Economy of Iran

U.S. prosecutors have charged a former Turkish economy minister and a former general manager of a Turkish state bank with conspiring to evade U.S. sanctions against Iran, a U.S. attorney's office has said in a filing.

Iran has secured an eight-billion euro credit line from South Korea's Eximbank, the Islamic republic's biggest loan deal since its 2015 nuclear accord, the Iranian central bank announced on Aug. 24.

The short-term foreign debt held by Turkey's private sector increased by $2 billion at the end of June from the end of 2016, the country's central bank announced on Aug. 16.    
    
Short-term loans - which must be paid within 12 months - reached $16.3 billion in the sector as of June, the Central Bank said in a statement.  

Iran signed the country's biggest-ever car deal with French multinational automobile manufacturer Groupe Renault on Aug. 7 to produce 150,000 cars, beginning in 2018.

New US sanctions against Iran, Russia and North Korea "appear at odds with international law due to their extra-territorial reach."

This is according to the French Foreign Ministry, cited by Reuters on Wednesday.

The European Union sounded an alarm on July 22 about moves in the U.S. Congress to step up U.S. sanctions on Russia, urging Washington to keep coordinating with its G7 partners and warning of unintended consequences.  

For years, Iranians have had to put up with the likes of "Mash Donalds" and "Pizza Hat." Now real Western food franchises have finally arrived, but doing business in Iran is not for the faint-hearted.

Iran plans to sign a new contract to develop its giant South Pars gas field with France's Total and China's CNPC on July 3, the first major Western energy investment since sanctions against Tehran were lifted, an Iranian oil ministry official told Reuters on July 2.

Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal.

Greek private sector bank deposits rose slightly in March after declining in the previous three months, central bank data showed on Friday.

Business and household deposits rose to 119.31 billion euros, from 119.07 billion in February, their lowest level since November 2001.