South Korea’s LG subsidiary to build electric cars in Iran

A subsidiary of  South Korea’s  LG Corporation  has announced it is going to  manufacture electric cars…

Japan and India look to team up to develop Chabahar as logistics hub

Japan and India are planning to team up to help develop Iran’s southeastern  Chabahar port as a…

Reformists win second round in Iranian elections in boost for Rouhani

Iranian elections: Reformist and moderate Iranian politicians allied with President Hassan Rouhani have won the second…

Tehran calls on investors to help turn Iranian tourism into $30bn industry

Iranian tourism:  The government in Tehran has drawn up a list of 1,500  projects  that it plans to…

Tehran looking to attract $77bn for Iranian petrochemical industry

The Iranian petrochemical industry needs to attract $77bn in investment by the end of the decade if it…

China’s CNTIC to invest €1.7bn in Iranian Mehran petrochemical plant

 Mehran petrochemical plant: CNTIC  –  the China National Technical Import & Export Corporation – this week agreed…

North South Corridor progresses as work begins on Astara rail bridge

Astara rail bridge: Linking  Iran’s and Azerbaijan’s railway networks together will cut nearly four weeks off…

Oil prices slide back as Doha talks collapse

Doha talks: The price of crude oil fell by as much as 7% in early trading…

Saudis pull back from Doha oil deal as Iran refuses to freeze output

Doha oil deal: The meeting between OPEC and non-OPEC oil producers on an agreement to freeze output…

Iran boycotts Doha oil talks with producers close to agreement

Doha oil talks: Iran has boycotted today’s  meeting between OPEC and non-OPEC member countries in Qatar as more than…

Mogherini leads EU delegation to Iran on mission to boost commercial ties

A high-level delegation of eight European Commissioners led by the EU’s High Representative for Foreign Affairs and…

Kazakhstan and Iran sign $2bn cooperation package in Tehran

Kazakhstan and Iran  this week signed up to a package of 66 joint projects worth up…

Iran eyes up Indian oil refineries in bid to secure exports

Iran would be  interested in developing  Indian oil refineries as a means of ensuring the sale of its crude oil…

Tehran to raise $1.2bn in South Pars bonds to pay for future development

South Pars bonds: Iran’s oil ministry was today due to issue $1.7bn in bonds, $1.2bn  of which will…

China agrees to fund $3bn Tehran-Mashhad rail project

The State-run China National Transportation Equipment & Engineering Co Ltd (CTC) is close to finalising an…

Iranian exports to Russia to soar as Tehran bids to take over from Ankara

Iranian exports to Russia: Iran plans to increase its exports to Russia  from $500m to $2bn in…

Tehran refuses to join freeze until Iranian oil production hits 4m bpd

Iranian oil production: Iran will not consider joining Russia and Saudi Arabia in their plans to put…

Oman’s Salalah in link-up with key Iranian ports

The southern Omani port of  Salalah has signed a basic agreement with two key Iranian trade…

Iran’s oil exports forecast to hit 2m bpd as first tanker docks in Spain

Iran’s oil exports will soon reach two million barrels a day, Economy Minister Ali Tayyebnia forecast…

Rouhani calls for privatisation of Iran’s car industry

Iran’s car industry should be completely privatised if it is to become a global competitor, President…

Iran’s hardliners lose control of parliament as Rouhani hails end of confrontation

The Iranian people had voted for  an end of confrontation with the outside world, President Hassan Rouhani said…

Talks reopen over Iran-India gas pipeline bypassing Pakistan

Iran-India gas pipeline: Representatives of two of India’s largest  natural gas importers are due to visit Iran…

Moderates take Tehran in Iranian elections but trail in countryside

Iranian elections: Moderates and reformists have dealt another blow to Iran’s hardliners, winning all but one…

Rouhani on track for landslide victory as moderates mop up Tehran

Allies of Iran’s reformist President Hassan Rouhani have won a landslide victory in Tehran, in the…