May 18, 2016

Iran’s Roads and Urban Development Ministry and Cyprus’ Transport, Communications and Works Ministry signed a memorandum of understanding (MoU) at the first Iran-Cyprus joint meeting on transport cooperation on Monday, the ISNA news agency reported.
The MoU, which was signed by Abbas Akhoundi, Iran’s Roads and Urban Development Minister and Cyprus’ Transport, Communications and Works Minister Marios Demetriades, covered the fields of aviation, ports and maritime.
According to the ISNA, the development of ports, maritime educational cooperation, investment in the private sectors in ports and hinterlands, shipping Cypriot cargo to Iranian ports and around the world by Islamic Republic of Iran Shipping Lines (IRISL) and making new aviation agreements between the two countries, were among the subjects mentioned in the MoU.
Cyprus shares a long history of good relations with Iran, including bilateral agreements dating decades back. Among the more recent agreements are the ones on promoting and protecting investments, merchant shipping, medical science, tourism, education and culture.
Additionally, in September 2014, both countries’ Chambers of Commerce signed a memorandum of cooperation, thus offering a new momentum to the business connections between the two.
Source: Tehran Times, ISNA

About Track Persia

Track Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.