Bourse and Bazaar - Last week, an official from Irans communications ministry received an email from a Chinese supplier informing them that Bank of Kunlun, the state-owned bank at the heart of China-Iran bilateral trade, is weighing whether to cease processing Iran-related payments. The email warned that after an April 9 deadline, Kunlun may ...

Financial Tribune- More than $2.3 billion worth of vehicles and auto parts were imported in the eleven months of the current fiscal that ends on March 20. As has been the case for several years, China, Germany and the UAE topped the list of countries from which the vehicles entered Iran, YJC reported. The weight of the total imports was put at 219,...

Much to the chagrin of car buyers, an official at the Iran Automobile Association has said that imported car prices may increase by at least 12-15% in the current Iranian year (started March 20) due to the increase in the US dollar exchange rate. Speaking to Eghtesad News, Farhad Ehteshamzad, the official, noted that foreign exchange rate fluctuations ...