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Iranian Finance

  • Iran’s non-oil export hits 46% growth in current year: IRICA

    Iran’s non-oil export hits 46% growth in current year: IRICA

    May 18, 2021 09:41

    Head of the Islamic Republic of Iran Customs Administration (IRICA) said that the country exported $5.6 billion worth of non-oil goods and commodities to foreign countries from March 21 to May 15, 2021.

  • President urges attracting foreign investment in free trade zones

    President urges attracting foreign investment in free trade zones

    May 16, 2021 07:09

    President Hassan Rouhani called for plans to attract foreign investment in the country’s free trade zones.

  • Iran secures court order to protect Luxembourg funds against US attempt

    Iran secures court order to protect Luxembourg funds against US attempt

    May 14, 2021 01:52

    The Central Bank of Iran (CBI) has managed to win a court order in Luxembourg to prevent the transfer of nearly $1.7 billion worth of assets from the European country to the United States.

  • Iran-Russia trade at $2.62bn in year to March: IRICA

    Iran-Russia trade at $2.62bn in year to March: IRICA

    May 13, 2021 01:45

    Iran’s customs office IRICA says Russia was responsible for a bulk of trade between Iran and members of the Eurasian Economic Union (EAEU) in the year to March 20.

  • EU court scorns German firm over Iran contract

    EU court scorns German firm over Iran contract

    May 13, 2021 00:18

    An opinion provided by the European Union’s top court to German judges says that termination of a contract involving Bank Melli Iran by a major German company over fears of the illegal US sanctions was legally invalid.

  • Iran taps sovereign wealth fund to help boost stock market trade

    Iran taps sovereign wealth fund to help boost stock market trade

    May 12, 2021 01:26

    Iran has allowed tapping $200 million from its sovereign wealth fund for the purpose of investment in the local stock market where trade has plummeted sharply in recent months causing discontent among small investors.

  • Iran opens new electricity dispatching center

    Iran opens new electricity dispatching center

    May 11, 2021 23:57

    Minister of Energy Reza Ardakanian has launched a new electricity dispatching center in a bid to modernize power grid systems in the country and to play a more influential role in the regional electricity market.

  • Iranian investor to sign airport plan abandoned by French

    Iranian investor to sign airport plan abandoned by French

    May 05, 2021 06:42

    Iran will soon sign the contract to build a new terminal at the Imam Khomeini Airport (IKA) in Tehran to handle 25 million passengers a year, an official says.

  • Leader addresses nation on Teachers', Workers' Day

    Leader addresses nation on Teachers', Workers' Day

    May 02, 2021 09:34

    Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei addresses the nation in a live televised speech touching on the most important domestic and international issues.

  • Iran rules out any immediate return for foreign home appliance brands

    Iran rules out any immediate return for foreign home appliance brands

    Apr 30, 2021 03:26

    Ministry of Industry, Mine and Trade (MIMT) has a policy to oppose the return of international home appliance brands once US sanctions on Iran is eased, says a senior MIMT official.

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