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Economy
Friday, 11 March 2016 19:17

Iran urges banking restrictions removal

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 …
Thursday, 10 March 2016 06:04

Iran in talks to get first credit rating

An official says Iran is in discussions to get its first credit rating as the country is emerging from years of sanctions and seeking to put its economy on strong …
Iran’s oil exports have risen to 1.8 million barrels per day (bpd) for the first time since 2012, Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi says.
Wednesday, 09 March 2016 12:51

European hopes of cheap Iran oil dashed

European hopes of securing cheap deals for imports of crude oil from Iran are apparently dashed, with some big buyers complaining that the country was refusing to budge on its …
Iran on Tuesday indicated frustration with India’s failure to settle debts remaining from previous purchases of oil from Tehran.
Iran is reported to have started rare barter deals with major commodity traders through which it provides gasoline in exchange for high-quality fuel oil.
Insurance companies from the United States, Germany and Japan have reportedly offered to provide services in Iran.
Tuesday, 08 March 2016 06:55

China irate as US targets Iran’s trade

China is outraged as the US government plans to punish its largest telecom equipment maker ZTE Corps for alleged violations of sanctions on Iran.
New signs show Iran and India have hit a roadblock over settling some $6 billion in oil dues from previous purchases of crude oil by New Delhi from Tehran.
Iran is waiting for a go-ahead from Egypt to resume oil shipments through the SUMED pipeline to Europe and the Mediterranean region.
Ahead of a visit to Indonesia by Iran’s Foreign Minister Mohammad Javad Zarif, Iran’s Ambassador to Jakarta Valiollah Mohammadi expressed the hope that the value of trade exchanges between the …
Wednesday, 02 March 2016 09:29

Australia softens sanctions against Iran

Australia has eased its sanctions against Iran, joining the world's major economies to normalize trade ties with the Islamic Republic.
Wednesday, 02 March 2016 06:05

Iran says oil exports rose by 30%

Iran said on Tuesday that its oil exports had increased by 30 percent last month. The country’s Oil Minister Bijan Zangeneh has been quoted by the media as saying that …
Iran's oil minister says the country has increased its daily oil exports to 1.75 million barrels after sanctions against Tehran were removed in line with a nuclear deal between Tehran …
Tuesday, 01 March 2016 07:14

Iranians to use Asian credit cards soon

Iran says it is preparing the grounds for its nation to use credit cards provided by Asian banks until the restrictions for using American payment operators like Visa and MasterCard …
A senior Iranian official says a Saudi and Russian initiative to tackle the oil supply glut is “a small step in the right direction.”
An Iranian container ship is heading to Europe for the first time in five years, marking Tehran's return to international markets after the lifting of sanctions, an official says.
Sunday, 28 February 2016 15:12

Iran: Pakistan firm on gas pipeline plan

Pakistan is firm on receiving gas from Iran through a pipeline, a senior official says, dismissing reports that Islamabad might have ditched the project.
An Iranian deputy oil minister says the Islamic Republic and the Republic of Azerbaijan have reached an agreement according to which Iran will swap Azeri oil through its soil.
Sri Lanka's Finance Minister Ravi Karunanayake says that Iran has responded positively for request made by Sri Lanka for purchasing oil at a concessionary price. According to the Minister, discussions …
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