CBI chief: South Korea to pay $1b of its arrears to Iran
Governor of the Central Bank of Iran Abdolnasser Hemmati said on Wednesday that South Korea is to start paying $1 billion of its arrears to Iran from the total amount is $7b.
Tehran, Bangkok Urged to Pursue Implementation of Agreements
The joint webinar between chambers of commerce of Iran and Thailand has held wherein the grounds for developing cooperation and setting up the joint commercial council were discussed.
Goldman Sees Brent Oil at $75
Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale, and Iran, according to Goldman Sachs Group Inc.
Iran, S Korea reach new agreement on easing money transfer
The Islamic Republic of Iran and South Korea agreed on the way of transferring and using a part of Iran’s blocked assets in South Korea.
Tehran, Rome Explore Ways of Expanding Economic Ties
Ambassador of Italy to Tehran Giuseppe Perrone in meeting with Head of Iran Chamber of Cooperative (ICC) Mr. Bahman Abdollhi explored ways to boost economic relations between the two countries.
Ground Ripe for Launching Megastores in Latin America
Head of the Commission for Trade Development and Non-Oil Export Development of Iran Chamber of Cooperatives Babak Afghahi believes the ground is ready for Iran.
Turkish, Chinese Auto Parts Replace European-Made Ones
Head of Union of Vehicle Auto-Parts of Tehran says sanctions have affected the market of auto parts in the country and currently the Chinese and Turkish-made auto-parts have replaced their European likes.
Japan, UNIDO Sign MoUs on Cooperation in Tehran
Some memorandum of understandings (MoUs) on gratuitous aids were signed between the Japan Embassy and representatives of UNDP and UNIDO in Tehran on Wednesday.
Is This Oil Rally The Start Of Something Much Bigger?
Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.
Iran’s Economy Under Sanctions
Iran had barely started to reap the economic benefits of its 2015 nuclear deal with world powers when Donald Trump withdrew and imposed sanctions so tight they plunged the country into its worst economic crisis since the 1980s.