Currency prices have been going through a bull market in Iran over the course of the past couple of days. In IRR currency, the US dollar was exchanged for tomans 5220 yesterday, showing a leap of tomans 130/dollar. Ascending prices continued this morning to reach tomans 5750 by 14h00 hours. The euro has also passed the 7160 toman mark. Other currencies, including the pound sterling, have reached unprecedented prices.
Deputy Chairman of Iran Stock Exchange stated that over 50% of the investment volume in the Iranian capital market belongs to the Germans: “We will continue our contacts with the German investment supervisory authority carefully so as to preserve the confidence that German investors have made in the market, the supervisory body, and all the players in the domestic capital market.”
The first Iran JOBEX exhibition will begin work from 25 April 2018 in Tehran. This is the most credible platform for expert employment and human resources in the country and will run from 25-28 April at the permanent international fair grounds in the capital.
The second Iran Petroleum Contract (IPC) to develop joint “Aban” and “West Paydar” oil fields has been signed with Russia. Iran’s Minister of Petroleum stated that this was a special contract, generating USD 4BN in revenue for Iran.
The French Renault car is set to executive its contract with the Industrial Development and Renovation Organization of Iran (IDRO) from next year which, according to SAIPA CEO's announcement yesterday, is likely to be part of a new partnership between the two carmakers.
An MoU has been signed between Khuzestan Province Governorate, southwestern Iran, and the Turkish Gama Enerji company. At the signing ceremony, Turkish Gama Enerji representative acting on behalf of the CEO relayed his company’s interest in investing in Khuzestan, and said: “Our company began its activities in Iran 18 months ago and we have been interested in making a large investment here.”
After months of negotiations, a Chinese company agreed to fund the purchase of Iran Airs’ airliners. According to the Ministry of Roads and Urban Development of Iran, Iran Air and a Chinese company signed an MoU to enable the company to finance the purchase of Iran Airs’ airliners.
According to Iran's foreign trade statistics, imports from Russia and the US have dropped dramatically in the 11 months leading up to February. Based on these statistics, imports from Russia worth USD 615MM and an approximate weight of one million tons show a drop of 58 percent as compared to a similar period the previous year. Russia is the 14th exporter of goods to Iran.
Al Monitor News has cited an Iranian source, claiming that the US Treasury Department has issued licenses for the sale of Canadian aircrafts to Iran. If the veracity of the news is verified, this will be the first such license issued by the Trump Administration. As reported by Al Monitor: “Questions have emerged about whether the US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new licenses to Canadian plane manufacturer Bombardier Inc. to sell passenger aircraft to Iran.
At the signing ceremony for a cooperation agreement between Iran and China to build the provincial capitals of Shiraz (Fars Province) to Bushehr (Bushehr Province) railway line, the Iranian Minister of Roads and Urban Development announced: “In addition to connecting Shiraz to Bushehr, our other rail projects include a line from Shiraz to Gol-Gohar (Kerman Province), from Kerman to Bandar Abbas (Hormozgan Province), and from Kerman to Chahbahar (Sistan & Baluchistan Province). On completion, a heavy road traffic load can be transferred on to the railway lines.”
Following a visit to the Citroen factory by SAIPA automotive group CEO, he announced: “The French are ready to transfer technical knowledge to Iran and work with SAIPA to promote car and parts design. Iran will become the world’s second largest Citroen production hub after France.”
A cooperation agreement has been signed for the manufacture of 450 metro trains between the Industrial Development & Renovation Organization of Iran (IDRO) and China. IDRO Group Chairman, Mansour Moazami, said: “The Chinese side will be working with the “Wagon Pars Arak” company in order to maximize domestic capacities in train manufacture. Production and supply of the required trains will be carried out with the cooperation of a foreign company and modern technology for the first time in Iran.”
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.
Iranian Prime Minister, Javad Zarif, has posted a tweet addressed to the Stockholm International Peace Research Institute (SIPRI): “There are at least 80 nuclear warheads stationed in the Middle East. None are in Iran; rather, they're at the fingertips of a warmonger who howls incessantly about fabricated Iranian “ambitions”. Time for an overdue debate on the real threat to the region & beyond.”
In a telephone conversation with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani on Monday, President Hassan Rouhani expressed hope that Tehran and Doha can make the best of the many capacities they have to promote trade between the two countries.
Some time ago, Israeli PM Benjamin Netanyahu sent a video message about the water crisis in Iran, saying: “Israel has the knowledge to stop an environmental crisis in Iran and I want to share this with the people of Iran.” He pointed to the launch of a website and a telegram channel in Persian to fight the water crisis in Iran, and stated: “Israel is with the Iranian people and I want to save the lives of many of them.”
Bloomberg reports that Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.