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Press TV

Paris, Berlin seek financing system to avoid US sanctions

France and Germany are seeking to develop an independent European financing mechanism with the aim of sidestepping US sanctions against countries, including Iran, and asserting the continent’s “sovereignty.”

Trade

Iran goes to international court over US sanctions

The International Court of Justice has begun hearing a lawsuit brought by Iran against new US sanctions ordered by the Trump administration.

Trade

Germany: US can’t tell us with whom to do business

Germany’s Economy Minister Peter Altmaier says the United States is in no position to tell Berlin with which countries it can do business, vowing support for companies doing business with Iran.

Trade

China defends lawful business ties with Tehran

China, Iran’s top oil customer, says commercial cooperation between the two sides does not harm other countries interests and thus should be protected from unilateral US sanctions.

Trade

Swiss firms urged to keep Iran business

The Swiss government has promised to defend the economic interests of its companies that are active in Iran and would be targeted by renewed US sanctions, recommending that they go on with their business in the Islamic Republic.

Trade

Iran to sue US over carpet imports

The head of Iran National Carpet Center (INCC) says it will file a lawsuit with international tribunals against fresh sanctions imposed by the US on the imports of hand-woven Iranian rugs into the country.

Trade

Iran preparing to develop own digital currency

Iran says it is preparing to develop its own digital currency as a solution which officials in Tehran say would help the country dodge the returning US sanctions.

Financial Markets

Iran’s Bank Pasargad to open branch in India

India’s media have reported that the country has given the go-ahead to a plan to revive a banking mechanism that would allow payments to Iran for oil purchases as well as other trade activities.

Financial Markets

Iran will work to secure oil exports to India

As US sanctions loom, Iran’s Embassy in New Delhi says the Islamic Republic will do all in its power to ensure security of oil supplies to India.

Energy

EU3 to open dollarless trade with Iran: Russia

Russia’s Foreign Minister Sergei Lavrov says the three major European signatories to a landmark nuclear deal with Iran agreed to establish trade ties with Iran independent of the US dollar.

Financial Markets

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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