Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.
Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects in the Islamic Republic.
Iran says it expects a recent agreement with Russia over the creation of a credit line to fund Iranian projects to help promote trade between the two countries.
Two more European turboprop aircraft touched down at Tehran’s Mehrabad Airport on Saturday, bringing the number of new Western planes delivered to Iran so far to 11.
Fresh indications have appeared that show Iran and Russia are moving closer to an ambitious plan to integrate their banking systems – a strategy both hope would make them immune to the financial sanctions of the United States in the future.
Indications are growing that China is already cementing its foothold in the Iranian economy through a heavy campaign of investments in the country’s infrastructure projects.
Iran has inaugurated the first phase of the development of a strategic southeastern port which it expects to open a multi-modal trade corridor connecting India to Central Asia.
With the Trump administration bent on tweaking a 2015 nuclear deal with Iran, European states are charting a course on Tehran which diverges from that of Washington.
Iran, Turkey and Qatar have signed a trilateral agreement aimed at boosting trade with Doha amid a Saudi-led blockade on the Persian Gulf sheikhdom.
A 70-strong delegation of senior European officials and business leaders is in Tehran to examine capacities for further expansion of trade ties.