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CIBA holds first annual conference
TEHRAN, Sep. 24 (MNA) – The first annual conference of Canada Iran Business Association (CIBA) convened in Montreal on Saturday with the aim of establishing a bridge between Canadian and Iranian businesses.
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Europe takes steps to remove banking obstacles with Iran
TEHRAN, Sep. 24 (MNA) – In the past few days, two Danish banks as well as an Austrian one have signed major finance deals with Iran to become the first two European countries in providing loans to Iran after the implementation of nuclear deal.
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Prices for Iranian crude exceed $53 per barrel
TEHRAN, Sep. 24 (MNA) – Iran’s light crude prices moved up by over one dollar to reach as high as 54 dollars per barrel in the week leading to September 15.
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Iran, India, Oman hold talks on energy
TEHRAN, Sep. 24 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif met with Foreign ministers from India and Oman to confer on energy in a trilateral session.
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Valiollah Seif:
Iran to enjoy investment capacity of $3,500 bn by next two decades
TEHRAN, Sep. 23 (MNA) – Governor of the Central Bank of Iran Valiollah Seif announced that Iran has the capacity to attract 3500 Billion dollar investments within the next two decades.
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Iran, UK sign biggest post-JCPOA contract
TEHRAN, Sep. 20 (MNA) – At a ceremony in London, the biggest post-JCPOA contract of Iran and Britain was signed to boost Iran’s solar energy capacity by 600 MW.
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France grants $70mn loan to Iran for transport renovation
TEHRAN, Sep. 20 (MNA) – In a joint session between Iranian officials and the executives of 14 French companies, the Minister of Roads and Urban Development announced a $70 million loan granted to Iran by the French government for renovation of transport systems.
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Iran, France trade turnover to hit $4.8bn by 2018
TEHRAN, Sep. 19 (MNA) – ICCIMA head has announced that volume of trade transactions between Iran and France is expected to reach 4.8 billion dollars by the end of the upcoming year.
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Iran ready to do business with German entrepreneurs
TEHRAN, Sep. 19 (MNA) – Labor Minister Ali Rabiei has announced Iran’s readiness for business interactions with German startups and industry owners.
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Iran swaps 720k oil barrels
TEHRAN, Sep. 19 (MNA) – An oil official said a total of 720,000 barrels of crude oil belonging to Caspian Sea littoral states have been so far transferred as part of the swap project.
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Labor min.:
Iran to deploy workforce abroad
TEHRAN, Sep. 19 (MNA) – Labor Minister Rabiei, while noting that political issues were the main obstacle to deployment of workforce abroad, said reported on sending skilled labors overseas.
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Jens Rönnberg:
Lack of transparency challenges foreign investment in Iran
TEHRAN, Sep. 18 (MNA) – A member of European Central Bank’s Executive Board and an auditor in PricewaterhouseCoopers firm says transparency is still the major obstacle to international companies’ cooperation with Iran.
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Iran to reform economic structure jointly with foreign institutions
TEHRAN, Sep. 18 (MNA) – TCCIMA chairman said the Chamber will begin to reform structure of the Iranian economy in cooperation with PricewaterhouseCoopers (PwC) Company.
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Foreign investors’ asset value at TSE grows 28% in 5 months
TEHRAN, Sep. 18 (MNA) – Tehran Stock Exchange has reported on a 28-percent rise in volume of equity belonging to foreign investors over the past five months.
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Iran ranks 8th in sericulture industry
TEHRAN, Sep. 18 (MNA) – Head of Iran’s Silk Research Center said the country ranked eighth in the world in the field of silk farming.
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Iran, Iraq to synchronize power grids within months
TEHRAN, Sep. 18 (MNA) – Deputy Iranian energy minister said power grids of Iran and Iraq will be interconnected in mid-November.
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Iran, Belarus sign tax free truck transit agreement
TEHRAN, Sep. 17 (MNA) – Iran and Belarus have signed a transportation agreement at a meeting of Joint Commission of International Road Transportation, which entails the two countries to issue tax free transportation license for trucks.
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Iran cuts rail fright tariffs to benefit India-Russia route
TEHRAN, Sep. 17 (MNA) – A senior official in Islamic Republic of Iran Railways said Iran has reduced tariffs for goods transportation by 50% in order to increase attraction of cargo to INSTC-Express Corridor from India to Russia.
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Iranian Railways:
ICM System has to be used in North-South corridor route
TEHRAN, Sep. 17 (MNA) – An official from the Iranian railways asked the participant member states of North – South Transport Corridor to establish Integrated Corridor Management system on this route.
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Iran’s light crude prices rise to $53 per barrel
TEHRAN, Sep. 17 (MNA) – Prices for light crude of Iran climbed by more than one dollar to be traded at 53 dollars per barrel in the week leading to September 08.
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Norway eyes building solar plants in Iran
TEHRAN, Sep. 16 (MNA) – Norway’s Scatec Solar, a company specializing in renewable energy, is in talks to build its first solar power plants in Iran, joining a wave of foreign energy firms looking to invest in the Islamic Republic, Reuters reports.
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CAO head:
Iran aviation to withstand US sanctions
TEHRAN, Sep. 16 (MNA) – Head of Iran’s Civil Aviation Organization Ali Abedzadeh said that Iran has the capacity to remain unaffected by the recent US sanctions on the country's aviation industry.
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CBI, CDB ink €15bn MoU
TEHRAN, Sep. 16 (MNA) – Central Bank of Iran (CBI) and China Development Bank (CDB) inked a cooperation agreement worth 15 billion euros to provide financing facilities for development projects.
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By: Maryam Azish
Iran eying unprecedented boom in oil industry
TEHRAN, Sep. 15 (MNA) – According to Iranian Minister of Petroleum Bijan Zangeneh, Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country.
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Tehran, Beijing ink $10nb investment contract
TEHRAN, Sep. 15 (MNA) – Iran’s deputy economy minister said, within a 10-billion-dollar contract, China has allocated Lines of Credit (LOCs) to five Iranian banks.
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Iran eyes opening new trade route into Europe
TEHRAN, Sep. 13 (MNA) – Iran's Deputy Minister of Roads and Urban Development said opening a new trade route into Europe other than Turkey can boost economic activities via road transportation.
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Iranian mining companies to receive foreign finance
TEHRAN, Sep. 13 (MNA) – IMIDRO Managing Director Mahdi Karbasian announced a recent finance agreement between Iran and Germany, saying Iran will receive some good news about mining finances from a number of countries.
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IKCO, Benz ink deal to form joint venture
TEHRAN, Sep. 13 (MNA) – Iran Khodro automaker company (IKCO) and Germany’s Mercedes-Benz Automobile manufacturer signed a contract to form a joint venture.
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IRISL enjoys $1bn insurance coverage
TEHRAN, Sep. 12 (MNA) – IRISL head said the Islamic Republic of Iran Shipping Lines is presently under one billion dollars of insurance coverage.
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Iran calls for €5bn trade volume with Pakistan
TEHRAN, Sep. 12 (MNA) – Iran’s VP for Economic Affairs Mohammad Nahavandian has called for boosting trade transactions with Pakistan to reach the goal of 5 billion euros.