Forbes | Wade Shepard: Russia and Iran signed a $2.5 billion dealon Monday to start up a much-needed rail wagon production operation.The agreementwas forged between the Industrial Development and Renovation Organization of Iran (IDRO) and Transmashholding, who is Russias largest rail equipment supplier. The two sides will set up a new joint venture,...

MNA Irans Industrial Development & Renovation Organization (IDRO) has signed a 2.5bn contract with Russian Transmashholding Company to establish a joint venture for manufacturing metro wagons. Under the contract, Iran and Russia will cooperate on designing, research and development, manufacturing and maintenance and various types of metro wagons....