Economy

Gov’t attracts $11bn foreign investment in post-JCPOA (Irna – 16 May 2017)

The landmark nuclear agreement officially called the Joint Comprehensive Plan of Action (JCPOA) was signed between Iran and the world six major powers (US, Britain, Russia, France and China plus Germany) in July 2015 and its official implementation started in January 2016.

Prior to the implementation of the nuclear accord, Iran succeeded to win some $4.7bn of foreign investments in 2012.
The figure was $3.1bn and $2.1bn in 2013 and 2014 respectively.
According to the latest report by Organization for Investment, Economic and Technical Assistance of Iran, almost $12.5bn foreign investments have been authorized in different provinces nationwide during the last Iranian calendar year, ended on March 20, 2017.

Afghanistan imports 30% of consumed oil, gas from Iran (Irna – 16 May 2017)

CEO of Afghanistan Oil and Gas Enterprise Walid Tamim announced here on Sunday that 30 percent of Afghanistan’s consumed oil and gas is imported from Iran.

Answering IRNA’s question concerning exact figures of import, Tamim said because of imports by several private companies, the exact figures should be calculated. He said that Iran is one of the important countries for Afghanistan in terms of supplying oil and gas.
Tamim went on to say that the figure for gas and oil trade in Afghanistan is $4.5 billion annually, so the enterprise decided to avoid oil and gas price fluctuations in the country and earning benefit and revenue for government to enter competition with the private sector.

Tender for Financing Iran’s New Jets Within a Month (Financial tribune – 16 May 2017)

Iran will put out a tender within a month to finance the plane deals it has finalized with major planemakers, a deputy minister of roads and urban development announced on Monday.

“Ten companies from Japan, Norway, Denmark, China, Ireland and Britain have already expressed readiness to participate in the tender,” Asghar Fakhrieh-Kashan was also quoted as saying by ministry’s news website.

Iran’s flag carrier Iran Air has signed contracts worth dozens of billions of dollars with European plane manufacturer Airbus, its American rival Boeing and the French-Italian manufacturer of regional aircraft to purchase a total of 200 planes.

The financing of these deals hit a rough patch amid major international banks’ fears of being penalized by the United States.

National

Official: 48 foreign airlines active in Iran (Irna – 16 May 2017)

Director for public relations office of Civil Aviation Organization (CAO) Reza Jafarzadeh said on Monday that 48 foreign airlines are presently active in Iran.

He said that over past two years many foreign airlines asked to attend Iran’s market and there has been a growing trend; 18 airlines have been added to the market and currently 48 foreign airlines are active here.