Tag Archives: Italy

Italy is poised to sign deals worth up to $18.4 billion with Iran

#Italy is poised to sign deals worth up to 17 billion euros ($18.4 billion) with #Iran during President Hassan Rouhani’s visit to Rome, which started on Monday, a government source said.

The accords cover various sectors, including energy and steel, and underscore the potential business bonanza on offer for European firms following the lifting of crippling financial sanctions on Tehran earlier this month.

Rouhani flew into Rome at the head of a delegation of more than 100 businessmen and ministers. He will meet Italian Prime Minister Matteo Renzi and Pope Francis during his two-day stay before traveling to France on Wednesday.

Italy has traditionally had close economic ties with Tehran and no sooner had Rouhani’s plane touched down in Rome, than a government source said Italian firms were poised to sign commercial accords worth between 15 billion to 17 billion euros.

These included a deal for Italian oil services group Saipem for a 2,000 km (1,240 miles) pipeline worth between $4 billion and $5 billion, a source with knowledge of the matter said. Saipem was not immediately available for a comment.

Iran President Rouhani shakes hands with Italian President Mattarella at the Quirinale presidential palace in Rome

In addition, Italian steel firm Danieli will sign commercial agreements worth up to $5.7 billion with Iran, a company spokesman said. These accords will include a joint venture, to be called Persian Metallics, with other international investors, worth $2 billion.

Rouhani is due to address a conference of entrepreneurs and industrial leaders in Rome on Tuesday.

Iran demonstrated its hunger for Western goods at an aviation conference in Tehran on Sunday, announcing plans to buy more than 160 European planes, including eight superjumbos from Airbus , and holding up the prospect of a major order for U.S. company Boeing .

(Writing by Crispian Balmer, with additional reporting by Massimiliano Di Giorgio, Stephen Jewkes and Steve Scherer.)

Reuters

France won’t dine with Iran unless wine is served

Guess who’s not coming to dinner — or even breakfast or lunch? Ahead of Iranian President Hassan Rouhani’s landmark European trip kicking off this weekend, French officials reportedly nixed plans for a formal meal in Paris with President François Hollande … read more

200-Year-Old stoneware seltzer bottle Found in Shipwreck

The 200-year-old Selters bottle contained alcohol that is likely a gin or vodka.

A 200-year-old stoneware seltzer bottle that was recently recovered from a shipwreck at the bottom of the Baltic Sea contains alcohol, according to the results of a preliminary analysis.  Researchers discovered the well-preserved and sealed bottle in June, while exploring … read more

Jovetic brace lifts Man City over AC Milan in friendly

Pittsburgh (AFP) – English Premier League champions Manchester City cruised to a 5-1 triumph over Italy‘s AC Milan on Sunday in a weather-hit friendly at Heinz Field, home of the NFL’s Pittsburgh Steelers. Manuel Pellegrini’s men stormed into an early … read more

Pope Francis met privately with a Sudanese woman, Meriam Ibrahim

 Pope Francis met privately Thursday with a Sudanese woman who refused to recant her Christian faith in the face of a death sentence, blessing the woman as she cradled her infant daughter born just weeks ago in prison. The Vatican … read more

Italy’s Costa Concordia will set sail on its final voyage

Italy’s Costa Concordia will set sail on its final voyage Wednesday as survivors look on, two-and-a-half years after the luxury cruise ship crashed and sank in a nighttime disaster that left 32 people dead. The rusting liner, which has been … read more