manufacture in the East

Kazakhstan's car industry shows improvements in 2017

In 2017, residents of Kazakhstan bought more than 46,000 new cars worth $1.12 billion, the press service of KazAvtoProm reported. The press service noted that the sales have increased by 28.6% in comparison with 2016. …

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 Turkey to establish new ministry - media

Turkey may establish a car manufacturing ministry, local media outlets reported. The  ministry will be created within the framework of the program for the creation of Turkish cars. It will control the production of domestically …

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 Renault forms new joint venture company in Iran

French carmaker Renault (RENA.PA) signed a new joint venture deal in Iran following an initial partnership agreement struck last year, which Renault said would boost its growth in the country. Renault will be the majority shareholder of …

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Italy to build rail line between Iran's Arak and Qom

Iran Railways and Italy's Ferrovie dello Stato (FS) inked three cooperation, investment and training MoUs. Head of the Iran Railways Saeed Mohammadzadeh and CEO of Ferrovie dello Stato (FS) Renato Mazzoncini signed …

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Rouhani: Iran’s missiles for defensive purposes

Iran’s President Hassan Rouhani said that the country will not back down from pursuing its missile program. Rouhani reaffirmed that Iran’s missiles are for defensive purposes, saying the country seeks …

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Russia starts production of equipment for Bushehr NPP

Russia launched production of equipment necessary for the construction of new reactors at the Bushehr nuclear power plant in Iran, President of JSC NIAEP-holding Company of JSC Atomstroyexport (JSC ASE), the project's general contractor, …

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Turkey to start producing components for satellites

Turkey will produce components for satellites, the Turkish minister of transport, maritime and communication, Ahmet Arslan, said. Arslan said the new Turkish telecommunications satellite TURKSAT 6A, which is …

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Iran begins mass production of new military equipment

Iran begins the mass production of state-of-the-art defense equipment newly designed and manufactured by experts at home to enhance the country’s capabilities in ground and aerial warfare, the country's Defense Minister Brigadier …

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Kazakhstan to amend subsoil code

Kazakh president Nursultan Nazarbayev has instructed to adopt the new 'Code on Subsoil' and make the necessary amendments in the country’s tax legislation. President, in his annual address to the …

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Iran’s auto production increases by 39.1%

The number of four-wheeled motor vehicles manufactured in Iran during the first nine months of the current Iranian calendar year, which started on March 20, shows a 39.% increase compared to the same period last year. From March 20 to …

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Russian carmakers eye Iranuan market

Kamaz, GAZ and Sollers may sign contracts on local manufacturing content in Iran in 2017, Russia’s Deputy Industry and Trade Minister Georgy Kalamanov said on the sidelines of the Russian-Iranian business forum. …

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