Iran, Turkey and Qatar have signed a trilateral agreement aimed at boosting trade with Doha amid a Saudi-led blockade on the Persian Gulf sheikhdom.
A 70-strong delegation of senior European officials and business leaders is in Tehran to examine capacities for further expansion of trade ties.
India has sent a ship of wheat to Iran to be transited to Afghanistan in what appears to be a dry run of a new multi-modal trade route that dodges Pakistan.
The latest market figures show the level of trade between Iran and China increased by almost a quarter over the past eight months.
Iran and Turkey have finalized what could be a historic deal to trade in their local currencies instead of the euro and the dollar.
An Italian asset manager has purchased stakes in an Iranian financial company thus becoming the first foreign fund house to invest in the nation’s financial sector.
Iran will be connected to the financial services system of the Universal Postal Union (UPU), which is similar to global transaction network SWIFT, Chief Executive of Iran Post Co Hossein Mehri says.
China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects.
Russia has taken the final step to grant a major loan to Iran for the development of a power plant in the country’s south thus moving close to a promise of providing the Islamic Republic with funds amounting to above €2 billion for infrastructure projects.
Private lenders from Iran and South Korea have signed an agreement to cooperate over banking issue with each other – an agreement which most importantly envisages the expansion of non-dollar trade between the two countries.