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Tasnim News

Iran voices readiness to boost economic ties with Croatia

Irans Minister of Cooperative, Labor and Welfare Ali Rabiee voiced the country’s readiness to enhance ties with Croatia in political, economic and social arenas.

Macro Economy

FATF’s recent decision on Iran guarantees banking ties: Baeedinejad

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries.

Financial Markets

Total to make $1bln investment in Iran’s South Pars: CEO

The chief executive of Total confirmed that the French oil major will go ahead with development of phase 11 of the huge South Pars gas field in southern Iran this summer, saying it would make an initial $1 billion investment in the field.

Energy

Iran, Total to reach deel in weeks: Zanganeh

Iranian Oil Minister Bijan Namdar Zangeneh said a long-delayed gas deal between Tehran and French oil major Total is expected to be signed soon.

Energy

Austria seeks double taxation agreement with Iran

Austria’s Minister of Finance Hans Jorg Schelling said his country is seeking to sign a double taxation agreement with Iran.

Trade

Japan’s Inpex considers bidding to develop Azadegan oil field

Inpex, Japans largest upstream company, announced that it plans to bid in a tender recently launched by Iran to develop the country’s Azadegan oil field.

Energy

Iran-EU trade turnover up 265% in 3 months

The total value of trade exchange between Iran and the 28-nation European Union (EU) over the first three months of 2017 has increased by 265 percent, a report released by the statistical office of the EU, Eurostat, showed.

Trade

Iran’s hand-woven carpet annual export hits $350m

The head of Iran National Carpet Center (INCC) announced that over the past Iranian year (which ended on March 20), the US has imported the biggest amount of hand-woven carpets from the Islamic Republic.

Trade

JCPOA should serve resistance economy: Zarif

A top priority for Iran’s Foreign Ministry is to make the most of the Joint Comprehensive Plan of Action (JCPOA) to achieve the country’s economic purposes in the context of the Resistance Economy grand plan, Foreign Minister Mohammad Javad Zarif announced.

Macro Economy

India, Iran seeking new payments mechanism for trade

India is exploring setting up a new payments mechanism for trade with Iran, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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