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Iran Khodro, Peugeot of France sign a deal
2016/Jan/30
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Iran Khodro car maker from Iran and Peugeot of France signed a deal on Thursday to broaden mutual cooperation on automobile industry in Iran, IRNA reported.
During the current visit of the Iranian President Hassan Rouhani and his entourage to France, the two sides held various round of talks on signing a deal between Iran Khodro and Peugeot at the presence of Iranian president, French premier and ministers of industry, mines and commerce as well as senior economic managers and the two auto making managing directors.
This is for the first time ever that a top international automobile maker is to finance in Iran”s automobile industry.
Establishment of Iran-France Joint company with equal sharing of fifty percent will bring latest technological development to Iran for auto making products.
President Rouhani leading a high delegation arrived in Italy and now is in France on his second leg to his European tour.
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2016/Jan/30 |
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Iran signs agreement with biggest EU pharmaceutical Co.
2016/Jan/30
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Ministry of Health, Treatment and Medical Education signed a memorandum of understanding (MoU) with Sanofi Company, EU”s biggest pharmaceutical firm during President Rouhani”s visit to France.
Head of Board of Directors of Sanofi, Venberg said at the signing ceremony attended by President Rouhani and Foreign Minister Zarif and Minister of Health, Treatment and Medical Education Hassan Qazi Hashemi that no doubt, a new chapter in Iran-France ties has opened concurrent with the removal of anti-Iran sanctions.
He added that Sanofi as the biggest pharmaceutical multinational company in France will be committed to present innovative solutions and new treatment approaches during his presence in Iran.
As per the agreement, Sanof will seek ways to promote cooperation with the Iranian producers and make its experience in the fields of quality standards of medicine, technology of producing medicines available to them, he said.
Sanofi also intends to launch permanent and serious cooperation with Health Ministry in the projects to prevent and contain certain diseases, Venberg said.
Sanofi has studied ways of cooperation with Iran”s scientific community so that it will be able to transfer its knowledge in the field of epidemiologic studies to Iran, he said.
The main goal of the cooperation is management of improving chronic and non-contagious diseases such as diabetes and MS as well as rare diseases.
Sanofi started its activities officially in the capital.
(irna) |
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2016/Jan/30 |
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Iran, French telcom firms sign up MoU
2016/Jan/30
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Iranian Company Asr-e Danesh signed a memorandum of understanding (MoU) with the French telcom company Techtys in a ceremony attended by Communications and Information Technology Minisiter Mahmoud Vaezi.
Iran, French telcom firms sign up MoU
According to the ministry”s Public Relations Department, Vaezi during his Paris visit, discussed Iran”s future plans in the field of communications with French Minister of Economy, Industry and Digital Affairs Emmanuel Macron.
The Iranian minister also called for joint activities and investment in the field and transfer of technology to Iran”s market.
Macron described promoting economic ties with Iran as significant, saying that his country will remain committed to whatever is agreed during President Rouhani”s visit to Paris.
Underlining the need for cooperation with Renault and Startup companies, he said that he will travel to Tehran to study the situation and ties with Iran.
Iranian and French companies convened in MEDEF last night to discuss their mode of cooperation as well as their needs.
Vaezi also said that France is willing to see a close cooperation between the Iranian and French firms.
(irna) |
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2016/Jan/30 |
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Italy, Iran sign major steel deals
2016/Jan/27
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Italy”s steel firm Danieli announced on Tuesday that it had signed agreements worth about €5.7 billion in total with Iran.
Danieli, one of the world”s three largest metal industry suppliers, said in a statement that the agreements – that were signed during the visit to Rome by Iran”s President Hassan Rouhani – envisage the establishment of a joint steel production venture with Iran as well as the supplying of machinery and plants to Iran.
The joint venture will be named Persian Metallics and will be made up through an investment of a total of €2 billion by Iranian and international investors.
Persian Metallics will use iron ore and energy to produce about 6 million tons per year of pellets. Danieli added in its statement that the pellets will be intended for feeding direct reduction plants whose product is “an excellent raw material” to produce steel through melting by electric arc furnace. It also emphasized that the electric arc furnace is the most environmentally friendly and often more competitive way to make steel today.
The group further added that other agreements relating to the supply of machines and plants to produce steel and aluminum will be signed with several Iranian companies for a value of around €3.7 billion.
Rouhani arrived in the Italian capital on Monday morning and will leave for Paris on Wednesday.
He is leading a 120-strong delegation that includes Iranian entrepreneurs as well as the oil and gas minister and other government officials in his two-nation European tour.
Iran plans to quadruple steel production to 55 million tons a year by 2025 to keep pace with demand in its industry and an economy being billed as one of the emerging Next Eleven.
Iran”s biggest mill, also the Middle East”s largest, is currently Mobarakeh Steel Company which produces 7.2 million metric tons of steel per year.
There are also several private steel plants, each under 100,000-ton capacity, scattered around the country.
(press TV) |
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2016/Jan/27 |
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Korea president mulls first ever Iran visit
2016/Jan/27
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South Korean President Park Geun-hye is considering to visit Iran as the Asian country seeks to tap into business opportunities there, the Yonhap news agency says.
The announcement was made by presidential spokesman Jeong Yeon-guk to reporters in Seoul on Wednesday, without specifying the date of the visit but various South Korean reports put it for either April or May.
"The President is considering a visit to Iran and we will soon disclose the dates when they are confirmed," Jeong said, according to Yonhap.
The visit would be the first ever to Iran by a South Korean president, coming on the heels of a recent lifting of sanctions on the Islamic Republic, which has unleashed a flurry of interest in the country.
Asian rush, European deals
On Saturday, Chinese President Xi Jinping visited Tehran at the head of a large political and trade delegation, marking a “new chapter in strategic economic cooperation” with the signing of 17 documents.
Japan, another major Iranian trade partner in Asia, lifted sanctions on the Islamic Republic last Friday, paving the way for an imminent conclusion of a bilateral investment agreement.
Taiwanese companies, meanwhile, are likely among the first in Asia to restart trade relations with Iran after the lifting of sanctions.
On Monday, Taiwan”s refiners said they will increase crude imports from Iran this year, paving the way for the OPEC producer to regain its market share in Asia.
Iranian President Hassan Rouhani is currently on a five-day tour of Europe, signing more than a dozen accords worth about $20 billion in Italy and looking to further deals in France on Wednesday and Thursday.
“Land of opportunity”
Iran is billed as the largest emerging market closed to business since the fall of the Soviet Union, with a tremendous chest of resources including oil and gas reserves, which combined are the world”s largest.
Yonhap described Iran as “a land of opportunity" following the lifting of sanctions and the Korea Times daily dubbed it “a promising market.”
South Korea”s exports to Iran rose to $4.14 billion in 2014, up 8.3% year-on-year, according to data compiled by the state-run Korea Trade-Investment Promotion Agency.
Earlier this month, South Korea”s official export credit agency KEXIM said it was raising its sovereign credit rating for Iran by one notch in anticipation of a strong economic growth.
The agency has already pledged to provide financial support to Korean firms trying to secure business in Iran as international companies jockey to enter the market.
Executives of Hyundai and Daewoo engineering and construction companies and other private builders such Daelim Industrial Co and Eximbank and Korea Expressway Corp visited Tehran last August.
They were among 30 representatives of oil, gas and construction industries accompanying South Korean Minister of Land, Infrastructure and Transport Yoo Il-ho on an official visit to Iran.
(press TV) |
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2016/Jan/27 |
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