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Major Bavaria trade team visiting Iran
Sat Oct 31, 2015 6:46PMA major delegation from Germany’s Bavaria state has arrived in Iran for talks on mutual trade ties in a post-sanctions era.
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‘Iran ready for post-sanctions era’
Sat Oct 31, 2015 5:41PMIran says it has devised comprehensive plans to deal with the country’s economic problems both before and after the removal of the sanctions.
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Iran to implement blockade on US goods
Sat Oct 31, 2015 12:52PMIran’s Ministry of Industry, Mine and Trade says it will block imports of American goods in line with an order by Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei to develop an “economy of resistance”.
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Eurowings to launch low-cost flights to Iran
Sat Oct 31, 2015 7:50AMGermany’s Eurowings will launch flights to Tehran, becoming the latest carrier to announce service for one of South Asia's main commercial capitals.
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KIOCL to resume pellet exports to Iran
Thu Oct 29, 2015 7:25PMIndia's iron ore pellet producer KIOCL has announced that it is preparing to resume exports to Iran after a gap of 10 years.
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‘Digikala not deterred by competition’
Thu Oct 29, 2015 3:20PMLeaders of Iran’s key online retailer Digikala say they are not worried about competing with their global rivals once they set foot in the Iranian market.
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Port of Antwerp delegation visits Iran
Thu Oct 29, 2015 2:40PMA delegation from the Port of Antwerp visited Iran on an exploratory mission to develop relations between Iran and the port community.
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‘Iran creating own Jebel Ali in south’
Wed Oct 28, 2015 7:21PMIran is pursuing ambitions plans to create a major free trade zone on its southwestern border areas with Iraq.
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‘India’s time for Chabahar choice over’
Wed Oct 28, 2015 5:34PMIran says a deadline for India to decide over investing in a key project to develop its southeastern Chabahar port is over.
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Iran talking to six countries to buy aircrfat
Wed Oct 28, 2015 11:16AMIran is in talks with six countries, including Brazil, for purchase of new commercial aircraft to renovate the country’s aviation fleet after the removal of sanctions, an official says.
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Official: Iran rugs back in US in early 2016
Wed Oct 28, 2015 10:7AMHead of Iran National Carpet Center (INCC) expects direct exports of Persian rugs to the US to resume early next year, returning the key producer of hand-knotted floor coverings to the market which has been overtaken by India.
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‘Iran, Brazil to boost trade to $5bn’
Tue Oct 27, 2015 4:54PMIran's minister of economic affairs and finance says Tehran and Brasilia are planning to boost the volume of bilateral trade to USD 5 billion a year.
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Study: Persian Gulf may become unlivable
Tue Oct 27, 2015 11:35AMThe Persian Gulf region, the center of a high-rise building craze, could experience “intolerable” levels of heat in the decades ahead, because of global warming, according to a scientific finding.
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Iran's Islamic banking charms deep pockets
Tue Oct 27, 2015 10:37AMRussian billionaire Mikhail Prokhorov’s Renaissance Capital says Iran’s banking looks more like an emerging market than a frontier market sector in terms of penetration of services.
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SWIFT awaits OK for Iran services
Mon Oct 26, 2015 5:18PMSWIFT says most Iranian banks will be able to use its services as soon as sanctions lifted.
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Iran to join BRICS NDB bank
Mon Oct 26, 2015 2:4PMIran says it plans to join an independent bank established by BRICS member states.
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Report: Yandex denies Iran office plans
Mon Oct 26, 2015 11:47AMRussia’s technology and internet company Yandex has reportedly denied plans to open an office in Iran.
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Iran to export wheat for first time
Mon Oct 26, 2015 6:37AMIran will export wheat for the first time after wrapping up guaranteed purchases of the strategic crop from local farmers for the current harvest year, a senior official says.
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Russia’s Yandex coming to Iran
Sun Oct 25, 2015 11:38PMRussia’s largest internet search engine, Yandex, is to open offices in Iran.
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Brazil’s development minister due in Iran
Sun Oct 25, 2015 6:7PMBrazil’s minister of development, industry and foreign trade is to arrive in the Iranian capital tomorrow to discuss economic ties with Iranian officials.
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Iran bank suing UK for $4 billion in losses
Sun Oct 25, 2015 11:44AMThe UK Court of Appeal has ruled that Iran’s Bank Mellat must have access to documents and evidence based on which the UK government imposed sanctions on the lender, a report says.
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Lufthansa, Austrian to increase Iran flights
Sun Oct 25, 2015 7:10AMGerman airliner Lufthansa and its subsidiary Austrian Airlines plan new flights to Iran amid a growing demand as business and tourism is crawling back to life in the resource-rich country, media reports say.
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Iran expects surge in food exports to Iraq
Sat Oct 24, 2015 4:49PMIran says it expects its food exports to Iraq to rise after the anticipated removal of economic sanctions against it.
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Newest luxury tour on Tehran-Moscow train
Sat Oct 24, 2015 9:11AMA luxury train company connecting world capitals plans to launch a tour service between Moscow and Tehran after running a successful first-ever adventure from Hungary to the Iranian capital.
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Iran, Russia ink deal to boost trade ties
Thu Oct 22, 2015 6:6PMIran and Russia on Thursday signed an agreement to promote trade cooperation in the area of infrastructure projects.
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Iran claims stakes of Turkish airline
Thu Oct 22, 2015 4:48PMIran has claimed all the stakes of Turkey's Onur Air over a major graft charge involving billionaire Babak Zanjani who allegedly owns the airline.
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Iran, Russia design package of projects
Thu Oct 22, 2015 2:0PMIran and Russia have devised a package of joint projects with a total value of $25-$35 billion.
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Iran, Russia agree to establish joint bank
Thu Oct 22, 2015 11:12AMIran and Russia have agreed to establish a joint bank in what is meant to facilitate financial transactions between them.
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Iran to award electric rail plan to Russia
Thu Oct 22, 2015 9:48AMIran says it plans to award a project worth $1.2 billion to Russia to establish an electric train service in the country.
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Microsoft preparing to invest in Iran
Wed Oct 21, 2015 7:13PMIran says Microsoft as well as several other leading US tech enterprises are preparing to enter its market in the near future.
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Big Swedish firms eyeing Iran market
Wed Oct 21, 2015 6:36PMMajor Swedish enterprises are preparing to invest in the Iranian economy as soon as the sanctions against the country are lifted.
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Russia to provide Iran with $5bn credit
Wed Oct 21, 2015 4:44PMIran says Russia has pledged to issue a credit line for it worth $5 billion over the implementation of joint projects.
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Iran gives 30-day visas at airports
Wed Oct 21, 2015 3:13PMIran has started to issue 30-day visas for tourists from 58 countries upon arrival in its airports.
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Switzerland to ease Iran sanctions
Wed Oct 21, 2015 1:31PMSwitzerland says it plans to ease sanctions against Iran, adding that the measures it plans to take in that connection will open new perspectives for cooperation with Iran.
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Russia says ready to import Iranian dairy
Wed Oct 21, 2015 10:46AMA Russian agricultural official says Iran is ready to start shipping dairy products to his country as part of an agreement for sourcing food amid Moscow’s ban on such imports from Europe.
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Iran’s telecom thrills European investors
Tue Oct 20, 2015 11:28AMTwo leading European companies are set to buy stakes in Iran’s biggest cellular operator, Mobile Telecommunication Company (MCI), its head Vahid Sadouqi says.
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Official: Iran to tender 15 mining projects
Mon Oct 19, 2015 11:37AMIran will tender 15 mining projects for development within the next four months, rolling out its massive sector for international investment, Deputy Minister of Industry, Mines and Trade Mehdi Karbasian says.
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Obama orders lifting of sanctions on Iran
Mon Oct 19, 2015 6:48AMUS President Barack Obama has signed an order directing his administration to take steps toward lifting sanctions on Iran in accordance with a July nuclear accord.
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Iran unveils stimulus plan to lift economy
Sun Oct 18, 2015 8:52AMThe Iranian government has unveiled a policy package to stimulate the stagnant economy through higher investment in production and boosting consumer spending.
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Renault’s Sept. sales to Iran up 111%
Sat Oct 17, 2015 5:20PMFrench auto giant Renault has announced a major increase of 111 percent in sales of cars to Iran in September.
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Sweden’s Leax eyeing Iran’s market
Sat Oct 17, 2015 3:3PMSwedish mechanical components and sub-systems manufacturer Leax Group is eyeing Iran for potential major new business.
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Iran Khodro weighs Asia, Africa Inroads
Sat Oct 17, 2015 11:22AMIran Khodro, the Middle East’s biggest carmaker, is in talks to establish a production factory in Oman with an eye on the market in Africa and the subcontinent, media reports in the Arab sultanate say.
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‘EU to announce end to Iran sanctions Sun.’
Sat Oct 17, 2015 8:24AMThe European Union will announce on Sunday the formal end to economic sanctions on Iran, a European news agency says.
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Iran opening is bittersweet for Scotland
Sat Oct 17, 2015 7:20AMScottish National Party (SNP)’s Alex Salmond says he will be leading a delegation of business leaders to Tehran shortly in search of trade opportunities.
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Iran probes jumbo jet engine break-off
Fri Oct 16, 2015 11:22AMIranian experts are investigating to find out why a section of a Boeing 747’s engine broke off during flight on Thursday with more than 400 passengers on board.
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Qantas says no change in Iran flight plans
Thu Oct 15, 2015 2:57PMAustralia’s Qantas has announced that it will maintain flight plans over Iran.
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Iran reveals major fleet expansion plan
Thu Oct 15, 2015 9:38AMIran has revealed a major fleet expansion plan which it says will help it to make an immediate return to the shipping industry.
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Iran says foreigners ready for TSE rush
Wed Oct 14, 2015 5:32PMIran says some 150 foreign investors are ready to buy company shares at its benchmark Tehran Stock Exchange (TSE).
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‘Iran keen on boosting India trade ties’
Wed Oct 14, 2015 3:1PMThe media in New Delhi say Tehran has voiced interested in expansion of trade ties with not only India but also China and Turkey.
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Iran tenders new gold mine in Qazvin
Wed Oct 14, 2015 11:33AMIran has tendered development of a new gold deposit in its northern Qazvin province which it seeks to tap with the participation of the private sector, the IRNA news agency says.
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Iran plans $25 billion rail investment splurge
Tue Oct 13, 2015 10:35AMIran has chalked up a plan for $25 billion of investment to modernize and expand its rail network, Managing Director of the Islamic Republic of Iran Railways Mohsen Poursaeed-Aqaei says.
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Japan, Iran FMs agree on investment pact
Mon Oct 12, 2015 7:1PMIran and Japan have truck a broad agreement to work on a bilateral investment pact between the two countries.
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Banks eyeing Iran’s water, power plans
Mon Oct 12, 2015 6:21PMIran's media say European and Asian banks are looking into the prospects for investing in the country's water and electricity projects.
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Korea’s Daelim building town near Tehran
Mon Oct 12, 2015 11:45AMSouth Korea’s Daelim Industrial is about to sign an agreement for 900 million euros of investment in a project to build houses near Tehran, Iran’s Ministry of Roads and Urban Development says.
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Asia, Europe investing big in Iran mining
Mon Oct 12, 2015 10:25AMFrance, Italy, Russia and China plan investment in Iran’s vast but largely undeveloped mining sector, Deputy Industry, Mine and Trade Minister Mehdi Karbasian says.
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Iran gets serious on bootleg cigarettes
Sun Oct 11, 2015 9:58AMIran has launched a major campaign to stem the flow of contraband cigarettes which account for 25% of imported smokes, a senior official says.
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Instant visas soon at Iran’s Bandar Abbas
Sat Oct 10, 2015 3:55PMIran says it plans to issue instant visas for foreign traders that arrive at the southern port city of Bandar Abbas.
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Japan traders back in Iran with a vengeance
Sat Oct 10, 2015 12:0PMJapanese automakers are looking to restart exports to Iran as Prime Minister Shinzo Abe's government is moving quickly to lay the groundwork for investment in Iran, a leading Tokyo-based newspaper says.
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Report: US allows soft drink sales to Iran
Sat Oct 10, 2015 10:22AMThe US government has approved exports of soft drinks to Iran, putting an end to a ban which had been in place since 1990s, an American press report says.
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Rouhani sees global surge for Iran trade
Sat Oct 10, 2015 8:36AMPresident Hassan Rouhani says there is a global surge of interest in new business opportunities in Iran, adding the country is ready to open its arms to international entrepreneurs if they bring in investment and technology.
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Iran plans to join shipping 'big league'
Fri Oct 9, 2015 11:49AMIran plans to expand its container fleet in order to extend its forward coverage beyond all frontiers as the country sees Western sanctions being lifted as early as January, a senior official says.
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Japan breaking ranks with US on Iran
Fri Oct 9, 2015 9:30AMIran and Japan are set to strike a basic agreement on an investment pact as Japanese Foreign Minister Fumio Kishida is visiting Tehran on Monday, Tokyo-based media reported on Friday.
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FLSmidth in partnership with Iran firm
Thu Oct 8, 2015 6:42PMThe Denmark-based global cement major FLSmidth has teamed up with a local Iranian company to launch its business in Iran.
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India ready to pay $700mn Iran oil dues
Thu Oct 8, 2015 11:4AMIndia says it is ready to pay a second trench of outstanding oil dues to Iran on the due date.
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Iran wants China in Chabahar port project
Thu Oct 8, 2015 9:27AMIran says it welcomes China’s investments in the development of Chabahar port in Sistant-and-Baluchestan province.
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Iran to seal deal with Mercedes-Benz soon
Wed Oct 7, 2015 2:15PMIran says it will soon sign a major deal with German automaker Mercedes-Benz over production of medium-duty diesel engines.
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'Iranians can buy from Amazon, eBay'
Wed Oct 7, 2015 11:37AMIranians can now make online shopping from major retailers Amazon and Ebay through a delivery channel established by the Iran Post Company, its managing director says.
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World’s biggest tour group investing in Iran
Wed Oct 7, 2015 10:36AMGermany’s TUI Group, the largest leisure, travel and tourism company in the world, is interested in investment in Iran which is being tagged as the most lucrative hospitality development market.
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IMF: Iran to drive Mideast economic growth
Wed Oct 7, 2015 8:43AMThe International Monetary Fund (IMF) says the Middle East and North Africa are set to benefit from Iran’s nuclear agreement, lifting economic growth in the region next year.
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'Iran offers Europe first wheat barter'
Tue Oct 6, 2015 10:49AMEuropean traders say Iran’s state grains agency has offered to barter about 200,000 metric tons of locally-produced durum wheat with 250,000 tons of milling wheat, a news agency says.
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Iran has yet another gem for healthy diet
Mon Oct 5, 2015 10:48AMIran hopes a new opening in trade in the wake of a nuclear accord will vault it into the top rank of the world’s date exporters.
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‘Unusual’ Europe wheat loadings for Iran
Sun Oct 4, 2015 11:23AMShips are scheduled to make unusual loadings of about 60,000 tonnes of wheat for Iran, but overall demand from the country is expected to be very low this year, European traders say.
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Scandal-hit VW presses on with Iran plans
Sun Oct 4, 2015 8:21AMVolkswagen officials are visiting Iran to discuss possible joint cooperation with local companies which have the Middle East’s biggest car market under their belt.
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Official: No Iranian request for Superjets
Sat Oct 3, 2015 11:19AMHead of Iran’s Civil Aviation Organization (CAO) says no request has been made yet for purchase of Russian-made Sukhoi Superjet 100 aircraft.
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Iran fights US appropriation of $1.7 billion
Fri Oct 2, 2015 12:1PMThe Central Bank of Iran (CBI) has filed an appeal against a US court ruling to turn over Iranian funds worth $1.75 billion to alleged families of the victims of the 1983 bombing in Beirut.
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Minister: New aircraft to enter Iran by 2016
Fri Oct 2, 2015 8:0AMIran is targeting purchases of 500 new commercial aircraft by 2025, some of which will enter the country before 2016, Minister of Roads and Urban Development Abbas Akhoundi says.
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India vows action on IPI, Chabahar plans
Thu Oct 1, 2015 4:29AMIndia’s President Pranab Mukherjee says his country should move toward the revival of the Iran-Pakistan-India pipeline project as well as the development of Iran's Chabahar port.
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Pakistan wants smooth Iran banking links
Wed Sep 30, 2015 7:26PMPakistan has demanded smooth banking links with Iran to facilitate bilateral trade between the two countries.
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British trade team due in Iran on Friday
Wed Sep 30, 2015 1:39PMOfficials in London say a major British trade delegation will arrive in Iran on Friday for a four-day visit.
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Iran issues first Islamic treasury bills
Wed Sep 30, 2015 11:46AMIran issues its first Islamic treasury bills in a bid to provide stimulus for its market and bring it out of stagnation.
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Iran to hold intl. transportation confab
Tue Sep 29, 2015 3:31PMIran is to hold an international conference on investment opportunities in transportation sector in early October.
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‘Iran car industry eyes intl. markets’
Tue Sep 29, 2015 1:54PMIran's minister of industry, mine and trade says the country’s automobile industry is to export one-third of its products in 10-year time.
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$15bn of foreign investment in Iran mining
Tue Sep 29, 2015 11:22AMIran plans to attract $15 billion of foreign investment in its vast but largely underdeveloped mines and mining industry sector, an official says.
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Iran eyes boost in car exports
Mon Sep 28, 2015 3:32PMIranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh says the country has drawn up plans to turn into a major car exporter in the region within the coming 10 years.
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Iran to issue $300mn Islamic T-Bills
Mon Sep 28, 2015 2:4PMIran is to issue Islamic Treasury Bills for the first time as part efforts to boost its economy during the post-sanctions era.
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Iran in talks to buy 100-seat aircraft
Mon Sep 28, 2015 6:56AMHead of Iran's Civil Aviation Organization (CAO) says the country is in talks with France, Canada and Brazil to buy 100-seat aircraft as part of the Islamic Republic's bid to renovate its commercial fleet.
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Iran tax money exceeds oil revenues
Sun Sep 27, 2015 4:51PMA new report says first time in almost 50 years Iran is earning more through tax money than oil revenues.
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Hungary eyes Iran trade opportunities
Sun Sep 27, 2015 3:6PMA high-ranking Hungarian delegation representing the country’s private economic and trade entities is expected in Iran early October.
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1st UK trade delegation due in Iran
Sun Sep 27, 2015 12:55PMThe first British trade delegation to visit Iran after the conclusion of the nuclear talks will arrive in Tehran next week.
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Iran plans $2.8 billion expansion of airport
Sun Sep 27, 2015 10:53AMIran plans a $2.8 billion expansion of the Imam Khomeini International Airport (IKIA), with the French industrial group Bouygues and Aéroports de Paris in talks to carry out the project, a press report says.
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Iran seafood captures Russian taste buds
Sun Sep 27, 2015 9:9AMIran’s fishery products are slowly making their way into the Russian market, blazing a trail for other agricultural products such as milk, dairy, meat and poultry.
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Iran market open to expats: Rouhani
Sat Sep 26, 2015 11:43PMIranian entrepreneurs have priority when it comes to making investment in the country’s economic sector.
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Iran to buy Sukhoi Superjets from Russia
Sat Sep 26, 2015 7:27PMIran says it has signed deals to buy Sukhoi Superjets as well as certain satellite-related equipment from Russia.
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Iran says funds to be unfrozen by Jan.
Sat Sep 26, 2015 3:32PMIran says it expects about $29 billion of funds to be unfrozen and repatriated to its central bank by January 2016 at the latest.
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Iran vows to help promote regional growth
Sat Sep 26, 2015 2:38PMIran's President Hassan Rouhani says Tehran is committed to do what it takes to help with the sustainable development of West Asian economies.
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Iran ousts US to regain pistachio position
Sat Sep 26, 2015 11:2AMIran reclaims its place as the biggest producer of pistachio nuts from the US which is facing one of its worst harvests, an official says.
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Polish delegation of 60 traders in Iran
Sat Sep 26, 2015 8:21AMA high-level Polish delegation including pharmaceutical, chemical and railway executives is in Iran to discuss trade opportunities.
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Osborne mulls biggest UK trade visit to Iran
Fri Sep 25, 2015 9:14AMBritain’s second most powerful man, George Osborne, says he wants to take the country’s biggest-ever trade delegation to Iran which has become one of Europe’s well-trodden destinations where new business opportunities beckon.
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Tourists to live Iran life with new service
Thu Sep 24, 2015 8:18PMSwitzerland’s OrientStay has launched an Airbnb-style accommodation service in Iran for people to list, find, and rent lodging at a time when the Middle Eastern country is experiencing a tourism boom, a new report says.
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250 million people feast on Iran horticulture
Thu Sep 24, 2015 6:8PMIran is on course to earn $2 billion this year from exports of horticulture products, including fruits and herbs, an Agriculture Ministry official says.
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France welcomes Iran's accession to WTO
Thu Sep 24, 2015 11:35AMMatthias Fekl, France's Secretary of State for Foreign Trade and Tourism Development, says Paris supports Iran's accession to the WTO.
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China to help upgrade Iran technology
Thu Sep 24, 2015 5:57AMChina says it has offered to help Iran upgrade its manufacturing technology to boost its economy.
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Iran, China sign major electricity deal
Wed Sep 23, 2015 4:19PMChina has signed a major deal with Iran based on which it will provide funds for Iran to develop electricity projects.
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Iran eager to up trade with Germany
Wed Sep 23, 2015 2:6PMMohsen Rezaei, the secretary of Iran's Expediency Council, says Tehran is determined to expand ties with Germany.
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India ready to invest over $15bn in Iran
Wed Sep 23, 2015 12:54PMIndia says it is ready to invest more than $15.2 billion to develop projects in Iran.
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Iran-Europe Forum seeks to revive trade
Wed Sep 23, 2015 11:4AMThe second Europe-Iran Forum will be held in Geneva on Thursday and Friday to discuss reviving trade links which hit a bottom low because of sanctions imposed on the Islamic Republic.
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Report: Iran cancels wheat import duties
Wed Sep 23, 2015 9:3AMIran’s Agriculture Ministry has lifted tariffs on imports of wheat and barley, a news agency says.
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Iran considers China ties strategic: Min.
Tue Sep 22, 2015 5:0PMIran's minister of economy says the Islamic Republic sees relations with China to be of strategic importance.
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Iran, China sign marine industries accord
Tue Sep 22, 2015 3:20PMIran and China sign an agreement for the development of maritime industries and facilities.
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World’s biggest insulin maker invests in Iran
Tue Sep 22, 2015 10:5AMDenmark’s Novo Nordisk is investing 70 million euros in Iran for the production of a new generation of insulin drugs, officials from the two countries say.
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Iran rose water smells like big business
Tue Sep 22, 2015 8:19AMForeign companies sniffing business opportunities in Iran mostly have their nose on the ground for its oil and gas industry but French firms are also targeting fragrant notes: the $1.5 billion beauty and perfume market.
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France opens business office in Tehran
Mon Sep 21, 2015 1:27PMFrance has inaugurated a business development office in the Iranian capital Tehran as part of efforts to enhance economic ties with Iran.
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French companies rue lost chances in Iran
Mon Sep 21, 2015 6:23AMFrench firms are worried that their government’s headstrong approach in nuclear talks with Iran might have harmed their business chances as international companies are jostling for position in one of the lucrative emerging markets.
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Japan's high-ranking delegation due in Iran
Sun Sep 20, 2015 2:42PMAn Iranian official says a high-ranking economic delegation representing Japan's private sector will arrive in Iran in October.
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UK trade delegation to visit Iran in Oct.
Sat Sep 19, 2015 1:26PMIran says a major British trade delegation will arrive in Tehran on October 2.
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Major French trade team heads to Iran
Sat Sep 19, 2015 12:14PMA senior French economic and political delegation heads to Tehran on Sunday .
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Iran minerals could rise to $1.4 trillion
Sat Sep 19, 2015 10:40AMIran possesses 7% of the world’s total mineral reserves worth about $700 billion but this figure could rise to $1.4 trillion with new discoveries, a mining official says.
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Volkswagen grooms Skoda for Iran market
Fri Sep 18, 2015 10:44AMGermany’s Volkswagen is grooming its Skoda brand for the Iranian market of 80 million people who bought 1.1 million cars last year.
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Boeing foresees big business in Iran
Thu Sep 17, 2015 4:7PMBoeing sees a good opportunity for business in Iran, citing its “long history” in the country and saying it was awaiting a good-ahead from the US government to enter commercial talks with Iranian airlines.
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EU court annuls sanctions on Iran’s Iralco
Thu Sep 17, 2015 11:39AMThe General Court of the European Union has annulled the sanctions listing of the Iranian Aluminum Company (Iralco), Iran’s top state-owned holding company in the mining sector says.
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Tasnim: First Microsoft Store opens in Iran
Thu Sep 17, 2015 9:32AMA Microsoft Store has opened in Tehran for sales of mobile phones produced by the multinational US technology giant, an Iranian news agency says.
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Iran dried fruits adorn Russia food expo
Wed Sep 16, 2015 6:36PMIranian dried fruits attract many visitors at Moscow’s World Food exhibition.
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Iran ‘hidden treasure’ draws intl. attention
Wed Sep 16, 2015 9:19AMIran has hammered out an investment package worth $25 billion to revitalize its tourism which has been under the shadow of its sprawling petroleum industry.
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Nuclear accord tastes sweet for Iran citrus
Wed Sep 16, 2015 6:37AMIran’s nuclear accord bears fruit in season for its horticulture growers who are on course to export $2 billion of citrus and other products to neighboring countries, an Agriculture Ministry official says.
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Iran's 1st steel confab kicks off in Kish
Tue Sep 15, 2015 4:19PMIran launches its first international iron and steel conference in the Persian Gulf island of Kish.
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Iran to host trade teams from 10 EU states
Tue Sep 15, 2015 9:58AMIran says it is preparing to host 10 European trade delegations within the next two weeks.
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French group to open two hotels in Iran
Tue Sep 15, 2015 4:15AMFrench group AccorHotels says it plans to open an Ibis hotel and a Novotel branch near Tehran's international airport.
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Germany sees 'new chapter' in Iran ties
Tue Sep 15, 2015 3:41AMGermany says it sees a new chapter coming in relations with Iran in light of July nuclear breakthrough between Iran and the P5+1.
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Iran sees oil at $42-$50 in annual budget
Mon Sep 14, 2015 3:49PMIran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017.
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Iran to launch intl. halal food brand soon
Mon Sep 14, 2015 10:12AMIran plans to launch its international halal food brand in the next few months, aiming to tap an under-served regional market of 400 million people, an official says.
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Iran to turn Kish into key aviation hub
Sun Sep 13, 2015 7:59AMIran says it plans to turn a key airport in the Persian Gulf island of Kish into a regional aviation hub.
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Sanctions removal to give Iran 4% growth
Sat Sep 12, 2015 4:32PMIran’s economy could grow by at least 4 percent as the sanctions imposed against the country begin to be lifted in 2016.
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Iran holds ground in US pomegranate battle
Sat Sep 12, 2015 10:49AMIran is on course to assert its place as the world’s largest producer of pomegranates with one million metric tons of the crop this year, an Agriculture Ministry official says.
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Austria to help launch Iran tourism train
Fri Sep 11, 2015 9:24AMIran has signed an agreement with an Austrian consortium to launch a special tourism train.
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France to send major trade team to Tehran
Thu Sep 10, 2015 6:24PMFrench officials say a major trade delegation will arrive in Tehran later this month to study investment potentials in Iran.
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Iran starts major steel, petchem plans
Thu Sep 10, 2015 1:53PMIran has started construction of two major industrial units in the country’s southeastern province of Sistan-and-Baluchestan.
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Moody’s says Iran banking growth coming
Thu Sep 10, 2015 8:45AMMoody’s says the removal of sanctions against Iran will eventually lead to a significant growth in Iran’s banking sector.
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‘Iran, Austria to treble trade exchanges’
Wed Sep 9, 2015 2:4PMIran's economy minister says Tehran and Vienna are planning to boost their bilateral trade volume three times.
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Tehran, Vienna ink 15 cooperation deals
Wed Sep 9, 2015 5:13AMThe president of Austria’s Federal of Economic Chamber says 15 cooperation agreements have been signed between Iranian and Austrian officials.
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Tehran, Prague finalizing econ roadmap
Mon Sep 7, 2015 1:43PMThe Iranian Minister of Economic Affairs and Finance, Ali Tayeb Nia, says Iran and Czech Republic are working on an economic roadmap aimed at boosting bilateral ties between the two countries.
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Standard Chartered faces new Iran fines
Mon Sep 7, 2015 10:14AMStandard Chartered is facing heavy fines and possible criminal prosecutions over alleged breaches of US sanctions against Iran.
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Iran-Germany trade to see major rise
Mon Sep 7, 2015 9:45AMIndications are growing that Germany is set to again become Iran’s top trade partner in the future .
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Iran courting German, Italian auto firms
Mon Sep 7, 2015 5:44AMReports say Iran has suspended plans to cooperate with Peugeot and is instead preparing to take up talks with German and Italian auto majors.
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Iran, Iraq sign 3 economic agreements
Sun Sep 6, 2015 1:38PMIran and Iraq sign three agreements for further expansion of cooperation in various economic fields.
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Iran gasoline imports double in 6 months
Sun Sep 6, 2015 7:17AMIran’s media say the country has been importing about 8 million liters of gasoline per day since mid-March.
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‘Tehran, Baghdad eyeing $20bn trade’
Sat Sep 5, 2015 11:33PMIran and Iraq can ramp up mutual trade to $20 billion, says Iran’s minister of finance and economic affairs.
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Japan, Iran set to start investment talks
Sat Sep 5, 2015 3:34PMJapan and Iran are preparing for three days of talks starting Monday over a bilateral investment treaty.
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‘Firms eye Iran transport projects’
Sat Sep 5, 2015 2:51PMIran has started talks with foreign firms over investments in its transportation sector projects.
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Iran’s plan to boost domestic production
Fri Sep 4, 2015 7:53AMThe governor of the Central Bank of Iran says the CBI plans to finance installment purchase of home-grown products in an effort to boost domestic production in the country.
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‘Suzuki to introduce four models to Iran’
Thu Sep 3, 2015 7:48PMSuzuki Motor Corp and Iran Khodro have agreed on supplying the Iranian market with four new models of the Japanese automaker, the Fars news agency says.
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Spain ministers due in Iran with big team
Thu Sep 3, 2015 11:13AMThree Spanish ministers will begin an official visit to Iran on Sunday along with a 70-member delegation, including representatives of major businesses such as global energy company Repsol.
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Finland’s Outotec wins Iran iron ore deal
Thu Sep 3, 2015 9:34AMFinland’s engineering group Outotec has been awarded a contract for the delivery of technology to set up a new iron ore beneficiation plant in northeast Iran, the company says.
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Iran Judiciary supports foreign investment
Tue Sep 1, 2015 12:38PMSpokesman of Iran's Judiciary says the country’s judicial system supports investment by foreign companies and is ready to remove existing obstacles in this regard.
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Iran ‘red gold’ output to hit 300 metric tons
Tue Sep 1, 2015 9:53AMIran’s production of the world’s most expensive spice known as “red gold” is expected to hit 300 metric tons this year thanks to better rainfall, officials say.
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Iran 'will not forget' friends after sanctions
Tue Sep 1, 2015 4:17AMAn official says Iran’s economy will grow whether sanctions are lifted or not and that Tehran will not forget those countries which maintained relations during the worst of times.
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Iran’s foreign debt rising
Mon Aug 31, 2015 2:0PMCentral Bank of Iran has announced that the country’s foreign debt has been on the rise during the first three months of the Persian calendar year.
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UK eyes role in Iran economic growth
Mon Aug 31, 2015 12:37PMThe British foreign secretary says the UK wants to be part of Iran’s economic development following thaw in ties between Tehran and London.
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WB sees ‘economic windfall’ for Iran
Sun Aug 30, 2015 4:59AMThe World Bank says it expects the lifting of sanctions against Iran to create an economic windfall for the country.
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Iran eyes Japan help for bullet trains
Sat Aug 29, 2015 7:11PMIran is interested in the Japanese technology for establishing high-speed rail in order to expand its intercity transportation, a senior official says.
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Iran seeks visa waivers with 28 countries
Sat Aug 29, 2015 5:27PMIran seeks reciprocal visa waiver programs with 28 countries as part of its bid to boost inbound tourism, director of Iranian Cultural Heritage, Handicrafts and Tourism Organization (ICHTO) Masoud Soltanifar says.
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Top port operator may invest in Iran’s Anzali
Sat Aug 29, 2015 7:8AMDP World, one of the biggest international port operators, is weighing investment in Iranian ports on the Caspian Sea and the country's south to tap their potentials for linking the Silk Road from China to Europe.
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Swiss conference: Iran ‘pole of stability’
Fri Aug 28, 2015 10:38AMSwitzerland, which became the first nation to lift sanctions on Iran last month, has arranged a major conference for its business owners, urging them to make the most of business opportunities in the energy-rich country.
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Iran launches first overseas farming plan
Fri Aug 28, 2015 8:20AMIran has launched agricultural cultivation in Kazakhstan, marking its first farmland investment overseas as the Middle Eastern country seeks to secure food supplies amid a lingering drought.
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Iran admits interest in Russian Superjet
Thu Aug 27, 2015 6:11AMAn official has admitted Iranian aviation companies’ interest in Russia’s Superjet passenger planes amid Tehran’s quest for new aircraft to build up the country’s aging fleet, the Fars news agency says.
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European firms restless for Iran return
Wed Aug 26, 2015 3:16PMA report by the Guardian says European companies are ignoring US warnings by showing high enthusiasm for returning to Iran's market.
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Iran govt. sees economy growing 5%
Wed Aug 26, 2015 10:41AMThe Iranian government expects an economic growth of five percent in 2016 as the country is beginning to emerge from draconian US-led sanctions.
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Iran to forgo wheat import for first time
Wed Aug 26, 2015 7:16AMFor the first time, Iran will not import wheat this year thanks to satisfactory state purchases of the crop from local farmers and decent harvest, the country’s deputy agriculture minister says.
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Iran, Pakistan eye $5 bn trade volume
Tue Aug 25, 2015 4:48PMIran and Pakistan plan to increase annual volume of bilateral trade to $5 billion.
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‘Remorseful’ South Korea returns to Iran
Mon Aug 24, 2015 9:58AMA delegation of 30 representatives of oil, gas and construction industries from South Korea is visiting Iran in a hunt for new business opportunities following the conclusion of nuclear talks.
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‘2 Iran banks to start UK operations soon’
Sun Aug 23, 2015 3:22PMGovernor of the Central Bank of Iran says two Iranian banks will start operating in Britain in the near future.
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Tehran, Baku mull joint bank
Sun Aug 23, 2015 12:48PMIran and the Republic of Azerbaijan are in talks for the establishment of a joint bank.
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South Korea scrambles trade visit to Iran
Sat Aug 22, 2015 10:38AMA large South Korean delegation, headed by Minister of Land, Transport and Infrastructure Yoo Il-h, will visit Iran to discuss new business opportunities in the country, the Yonhap news agency says.
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Iran-Russia barter plans face big hurdles
Sat Aug 22, 2015 9:24AMA planned barter arrangement between Iran and Russia is proving harder than anticipated, with an Iranian official saying he didn’t know when major shipments would begin.
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Iran’s ‘biggest’ trade team to visit Greece
Fri Aug 21, 2015 10:39AMIran will be sending its “biggest” trade delegation within a month to Greece to discuss reviving business relations, head of the Iran-Greece joint chamber of commerce says.
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Turkey unrest batters border trade with Iran
Fri Aug 21, 2015 9:30AMRecent escalation of violence between Turkish security forces and PKK militants has taken its toll on cross-border trade with Iran, dealing a serious blow to land transportation.
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‘Iran asks India to pay debt in two months’
Thu Aug 20, 2015 5:14PMIran has asked India to clear $6.5 billion in an outstanding debt within two months, a top Indian official said on Thursday, quoted by the country’s media.
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US market faces Iran carpet inroads
Thu Aug 20, 2015 10:50AMA delegation of American merchants will visit Iran to revive trade in Persian carpets which withered under intensified US sanctions.
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Ukraine econ. min. due in Tehran for talks
Wed Aug 19, 2015 1:0PMUkraine’s minister of economy will arrive in Tehran next month to discuss expansion of economic ties with Iranian officials.
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Nikkei: Japan eyes Iran investment pact
Wed Aug 19, 2015 10:43AMJapan will launch talks with Iran toward an investment agreement as Tokyo moves to lift sanctions on Tehran following the conclusion of nuclear talks last month, the business daily the Nikkei says.
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Saudi firm’s dumping hits Iranian producers
Wed Aug 19, 2015 7:36AMDumping by a Saudi holding with a controlling stake in an Iranian vegetable oil company is forcing local producers to shut down, media reports say.
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Hyundai to invest in Iran’s Anzali Port
Tue Aug 18, 2015 7:29AMSouth Korea’s Hyundai plans to invest in the development of Iran's northern port of Anzali.
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India to start clearing Iran debts in days
Tue Aug 18, 2015 4:46AMIndian officials say the country is preparing to clear $6.5 billion of dues it owes to Iran for oil import in tranches.
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Iran denies chamber of commerce with US
Mon Aug 17, 2015 6:46PMIran has denied media reports about plans to set up a joint chamber of commerce with the US after the conclusion of nuclear talks last month.
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Europe, US may invest in Iran glass industry
Mon Aug 17, 2015 4:17PMGerman, Italian and US companies have indicated readiness to invest in Iran’s glass manufacturing industry, head of the Iranian Glass and Crystal Producers Association says.
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Iran has Greek airline cancel Israel flights
Mon Aug 17, 2015 1:49PMIran’s Civil Aviation Organization (CAO) has warned a Greek airline to cancel planned flights between Tehran and Tel Aviv after media reports that the Aegean had established an indirect route between the two cities.
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Iran opens Mideast’s largest caviar plant
Mon Aug 17, 2015 11:56AMIran has opened a sturgeon farm described as the Middle East’s largest on its Caspian coasts to produce high-end caviar -- the most prized luxury delicacy reserved for the rich.
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Iran carpet exports hit $60mn in 4 months
Sun Aug 16, 2015 2:28PMHead of the Iranian National Carpet Center says the country has exported USD 60 million worth of carpets during the first four months of this year.
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UAE ready to invest in Kish Island
Sun Aug 16, 2015 12:24PMA delegation of UAE businesspeople visits Iran Kish Island, declaring readiness to make investments in various economic activities on the island.
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Iran expects better rice crop amid drought
Sat Aug 15, 2015 10:45AMIran expects to harvest 2 million metric tons of rice in the current crop year thanks to a favorable climate and better yield, an official says.
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Japan firms eye Iran’s rich mineral reserves
Sat Aug 15, 2015 8:31AMJapan’s leading steelmakers have announced interest in Iran’s mining projects, including production of precious metals such as titanium.
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Russian bank eyes Superjet sales to Iran
Fri Aug 14, 2015 7:39AMSberbank Leasing Zao, a subsidiary of Russia’s biggest lender, has announced interest in exports of Sukhoi Superjet 100 passenger planes to Iran.
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'Mercedes-Benz pays compensation to Iran'
Thu Aug 13, 2015 2:41PMGerman carmaker Mercedes-Benz has paid Iran Khodro 42 million euros in compensation for leaving Iran in the heyday of Western sanctions on the Islamic Republic, Tehran-based media reports say.
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India lines up $1.4 billion to pay Iran debt
Thu Aug 13, 2015 12:33PMThe Indian government has asked the country’s refiners to prepare $1.4 billion for payment to Iran in an outstanding oil debt, media reports from New Delhi say.
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Swiss lift Iran bans after ‘turning point’
Wed Aug 12, 2015 8:9PMSwitzerland lifts sanctions on Iran over its nuclear program, calling the agreement reached between Tehran and the global powers in July a “turning point”.
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Iranian carpets set to reconquer US market
Wed Aug 12, 2015 12:24PMA new report by a US-based newspaper says Iran's hand-woven carpets will conquer US market again once sanctions against the country are lifted.
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Iran, Guinea revive 25-year bauxite plan
Wed Aug 12, 2015 8:41AMIran and Guinea have resurrected a deal to extract bauxite in the African country after a delay of 25 years and ship it to the Middle East for aluminum production.
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Iran to hold exports fair in Armenia
Tue Aug 11, 2015 2:24PMIran is to hold its 17th exports exhibition concurrent with Panarmenian Expo 2015 in Yerevan.
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Surge seen in Iran economic recovery
Tue Aug 11, 2015 5:25AMThe World Bank says Iran’s economic growth will surge to about five percent in 2016 from three percent in 2015 after the removal of sanctions against the country.
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Iraq lifts ban on Iran chicken imports
Mon Aug 10, 2015 6:46PMIraq has removed the ban on chicken imports from neighboring Iran after Tehran made assurances that it has contained avian flu in chicken flocks across the country.
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Foreign investors eye Iran’s petchems
Mon Aug 10, 2015 5:43PMA senior Iranian petroleum official says foreign investors are keen on investing in Iran’s upstream petrochemical sector.