Economy

Iran, India Discuss Ways to Expand Economic Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed ways to expand mutual economic ties between the two sides in a Wednesday meeting in New York.

Iran Parliament Passes FATF Bills; Expediency Council to Make Final Call

Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.

China Vows to Continue Normal Business Ties with Iran

Chinese Foreign Minister Wang Yi says his country will continue its normal economic cooperation with the Islamic Republic of Iran despite the US’ sanctions on Tehran.

Foreign Ministry Explains Why Iran Needs to Adopt FATF Standards

The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).

Iran Saves $540m by Decreasing Sugar Imports

An official at Iran’s agriculture ministry says the production of sugar in the country has been increased, and the Islamic Republic has managed to save $540 million this year by decreasing sugar imports.

Iran’s Economy Grows 1.9% in April-June Quarter

Iran’s Statistics Centre says the country’s economy posted a 1.9-percent gain in the three months to June 21, 2018, exclusive of oil sales.

Rial’s Depreciation Threatening Iran’s Border Markets

Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.

Turkey Calls for Establishment of Joint Bank with Iran

A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.

New iPhones Available for Pre-Order in Iran at Astronomical Prices

Apple’s latest flagship iPhone series, XR and XS, have been put up for pre-order in Iran, but the prices are so astronomical that only the super rich can afford them!

Iran, Turkmenistan to Boost Mutual Trade to $60b

Mahmoud Vaezi, the chief of staff of Iranian President Hassan Rouhani, says Tehran and Ashgabat are seeking to upgrade the value of their mutual economic relations to $60 billion.

Iran Can Meet Turkmenistan’s Trade Needs: President

Turkmenistan’s President Gurbanguly Berdimuhamedow says his country is fully prepared to expand its mutual ties with its southern neighbour, the Islamic Republic of Iran, in all areas, especially in business.

Iran, India, Afghanistan Agree to Boost Cooperation on Chabahar

The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy foreign ministers in the Afghan capital of Kabul.

Lalejin; A World Craft City with Zero Unemployment Rate

The city of Lalejin in Iran’s Hamadan province is globally known for its pottery, and this has helped the World Craft City to decrease its unemployment rate to almost zero.

Forex Offices Allowed to Import Foreign Currencies to Iran

The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.

Iranian MPs to Review Bill on Iran’s CFT Accession

The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).

Tehran, Moscow, Ankara Agree to Ditch US Dollar in Trade

Governor of the Central Bank of Iran (CBI) says important agreements have been reached with Russia and Turkey on oil sales and ditching the US dollar in bilateral trade.

Iran’s Private Firms Called on to Partake in Syria’s Reconstruction

Iranian Foreign Minister Mohammad Javad Zarif and Syrian Prime Minister Imad Khamis have discussed the stronger role of Iranian companies in the reconstruction of the war-torn Arab state.

“US Resolved to Topple Iran Ruling System through Economic War”

Iranian ambassador to the United Kingdom says the US’ all-out economic war against Iran is aimed at overthrowing the Islamic Establishment through fomenting public dissatisfaction.

UK Minister in Tehran to Discuss Business Ties despite US Bans

Iran and Britain are slated to hold a new round of bilateral talks in the Iranian capital Tehran on September 1, defying the US sanctions re-imposed by the Trump administration.

Iran to Dispatch Skilled Workforce to UK, Germany

A senior official says skilled Iranian workforce will be dispatched to Germany and the United Kingdom as part of deals signed with the European countries.

Iran Developing National Blockchain Platform

An Iranian central bank official says the country is working to create its homegrown, seamless blockchain platform, which will enable the country to create a money transfer network involving Iran and its allies.

Iran Calls for Opening Joint Shipping Line with Qatar

Iranian President Hassan Rouhani has called for further expansion of relations with Qatar, especially by launching a joint shipping line between the two Persian Gulf states.

Iran’s Economy Minister Sacked by Parliament

Iran’s Minister of Economic Affairs and Finance Masoud Karbasian could not survive an impeachment by the Iranian Parliament and will have to leave his office.

Rouhani Optimistic Iran Could Overcome Existing Challenges

The Iranian president says his government is determined to handle challenges the nation is facing, and he is optimistic the country will succeed in foiling hostile plots, just like the way it managed to discredit nuclear allegations against Iran.

US Still Top Importer of Persian Rugs despite Sanctions

The United States is still the main importer of Iranian carpets despite the sanctions it has imposed on the country’s economy.

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