News

Seoul will start a euro-based settlement system for trade with Iran next week, South Korea’s Finance Minister Yoo Il-ho said.

Central Bank of Iran (CBI) Chief Valiollah Seif announced plans for a comprehensive reform of the country’s financial sector, including changes in laws and regulations of the banking sector and the Central Bank.

Global payment operator MasterCard Incorporation is preparing to penetrate into the Iranian market as soon as the sanctions against Iran are lifted, the country’s media reported on Saturday.

An Iranian car manufacturer is in talks with Italian automaker Fiat SpA to produce cars in Iran which is billed as the Middle East’s biggest auto market, a minister says.

Iran’s talks with leading plane manufacturers continue for purchase of new airliners, Minister of Roads and Urban Development Abbas Akhoundi says, after President Hassan Rouhani postponed his visit to Europe.

Russia has discussed financing two projects worth $2 billion in Iran, Russian Finance Minister Anton Siluanov says.

Tehran Stock Exchange’s benchmark dropped 95.00 points or 0.15% to end Tuesday trade at 63,013.6.

Iran’s media say the country has suspended plans to cooperate with Peugeot and is instead preparing to take up talks with German and Italian auto majors to encourage them to invest in its car industry.

TEHRAN (Tasnim) – A Japanese official highlighted the strong willingness of companies in his country to play a role in the Iranian market once anti-Iran sanctions are lifted.

Iran is building its longest cross-sea bridge, linking the Qeshm island in the Persian Gulf to its coast in Bandar Abbas to join a transit corridor which stretches all the way up to the Caspian Sea and the Central Asia.

An official at the Civil Aviation Organization of Iran has announced that the country will add 14 new passenger planes to its civil aviation fleet before the end of the current Iranian calendar year (ends March 20, 2016).

Russian officials are in Tehran for final talks on a multibillion-dollar agreement which includes sales of Iranian oil to that country in exchange for electricity, a deputy energy minister has said.

Iran is participating in an ambitious Chinese plan to revive the Silk Road which aims to connect Asia to Europe and Africa through a network of roads, railways, ports and airports.

Iran said on Saturday that it had launched a shipping line in the Caspian Sea to ferry goods to Russia and Kazakhstan.

An Iranian company has unveiled indigenized reverse osmosis water desalination technology, making Iran the fifth country in the world to have acquired the cutting-edge technical know-how.

A foreign delegation of asset managers, including Americans, have visited Tehran Stock Exchange for the second time in recent weeks as interest is building in a country being billed as the latest attractive emerging market.

Iran Khodro Industrial Group (IKCO) is weighing to set up a production line in Oman, targeting a market which stretches deep into Africa, the leading regional vehicle manufacturer’s CEO Hashem Yekke-Zare has said.

Chairman of Iran's Institute for Trade Studies and Research says the Iranian government and parliament are working on new incentives to encourage foreign investment in the country’s automobile industry.

Iran has set its bid for the WTO membership in motion again, with the trade minister saying reviewed policy documents have been prepared for submission to the body.

The Abu Dhabi-based investment firm Mubadala is reportedly in talks with a major Iranian aircraft maintenance center over a potential acquisition.

The Eurasian Economic Union (EEU) has given the initial go-ahead to signing a free trade agreement with Iran, a senior official of the bloc has said.

Iran says it has received all installment of its frozen assets based on an interim deal it signed with the P5+1 group of countries over Tehran’s nuclear program in November 2013.

Asian refiners buying Iran’s crude oil have renewed their contracts for the purchase of oil from the Islamic Republic, a top official says.

Iran’s media reported on Sunday that a 15-member delegation comprising Iranian traders, entrepreneurs and artists is in a rare visit to the United States.