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Iran, Russia, Turkey agree to ditch dollar in trade

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.

Financial Markets

Iran top participant at 60th Damascus International Fair

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.

Trade

UK trying to maintain trade, banking ties with Iran

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.

Trade

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 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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