Jute goods losing export market
Shrinking global demand key reason; 21 private jute mills shut, many running below capacity
Iran, Russia Agree to Trade in Nat’l Currencies
EghtesadOnline: The commercial banks of Russia and Iran have agreed to pay for bilateral supplies of products in national currencies, the Central Bank of Russia said in a statement on Friday.
Swedish Firm Eyes Launching IPO for Investment in Iran
A senior official with a Swedish firm said the company plans to launch an Initial Public Offering (IPO) to raise finance for investment in Iran following the removal of anti-Tehran sanctions.
Italian Textile Machinery Manufacturers to Visit Iran
Representatives of Italian textile machinery manufacturers are planned to visit Iran later this month to explore business opportunities in the country following the removal of anti-Tehran sanctions.
Iranian, Turkmen FMs Discuss Closer ties
Iranian Foreign Minister Mohammad Javad Zarif and his Turkmen counterpart, in a meeting here in Tehran on Saturday, explored avenues for promotion of cooperation between the two neighboring countries.
Good Grounds for Exports to US via Oman: Iranian Official
Head of Iran-Oman Joint Chamber of Commerce highlighted the suitable opportunities available in the Arab country for exporting Iranian goods to the US.
Irish Banks Say Difficulties Remain in Trade with Iran
Two major Irish banks confirmed on Tuesday that restrictions on processing Iranian money are still in place despite a lasting nuclear between Tehran and world powers.
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IMF Announces Rise in Iran’s Foreign Exchange Reserve
The International Monetary Fund (IMF) in its latest economic report announced that Iran’s foreign exchange reserve has witnessed a significant growth.
South Africa Can Become Iran’s Major Economic Partner: President Rouhani
Iranian President Hassan Rouhani voiced his administration’s readiness to boost relations with South Africa in diverse areas, economy in particular.
Europe Says US Regulations Keeping It from Trade with Iran
TEHRAN (Tasnim) – With the completion of the nuclear deal with Iran and the opening of its market, European businesses expected a trade bonanza, but the US restrictions are now preventing them from expanding their trade ties with Iran, which is a lucrative market for the EU.
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US Failed to Comply with JCPOA Commitments, CBI Chief Says
TEHRAN (Tasnim) – Central Bank of Iran (CBI) Chief Valiollah Seif censured Washington for failing to fulfill its commitments under a nuclear deal between Tehran and six world powers (known as the JCPOA), saying that “almost nothing” has happened for facilitating Iran’s financial transactions.
German Economy Minister Due in Iran Next Month
TEHRAN (Tasnim) – German Economy Minister Sigmar Gabriel will pay an official visit to Iran in coming weeks to finalize agreements on a number of joint development projects, Iranian Minister of Road and Urban Development Abbas Akhoundi said.
Iran, Italy Ink 6 Agreements to Develop Ties
TEHRAN (Tasnim) – High-ranking officials from the private and public sectors of Iran and Italy signed 6 memorandums of understanding (MoUs) to boost cooperation in various economic, political and cultural fields.
British Banks Remain Reluctant to Finance Trade with Iran
TEHRAN (Tasnim) – British banks are tentative to re-engage with Iranian financial entities as anti-Tehran sanctions are still in place and not fully lifted off despite a lasting nuclear between Iran and six world powers, a British official said.
Iran’s Central Bank Chief Due in US to Attend IMF, WBG Meeting
TEHRAN (Tasnim) – Central Bank of Iran (CBI) Chief Valiollah Seif will leave Tehran for the US capital of Washington DC on Wednesday night to take part in the spring meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG).
Italy to Open Major Credit Line to Boost Exports to Iran
TEHRAN (Tasnim) – Italy’s export agency SACE announced in a statement on Tuesday that Rome will supply a credit line worth 8.8 billion euros ($10.05 billion) to relaunch exports to Iran.
Iran, Kazakhstan Eye $1bln Trade: Deputy Minister
TEHRAN (Tasnim) – After several meetings between a high-ranking Kazakh delegation and their Iranian counterparts, an Iranian official announced that Tehran and Astana are seeking to raise the volume of their annual trade exchanges to 1$ billion.
Iranian Bank to Resume Ties with Russia
TEHRAN (Tasnim) – Iran’s largest bank hopes to restart working with Russian banks within the next few weeks as the January implementation of a nuclear deal between Tehran and world powers has encouraged foreigners to seek closer trade ties with the Islamic Republic.
European Banks Eye Return to Iran after Sanctions Relief
TEHRAN (Tasnim) – A number of European banks have signaled their intention to initiate their activities in Iran’s financial market following a lasting nuclear deal between Tehran and world powers.
Tehran, Baku Eye Closer Ties in ICT
TEHRAN (Tasnim) – Officials from Iran and the Republic of Azerbaijan explored avenues at a meeting in Baku for closer cooperation between the two neighbors in the information and communications technology (ICT) sector.
