Press TV

Iran to create 2nd currency market to ease dollar fever

The Central Bank of Iran (CBI) says it plans to create what it has described as a secondary currency market to help ease tensions that plunged the rial against the US dollar to a record low level on Sunday.

Financial Markets

Iran resumes train service to Turkey’s Van

Iran says it has launched a train service to Turkey’s Van after a hiatus of about three years with officials expressing hope that it would help increase the number of tourists travelling on either side of the border.

Transportation

President Rouhani wraps up China visit, signs 4 MoUs

Irans President Hassan Rouhani has conferred with his Chinese counterpart Xi Jinping on a multilateral nuclear agreement Tehran signed with the P5+1 group of countries in 2015 and mutual relations, particularly in economic and trade sectors.

Macro Economy

IMF to work with Iran banking chief despite US bans

The International Monetary Fund (IMF) has declared that it will continue cooperation with Governor of Irans Central Bank (CBI) Valiollah Seif despite the new US sanctions against the Iranian official.

Financial Markets

Zarif begins tour to gauge intl. seriousness on JCPOA

Foreign Minister Mohammad Javad Zarif has embarked on a whirlwind diplomatic tour to gauge international readiness to guarantee Irans interests if it decides to remain in a nuclear deal after US withdrawal.

Macro Economy

China launches new Iran train route

China on Thursday launched a freight train service that connects its northern regions to Iran’s capital Tehran in what could be a major connectivity project of vital importance to the flow of trade between the two countries.

Transportation

President Rouhani says Iran will stay in JCPOA

President Hassan Rouhani says Tehran will stay in the JCPOA with other signatories, stressing that Iran has always complied with its commitments to the deal, while the US has never complied with its requirements.

Macro Economy

Iran airlines buy 40 Sukhoi SuperJets

Iran says two of its leading airlines have purchased a collective of 40 Sukhoi SuperJet 100 planes from Russia thus ending speculations over a purchase scheme that had been in the offing for the past few years.

Transportation

14 jets up for delivery, Iran wonders if sales are safe

Iran should receive 14 new passenger aircraft this year under agreements signed with Airbus, Boeing and ATR planemakers, a government official has said.

Transportation

Direct Tehran-Erbil flights to resume April 27

Iran will resume direct flights between Tehran and the Iraqi city of Erbil from April 27 after a six-month hiatus which saw Baghdad and its neighbors impose an air ban on the regional Kurdistan government over a secession bid.

Transportation