Press TV

Iran, Turkey open first LC in national currencies

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.

Trade

Iran cements ties with neighbors

Iran President Hassan Rouhani visited Turkmenistan and Azerbaijan where major agreements were inked to further boost relations.

Trade

EU plans to shield firms trading with Iran: Paper

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.

Trade

Chinese firm to fund Iran plane purchases

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.

Transportation

Indian investments on top of Rouhani’s visit

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.

Trade

Iran’s city gears up for biggest Islamic tourism event

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.

Society Economy

Snow shuts roads, airports in Iran

Heavy snowfall blanketed much of Iran on Sunday, closing schools and airports while trapping cars on major intercity highways.

Macro Economy

With better risk rating, Iran now stands next to Brazil

Iran’s media are reporting that the country’s risk classification has improved by one notch in a vital sign of improved investment environment.

Macro Economy

Mercedes-Benz to resume Iran production soon

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.

Macro Economy

Italy signs EU’s biggest ever credit deal with Iran

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.

Macro Economy