Week in Brief

Week in Brief 23.11.2018

Iran and Russia want to collaborate in creating a block-chain-based money transfer system. A system which the Central Bank of Iran says can be a replacement for SWIFT. Last week, SWIFT announced that it will […]

Markets in Brief

Markets in Brief 23.11.2018

The 8th Iranian month, Aban, has proved to be the worst for Tehran Stock Exchange (TSE) over the past four years. Despite flourishing market last summer, during the last month the market main index, TEDPIX […]

Industries

Lost market for Persian carpets

Iran has lost the largest market for its handwoven carpets due to long-term sanctions. Razi Haj-Aqa-Miri, Head of Export Union of Tehran Chamber of Commerce, says that since the revolution Iran has lost American market […]

Financial Sector

Hotels asking foreigners to pay in USD or Euro

Recently Iranian hotels apply a two-currency policy for their bookings; i.e. the Iranian travelers pay in rial, while the foreigners are asked to pay in dollar or euro. Hotel owners claim that following fluctuations in […]

Markets in Brief

Markets in Brief 16.11.2018

  Although this week SWIFT announced to have cut access of Iranian banks to its systems, including Iran Central Bank, later the US Treasury Office announced that four Iranian banks have been exempted from sanctions. […]

Agriculture

Week in Brief 16.11.2018

Despite the return of US sanctions on Iran, importing soy pressed cake and oilseeds has increased to Iran. The main reason is the trade war between the US and China. According to Animal Food Producer […]