Iran and China inked a memorandum of understanding (MoU) on Wednesday to invest $3.6 billion in Masjed Soleiman Petrochemical Industries Co.
China to invest $3.6b in Masjed Soleiman petchem project
Iran is continuing serious negotiations with France's Total to finalize a $2-billion deal to develop South Pars Phase 11, said Oil Minister Bijan Namdar Zanganeh.
Oil Ministry to finalize gas deal with Total soon
Plans are underway to establish a new bank with 100 percent Iranian share in Azerbaijan, announced Central Bank of Iran Governor Valiollah Seif.
Bank with 100% Iranian share to be set up in Azerbaijan
Norwegian Fishery Minister Per Sandberg in a meeting with Iran's Ambassador to Norway Mohammad Hassan Habibollahzadeh welcomed expansion of Tehran-Oslo cooperation in fish farming and related areas.
Norway eyes greater fishery cooperation with Iran
The first Brazilian Embraer airplane joined Iran's air fleet while four other Embraer 195 will be added to the aviation fleet by March 20, an official said.
First Embraer aircraft joins Iran's fleet
Iran has zipped past the likes of Venezuela and Nigeria to become India’s third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country.
Iran becomes 3rd largest oil supplier for India
France, Germany and Italy have asked the European Commission (EC) to rethink rules on foreign investment into the EU amid concerns that technological know-how is leaking abroad, the three countries said in a joint letter obtained by Reuters.
Three nations urge rethink of foreign investment in EU
Germany expects solid growth at the start of 2017, driven by manufacturing and booming construction, but uncertainties over Brexit and US President Donald Trump’s trade policies clouded the outlook for its export-orientated economy.
Brexit, Trump trade moves cloud German economic outlook
The standoff between Greece and its creditors has escalated, with the embattled Athens government vowing it will not give in to demands for further cuts as data showed the country’s economy unexpectedly contracting.
Greece defies creditors over more cuts as economy shrinks unexpectedly
Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow to economic activity.
China’s credit growth poses challenge

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