Singapore on Tuesday banned a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighbouring Malaysia’s state fund 1MDB. Financial regulator the Monetary Authority of Singapore (MAS) handed the punishment to Yeo Jiawei, noting he had been convicted of several 1MDB-linked charges, including money […]

Two Russian firms signed a contract with the Railways of the Islamic Republic of Iran on Monday to allocate 3 billion Euros for joint production of railcars and locomotives. Trade Promotion Center of Russia, the Russian Agency for Export Credit and Investment Insurance (EXIAR), and the Railways of the Islamic Republic of Iran signed a […]

Nakhchivan parl. speaker Vasif Talibov in a meeting with Iran’s economy minister voiced his country’s interest in electricity transfer, importing gas, and agricultural cooperation. During the meeting held in Tehran on Monday, Chairman of the Supreme Assembly of Nakhchivan Autonomous Republic Vasif Talibov discussed his country’s plans for energy cooperation with Iran, adding “we have an annual production of […]

TEHRAN- Presence of foreign investors has been increasing in Iran’s capital market especially after the implementation of Iran’s nuclear deal in January 2016, Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi told the Tehran Times in a press conference on Monday. Foreign investors’ number has risen in both Iran Energy Exchange (IRENEX) and […]

TEHRAN- Following holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) growth will reach 4.2 percent in 2017-18. As Purfield reported growth has begun to broaden to the non-oil sector. […]

TEHRAN– A Chinese firm was awarded a contract to hold the 70 percent of the shares in the project to build a new highway between Iranian SW city of Ahvaz and central city of Isfahan. A highway linking Ahvaz, Izeh, Lordegan, and Isfahan in southwestern Iran will be built with a Chinese investor providing 70 […]

TEHRAN– Railway official Hossein Ashouri said volume of transit in the country’s rail industry had grown by 61 per cent in the first nine months of the current Iranian calendar year (began March 21). Head of the Islamic Republic of Iran Railway Company for Operation Affairs Hossein Ashouri, speaking to a live IRIB program, said […]

TEHRAN- Iran Air CEO denies a circulating rumor that foreign aircraft manufacturers have stopped delivering Iran its ordered airplanes, ISNA reported on Sunday. According to Farzaneh Sharafbafi, foreign aircraft makers will not stop their deliveries to Iran for sure and new impediments put by U.S. treasury will not hinder implementation of the signed contracts between […]

Asian markets rallied on Monday, tracking fresh records on Wall Street, while the dollar held gains as Donald Trump’s much-hyped tax cuts moved a step closer to being passed. The controversial reforms look destined to become the US president’s first major congressional victory as two key Republican holdouts in the Senate decided to back the […]

Japan’s trade surplus fell sharply in November, the government said Monday, as the rising cost of oil and smartphone imports outweighed strong exports of cars and steel. The world’s third-largest economy logged a surplus of 113.4 billion yen ($1.0 billion), a 22-percent drop from a 146.5-billion-yen surplus a year earlier, according to finance ministry data. […]