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Russian Sukhoi Superjet in Iran
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Russian Sukhoi Superjet in Iran

The Russian Energy Minister announced the agreement between Moscow and Tehran to purchase the Sukhoi Superjet 100 airliner to Iran's aviation fleet. “We discussed the possibility of our Iranian partners to purchase the Sukhoi Superjet 100, and we have outlined a plan to do this”, Alexander Novak stated in a conversation with "Russia 24".

Iran and Russia sign MoUs
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Iran and Russia sign MoUs

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.  

Iran and India sign oil MoU
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Iran and India sign oil MoU

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.”  

Rouhani inaugurates briquetted iron factory
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Rouhani inaugurates briquetted iron factory

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.

Shanghai welcomes joint investment with Iran
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Shanghai welcomes joint investment with Iran

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.”  

Iran and Switzerland to manufacture metro trains
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Iran and Switzerland to manufacture metro trains

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.  

Iran-Germany Business Opportunity Seminar
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Iran-Germany Business Opportunity Seminar

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.

Iran seeking alternative trade hub to Dubai
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Iran seeking alternative trade hub to Dubai

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.  

Most viewed in all sections

Tesla and Volvo seek out 10-year old Iranian inventor

2018/01/06

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.

Iran, US should opt long term relations

2017/10/22

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.

German Schiller Group Concert in Tehran

2017/11/14

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.  

Cooking Tour for Persian dishes

2017/08/16

Two young girls by the names of Shirin Tahanan and Matin Lashkari are the initiators of a delicious cooking tour in Tehran. Shirin cooks and Matin organizes the tour.  

New find in Persepolis

2017/08/20

The newly discovered gates in Persepolis will soon be turned into a museum site once all the protective and safety measures have been completed.

Latest News

US insults for Iran’s volleyball team

2018/06/19

The Iranian volleyball team competing in the FIVB Volleyball Men's Nations League in the US has been interrogated by the FBI at the airport.  

Zarif digs on Israeli nuclear warheads

2018/06/19

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.”  

Rouhani: Tehran will stand by Doha

2018/06/19

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.  

Reactions to Netanyahu's plans for Iran

2018/06/18

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.”

Iran rep in OPEC: Will veto Saudi proposal

2018/06/18

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.