TEHRAN – The second edition of Iran Green Trade Fair (IGTF 2017) is hosting five domestic exhibitors and 48 foreign companies, IRIB reported. The exhibitors from countries including the Netherlands, Germany, India, Italy, France and Japan are showcasing their latest achievements and products in the three-day event which kicked off at the Tehran Permanent International…

TEHRAN – President Hassan Rouhani officially inaugurated 10 major oil, gas, and petrochemical projects worth $20 billion in the southern energy-rich Assalouyeh region on Sunday. Five phases of the South Pars gas field, four petrochemical projects, as well as the South Pars’ oil layer came on stream, Shana reported. South Pars is part of a…

“Salesman” wins Farhadi, Iran second Oscar in storm of Hollywood criticism of Trump[stm_post_details] TEHRAN – The Iranian drama “The Salesman” won the Oscar for best foreign-language film at the 89th Academy Awards at the Dolby Theatre in Hollywood, California on Sunday amid a storm of condemnation of President Donald Trump by Hollywood figures. Director Asghar...

Iran ranks 1st among world’s top sponge iron producers: official[stm_post_details] TEHRAN – Iran produced 14.5 million tons of sponge iron in 2016 to stay at the top of producers of this type of iron in the world, according to Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)....

Japan signs MOU in Tehran to study steel project[stm_post_details] TEHRAN - Japan’s Sojitz Corporation signed a memorandum of understanding (MOU) with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to study the production of steel sheets in Iran’s southeastern port city of Chabahar. According to a report by IRNA, the MOU was...

$450b of foreign investments should be attracted in 9 years[stm_post_details] TEHRAN- Iran needs to attract $450 billion of foreign investments by 2026, the head of the investment panel at the Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.. As ISNA quoted Ferial Mostofi, financing problems in addition to the engineering and technical problems of...

Iran, Luxemburg sign agreement on mutual investment[stm_post_details] TEHRAN- Iranian Economy and Finance Minister Ali Tayyebnia and the visiting Luxembourg's Minister of Foreign Affairs Jean Asselborn penned an agreement to support and encourage investments in each other's countries in Tehran on Monday. As the Iranian Economy Ministry's website, Shada, reported, the agreement seeks to secure the...

Spanish firms seeking long-term partnership with Iranian businesses[stm_post_details] TEHRAN- Spanish companies are seeking long-term partnership with Iranian businesses, particularly in infrastructure and transport projects, Spain’s Chamber of Commerce Director Alfredo Bonet said. The event aims to develop in a  synergistic way between the Iranian and national players, the potential of the area, its productive resources and i ts...

Iran to sign multi-billion dollar oil contracts by March 2017[stm_post_details] TEHRAN- Amir Hossein Zamaninia, the Iranian deputy oil minister for international affairs and trade, announced that the Islamic Republic will ink new oil contracts worth billions of dollars with renowned foreign companies by the end of the present Iranian calendar year (March 20, 2017), ISNA...

Iran climbs 16 places in WB’s LPI global ranking[stm_post_details] TEHRAN – According to the World Bank (WB)’s latest report, “International LPI Global Ranking 2016”, Iran’s Logistics Performance Index (LPI) has jumped 16 places to rank 96th compared to the 2012 report.. Based on the report, Iran’s LPI index stood at 2.6 for 2016 which shows...