French carmaker PSA Peugeot Citroen says it has signed a final agreement with Iran Khodro to form a joint venture to produce vehicles in Iran.
The Financial Times says the latest figures show that the volume of Foreign Direct Investment (FDI) in Iran has reached the highest level in years following the removal of sanctions against the country in January.
The World Steel Association (worldsteel) has announced that Iran’s surge in production has pushed the country up on the list of global steel producers.
Esfahan Steel Company, Iran’s third-largest maker of the metal, is reportedly seeking buyers amid plans to boost production.
Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the proper implementation of resistance economy can provide for the needs of Iran as well as promote its dignity.
Turkish Customs and Trade Minister Bulent Tufenkci says the country has serious plans to triple trade with Iran to USD30 billion “as soon as possible”.
Iran is next to join the Shanghai Cooperation Organization (SCO) which will officially have India and Pakistan on its roster next week, Kazakh President Nursultan Nazarbayev has said.
Traders say Royal Dutch Shell has resumed purchases of Iranian crude.
Iran says one of its London-based banks has joined the euro payment system.