The Minister of Economy of and the Minister of the Russian Trade and Economic Development Council have signed MoUs in Moscow’s President Hotel on Tuesday 6 March 2018. The Russian Ministry of Energy and the Petroleum Ministry of Iran will be working together on the geology of the Iran-India-Pakistan gas pipeline project, financing and investing in Iranian Industries and Mines, and joint research and development in the field of natural resources and the Caspian seabed.
The IR of Iran, Russia, and Kazakhstan have signed a Memorandum of Understanding for a trilateral trade in wheat. Iran has signed the MoU with the aim of becoming self-sufficient in wheat production and benefiting from its geographical location to become a trading hub for wheat and flour exports in the region.
An MoU has been signed between Iran's Industrial Development and Renovation Organization (IDRO) and the Indian Oil and Natural Gas Corporation Limited ONGC VIDISH for the development of the Susangerd oilfield in the southern Khuzestan Province of Iran. IDRO CEO, Nasrollah Zare’ei, said: “A similar MoU has been signed with the Russian Zarubezhneft petrochemical company and, together with the MoU signed with India, we intend to form a consortium.”
A trilateral cooperation agreement was signed between Iran's Technical and Vocational Training Organization, Iran Chamber of Commerce, and Germany’s Training and Skills Development Foundation for the implementation of the cooperation plan on professional and vocational training.
Iranian President, Hassan Rouhani, has inaugurated the country’s first hot briquetted iron factory (HBI) at the “Saba Foulad” steel complex. Sponge iron briquettes are a product of direct reduction of iron ore to iron by reducing gas or elementary carbon produced from natural gas or coal. The pellet shapes are spongy in appearance, hence the naming of the product.
President of China Council for the Promotion of International Trade said: “Shanghai is ready to welcome Iranian investors, as well as work on joint ventures with Iran.” Talking on the sidelines of the opening of the Iranian pavilion in Shanghai on Wednesday 28 February and the economic conference between Iran and China, he added: “In the past, the Silk Road strengthened ties between our two countries. This continues today at an even deeper level.”
The Central Bank of Iran (CBI) announced today, 28 February 2018, that orders will no longer be registered using the US dollar. However, this is not an ex post facto law for those orders that have received their 8-digit registration licenses prior to the above-mentioned date.
A contract has been signed between the Industrial Development & Renovation Organization of Iran (IDRO) and the Swiss Stadler Company, for the manufacture of 960 metro trains to run on the Tehran-Karaj line, aiming to create jobs and transfer technical knowledge. The contract is worth an estimated euros 1BN and 100MM with Swiss financing. It has been signed by Ali Araghchi, IDRO CEO on the Iranian side, and Mohammad Rahmani, Senior Stadler Negotiator on the Swiss side. The project will be carried out by “Polour Sabz-e Kerman” with Stadler financing.
The Islamic Republic of Iran and the Republic of Armenia signed four cooperation documents, including a document for a joint economic commission, two documents on customs cooperation, and a sports document, at the closing ceremony of the fifteenth session of the Iran-Armenia Joint Cooperation Commission.
An Iran-Germany business opportunity seminar is being organized by the state Ministry of Rhineland-Palatinate for Economic Affairs and the Iran Germany Chamber of Commerce and Industry. The seminar will take place on 28 February at the Isfahan Chamber of Commerce and on 3 March at the Tabriz Chamber of Commerce.
Following new tensions between Iran and the UAE, Tehran is seeking to downgrade Dubai as its regional trading hub and replace it with Qatar and Oman. The Financial Tribune writes that Iran’s recent decision has been taken following new pressures and restrictions by UAE and Dubai officials imposed on Iranian businessmen by ratifying new VAT laws, restricting visas, and limiting banking facilities.
South Korea will invest in the construction of a solar power plant in Zarandieh, central Iran. A South Korean delegation visited an area in Markazi Province, Iran, where a solar power plant is to be built, reported China's Xinhua News Agency.
The young 10-year old Iranian boy, Hossein Atayi Sangrudi from Karaj has already 16 inventions in his portfolio. Six of these are in the process of being registered. His inventions include the VTOL three-modality drones, gunboats, office furniture, miniature sprayer, multipurpose control for smart TVs, and so on.
In an interview with Persia Digest, Adib-Moghaddam said: It is imperative that Iran gets even closer to the EU, not least to keep the communication with Washington going, and to minimize misperceptions.
The German Schiller Group Concert is taking place in Tehran for the first time.
Christopher von Deylen, will be traveling to Tehran with his Group for the first time in mid-December to stage a concert at the Hall of the Ministry of the Interior over two nights on 11-12 December, at 21h30.
Professor of arts and media studies at Université Paris III, Fahimeh Najmi, has released her book entitled “Le Théâtre, L'Iran et L'Occident” [The Theater, Iran, and the Occident] in Paris on 11 April 2018.
Seventy-eight years ago, on 24 April, the first radio transmitter in Iran began broadcasting from the old Shemiran road studios in Tehran. Exactly on 24 April, 1940, a radio service started which presented programs such as news, Iranian music, cultural and artistic subjects, history and geography for eight hours a day. The service was only for Tehran, and for this reason became known as “Radio Tehran”.
With tensions between regional rivals Iran and Saudi Arabia at the brink, a rare dialogue recently took place between two former senior Saudi and Iranian officials. Hosted by the Center for Strategic Studies at the Joint Special Operations University in Tampa, Florida, former Saudi Ambassador to the United States and Director General of Saudi Arabia’s intelligence agency Prince Turki al Faisal debated Hossein Mousavian, a former spokesman for Iran’s nuclear negotiators and chairman of the foreign policy committee of Iran’s National Security Council. The lively discussion touched on each country’s view of its security environment and the broader issues affecting the Iran-Saudi relationship. LobeLog has obtained the full transcript of the conversation, and the following is an abbreviated excerpt covering the key points.
Iran's foreign minister said Monday that neither Iran nor Saudi Arabia can be the dominant power in the Middle East and what's needed most is for countries in the Persian Gulf region to talk to each other — not about each other.