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Press TV

German court rules in favor of Iranian bank

A court in Germany has ordered Deutsche Telekom, a partly state-owned telecom provider, to reactivate phone and internet service for the Hamburg branch of Bank Melli Iran.

Financial Markets

Iran to sue US for sanctioning its maritime transport

Iran says it plans to sue the United States at the International Maritime Organization (IMO) for sanctioning its maritime transport services.

Transportation

India welcomes US waivers on Iran oil purchase

India welcomes the United States decision to grant exemptions to the country to continue the import of Iranian crude oil despite re-imposition of sanctions on Iran, saying New Delhi is examining the details of the waivers.

Trade

US exempts Iran’s Chabahar from sanctions

The United States has approved a sanctions exemption for Iran’s southeastern port city of Chabahar, citing Afghanistan’s economy.

Transportation

UK, Norway vow expansion of Iran trade

British and Norwegian top diplomats have assured their Iranian counterpart Mohammad Javad Zarif that London and Oslo will try to maintain and even expand their business cooperation with Tehran despite the re-imposition of US sanctions on the country.

Trade

US grants 8 countries Iran sanctions waivers

The US administration has agreed to allow eight countries to continue purchasing Iran’s crude oil after Washington’s sanctions on Tehran take place next Monday, a senior official said Friday.

Energy

India, Afghanistan pushing for Chabahar development

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.

Transportation

Iran, Europe to establish payment channel soon: CBI governor

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.

Financial Markets

Iran wheat imports down to zero amid global crisis

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.

Agriculture and Environment

FATF extends suspension of anti-Iran measures to February 2019

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.

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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