Indications are growing that China is already cementing its foothold in the Iranian economy through a heavy campaign of investments in the country’s infrastructure projects.
Iran has inaugurated the first phase of the development of a strategic southeastern port which it expects to open a multi-modal trade corridor connecting India to Central Asia.
With the Trump administration bent on tweaking a 2015 nuclear deal with Iran, European states are charting a course on Tehran which diverges from that of Washington.
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.