Fresh Limit on Cash Withdrawals from Iranian Banks
CBI has ordered a new limit on withdrawal of cash from banks amid toughening of rules on money laundering and also concerns about hoarding money because of the new coronavirus pandemic.
Over $5mn Flowers, Plants Exported in Q1
Iran exported more than $5 million worth of flowers and plants in the first three months of the current year (from March 21 to June 22).
Abu Dhabi Commercial Bank to Cut 400 Employees
Abu Dhabi Commercial Bank (ADCB) is letting go of hundreds of employees, sources said, the latest in a round of lay-offs by regional banks.
Iran Seeing Infrastructure Investment Despite Sanctions: Rouhani
Hassan Rouhani said his administration has opted for massive visionary investment in the country’s infrastructure despite economic woes caused by US sanctions.
African Trade Deal Could Save Millions from Poverty
A pandemic-delayed African free trade deal, if fully implemented, could boost incomes across the continent, pull millions out of poverty.
Iran’s Foreign Debts Cut by 4%: CBI
Iran's total foreign debts at the end of June 20, 2020, reached $8.655 billion, showing a 4 percent decrease compared to the preceding year.
Rouhani Lauds Role of Petchem Industries in Non-oil Exports
President Hassan Rouhani of Iran said that petrochemical and steel industries play a vital role in the promotion of production and in exports of non-oil products.
Over 66000 Tons of Sugar Arrived in Chabahar
The Director-General of Ports and Maritime Affairs of Sistan and Baluchestan announced the arrival of a ship carrying 66,700 tons of sugar to Chabahar port.
Sustainable Financing, A Must in Iran-China Cooperation, Hariri Says
Chairman of Iran-China Joint Chamber of Commerce and Industry said the Islamic Republic of Iran needs sustainable financing in all-out transactions.
Iran, Italy Ready to Revive Economic Ties amid Pandemic
Iran and Italy are demonstrating a willingness to revive, by hook or by crook, the longstanding traditional economic ties, particularly between their private sectors.