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Financial Tribune

Iran’s preferential trade with Eurasian Economic Union hits $430m in first month

Iran has exported $180 million worth of commodities to Eurasian Economic Union member states under preferential tariffs since 28 October, when a trade agreement between the two sides came into effect. EAEU’s exports to Iran under the preferential trade agreement stood at $250 million during the same period.

Trade

Russia, Iran boost trade in national currencies

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow’s commercial representative in Tehran said.

Trade

Rouhani kicks off East-Asia visit

President Hassan Rouhani set off on a trip to Malaysia and Japan on Tuesday to pursue the Islamic Republic’s longtime goal of "looking to the East" and "establishing closer ties with major Asian countries".

Trade

Iran businesses raise $7b from capital market

Investors in the Iran’s capital market helped businesses raise 853 trillion rials ($7.1 billion) since the beginning of the current fiscal year (March 2019), says Ali Sahraee, the managing director of TSE.

Financial Markets

Iranian banks deposits at $195b: CBI

Total deposits with banks and credit institutions reached 22,165 trillion rials ($195 billion) during the fourth month (June 22- July 22) of the current fiscal year indicating 26.9% annual growth.

Financial Markets

Russia Power Machines Co. to finance Iran power plant project

The agreement comes in the face of renewed US sanctions on Iran that have targetted vital oil and and banking sectors.

Energy

Iran registers 13% increase in non-oil trade with Indonesia

The Southeast Asian nation was Irans 11th export destination during the first nine months of the current Persian year (21 March-21 December), latest figures show.

Trade

Germany says working out final requirements of SPV

Berlin authorities say one of the details is which country will be the headquarters of the financial channel to do trade with Iran in the face of unilateral US sanctions.

Trade

Iran-EU trade rises by more than 6% to hit €16.5bn in Jan-Oct 2018

Figures released by the European Union statistical office show the trade volume between Iran and the 28 European states rose 6.66% before Donald Trump withdrew the US from the 2015 nuclear deal and reimposed sanctions on the country.

Trade

China Bank of Kunlun resumes Iran business

The main Chinese bank, handling financial transactions between Iran and China, has restarted work with Iranian businesses after a two-month hiatus. However, the decision still prohibits Iranians residing in the country to reactivate their accounts or do financial transactions.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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