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No financing for Russia-Iran wheat deal

No financing for Russia-Iran wheat deal

Plans for a deal under which Russia and Kazakhstan are to supply wheat to Iran have stalled as “no progress” has been made in its financing, the secretary general of the Iran Federation of Food Industry Associations said. Talks on the deal began six months ago. It would see Russia and Kazakhstan supplying wheat to Iranian flour millers, who in turn would supply flour to Iraq — a market dominated by Turkey.

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China will continue to by oil from Iran

China will continue to by oil from Iran

Bloomberg reports that the U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trump’s efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord.

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Iran-Qatar Joint Economic Committee Meeting

Iran-Qatar Joint Economic Committee Meeting

After a 13-year hiatus, the 6th Iran-Qatar Joint Economic Commission will be meeting again on 13 and 14 May 2018 in Doha. A 70-strong delegation of Iranian businessmen and experts from the private and state sectors headed by the Deputy of the Ministry of Industry, Mine and Trade for international affairs, Mohammd-Reza Fayaz, entered the Qatari capital on Sunday morning.

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Three Iranian banks to open branches in Germany

Three Iranian banks to open branches in Germany

The Iranian Ambassador in Turkey has announced that the Iranian Middle East, Saman, and Sina banks will be opening branches in Germany to facilitate trade between Iran and its foreign partners, especially Europeans.  

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Brazil will invest euros 1.2BN in Iran

Brazil will invest euros 1.2BN in Iran

The Brazilian Ambassador to Tehran announced: “Brazil will invest euros 1.2BN to implement projects in Iran.” At a meeting with members of the Abadan Chamber of Commerce, Rodrigo de Azeredo Santos stated: “We need to establish further bilateral banking and currency ties to promote trade between our two countries.”  

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Zarif agenda on Pakistan trip

Zarif agenda on Pakistan trip

Iran’s top diplomat, Javad Zarif, begins a 3-day official trip to Islamabad today on the invitation of his Pakistani counterpart. Persia Digest reports that a thirty strong economic and commercial delegation accompany the Foreign Minister on this trip. Two business meetings have been planned in Islamabad and Karachi.  

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Iran-Germany sign technical cooperation agreement

Iran-Germany sign technical cooperation agreement

A trilateral cooperation agreement was signed between Iran's Technical and Vocational Training Organization, Iran Chamber of Commerce, and Germany’s Training and Skills Development Foundation for the implementation of the cooperation plan on professional and vocational training.  

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Iran-Germany Business Opportunity Seminar

Iran-Germany Business Opportunity Seminar

An Iran-Germany business opportunity seminar is being organized by the state Ministry of Rhineland-Palatinate for Economic Affairs and the Iran Germany Chamber of Commerce and Industry. The seminar will take place on 28 February at the Isfahan Chamber of Commerce and on 3 March at the Tabriz Chamber of Commerce.

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Iran-EU trade grows by 53%

Iran-EU trade grows by 53%

Iran-EU trade saw a rise of 53% in 2017 as compared to a similar period the previous year, to reach € 21 billion. The 2015 Iran nuclear agreement, the JCPOA, was implemented for the second year running in 2017, giving Iran sanctions relief.  

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China to reopen blocked accounts of Iranians

China to reopen blocked accounts of Iranians

Iran-China Chamber of Commerce Vice-Chairman has announced China’s decision to reopen the bank accounts of Iranians which had been blocked, and stated: “The Iranian Consulate in Shanghai has also made an official announcement in this respect.”  

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