Press TV | Iran Chamber Newsroom

Iran, Turkey finalize landmark currency swap deal

Iran and Turkey have finalized what could be a historic deal to trade in their local currencies instead of the euro and the dollar.

Financial Markets

Italy’s Azimut seals deal to become first foreign fund to operate in Iran

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.

Financial Markets

Iran to be connected to UPU’s International Financial Services

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.

Financial Markets

Beijing to provide Tehran credit line of $10bn

China has signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects.

Financial Markets

Russia’s Vnesheconombank to fund Iran power plant project

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.

Energy

Iran, South Korea private lenders sign cooperation agreement

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.

Financial Markets

Iran lifts tariffs on exports of food items to Eurasia

Iran says it has lifted the customs tariffs on certain agricultural products that are exported to Eurasian countries – a move which is expected to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.

Trade