Bank Mellat opens European accounts to collect oil dues
Bank Mellat of Iran took initiative to open accounts with the European banks in order to collect overdue payments of the National Iranian Oil Company (NIOC) worth 1.2 billion euros. It has also opened other accounts with foreign agent banks in Europe and Asia in a bid to facilitate receipt…
‘Iran is back in business’
According to New Yorker newspaper, the Islamic Republic of Iran is back in business in a mere ten days. On Saturday, the Islamic Republic welcomed Chinese President Xi Jinping — along with a delegation of three deputy premiers, six cabinet ministers, and a planeload of business executives — with much…
Malaysia’s budget Air Asia to fly to Tehran
Air Asia, the Malaysian low cost airline, announced on Monday that it is planning to start scheduled flights to Tehran. Air Asia has announced that it is likely to operate two flights per week from its operating base at Kuala Lumpur to Tehran. Air Asia was a pioneer of low-cost…
Call for expansion of Iran-Turkmenistan all-out ties
Turkmenistan Foreign Minister Rashid Meredov called for expansion of all-out mutual cooperation with Iran. Meredov made the remarks in a meeting with Iranian Ambassador to Turkmenistan Mohammad Ahmadi. Pointing to the Turkmenistan historical and cultural relations, he expressed hope that the two countries could employ the vast potentials for fostering…
Iran Melli Bank to resume operation in London
Managing Director of Iran Melli Bank Abdol Nasser Hemmati said the bank has obtained necessary licenses to resume operation in London. Talking to IRNA on Tuesday, he said the British banking system has already issued necessary documents which allow the bank to start operation through its subsidiary branch in London….
Iran president’s visit to Europe to drum up business: Report
France 24 reported on Monday that President Hassan Rouhani brings the case to Europe this week for Iran as a potential investment bonanza. France 24 said the visit follows lifting of financial sanctions which brought his country of 80 million people back into the world of global commerce. It said…
Iran, Egypt resume trade ties: Report
Iran’s first cargo of petrochemical products in recent years has left for Egypt, marking the resumption of trade ties between the two major Muslim countries, the Mehr news agency says. Intensified sanctions imposed on Iran in 2012 put a stop on the last remaining channel of connectivity with Egypt in…
S Korean industries official to visit Iran
South Korea’s Minister of Foreign Affairs Yun Byung-se said on Tuesday that the country’s Vice Finance Minister Joo Hyung Hwan is to pay a visit to Iran next month. During the visit which is taking place with the objective of promoting bilateral relations, he will be leading a ranking delegation…
Iran, Italy sign 14 multi-billion euro cooperation agreements
Iran and Italy signed 14 contracts, MoUs, and agreements worth billions of euros on Monday during the state visit of President Hassan Rouhani to Rome. President Rouhani and Italian Prime Minister Matteo Renzi were overseeing the signing ceremony of the bilateral cooperation documents by ministers and other high-ranking officials of…
Japan seeks piece of action as Iran opens up
With Iran rejoining the global economy, Japanese companies are lining up to resume business ties with the oil-rich Middle Eastern market. Tokyo on Friday lifted sanctions on Iran, falling in line with major world powers after the International Atomic Energy Agency confirmed last weekend that Tehran had fully taken steps…
