Iran and Turkey have opened their first letter of credit for business transactions in their national currencies as the two countries move to ditch the US dollar and the euro in bilateral trade.
Iran President Hassan Rouhani visited Turkmenistan and Azerbaijan where major agreements were inked to further boost relations.
The EU is preparing for the aftermath of a possible US withdrawal from a landmark deal with Iran, drawing up contingency plans to support European companies trading with Iran, a UK report says.
Iran’s media say the country’s national airline Iran Air has signed an agreement with a Chinese company to provide funding for the company’s plane purchase campaigns – most notably those pursued with Airbus and Boeing.
Diplomats in New Delhi say Iran’s President Hassan Rouhani will try to encourage Indian businesses to invest “billions of dollars” in the Islamic Republic during his three-day visit which will start on Thursday.
Tabriz in northwest Iran seeks to step out of the twilight with a spectacular gala which is set to attract heads of state, business leaders and gurus of the hospitality industry to the biggest tourism event of Muslims states in 2018.
Heavy snowfall blanketed much of Iran on Sunday, closing schools and airports while trapping cars on major intercity highways.
Iran’s media are reporting that the country’s risk classification has improved by one notch in a vital sign of improved investment environment.
Mercedes-Benz, a division of Daimler AG, will resume production of cars in Iran from the beginning of the new Persian year in March, ISNA news agency has reported.
Iran and Italy have signed a major framework credit agreement which will be used to provide funds for development and industrial projects in the Islamic Republic.