Iran’s largest lender Bank Melli has signed some major memoranda of understanding (MoUs) with Russia’s largest bank, Sberbank, amid efforts by Iran and Russia to boost their banking and trade ties.
South Korea has repeated its position on the return of more than $7 billion of Iranian funds blocked in the country because of American sanctions on Tehran as a top diplomat says the funds will be repatriated once Iran and world powers agree to revive a 2015 nuclear deal, known as the JCPOA.
A Saturday report by the ISNA news agency showed that Iranian imports of wheat in the three months to June 21 had reached a total of 1.733 million metric tons (mt).
Iran has sent a large trade delegation to Serbia with the aim of expanding economic relations with the European country.
Iran has reported a first double digit death toll from the coronavirus (COVID-19) in months as the country prepares for a potential new surge in the number of infections.
The housing price inflation in the Iranian capital Tehran continued to rise in the calendar month to June 21, according to figures by the Statistical Center of Iran (SCI).
OPEC Secretary General Mohammad Barkindo says a global oil supply shortage can be eased if American sanctions on Iran and Venezuela are removed and the two countries can export more oil.
Iran, Turkey and Russia could launch a joint car project in the near future based on a proposal submitted to the three governments by private industries, says an Iranian industry businessman who is familiar with the issue.
Iran Grid Management Company (IGMC) says the electricity usage in the country has broken an all-time record as scorching heat stretches the power grid to near its limits.
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.