Press TV

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

Iran exports first wheat cargo in years

Iran says it has exported its first consignment of wheat after a hiatus of multiple years – what is seen as a robust sign that shows the country has not only been able to support domestic needs but also move ahead with overseas sales.

Trade

Iran offers Qatar use 3 key Persian Gulf ports

Iran has offered to allow Qatar use its southern ports to carry on its vital import activities after the emirate’s Arab neighbors united to isolate it.

Trade

China backs Iran’s full membership in SCO

A senior Chinese diplomat has thrown his country’s weight behind Iran’s membership of the Shanghai Cooperation Organization (SCO), an emerging economic and security alliance jointly led by China and Russia.

Trade