Economy

President Hassan Rouhani said here on Monday that Iran's trade surplus for a period of 12 months starting March 21, 2015 turned positive for the first time in almost 37 years.

A senior nuclear negotiator says Iran’s return to normal business will take time after the lifting of sanctions but US hindrances are making it difficult.

The latest official figures show that Iran’s trade surplus for a period of 12 months starting 21 March 2015 turned positive for the first time in almost 37 years.

As Iran is moving ahead with a promised rise in its oil exports, indications are appearing that the international businesses are trying to ease the flow of the Iranian oil to markets.

Iran's Minister of Economic Affairs and Finance Ali Tayyebnia sent a letter to Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei, pledging a hard push to carry out plans on ‘Resistance Economy’ in the New Persian Year.

The media in Turkey have reported that two Iranian lenders are planning to do business in the Turkish market – a move which is being praised for its potential positive effect on the country’s investment rating by international institutions.

Iran this past week resumed trading with the West when a container ship belonging to one of its key shipping companies docked at Hamburg.

Iran says it has already been able to regain the share of the oil market that it had lost as a result of multiple years of draconian sanctions.

Since removal of anti-Iran sanctions in January, the Iranian government's financial policies have been aimed at cotrolling three major variables of macroeconomy, deputy governor of the Central Bank of Iran (CBI) announced on Thursday.

Iran’s media reported on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure financial messaging services.

The media in Seoul have reported that Korea Gas Corporation (KOGAS) is considering a project to build a subsea pipeline to take natural gas from Iran to Oman – what would bring Tehran closer to an ambitious plan to become an exporter of liquefied natural gas (LNG).

Iranian President Hassan Rouhani on Monday hailed the existing potentials for expansion of trade ties between Tehran and Hanoi, and declared a decision by the two sides to boost the annual bilateral trade to $2 billion in five years.

Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.

Iran Khodro expects to sign a commercial deal with Mercedes-Benz within the next six months, the CEO of the Middle East’s biggest carmaker says.

The foreign ministers of Iran and New Zealand on Sunday emphasized the importance of expanding bilateral relations, particularly in the economic sector.

The Belgian deputy prime minister said Brussels and Ankara will cooperate on major gas and energy projects in Iran under a joint venture agreement.

Two Chinese firms expressed willingness for investment in Iran’s railway and shipping sectors following the termination of anti-Tehran sanctions.

The Australian government on Saturday expressed determination to expand trade activities with Iran in a post-sanctions era.

Japan is to deliver medical devices worth 1.2 billion yen ($10.5 million) to Iran as per a grant aid agreement which is being entered into effect Saturday.

British trade officials say fears from US punitive measures is preventing the country’s businesses to approach the Iranian market.

Iran calls for the facilitation of its banking transactions and trade exchanges with world countries following the January removal of sanctions against Tehran, the chief of staff of President Hassan Rouhani says.

A huge delegation of British businessmen is planned to travel to Iran in May in a bid to explore business opportunities in the Islamic Republic following the termination of anti-Tehran sanctions.

Iran on Tuesday announced that it had exported 32 tons of heavy water to the United States in what could be a landmark progress in the commercialization of the country’s nuclear energy program.

Insurance companies from the United States, Germany and Japan have reportedly offered to provide services in Iran.

Royal Dutch Shell paid its outstanding debt of 1.77 billion euros ($1.94 billion) to Iran following the termination of anti-Tehran sanctions.