The director general of the Foreign Investment Office of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) said his country plans to attract $6 billion in foreign investments during the year to March 20, 2021.
President Bashar al-Assad said on Monday he wanted to expand business ties with Russia to help Syria cope with new US sanctions on its economy that threaten to undermine military gains Damascus achieved with Moscow’s help.
The war on plastic waste could scupper the oil industry’s multi-billion dollar bet that the world will continue to need more fossil fuels to help make the petrochemicals used in plastics, according to a new report.
Despite the most severe sanctions against Iran, the volume of foreign investments in Iran has tripled in the current year in comparison to the same period last year, said director general of Organization for Investment Economic and Technical Assistance of Iran (OIETAI).
Iran has approved 32 new projects with direct investments from foreign nationals as authorities say the value of foreign direct investment (FDI) schemes ratified over the past four months (March 20-July 21) has tripled compared to the similar period last year.
Iran's Qom Province has managed to attract foreign investments, said head of the Industry, Mine and Trade Organization of Qom Province. adding that the approach of the province's economy is based on production and support for investors.
In the first quarter of the current Iranian year (March 20-June 20), 58 foreign direct investment (FDI) plans worth $832.6 million were approved in Iran, according to a report by the Ministry of Industry, Mine and Trade.
China and the European Union recorded some €560 billion in trade in 2019, with the EU posting a trade deficit of €164 billion. The two sides have been working on a ‘Comprehensive Agreement on Investment’, aimed at creating ‘new investment opportunities for European companies’ in China, for over half a decade now.
Calculations by experts now show that the EU’s planned economic rescue package, worth €750 billion, is nowhere near enough to achieve the bloc’s climate targets. Even in the best-case scenario, only one-third of the costs would be covered.
EU leaders discussed a massive €750 billion rescue package on Friday, which should be made available to member states to help them revive the economy and achieve the EU’s climate goals, euractiv.com reported.
The Iranian Investment Petrochemical Group (IIPG) allocated over $1 billion to the construction of four petrochemical complexes across the country, said the private investment firm’s managing director.