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Press TV

Nakhchivan-Mashhad passenger train service launched

Iran has launched a direct passenger train service between its northeastern city of Mashhad and Azerbaijan’s isolated enclave of Nakhchivan – a move which is expected to provide the landlocked region with a wide access to Iran’s national rail network.

Transportation

Daewoo wins deal to build shipyard for Iran

South Korea’s Daewoo Shipbuilding and Marine Engineering Company (DSME) – the world’s second biggest shipbuilding companies – has announced a major deal to develop an construction yard in Iran.

Transportation

World Bank reports major drop in Iran’s debts

The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions.

Macro Economy

Iran finalizes deal to buy 100 Airbus planes

The Iranian flag carrier, Iran Air, says it has finalized a much-awaited contract with the European aviation giant Airbus to purchase 100 aircraft.

Transportation

Iran, Boeing finalize historic deal

Iran’s flag carrier Iran Air has signed a much-awaited agreement with US aviation giant Boeing to purchase 80 planes.

Transportation

Iran, top travel destination for 2017

Iran has been recommended as a top travel destination for 2017 as the country takes steps to ease visa rules for foreign tourists.

Society Economy

Iran, Japan sign petchem funding deal

Iran says an agreement has been signed with Japan’s Itochu to fund one of its key petrochemical projects – the second such agreement signed with Japanese companies over the past few months.

Macro Economy

Germany OKs €1.2bn credit line for Iran railroad

Germany has reportedly agreed to provide Iran with a €1.2 billion ($1.27 billion) credit line to help finance a key rail project in what is seen as the biggest foreign financing the country has been able to secure after the removal of sanctions.

Transportation

Oman becoming Iran’s top trade partner

The latest official figures show that Iran’s exports to Oman increased by about 400 percent after the removal of sanctions in January in what could be a strong indication that the Sultanate is already replacing the UAE as Iran’s the most important regional trade partner.

Trade

Iran, International Trade Center sign agreement

The Trade Promotion Organization of Iran has signed a memorandum of understanding with the International Trade Center as part of Tehrans efforts to expand business with other countries.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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