Press TV

Germany’s MAN eyeing Iran’s investment potentials

MAN Diesel & Turbo, a German multinational that produces engines and turbo machinery, says it is paying a serious look at Iran’s investment potentials, saying it has already taken measures to restart its business in the country.

Mine and Industry

EAEU, Iran to ink free trade pact

The Russia-backed Eurasian Economic Union (EAEU) says it expects to sign a temporary agreement with Iran before October over the establishment of a free trade zone with the Islamic Republic.

Trade

Iran, Renault sign €660m deal

French carmaker Renault has signed a much-awaited agreement with Iran to produce more than 150,000 cars a year in the country – what is already being described as the Islamic Republic’s biggest ever auto deal.

Mine and Industry

Iran to export 1 million tonnes of wheat

Iran expects to export 1 million tonnes of surplus wheat and its products this year, up 60 percent from a year ago, the country’s trade regulator the Government Trading Company (GTC) says.

Agriculture and Environment

Italy, Iran sign $1.3 billion railway deal

Iran’s state railway company and its Italian counterpart have signed a deal worth 1.2 billion euros ($1.3 billion) to build a high-speed rail line between Iranian cities of Arak and Qom.

Transportation

Sanctions will never return: Iran deputy finance minister

Iran says it is confident that a US-led regime of sanctions that had been imposed against it as a result of disputes over its nuclear energy program “will never return”.

Macro Economy

Iran, Italy to sign high-speed railway deal next week

Iran and Italy will sign a deal worth 1.2 billion euros next week to build a high-speed railway between the central cities of Arak and Qom.

Transportation

Total signs multi-billion-dollar gas deal with Iran

French energy giant Total signed a multi-billion-dollar gas deal with Iran, the first by a foreign firm in more than a decade.

Energy

Germany vows expansion of banking ties with Iran

Germany has announced its readiness to expand its banking cooperation with Iran and provide funds for the country’s economic projects.

Financial Markets

Iran Airtour, Zagros Airlines to buy 73 planes from Airbus

European aviation giant Airbus says it has signed basic agreements with two Iranian airlines over the purchase of a total of 73 planes.

Transportation