Tuesday 6 December 2016
 
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Iran

Iran, Hyundai near $650m deal for ships

Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said. Under the contract, Hyundai will build

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Russia delivers S-300 air defence system: Iran

Russia has fully delivered all parts of S-300 air defence system to Iran and the two countries have agreed to develop logistical and technical cooperation, a senior Iranian government official said. The air defence system was fina

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India mulls $20bn investment in Iran port

India plans to invest $20 billion in Iran's Chabahar port and in the development of the major Farzad B offshore gas field project, according to a senior Indian official. Indian companies have been in talks with Tehran since 20

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Iran, Romania sign $700m power plant deal

Iran and Romania signed an agreement to build a 1,000-MW power plant near the Iraqi border with an investment of up to $700 million, of which 70 per cent will be sourced by the Romanians and the rest by Iran, a report said. The pl

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Iran, Romania sign $700m power plant deal

Iran and Romania signed an agreement to build a 1,000-MW power plant near the Iraqi border with an investment of up to $700 million, of which 70 per cent will be sourced by the Romanians and the rest by Iran, a report said. The pl

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Opec strikes 'deal on first production cut in 8 years'

The Organization of Petroleum Exporting Countries has reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report, citing sources. Op

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Iran’s dairy products market to grow at 22pc

Iran’s dairy products market is projected to grow at a high compound annual growth rate (CAGR) of around 22 per cent, during 2016 to 2021, according to report by TechSci Research, a research based global management consulting firm.

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Iran petchem firm eyes $1bn for expansion

Iran’s Persian Gulf Petrochemical Industries Co (PGPIC) is in talks with Asian companies to raise around €1 billion ($1.1 billion) for an expansion scheme, including a methanol project, intended to serve China and other Asian customer

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Iran petchem firm eyes $1bn for expansion

Iran’s Persian Gulf Petrochemical Industries Co (PGPIC) is in talks with Asian companies to raise around €1 billion ($1.1 billion) for an expansion scheme, including a methanol project, intended to serve China and other Asian customer

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43 dead in Iran train collision

At least 43 people have died in a train collision in Iran’s Semnan province, the country’s Emergency Services Organization director Pirhossein Kulivand said. Deputy Chairman of the Red Crescent Society for Relief and R

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