TEHRAN – The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” predicted that Iran’s gross official reserves will reach $108.4 billion in 2018. According to the report, the country’s gross official reserves will experience a $13.3 billion jump in the current […]

TEHRAN – Managing Director of National Iranian Petrochemical Company (NPC) said renowned European companies has expressed willingness for cooperation with Iran’s petrochemical sector, ILNA reported. Pointing to the positive outcomes of the second Iran Petrochemical Value Chain Summit in Paris on April 27, the official said “Several well-known European companies voiced their readiness for cooperation […]

 European business and banking officials stressed that renegotiation of JCPOA is totally impossible. European business and banking authorities are after expanding trade and investment ties in the Islamic Republic of Iran vehemently. Given the above issue, Iran-Europe Business and Banking Forum was held in Tehran early this week in the presence of senior economic and […]

US obstructive moves have deprived Iran of economic benefits of the Joint Comprehensive Plan of Action (JCPOA), the governor of the Central Bank of Iran (CBI) said. Speaking at a televised program on Saturday night, Valiollah Seif said the obstructive policies of Washington have prevented Iran from enjoying the “necessary economic benefits” of the JCPOA, the […]

TEHRAN- Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced that his country has allocated €1.2 billion to the investment-making projects in Iran. The envoy made the remarks during a meeting with the members of the Chamber of Commerce of Abadan (a city in southwest of Iran) on Saturday, IRNA reported. “Agreement on the banking […]

Member of Representatives Board of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Masoud Khayyatzadeh pointed to the single digitization of exchange rate in the country and said, “unification of exchange rate is the most important decision adopted by government’s economic team in the current Iranian calendar year in 1397 (started March 21, 2018).” […]

Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekezare said that Peugeot 301 passenger car will hit Iranian car market in the next Iranian calendar year in 1397 (to start March 21, 2018). Speaking in the unveiling ceremony of book on the sustainable performance and social responsibility of Iran Khodro Industrial Group (IKCO), he […]

 Manager of the Central Bank of Iran (CBI) Ferdows Zare’ for Compliance Affairs pointed to tracking transactions in Society for Worldwide Interbank Financial Telecommunication (SWIFT) as pilot and said, “according to CBI instructions, banks are obliged to approve and notify the Compliance Charter in the highest level.” Speaking in 6th Iran-Europe Business Forum, held in […]

 Central Bank of Iran (CBI) has predicted all scenarios in case of US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the official title of nuclear deal. Central Bank of Iran (CBI) Governor Valiollah Seif made the above remark and said, “CBI has forecast different scenarios in case of US pullout from JCPOA, so […]

TEHRAN- Iran’s light crude oil price rose $1.68 in the week ended on April 20 to reach its highest record in 2018. The Iranian light crude price settled at $69.79 per barrel in the mentioned week, IRNA reported on Saturday. The country’s light oil price was reported $65.39 on average since the beginning of 2018 […]