To expedite banking transactions between Iran and China, the Central Bank of Iran on Tuesday opened two new accounts in euro and yuan with the Export-Import Bank of China (Chexim).
Economy
The Central Bank of Iran has permitted banks to open letters of credits in foreign currencies at market exchange rate.
The unification of foreign exchange rates and establishment of an interbank forex market are prerequisites set by the Central Bank of Iran for launching a foreign currency futures market,…
Insurance brokers have called for the establishment of an official union that would enable them to advise policy buyers and help promote healthy operations in the industry.
Presented during…
Iran has witnessed a significant surge in its foreign exchange earnings as a result of the steady increase in oil exports in the post-sanctions era, the governor of the Central Bank of Iran said…
Azad Omrani, a member of the Agricultural Products National Association, has cautioned against alacrity in the commercializing and consumption of transgenic crops.
More than 10.76 million tons of wheat worth 137 trillion rials ($3.87 billion at current market exchange rates) have been purchased from local farmers by the government since the beginning of the…
Around 400 tons of illegally imported goods, including food items and clothing, worth 150 billion rials ($4.24 million at current market exchange rates) were destroyed in Tehran on Wednesday, in…
Iran exported 305,200 tons of non-oil goods worth $137.4 million to Taiwan during the first four months of the current Iranian year (March 20-July 21) indicating a threefold rise in value compared…
Three separate groups of Boeing officials are in Iran this week to discuss their $25 billion aircraft sale to the country. The official trip to the Islamic Republic follows ongoing obstacles Iran…
First quarter growth figures, released this week, have stirred fresh debate among economists and politicians. The business community was apparently not impressed by the data and stock markets…
Authorities have conditioned the import of household appliances into Iran to licensed representatives of foreign brands who provide after sales services, the Trade Promotion Organization of Iran…
The 1st International Exhibition of Foodstuff, Beverages, Machinery and Related Industry, otherwise known as ‘Kish Foodex 2016’, is scheduled to be held in Kish Island in southern Hormozgan…
Volkswagen will sign an investment deal with an unnamed Iranian private automaker in the coming weeks, a deputy industries, mining and trade minister said. Mansour Moazzami added that several…
Iran Standards and Quality Inspection Company released a new report on the quality of 33 locally-made cars.
The new statistics show domestic cars are still suffering from lower than…
Bank Sepah’s branch in Frankfurt has connected to Target 2, an interbank payment system, said Bank Sepah’s CEO on Tuesday
Bank Melli Iran has started offering bank guarantees for exporters of engineering services to Oman through its branch in Muscat.
Nine Iranian ships have received coverage from the Steamship Mutual Underwriting Association Limited of P&I Clubs since 31 July 2016, Islamic Republic of Iran Shipping Line announced on…
Minister of Economic Affairs and Finance Ali Tayyebnia, who is currently in China as the head of the Iranian delegation to the 16th session of Iran-China Economic Commission, said the complete…
The 21th Executive Committee Meeting of ECO's Chamber of Commerce and Industries was held in Tehran on Tuesday with private sector representatives of the organization calling for renewed…
Valiollah Afkhami-Rad, head of the Trade Promotion Organization of Iran, is due to visit Budapest September 14-18 at the head of a commercial delegation.
About 1,800 tons of milk in excess of domestic demand is converted into powdered milk everyday as demand has tanked for this dairy product, according to the head of the Agriculture Commission of…
Iran exported more than 144,300 tons of non-oil goods worth $141.3 million to Spain during the first four months of the current Iranian year (March 20-July 21), which shows a 58% increase compared…
Iran exported $27 million worth of hand-woven carpets to the US during the first four months of the current Iranian year (March 20-June 20, 2016), according to head of Iran’s National Carpet…
About 95% of the agricultural machinery need is met by domestic producers, according to Kambiz Abbasi, an official with the Ministry of Agricultural Jihad.
