Russia says it has devised an alternative to a global electronic money transfer mechanism which the United States has shown it would readily use to disrupt overseas financial transactions of countries which it sanctions for political disputes.
Russia devises own SWIFT system
The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70.
13 states, including US ally Canada, join AIIB
Central banks of Iran and Pakistan are likely to sign agreement next week for opening banking channels to streamline trading activities between the two countries, a senior official of Pakistan said on Thursday.
Pak-Iran to resume banking transactions soon: FPCCI
The government has successfully carried out policies of the Economy of Resistance, says Economy Minister Ali Tayyebnia.
Economy Minister in message to Leader: Resistance Economy highly promising
Serious signs have appeared showing that doing business with Iran may have already started to return to normal a year after the removal of sanctions that had complicated commerce with the country since 2011.
New signs show doing post-sanctions business with Iran returning to normal: Report
Kazakh Foreign Minister Kairat Abdrakhmanov says that his country supports Iran’s membership in the Shanghai Cooperation Organization (SCO).
Astana supports Tehran’s membership in SCO
Iran's Ambassador to Zimbabwe Ahmad Erfanian met the Chief Executive Officer of Zimbabwe's National Trade Development and Promotion Organization Sithembile Pilime on Wednesday to discuss ways to develop trade between the two countries.
Iran, Zimbabwe discuss ways to develop trade
An agreement to set up a free-trade area between Iran and the Eurasian Economic Union (EEU) will establish the basis for further growth in trade with Russia, which grew by about 80 percent in 2016, said Iranian Ambassador to Russia, Mehdi Sanaei.
Iran-EEU deal to ensure growth in trade: Ambassador
Iran resumed export of electric power to Iraq after it had been halted for more than two months, the Iraqi Ministry of Electricity disclosed in a statement.
Iran resumes electricity export to Iraq
British Trade Minister Liam Fox said on Wednesday he had commissioned work from his department to look at how to normalize “effective payment channels” with Iran to try to open up trading opportunities.
UK's Fox says commissioned work on Iran ties will help develop trade

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