Bazaar

Iran approves anti-money laundering bill to ease foreign trade
January 6, 2022
A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring Iran into line...
Iran’s currency rates stabilized by central bank’s monetary policy: report
December 30, 2021
A so-called “smart intervention” by the Central Bank of Iran (CBI) has stabilized local currency rates over the past weeks, Eghtesad online news website reported...
Iran and India rush to finish construction before new round of US sanctions kick in
October 17, 2021
IRAN and India are rushing to try to complete the first new berth in the Iranian city of Chabahar and make it operational before the...
Iran’s exports to Europe up by 26% in H1
October 14, 2021
The average exports of Iranian nonoil products to European countries in the first half of the current Iranian calendar year (March 21-Sept. 21) registered a...
US dollar completely ditched in trade between Iran & Iraq
September 3, 2021
The US dollar is no longer used by Tehran and Baghdad in bilateral trade, giving way to the euro and local currencies, as well as...
Iran turns to economic zones to encourage balanced growth
September 1, 2021
The Iranian government is trying to address the issue of uneven economic development, which is most obvious in border regions, by creating more economic free zones....
Iran, Australia to jointly manufacture electric cars, motorcycles
August 29, 2021
Iran’s Industrial Development and Renovation Organization (IDRO) and Australia’s Avass Group signed a memorandum of understanding (MoU) for the joint manufacturing of electric cars and...
Iran could be a gold mine for MTN
August 20, 2021
MTN’s 49% shareholding in its Iranian business is a prized asset and could help to boost the company’s earnings and valuation in future, according to...
Iran to open 3 banks in Germany to facilitate transactions
April 30, 2021
Three Iranian private banks are planning to open branches in Germany to increase and facilitate trade transactions, Iran daily reported on Sunday. Middle East Bank,...
India plans to nearly double oil imports from Iran: Sources
April 7, 2021
Indian government owned refiners plan to almost double oil imports from Iran in 2018-19, drawn by incentives offered by Tehran, sources with knowledge of the matter said, potentially helping...
Russia considers $50B investment in Iranian oil & gas
April 4, 2021
Russian energy companies could spend as much as US$50 billion on oil and gas exploration in Iran, a presidential aide told media. Yuri Ushakov said companies including...
Iran jetliner deal could take longer to complete, Airbus says
January 16, 2022
The sales chief of European planemaker Airbus predicted Iran would take delivery of dozens of European jets it has ordered under a nuclear sanctions deal...
Iran, Russia moving closer to integrating banking systems
December 27, 2021
Fresh indications have appeared that show Iran and Russia are moving closer to an ambitious plan to integrate their banking systems – a strategy both...
Russian gas giant signs deal to tap into Iran’s gas deposits
December 17, 2021
Russia’s major gas corporation Gazprom and the National Iranian Oil Company (NIOC) signed two Memoranda of Understanding (MoU) in Tehran to jointly tap into Iran’s...
U.S. economy could be hit if Trump stops Boeing jetliner sales to Iran
December 16, 2021
By Vahid Jafarian, Editorial Board Member The Wall Street Journal reported Friday that The Trump administration is weighing a strategy that could stop Boeing and Airbus...
Chabahar port inaugurated, Iran looks to be key transit route to Central Asia
December 4, 2021
Iranian president Hassan Rouhani on Sunday inaugurated a $1 billion extension of its southeastern Chabahar port which Tehran hopes will help the country become a...
Russia’s Gazprom, Iran fund in initial deal
November 6, 2021
Russian gas giant Gazprom signed an initial agreement with Iranian state-run investment fund IDRO to cooperate in unspecified oil, gas and energy projects, Iran’s state...
European firms pour money into Iranian renewable energy projects
October 25, 2021
By Dominic Dudley, Forbes.com When it comes to energy sources the Middle East may be synonymous with oil, but these days governments across the region...
Total sticks to Iran gas plan despite US sanctions fears
October 3, 2021
French energy company Total plans to continue developing a huge Iranian gasfield despite mounting concerns that Donald Trump may pave the way for the US...
US sanctions continue to backfire: China opens $10 billion credit line for Iran
September 17, 2021
Assisting Tehran with sidestepping an ongoing Washington sanctions regime against the country, China has opened a $10 billion line of credit intended to finance energy,...