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Iran, Russia to integrate bank card systems

Iran, Russia to integrate bank card systems

Iranian director of the payment system department of the central bank said that Iran and Russia are carrying out negotiations to link bank card systems.
Iran handmade carpet exports up 31%

Iran handmade carpet exports up 31%

Deputy Head of Iran’s Carpet Center for Economic Affairs Mohammad Mehdi Farshchi said Iran exported $270 million worth of hand-woven carpets during the 8 months of the current Iranian year.
Russia and China Challenge Dollar Domination

Russia and China Challenge Dollar Domination

The Russian government has recently announced it will issue nearly $1 billion equivalent in state bonds, but denominated not in US dollars as is mostly the case. Rather it will be the first sale of Russian bonds in China’s yuan. While $1 billion may not sound like much when compared with the Peoples’ Bank of China total holdings of US Government debt of more than $1 trillion or to the US Federal debt today of over $20 trillion, it’s significance lies beyond the nominal amount. It’s a test run by both governments of the potential for state financing of infrastructure and other projects independent of dollar risk from such events as US Treasury financial sanctions.
Iran finds solution to facilitate foreign trade

Iran finds solution to facilitate foreign trade

Iran doesn’t leave attempts to get rid of the financial hegemony of the US dollar and is still seeking ways for transition to clearing accounts in national currencies with its close and friendly trade partners.
Tehran, Doha Boosting Trade, Benefiting from Saudi Blockade on Qatar: Analyst

Tehran, Doha Boosting Trade, Benefiting from Saudi Blockade on Qatar: Analyst

The move by Iran to increase bilateral trade with Qatar, following a Saudi-led blockade, has benefited the two countries, according to an expert.
Iran, South Korea Sign Contract to Build 450 Railway Wagons

Iran, South Korea Sign Contract to Build 450 Railway Wagons

Iran and South Korea signed a contract on Saturday to jointly manufacture railbuses for public transportation in suburban Tehran.
Swiss Parliament to Vote on Whether to Ban Halal, Kosher Meat

Swiss Parliament to Vote on Whether to Ban Halal, Kosher Meat

The Swiss Parliament is to vote on whether to ban the import of kosher and halal meat in the country amid criticism from Jewish leaders.
Serica Energy eager to invest in Iran’s oil-gas sector

Serica Energy eager to invest in Iran’s oil-gas sector

Tony Walker of Serica Energy says that his company is posed to have more interaction with Iran after the successful venture of the North Sea, Rhum Gas Field.
Iran’s steel production rises by %32

Iran’s steel production rises by %32

The World Steel Association (worldsteel) has published the 2017 edition of World Steel in Figures, showing Iran’s steel production rose by %32 during the last 11 months
Iran, Italy sign $34 million petrochemical contract

Iran, Italy sign $34 million petrochemical contract

Iran and Italy have signed a contract in the field of engineering services for GTOP/GTPP worth $ 34 million.
Iran, Afghanistan vow to boost economic ties

Iran, Afghanistan vow to boost economic ties

The co-chairmen of Iran-Afghanistan Parliamentary Friendship Group met in Tehran on Sunday and expressed determination to ease the way for boosting bilateral ties.
Airbus Ready to Finance Plane Purchases: Iranian Official

Airbus Ready to Finance Plane Purchases: Iranian Official

European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran's Civil Aviation Organization (CAO) Ali Abedzadeh said.
China’s CNPC to Take over Iran’s South Pars Project if Total Pulls Out

China’s CNPC to Take over Iran’s South Pars Project if Total Pulls Out

China National Petroleum Company (CNPC) plans to take over Total’s stake in Iran's South Pars gas field if the French energy giant fails to stick to its contract with Tehran due to new US sanctions, a report said.
Japan supports Iran Nuclear Deal, confirms No violations by Tehran

Japan supports Iran Nuclear Deal, confirms No violations by Tehran

Japanese Foreign Minister Taro Kono said on Friday that Japan supports the Iran nuclear agreement and confirms no violations by Tehran.
Exhibition of Iran’s Nuclear Achievements Kicks Off in Central City

Exhibition of Iran’s Nuclear Achievements Kicks Off in Central City

An exhibition of Iran’s achievements in the area of peaceful nuclear technology opened in the central city of Najafabad in Isfahan province on Saturday.