Iran has awarded a first contract to private investors for development of its railway infrastructure amid plans to expand the country’s rail freight transport market.

Regarding the privatization of car manufacturers, we are examining investors' requests for transferring the concessions of Iran Khodro and SAIPA companies, an official with Iran’s Industries Development and Modernization Organization.

Tasnim Irans President Hassan Rouhani expressed his administrations support for the private sector, saying law-abiding producers, business people and exporters would receive special support and financial incentives. Addressing a Sunday session of the administrations Economic Coordination Headquarters, Rouhani highlighted the leading role of the ...

Financial Tribune - The private sector can purchase wheat from local farmers at prices negotiated between the two sides, the Ministry of Industries, Mining and Trade announced at the request of Agriculture Ministry. However, the permit has been granted on condition that they abide by the Industries Ministrys guidelines, ILNA reported. In the ...

MNA A Member of Parliament Mohammadreza Aref called for taking advantage of capabilities of private sector for the development of space technology in the country. He made the remarks on Sat. in his visit to Iran Space Research Center and pointed to the significance of space technology in the country, calling for the Ministry of Communications and ...

Financial Tribune - October 21 is traditionally marked as the National Day of Export in Iran by economic players from both public and private sectors. This years event, owing to its concurrence with the Arbaeen mourning ceremony, was put off to a later date by Minister of Industries, Mining and Trade Reza Rahmani. However, this has not prevented ...

Financial Tribune - Hemmati: Had it not been for the dedication and efforts of the private sector, surviving the current difficult conditions would be difficult G overnor of the Central Bank of Iran commended the role of the private sector in helping the economy to survive the harsh economic penalties imposed by the United States government. Abdolnasser ...

Tehran Times - Expanded transportation via railway is today one of the major pillars of sustainable development for the countries; and it is why the governments usually allocate noticeable funds and resources to development of railway. In Iran, development of railway has been a very significant plans of the governments in recent year. The countrys ...

Tehran Times - Located in Irans southern province of Hormozgan, Shaid Rajaee is the countrys largest and best-equipped container port. Enjoying the most modern container terminals and port equipment, Shahid Rajaee accounts for 85 percent of the total loading and unloading at the Iranian ports. Given its significant role in the countrys import ...

Financial Tribune - Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market. Head of the Iranian Oil Products Exporters' Union, Abolqasem Hashemi, told IRNA on Saturday that "Oil is a strategic commodity and cannot be bought and sold easily ...

Financial Tribune Private companies account for 67% of Iran's total thermal power output. Iranian firms in the private sector produce at least 44,000 megawatts of thermal power per annum, whereas state-run companies output is in the range of 21,000 MW, IRNA reported. A total of 123 thermal power plants are operational, which generated 287 billion ...

Press TV - Iranian government is absolutely determined to give up its remaining shares in the two giants of the countrys automotive industry, saying IKCO and SAIPA will be fully privatized next year. A senior member of the Expediency Council, an overarching body influencing high-stake economic decisions in Iran, said on Wednesday that the two main ...

IRNA Iranian President Hassan Rouhani on Wednesday described competition between the state-run and private sectors as totally wrong, saying that the former should not be a rival for the latter. Addressing a gathering of job generators and economic activists late on Wednesday, he added that under equal conditions, priority lies with the private ...

United Nations Iran - Several years of drought has turned Nehbandan area in Irans South Khorasan Province on the eastern border with Afghanistan into dry lands with harsh living conditions affecting the already disadvantaged rural population, mainly dependent on their livestock for their food and income. I am a herdsman, but due to continuous drought,...

Financial Tribune - The study tracked data for the two calendar years 1392 (March 2013-14) and 1393 (March 2014-15) and as the organizers of the research say, it aims to cover future years too. A study conducted by the Statistical Center of Iran has for the first time measured the share of the private sector in the national economy. The findings ...

MNA The Director General of Ministry of Culture and Islamic Guidance for Provinces Affairs Ali Ghiasi Nedoushan said on Tue. that Ministry of Culture and Islamic Guidance will back private sector in the international markets. The ministry will follow up supporting private sector in the international markets of artistic and cultural works, he maintained....

Financial Tribune | Mohammad Affianian: As Iranian businesses were reeling from the previous round of US sanctions -- scrapped as part of the historic 2015 nuclear deal -- little did they know that something more problematic was around the corner. US mercurial President Donald Trump delivered on his election promise to abandon the 2015 Iran nuclear ...

SHANA -The Research Institute of Petroleum Industry (RIPI) has signed an agreement with a private company to join a refinery project in Qeshm Free Trade Zone. The deal is aimed at cooperating in investing, designing, constructing and commissioning an oil refinery in Qeshm Free Trade Zone. The agreement was signed on Saturday based on which RIPI ...

MNA Syrian Minister of Economy and Foreign Trade Mohammad Samer al-Khalil invited Iranian private sector for reconstruction process in this Arab country. Suitable ways have been provided for foreign investors to invest in Syria, he said, adding, in this regard, Irans private sector can re-export their products from Syria ...

IRNA - Iranian President Hassan Rouhani urged ambassadors of other countries, as representatives of Iran's nation, history and culture to develop political, economic, commercial and cultural relations with other countries. Hassan Rouhani said on Tuesday, in a meeting with the new ambassadors of Iran in Spain, Sierra Leone, Kuwait, Romania and Bangladesh ...