Banking

Iran replaces dollar by euro in its reports

Iran switches from dollar to euro in its official foreign trade reporting, writes Reuters, quoting the Central Bank governor, Valliolah Seif, saying: “dollar has no place in our transactions today”. France who tries to keep […]

International News Review

France reaffirms its commitment to Iran’s deal

Reuters reports that although the United States is trying to convince its European allies to revise the nuclear deal with Iran, but France has reaffirmed its commitment to the global deal. “The French position on […]

International News Review

Iran’s Leader apologizes for being behind in justice

Iran’s supreme leader, Ayatollah Khamenei, acknowledges the recent discontent in the country and apologizes on behalf of the Islamic Republic for little progress in justice, reports Bloomberg. The Islamic Republic has known progress in the […]

Energy

Armed forces must pull out of energy business

Armed forces and the largest state pension fund must withdraw their holdings and sell their businesses, announces the President Rouhani as the only way to save the country’s economy, repots Bloomberg. The divestment will start […]

Financial Sector

France provides credit line for exporters to Iran

France opens a credit line for Iranian clients of French exporters, report Reuters. The line will avoid US dollar and any US passport holder, confirms the state-owned investment bank, Bpifrance. Credits will be available in […]

Energy

Oil production at West Karoun doubles

More than 305 thousand barrels of oil was produced per day at West Karoun oilfields in southwest of Iran over the month of Dey, i.e. late December to late January; nearly double as much as […]

Financial Sector

Parliament rejects the budget bill

For the first time in nearly four decades, outline of the budget bill was rejected by the Parliament on Sunday, reports Bloomberg. Although the budget bill was partially revised by Parliament’s budget committee, however its […]