Tuesday 9 February 2016
 
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Iran

Iranian oil minister calls for $200bn of investment

Iran's oil industry will need $200 billion of investment to help it develop in the coming years, mostly from outside the country, the oil minister was quoted as saying.   "We need $200 billion of investm

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US restarts imports from Iran

The US has commenced importing goods from Iran since December 2015, restarting trade relations after more than two years, according to statistics released by the US Census Bureau show. The value of US imports from Iran in December

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Khodro, Fiat to set up joint firm in Iran

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) and Fiat plan to set up a joint company in Iran, a senior official said in a report. The automobiles produced by the Italian firm can compete with Peugeot and Volkswa

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Khodro, Fiat to set up joint firm in Iran

Leading Iranian vehicle manufacturer Iran Khodro Company (IKCO) and Fiat plan to set up a joint company in Iran, a senior official said in a report. The automobiles produced by the Italian firm can compete with Peugeot and Volkswa

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Vinci eyes Iran bullet-train station contracts

French construction giant Vinci said it had started preliminary discussion with senior government officials  in Iran over the construction of high-speed train stations in the country. Hit by weak growth at home, Vinci, the la

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Iran society to draw up green energy guidelines

The Iranian Solar Energy Society on Renewable Energy aims to compile a roadmap for developing the Islamic Republic’s renewable energy sector, a top official said. "We seek to identify all those who are involved in this

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Peugeot to pay Iran $446m in damages

French car-maker PSA Peugeot Citroen will pay Iran over 400 million euros ($446 million) in compensation for losses after it quit the country due to sanctions, the managing director of the country's largest carmaker said. Peug

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Peugeot to pay Iran $446m in damages

French car-maker PSA Peugeot Citroen will pay Iran over 400 million euros ($446 million) in compensation for losses after it quit the country due to sanctions, the managing director of the country's largest carmaker said. Peug

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German firm to invest $1.1bn in Iran’s copper industry

Germany-based Mansfelder Kupfer und Messing (MKM), a leading copper company, has signed a memorandum of understanding (MoU) to invest €1 billion ($1.11 billion) in a number of projects in Iran, said a report. MKM signed the d

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Iran to build $2bn oil refinery in Spain

Iran will build a $2 billion oil refinery with planned capacity to produce 120,000 barrels per day of oil in Spain, a report said. National Iranian Oil Refining and Distribution Company (NIORDC) plans to team up with Spain’s

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