Iran Economy NewsHema, Iran Khodro say to sign 200 mln euro...

Hema, Iran Khodro say to sign 200 mln euro deal

-

Reuters: Iranian carmaker Iran Khodro and Turkey’s Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two automotive factories, company officials told Reuters on Thursday.

ISTANBUL, Sept 16 (Reuters) – Iranian carmaker Iran Khodro and Turkey’s Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two automotive factories, company officials told Reuters on Thursday.

They said the memorandum of agreement could be signed in Iran in two weeks. One factory would make brakes and the other steering wheels and they would be built in a free-trade zone on the Iranian border. (Reporting by Evrim Ergin; Editing by Simon Cameron-Moore)

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Iran’s approaching vote brings receding Web access

AP: From a computer keyboard in London, an Iranian...

Iran Former Minister seeks referendum on nuclear program

Bloomberg: A former Iranian interior minister and opposition figure...

You might also likeRELATED
Recommended to you