Tag Archives | Turkey

Former Central Bank boss denies meeting Zarrab

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s former Central Bank head Mahmoud Bahmani, reacting to Iranian-Turkish tycoon Reza Zarrab’s recent statements in a US court, says he never met with Zarrab. In his testimony in a New York trial, Zarrab, who was arrested in the […]

Tehran, Baghdad sign One-Year Oil Swap Deal

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that […]

Erdogan helped Iran evade US Sanctions, Zarrab claims

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. A trial playing out in New York is being watched carefully in Turkey. That’s where a banker accused of helping to launder money for Iran is from. And wrapping up his testimony on […]

Turkish-Iranian Gold Trader Pleads Guilty

By John Lee. Prosecutors in the United States have reportedly revealed that a wealthy Turkish-Iranian gold trader has agreed to testify about what is claimed to be a “vast corruption scheme they say reached into the upper levels of the Turkish government.“ Associated Press says that Reza Zarrab (34) is expected to outline how he […]

Iran, Qatar, Turkey to Hold Ministerial Meeting

The economy ministers of Iran, Qatar and Turkey are scheduled to hold a meeting to discuss the status of trilateral cooperation and trade. The trilateral meeting of Iranian Economy Minister Massoud Karbasian, Turkey’s Nihat Zeybekci, and Qatar’s Ahmed bin Jassim Al Thani will be reportedly held in the near future. The three ministers are expected […]

Iran’s Exports to Turkey Grow by 75%

The value of trade exchange between Iran and Turkey in the first nine months of this year has risen by 14 percent compared to the corresponding period last year, figures released by the Turkish government said. According to the Turkish Statistical Institute, a large increase in the value of imports from Iran in the first […]

Iran, Turkey Sign Deals in Scientific, Environmental Areas

High-ranking officials from Iran and Turkey inked two agreements in a bid to boost cooperation between the two neighboring countries in diverse fields, including science and technology as well as environment. The documents were signed during a meeting in Ankara on Thursday attended by visiting Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Binali […]

Iranian, Turkish Central Banks Ink Currency Swap Deal

Governor of the Central Bank of Iran (CBI) Valiollah Seif and his Turkish counterpart, Murat Cetinkaya, signed an agreement, according to which the two countries can conduct trade transactions through using their national currencies. During a meeting between visiting Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Binali Yildirim in Ankara, Seif and Cetinkaya signed […]

Iran-Turkey Common Borders to Work Around-The-Clock

Visiting Iranian First Vice-President Eshaq Jahangiri announced that Tehran and Ankara have agreed to further facilitate bilateral trade between the two neighboring countries through making common borders operate 24 hours a day. Speaking at a joint press conference with Turkish Prime Minister Binali Yildirim in Ankara on Thursday, Jahangiri pointed to recent talks between high-ranking […]

Iran Weary of Trump’s Plans in Iraqi Kurdistan

By Fazel Hawramy, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. More than two weeks after the Sept. 25 independence referendum in Iraqi Kurdistan, Iran has yet to take any meaningful action against the Kurdish region despite its rhetoric, including Supreme Leader Ayatollah Ali Khamenei’s […]

Iran, Turkey to Finalize Currency Swap Deal

The Governor of the Central Bank of Iran (CBI) Valiollah Seif, who is on an official visit to neighboring Turkey, said the two countries plan to finalize their trade exchanges based on currency swap. In remarks released on Tuesday, Seif referred to efforts to realize the goal of $30 billion of annual bilateral trade between […]

Iran, Turkey sign 4 Cooperation Pacts

Iran and Turkey have signed four Memorandums of Understanding (MoUs) to deepen relations between the two countries: between the Iranian Ministry of Economic Affairs and Finance and the Turkish Ministry of Customs and Trade; between the Central Bank of Iran (CBI) and the Turkish Central Bank; between the National Library of Iran and the Turkish […]

Iran Replaces Iraq as Biggest Crude Oil Exporter to Turkey

By John Lee. Turkey’s imports of crude oil from Iran have increased 142 percent in the first seven months of 2017, from 3 million tons to 7.4 million tons, making it the country’s biggest supplier of crude. According to the report from Daily Sabah, Iraq‘s crude oil exports to Turkey decreased 20.5 percent from 5.4 […]

Iran, Turkey Agree to Broaden Military Alliance

The Armed Forces of Iran and Turkey agreed on Monday to promote cooperation in various arenas, as in offering help for the persecuted Muslim people of Myanmar, Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri announced. Speaking at a joint press conference with his Turkish counterpart General Hulusi Akar in […]

Cargo Line Opened between Qatar, Turkey via Iran

Qatar has opened a land and sea cargo line with Iran and Turkey in a bid to reduce the Arab country’s cargo shipping costs by 80 percent, a report said. Former editor-in-chief of Qatar’s al-Sharq newspaper, Jaber Al-Harmi, said via twitter that the Persian Gulf Arab state has opened a land and sea cargo line […]

Ex-Minister Charged with Conspiring to Evade Sanctions

By John Lee. A former economy minister and other high-profile Turkish figures have been charged with conspiracy to evade US sanctions on Iran. The indictment charges Mehmet Zafer Caglayan, along with the former head of Turkey’s state-owned Halkbank and with some of his deputies. According to a report from The Washington Post, the investigation had […]

Iranian Exports to Turkey Up 80% in 7 Months

The total value of Iran’s exports to Turkey during the first seven months of the current year has increased by 80 percent, compared to the same period last year, data released by Turkey showed. Iran exported $4.5 billion worth of goods to Turkey from January to July 2017, indicating an 80% increase compared to a […]

Russian Companies Submit Plans to Develop Iran Oil Fields

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]

Iran, Turkey move to re-establish Role as Regional Backbone

By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran and Turkey are among the oldest rivals in the Middle East. This rivalry between the former Ottoman and Persian empires has calmed in recent decades, yet, with the spark of the Arab Spring, the two […]

Iran, Russia, Turkey Sign $7bn Drilling Deal

Turkey’s Unit International announced it has signed a $7 billion agreement with Iran’s Ghadir Investment Holding and Russia’s state-owned Zarubezhneft to drill for oil and natural gas in Iran. In a statement, Unit said the three companies had invested a total of $7 billion for the drilling, which would take place at three oil fields […]