Germany’s central bank, the Bundesbank, has revised its regulations to stop Iran from withdrawing €320 million ($400 million) in cash from the country’s bank accounts, the German newspaper BILD disclosed. Under the new conditions, the Bundesbank can stop cash transfers that violate U.S. Treasury sanctions, Germany’s measure to stop cash delivery to Tehran comes at […]

The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trump’s efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord. Beijing has, however, agreed not to ramp up purchases of Iranian crude, according […]

Germany’s Deutsche Bank passed a new financial policy on Wednesday which will prevent any money transfer to Iran in cash. The bank has expanded its regulations so as to include a section on “cash payment transfers,” German daily Bild reported. Tehran had requested to withdraw €300 million cash from its bank accounts in Germany earlier in July. […]

TEHRAN – The Russian Sukhoi Civil Aircraft Company (SCAC) says it is ready to offer the SSJ100 aircraft to the Iranian customers, regardless of U.S. sanctions. “In April 2018, during the Eurasia Airshow, memorandums were signed with Iran Aseman and Iran Airtour, expressing only the intention to purchase airplanes,” the company’s press service was quoted […]

TEHRAN – Iranian energy experts and scholars believe that increasing the country’s renewable power capacity is the cheapest and fastest way to supply electricity needs in the future, IRNA reported. “Since construction of new thermal power plants is considerably costly and time consuming, boosting renewable capacity is the only possible solution to compensate for the […]

Iranian FM Zarif met with Sri Lankan President Sirisena on Tuesday in Colombo where the two sides called for further boost in bilateral ties. Iranian Foreign Minister Mohammad Javad Zarif who is in Sri Lanka on an official visit, met with Sri Lankan President Maithripala Sirisena on Tuesday after arriving in capital  Colombo. During the […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,903 points to hit the highest-ever record of 116,756 points on Monday, IRNA reported. As reported, 2.083 billion shares worth 5.44 trillion rials (about $122.2 million) were traded through 124,748 deals in the stock market. Also, IFX, the main index of Iran’s over-the-counter (OTC) market known […]

An Iranian local official broke the news that the first Indian freight ship carrying grains containers destined for Afghanistan berthed at Iranian SE port of Chabahar on Tuesday evening. “The first container ship of India destined for Afghanistan from Indian port of Kandla, berthed at Iranian southeastern port of Chabahar,” said Hossein Shahdadi, an Iranian local […]

MMK (MAGN.MM), one of Russia’s largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview. The project – the re-launch of hot-rolled steel production at its Turkish site – was expected to […]

India’s Ministry of Petroleum has claimed that crude imports from sanctions-hit Iran witnessed a massive jump this June in comparison to last year; disproving reports published by global research agencies that India had heavily cut down crude purchases from Iran due to American sanctions.Indian refineries imported 48% more Iranian crude in June this year as […]