Iran says it will offer a tax break of 13 years to hoteliers in what appears to be part of a policy devised to promote the country’s tourism industry. “All economic activities related to… tourism will enjoy 100 percent tax holidays between five to 13 years depending on the region,” AFP quoted Iran’s Deputy Economy…
Iran says Germany is preparing to implement an action plan to invest €3 billion in different industries of the Islamic Republic. Ali Majedi, Iran’s ambassador to Germany, said the investments will be made through a consortium comprising six German banks. Majedi emphasized that the related agreements for this will be signed during the visit to…
Germany and Iran have signed a range of business deals in what is expected to take economic relations between the two countries to a new level. The German Economy Ministry announced in a statement that several Mittelstand firms, the small-to-medium-sized companies that form the backbone of the economy, had signed the deals with their Iranian…
An official at NIOC said Iran has begun crude sales to British companies as the first one-million-barrel shipment was delivered to British Petroleum. Seyyed Mohsen Ghamsari touched upon resumption of oil exports to British firms in the post-JCPOA era saying “so far, two crude oil and gas condensate cargos have been sold to two companies…
Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has been able to achieve the target of four million bpd output in the wake of lifting the sanctions. He made the remarks in his speech to a group of the Petroleum Ministry officials. Kardor said that Iran has been able…
PThe Lake Urmia in Iran’s West Azarbaijan province turned red as the result of an environmental phenomenon known as the “red tide”, that is actually the result of an algal bloom, an event in which marine or fresh water algae accumulate rapidly in the water. It produces oxygen radicals which can damage fish gills, possibly…
Show jumping championship of Iran held from 5 to 9 with participation of 43 top ranking cavaliers. Riders found their way to the final day of the maximum height of 155 cm and a barrier 15 prevents the water jump. Champion: Sheragim Habib with horse Waldo of Tehran, 6/02 faults 2nd Place: Maziar Jamshidkhani with…
Tehran and Amsterdam plan to promote trade ties based on a defined road map observed Iran’s ambassador to the Netherlands while highlighting the significance of relations between the two countries. Alireza Jahangiri, who was speaking at Erasmus University in Rotterdam, added that grounds are prepared for closer cooperation between the Islamic Republic and the Netherlands…
Defeating Portugal 4-3 in the playoff, Iran’s national team won the third place in the FIFA Futsal World Cup 2016. Iran vs Portugal FiFa Report Embed from Getty Images Futsal players grabbed the bronze after a six-round penalty shootout in the Coliseo El Pueblo stadium, in Cali, Colombia, on Saturday. Iran suffered a 4-3 loss at…
Iran has signed a memorandum of cooperation with two Japanese firms to reduce fuel oil production at Bandar Abbas oil refinery. Reducing the share of fuel oil from the current 30 percent to less than 10 percent marks one of the key policies pursued in Iran’s crude refining industry in the post-JCPOA era. Accordingly, numerous…
