Week in Brief

Week in Brief 21.09.2018

New foreign exchange rules have quite confused both exporters and importers in Iran. In order to keep the supply of foreign currencies in the country, the Central Bank of Iran has requested all exporters to […]

Agriculture

Drought and heat hit Pistachio yield

Pistachio season has arrived in Iran, yet growers are complaining about the low Pistachio yield of production and the unprecedented rise in the price of pistachios. This had led to fears of losing shares in […]

Week in Brief

Week in Brief 24.08.2018

Three weeks ago the government implemented new policies in order to control the currency market. In simple terms, exporters can now sell their foreign currency to importers seeking to buy currency via the secondary market. […]

Banking

Germany urges an independent payment channel to Iran

It is almost clear: without a proper international payment channel to Iran, the nuclear deal cannot be saved. The German Foreign Minister, Heiko Maas, urges creating such channel between Europe and Iran, independent of the […]

Energy

China keeps buying oil from Iran

China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]