany's trade surplus with Iran is massive," Tockuss said.

"But that's nothing new. The Iranians complain about it from time to time, and we try to find ways to encourage more Iranian exports into Europe and Germany, but we've been running big trade surpluses with Iran for forty years,” he added.

One might imagine that trade between Iran and Germany is about sending oil in one direction, and automobiles in the other, but that's incorrect, Tockuss continued.

"We (Germany) don't buy crude oil from Iran," he said.

"Our refineries aren't designed to deal with the high-sulfur crude Iran produces. Only Italy and Greece have refineries that can process it, so they're the main European importers of Iranian oil."

"Around 60 percent of Iran's total trade revenues come from oil and gas sales. That's a lot — but the other 40 percent are important too. Iran's economy is the most industrially diversified in the region,” Tockuss went on to say.

Diplomatic and trade relations between Iran and European countries, Germany in particular, have improved greatly since the 2015 nuclear deal between Tehran and world powers, known as the Joint Comprehensive Plan of Action (JCPOA), came into force in January 2016.

The loading of the gas platform 14A on to a ship off the southern port city of Bandar Abbas started on Tuesday morning.

The drilling rig is planned to be installed on Phase 14 of the South Pars gas field in the Persian Gulf waters.

The giant platform, whose installation is slated to end by January 20, will produce 500 million cubic feet of natural gas, starting from February 11.

Back in April, the South Pars Phases 17, 18, 19, 20 and 21 were inaugurated by Iran’s President Hassan Rouhani.

The gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar.

It covers an area of 9,700 square kilometers, of which 3,700 square kilometers belongs to Iran.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place. 

“Eradicating hunger in our lifetime is not a dream as solutions emerge through innovative agricultural techniques and improving food consumption habits,” Gangi said in an article on the occasion of the new Gregorian calendar year.

Following is the full text of the piece: 

Over the past decades, there has been progress in the fight against hunger in some countries around the world, and not least in the Near East and North Africa (NENA) region. However, despite all efforts that have been undertaken to address hunger, a substantial proportion of the earth's population continue to go to bed hungry. 

Moreover, hunger is again on the rise, and this after more than 10 years of decline. More than 800 million people in the world are estimated to have suffered from hunger in 2016, of which 40 million were in the NENA region, more than its proportional share of world population. In addition to that, almost all countries of our region are confronted with different forms of malnutrition where, hunger, stunting, wasting and obesity go hand in hand, reflecting a wider problem with our food systems from production to consumption.

Eradicating hunger in our lifetime is not a dream as solutions emerge through innovative agricultural techniques and improving food consumption habits. Countries throughout the world are putting in place comprehensive interventions and policies to boost agriculture production and productivity, reduce food losses and wastes, provide social protection to rural and urban poor, and build resilience to shocks, crises and climate change.

In a region that is considered the most arid in the world and faces enormous challenges, hunger has been on the rise. These challenges include high population growth, growing urbanization, a limited and fragile natural resource base, poverty, climate change, inadequate agricultural policies, and poor governance and weak infrastructure.  It is clear therefore that all mitigating measures are needed to achieve zero hunger.

Instead, we see conflicts and protracted crises becoming endemic and inflicting immense suffering on the populations of the region.  This is not only causing it to lag in its development indicators, but is also exacerbating the condition of its population.

The strongly interlinked chain of food insecurity, natural resources scarcity, unemployment, migration, and impoverishment of rural areas is affecting and affected by the absence of peace and stability and the rise in conflicts and wars. The challenge for our region is not just a problem for the traditional decision makers responsible for agriculture, food production, transportation and distribution. Rather it extends to the highest policy makers in whose hands rest decisions of peace.  

The Near East and North Africa Region, with its enormous human and land resources, has the capacity to emerge stronger from the current series of conflicts and crises. But this will require collective action to build a shared vision of peace and prosperity among the region’s member countries. It will also need the support of all its partners, and FAO is committed to do its part in this endeavor. May the voice of 40 million hungry child, woman and man in the region be heard and heeded in 2018.

Speaking to Tasnim on Sunday, Iranian Gas Engineering and Development Company Managing Director Hassan Montazer Torbati said plans have been formulated to develop the gas supply network in west of the country to boost exports to the Iraqi cities of Basra and Baghdad.

A planned rise in the capacity of gas transfer would result in a rise in exports to Turkey, the official noted, adding that exports to Europe are also on the agenda.

The capacity of Iran’s western gas network should outstrip that of a domestic distribution line, he added.

In November, CEO of the National Iranian Gas Company (NIGC) said the country’s exports of natural gas to Iraq will increase during the spring and summer of 2018.

Tehran and Baghdad signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013. Under the deal, the Iranian gas is delivered to Sadr, Baghdad and al-Mansouryah power plants in Iraq through a 270-kilometer pipeline.

Also in October, Iranian President Hassan Rouhani said the European nations can rely on Iran to supply their energy demands.

Iran sits on the world’s fourth-largest oil and second-largest gas reserves, and is among the world’s top 10 oil and top five natural gas producers.

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