6 July 2015 18:33
The governor of the Central Bank of Iran (CBI) says a single forex system will be introduced in the country within six months after a final nuclear deal between the P5+1 group of countries takes effect.
“Right now, the forex market enjoys a relative stability. But the forex rates are likely to reduce after the rates are unified,” Valiollah Seif was...
6 July 2015 8:44
German Chancellor Angela Merkel and French President Francois Hollande have called for a summit of the European Union following the rejection of another tough austerity package in return for fresh bailout loans by the majority of the Greeks.
The Sunday’s calls were made after 61.31 percent of the Greeks opposed an austerity package by the country’s international lenders, according to...
5 July 2015 13:40
US wage growth remained stagnant in June and many unemployed Americans gave up looking for work, a sign that the labor market remains weak despite a drop in the country’s unemployment rate, a report says.
The US economy added 223,000 jobs last month, and the unemployment rate fell to 5.3 percent from 5.5 percent, the US Labor Department has reported.
5 July 2015 8:16
All economical and financial sanctions against Iran will be lifted on the day of finalizing a nuclear deal, Iranian Deputy Foreign Minister Abbas Araqchi says.
“On the day of the agreement, all economical and financial sanctions by the EU, the US, and the Security Council will be removed and we will take measures to meet commitments,” the top Iranian negotiator said...
4 July 2015 18:48
Official figures show Iran produced above 260,000 of different kinds of vehicles in the second quarter of 2015, thus registering an increase of 16.2 percent compared to the same period last year.
Above 240,000 vehicles that have been produced over the period were sedans. The figure shows an increase of 26.6 percent compared to the same period last year....
4 July 2015 14:16
Greek Finance Minister Yanis Varoufakis has slammed the European Union and the international lenders for attempting to “humiliate” his nation, saying their treatment of Greece’s debt crisis amounts to “terrorism.”
“What they’re doing with Greece has a name -- terrorism,” Varoufakis told the Spanish El Mundo daily in an interview published on Saturday, referring to the 28-nation bloc and the threefold...
4 July 2015 9:42
A senior official in Iran’s Central Bank, Hussein Yaqoubi Mayab, has noted that the seizure on 21 tons of Iran’s gold assets has been lifted and Iran’s gold assets have been returned to the country.
According to IRIB World Service, in an interview with the Saturday edition of Tehran-based paper “Iran”, this senior official of Iran’s Central Bank added that...
3 July 2015 17:30
Iran owns the world’s largest fleet of oil supertankers ready to navigate international waters in pursuit of new trade, officials have said.
US and European sanctions have hit Iran’s oil industry the hardest, cutting sales by half and partially laying off its fleet of carriers.
According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large...
2 July 2015 13:28
Turkey is discussing imports of fuel oil from Iran which is running a surplus of the product amid a decline in domestic consumption, local media said on Thursday.
Iran has started negotiations with a number of countries but Turkey is being cited as a serious new customer for the Iranian fuel oil.
Talks are being held with a Turkish company, which...
29 June 2015 18:18
Newly published figures suggest that car imports to Iran have significantly dropped in the first quarter of the current Persian calendar year (starting on March 21).
According to official statistics, the number of foreign cars brought into Iran in the Q1 dropped by 51% year-on-year.
In total, 10,555 cars were imported in the first three months of the current year, more than...
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