India and Afghanistan are pushing ahead with plans to open a new transportation corridor between the two countries via Iran’s strategic port of Chabahar despite US sanctions.
Iran and European signatories of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), will establish a special payment channel in the near future, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said.
An official says the Iranian government needs no more wheat imports thanks to favorable crop harvest and procurement from local farmers at a time of diminishing grain stocks around the world.
The international group that monitors money-laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences.
Irans Minister of Petroleum Bijan Zanganeh dismisses the rhetoric by the Saudi crown prince about Riyadhs capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.
The Iranian parliament has passed a bill on combating the financing of terrorism as part of the countrys implementation of international standards set by the Financial Action Task Force (FATF).
As the United States is preparing to impose oil sanctions against Iran, indications are growing in New Delhi that the second biggest client of Iranian oil will not fully cut its purchases from Tehran.
Governor of the Central Bank of Iran says Tehran, Moscow and Ankara have agreed on a number of economic measures like removing the US dollar from their mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure.
As the 60th Damascus International Fair kicks off in Syria, Iran has indicated it is determined to consolidate its place as the top foreign contributor at this years event by sending 52 companies - higher than any other participating country.
Britain is reportedly trying to maintain trade with Iran in face of returning US sanctions and is even seeking tips from Japan on how to dodge US bans without being implicated.