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Press TV

Iran limits foreignes’ access to banking services

The Central Bank of Iran (CBI) has confirmed reports it has restricted the access of foreign nationals living in the country to various banking services.

Financial Markets

Iran’s MAPNA Group rehabilitates part of power plant in Syria’s Aleppo

Iran’s MAPNA Group has managed to put part of the thermal power plant in Syria’s northern city of Aleppo back into operation.

Mine and Industry

Iran’s Q2 car output up 11.2% YOY

Car output at the three main Iranian automotive companies rose by over 11% in the three months to late June.

Mine and Industry

Major Iranian carmaker unveils first home-grown crossover

Iran’s largest carmaker the IKCO has unveiled a first fully home-made crossover amid plans to comply with government directives to diversify its models and improve the quality of its products.

Mine and Industry

Iran’s Q1 non-oil trade put at $25.5 billion

Figures by the Iranian customs office (IRICA) shows the country’s trade with the rest of the world without considering the share of crude shipments had reached a total of $25.5 billion in the first quarter of the calendar year that started March 21.

Trade

Tehran-Rome flights resume operating after four years

Iran’s flag carrier IranAir will resume direct flights between Tehran and Rome after four years of suspension and under a new agreement reached between aviation authorities of Iran and Italy.

Transportation

Iran’s four-month trade with EU up 37% YOY

Figures by the European Union’s statistics agency (Eurostat) show trade between members of the bloc and Iran rose by more than a third year on year in the four months to April.

Trade

Iraq says gas imports from Iran at 40 mcm per day

Iraqi authorities have reported a major increase in the supply of natural gas from neighboring Iran two days after the Arab country settled nearly $1.7 billion of arrears it owed Iran for previous gas imports, according to a report by Iraq’s NINA news agency.

Energy

Iraq pays back $1.6bn of natural gas arrears to Iran

Iran has received from Iraq a sum of $1.6 billion the Arab country owed to Iran for imports of natural gas in the past years, according to remarks by the Iranian Oil Minister Javad Owji.

Energy

Seoul says will negotiate with Tehran, Washington over Iran frozen funds

South Korean Foreign Minister Park Jin has said his country will need more talks with both Iran and the United States to be able to release billions of dollar worth of Iranian funds that have remained blocked in South Korea for the past years allegedly because of American sanctions on Tehran.

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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