Trade between Iran and China will witness a 12-percent growth by the end of 2018, to reach $42 billion, said the vice president of Iran-China Chamber of Commerce and Industries. Trade transactions between the two Asian states experienced an increase in the first half of 2018, Majidreza Hariri told Iran Daily. He said in the […]
Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its central bank. Two members of Majlis Economic Commission confirmed that the entity resumed the review of Comprehensive Banking Law that is a collection of four bank reform measures. The […]
The past year has been especially difficult for Iranians working or studying in China due to financial issues, but new bank-related challenges seem to have arisen for Iranian citizens conducting business with the country’s biggest trader partner as a result of policies concerning the US. Reportedly, Chinese banks are fully terminating their dollar-based credit cards […]
As Iran’s October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government months ago. Behrouz Nemati, a member of Majlis Presiding Board, said on Sunday the parliament will discuss the bill to join the International […]
US President Donald Trump on Saturday pitched what he called an “easy solution” for Apple to avoid his proposed tariffs on China: Make the products in the United States. Trump acknowledged in a tweet that “Apple prices may increase because of the massive Tariffs we may be imposing on China”, but suggested the issue was […]
Iranian President Hassan Rouhani highlighted the US administration’s contradictory policies on the Islamic Republic and said that on the one hand, Washington exerts pressures on Tehran and on the other hand, it conveys messages of willingness to negotiate. “A new group has taken office in the White House who are not only at odds with the […]
Ambassador of Iran to Pakistan Mehdi Honardoost says Iran-Pakistan (IP) gas pipeline is a critical project to fulfill Pakistan’s energy needs and will completely change the face of country’s economy. He made the remarks while answering a question at a seminar on ‘Pakistan’s Geo-strategic requirements: Strategic alliances or partnerships’ organized by Pakistan House, an independent […]
Commerce and Industry Minister of India, Suresh Prabhu Friday proposed to double bilateral trade with Iran in the next five years from the current level of $13.8 billion, an official said. The official announced that Prabhu’s scheduled visit to Tehran on October 2 has been postponed for some reasons. He was to attend the ministerial […]
Iran’s export of value-added goods has increased over the past five months, the country’s Customs Office data showed. During the past five months (Mars 21- August 22), 46 million tons of non-oil products worth 19.318 million dollars have been exported from Iran, according to the country’s preliminary data released by Iran’s Customs Office. China, the […]
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