Iran-Germany Joint Economic Committee meeting to be held after 15 years[stm_post_details] Sigmar Gabriel, the German vice chancellor and economy minister, will travel to Iran next week (May 2016) to attend the Iran-Germany Joint Economic Committee meeting in Tehran, a meeting held for the first time after 15 years. This is Gabriel’s second visit since the...

Seoul hosts Iran’s trade opportunities conference[stm_post_details] TEHRAN-Trade Opportunities Conference of Iran opened in the South Korean capital in the presence of 600 merchants and officials in the eastern Asian country's industrial sector on Thursday, the Shana news agency reported. During the event, which was held with the contribution of Korea International Trade Association (KITA) and...

Iran-India deal on Farzad-B gas field to be concluded this year[stm_post_details] TEHRAN-“In case undergoing technical negotiations with Indians bear fruit, the agreement on development of Farzad-B gas field will be signed by the end of 2016,” said National Iranian Oil Company (NIOC) Managing Director Rokneddin Javadi. The official said that a group of Indian companies...

[stm_post_details] The European Union and Iran have "turned a new page" in their diplomatic relations, the EU's foreign policy chief said on a visit to Tehran.. Federica Mogherini said they had agreed to work on closer ties in a number of areas, including the economy, energy, education, migration and transport. The visit follows last year's...

Italy to Invest €4b in Railroad Projects[stm_post_details] A €4 billion investment agreement with Italy’s transportation company ITINERA S.p.A was a major highlight of the recent visit by the European country’s Prime Minister Matteo Renzi, who led a 250-strong economic mission to Iran, which was a fruitful trip for Iran’s rail industry in particular. “The Italian...

Italian company to build 50 MW solar power plant on Iran’s Qeshm island[stm_post_details] TEHRAN- The Italian company of Carlo Maresca S.p.A. is to build a 50-megawatt solar power plant on the southern Iranian island of Qeshm due to its signed agreement with the Qeshm Free Zone Organization, ISNA reported on Sunday. The deal was signed...

Greece urges expansion of ties with Iran in all areas[stm_post_details] In his meeting with Iran's ambassador to Athens Majid Motallebi Shabestari, Stathakis referred to the lifting of sanctions on Iran’s economy as providing a good opportunity for the both countries to expand their relations as much as possible. Stathakis said His country is willing to fulfill part of...

Iran’s petchem output to rise about 30% in 2 years: Zanganeh[stm_post_details] TEHRAN- The worth of Iran’s petrochemical production is planned to rise about 30 percent to $22 billion by the next two years, said Iranian Oil Minister Bijan Namdar Zanganeh. Zanganeh made the remarks on February 13 in a ceremony organized by Iran’s National Petrochemical...

Talks Underway With Visa, Master Card[stm_post_details] Negotiations with big credit card issuers, namely Visa and Master Card, are underway to introduce their cards to Iran’s market, the CEO of Shaparak payment and settlement network said on Wednesday. Mohsen Qaderi, however, added that the process could take a long time. “The success of the talks hinges...