Iran Petchem Output Grows 4% despite Sanctions
Shana — Iran says its petrochemical output has increased by at least 4% year-on-year despite the sanctions the country endured most of the current calendar year since March 21.

Turbocharged Soren enters mass production phase

MNA _ Following the fulfillment of the project of matching the engine and car, Soren with turbocharged engine entered mass production phase, announced IKCO in a ceremony attended by Iran’s Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh and Member of Expediency Council Ali Akbar Nategh Nouri on Saturday.

Trilateral consortium to invest in Iran 

MNA – A trilateral consortium of Iranian, Indian and South Korean companies signed a deal with Kermanshah province of Iran to invest in joint projects.

Japan to open $10bn credit line for Iran

MNA – Iran-Japan’s first economic MoU was signed on Fri. in the presence of Iranian economy minister and and Japanese Foreign Minister Fumio Kishida.

Over $60m foreign investment in Tabriz

IRNA – Foreign investors will cooperate to make investment in development projects in Tabriz worth 22,400 billion rials (near 61,500,000 dollars), Tabriz Mayor Sadeq Najafi said Sunday.

British economic delegations on their way to Iran

IRNA– Cyrus Mehdizadeh, the Director of the British Iranian Chamber of Commerce, while emphasizing the urgency of the removal of banking obstacles, stated that the British enterprises are eagerly anticipating collaboration with Iran, and during the next few months.

Iran, Armenia sign agreement for banking cooperation

ISNA- Iran and Armenia signed an agreement for banking cooperation between two banks.

Zarif invites British companies to investment in Iran

ISNA- Iranian Foreign Minister Mohammad-Javad Zarif called for presence of British companies’ presence in Iran for investment.