Press TV

PSA signs JV deal with Iran Khodro

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.

Mine and Industry

Major rise in foreign investments 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.

Financial Markets

Iran ranks 13th on list of global steel producers

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.

Mine and Industry

Buyers eyeing Iran’s Esfahan Steel Company

Esfahan Steel Company, Iran’s third-largest maker of the metal, is reportedly seeking buyers amid plans to boost production.

Mine and Industry

Iran, Boeing deal on sales of 100 airliners

Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing.

Transportation

Resistance economy uplifts national dignity: Ayatollah Khamenei

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.

Macro Economy

Turkey to triple trade with Iran to USD30bn

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”.

Trade

‘Iran next to join emerging power SCO’

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.

Macro Economy

Shell starts to buy oil from Iran

Traders say Royal Dutch Shell has resumed purchases of Iranian crude.

Energy

Iran bank joins euro payment system

Iran says one of its London-based banks has joined the euro payment system.

Financial Markets