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Increasing ambiguities of Velayati trip to Moscow

Increasing ambiguities of Velayati trip to Moscow

The achievements of the Supreme Leader of Iran’s Chief Advisor in international affairs, Ali-Akbar Velayati, during his trip to Moscow has entailed many ambiguities. Its main achievement can be witnessed today following Trump’s meeting with Putin, but the economic agreements made on this trip have thus far been rather obscure.  

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EU supports EIB cooperation with Iran

EU supports EIB cooperation with Iran

EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.  

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More EU investments for Iran

More EU investments for Iran

On the sidelines of his meeting with the Commissioner for Climate Action and Energy, a member of the European Commission, Iran’s Minister of Energy announced that a “Small-and Medium-Sized European Enterprises Investment” conference will take place in Iran in the autumn of 2018 as an opportunity to expand ties between Iran and the EU.  

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Tourism office opens at Ministry of Foreign Affairs

Tourism office opens at Ministry of Foreign Affairs

The Ministry of Foreign Affairs representative office in northeastern Iran has announced: “A tourism office has opened at the Ministry of Foreign Affairs to work alongside its other departments, empowering the tourism sector in Iran.”

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Iran options after US withdrawal from the JCPOA

Iran options after US withdrawal from the JCPOA

On 22 April 2018, al-monitor.com in New York writes that the Iranian Foreign Minister Mohammad Javad Zarif, speaking with Al-Monitor in New York, said that if President Donald Trump withholds the next round of Iran sanctions waivers due May 12, effectively exiting the nuclear deal, Tehran could resume its nuclear program “in a much more advanced way.” 

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Austrian investment in Iranian Railways

Austrian investment in Iranian Railways

At the meeting of the 10-member delegation from the Austrian railways industry with the Deputy of International Affairs of the Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIM), the two sides emphasized the development of bilateral cooperation in rail transport.      

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Political and economic reasons of rising exchange rates

Political and economic reasons of rising exchange rates

Dr Mahdi Pazouki, Economist, told Persia Digest: “Currency fluctuations in Iran have two reasons. The financial reason is the volume of liquidity in the Iranian economy, which is tomans 1500TR. This large figure is a potential danger for the economy. Governments must direct this volume of liquidity towards production for economic growth. But, even if 10 percent of this large volume of liquidity enters the market, it will create fluctuations in currency rates due to the atmosphere of distrust and uncertainty.”

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50% German investment in Iran Stock Exchange

50% German investment in Iran Stock Exchange

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.”

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Turkish company investment in Izeh Petrochemicals

Turkish company investment in Izeh Petrochemicals

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.”  

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Shanghai welcomes joint investment with Iran

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.”  

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South Korea to invest in Iranian solar project

South Korea to invest in Iranian solar project

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.  

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