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Pakistani Merchants Looking at Chines Banks to Boost Trade with Iran
Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.
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Iran to Run Bus Factory in Azerbaijan
A groundbreaking ceremony for a joint Azerbaijan-Iran bus and truck production plant has been held in the Hajigabul Industrial Park.
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Iran, Switzerland to Expand Banking Relations
Central Bank of Iran's Governor had a meeting with Marcus Leitner Swiss ambassador to Iran regarding developing banking relations.
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Turkey to Establish New Trade Mechanisms with Iran
Turkish Foreign Minister said Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions.
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UniCredit Bank Agrees to Pay $1.3 bn over Violating US Sanctions
Italy's top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said.
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CBI didn't Have Request for Loan from IMF
Central Bank of Iran in a statement said the bank didn't have any request for loan from International Monetary Fund.
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Japan Donates Tents and Sleeping Pads to Flood-Hit Regions
Japan has offered emergency relief goods for people in Iran, which has been hit with what is said to be the worst flooding in 70 years.
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Vatican Sends 100000 Euros to Flood-Hit Regions
In the wake of massive flooding in Iran, Pope Francis has sent 100,000 euros (about $113,000) for emergency aid.
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Iran Oil Exports Increase amid U.S. Sanctions
Iranian oil exports have recovered almost to pre-sanctions levels, thanks to unflinching demand from China and South Korea.
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US Fines Standard Chartered $1.1bn for Violating Sanctions
US authorities have slapped UK-based Standard Chartered with a £840m (£1.1bn) penalty for allegedly violating the International Emergency Economic Powers Act (IEEPA) against Iran and other nations — one of the largest-ever fines imposed on a bank.
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India to Continue Import Iranian Oil
India has reduced the amount of oil imported from Iran, but does not intend to abandon the purchases completely, Indian Ambassador in Russia Bala Venkatesh Varma said.
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Governor of CBI:
U.S. Measure against Iran Doesn't Have Sustainable Impact on Markets
Central Bank of Iran's Governor said the bank has a serious supervision in the currency market and as usual advise people to consider the risk of the market.
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Standard Chartered to Pay $900 mn Fine to Settle US Sanctions Breach
Standard Chartered Bank has put aside £700m to settle charges relating to Iranian sanctions.
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Iran Negotiates with Iraq to Facilitate Banking Relations
Central Bank of Iran's Governor had detailed talks with Iraqi Finance Minister for facilitating monetary and financial relations between Tehran and Baghdad.
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G7 Unable to Bridge Differences on Iran Issue
France's Foreign Minister said the G 7 couldn't solve the differences on Iran issue during its two-day meeting.
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French Humanitarian Aid for Flood-Hit Regions En Route to Iran
France's Foreign Ministry said France will send 12 tonnes of humanitarian aid to Iran's flood-hit regions in coming days
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Japan Imports 15.3 Million Barrels of Iranian Crude Oil
Japanese refineries bought 15.3 million barrels of Iranian crude oil between January and March ahead of the expiry of a temporary waiver on U.S. sanctions, according to industry sources
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Tehran's Readiness for Developing Economic Relations with New Delhi
Central Bank of Iran's governor in his meeting with new Indian ambassador to Iran emphasized the expanded bilateral economic relations between Iran a and India, expressing Iran's preparation for developing the economic relations.
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Luxembourg Court Rejects US Claims on Confiscating CBI's Assets
Iran welcomed a Luxembourg court's decision to refuse to reinforce a U.S. ruling that would have helped families of victims of the Sept. 11, 2001 attacks claim Iranian assets held by a Luxembourg-based clearing house.
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U.S. Imposes New Sanctions against 25 Iranian Entities, Individuals
The US has decided to impose sanctions on nine more individuals and 16 organizations in Iran, the Treasury Department said.
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South Korea Seeking to Gain Further Waiver for Iranian Crude Oil
South Korean government officials are expected to press for extending a sanctions waiver on Iran's petroleum exports that expires in May on a visit to Washington this week.
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Iran Oil Export to Hit 1.1 Million Barrels
Iran's Shipments are averaging between 1.0 and 1.1 million barrels per day (bpd) so far this month, according to Refinitiv Eikon data and three other companies that track Iranian exports.
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Iranian Appropriate Mechanism for INSTEX will be Registered: Hemmati
Central Bank of Iran's Governor said an appropriate mechanism for the introduced channel which was offered with three European countries called Special Trade and Financial Instrument( STFI) will be registered in Tehran soon.
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Dedollarization to Embark on in Regional Exchanges: CBI
Central Bank of Iran's Governor reports the formation of evolution in the mix of goods, export services and Iran's trade destinations.
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U.S. Shows Green Light for Extending Waiver on Iranian Crude
The US may provide relief to eight countries, allowing them to continue purchasing Iranian crude oil as per the significant reduction exemptions (SRE) — a waiver on sanctions awarded to them earlier.
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CBI Receives First Tranche of Dues from Iraq
During Iranian President's visit to Iraq the first part of dues were deposited in the Central Bank of Iran's account.
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Iran's Trade with EU Stands at 18.4 Billion Euros
Iran and the European Union's trade volume in 2018 hit approximately 18.4 billion euros, indicating 12.2 percent decrease from year-on-year.
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Iran, Iraq's Trade Volume to Rise to $20 bn
Iraqi Trade Minister in Tehran said both Iran and Iraq are eager to increase their trade volume to 20 billion dollars by next two years.
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French Bank Committed to Do Transactions with Iran
French seed maker Vilmorin , said on Tuesday it was continuing some exports to Iran with the backing of a French bank, and will participate in efforts to implement a European scheme to avoid U.S. sanctions targeting trade with Tehran.
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Role of Context-Aware Payments in Digital Economy
A context-aware system is able to adapt its operations to a given context, without any explicit user intervention and thus aims to increase usability and effectiveness by taking environmental context into account.