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.
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.
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 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.
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 and South Korea signed a contract on Saturday to jointly manufacture railbuses for public transportation in suburban Tehran.
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.
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.
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 and Italy have signed a contract in the field of engineering services for GTOP/GTPP worth $ 34 million.
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.
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 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.
Japanese Foreign Minister Taro Kono said on Friday that Japan supports the Iran nuclear agreement and confirms no violations by Tehran.
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.