A Pakistani minister says trade levels with Iran have increased over the past few years despite US sanctions imposed against the Islamic Republic over its nuclear energy program.

A former Iranian intelligence minister says if Iranian banks are cut off from the global electronic money transfer system, Tehran will use every possible means to respond in kind.

The third trial session of 32 defendants charged with involvement in the biggest embezzlement case in Iranian history has been held in Tehran’s Islamic Revolution Court.

The US says Iran has purchased 60,000 metric tons of American wheat, reopening grain trade ties between the two countries amid Washington’s tough sanctions against the Islamic Republic.

A report says oil-dependent countries like Spain will be pushed to the scaffold as the EU moves to cut Iran off from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) says it has decided to discontinue services to Iranian banks which are subject to financial sanctions imposed by the European Union.

Iran and Iraq have underlined the significance of the ‘great potentials’ of bilateral ties, which could be used to boost cooperation and enhance the volume of economic exchanges.

The value of Iran’s non-oil exports has reached 43 billion dollars in the first 11 months of the current Iranian calendar year (ending March 21, 2012).

A US Congress report says despite unilaterally imposing sanctions on Iranian banks, the US government still allows subsidiaries of American companies to do business with Tehran.

China's ambassador to the European Union says any potential military confrontation with Iran over its nuclear energy program will be a “disaster” for the global economy.

The UN Food and Agriculture Organization (FAO) says Iran is the 12th leading producer of wheat in the world, with an average production of 14 million tons in 2011.

South Africa's flagship mobile communications company MTN says it has no plans to abandon its operations in Iran despite facing difficulties over the US-led sanctions against Tehran.

The US Congress is mulling the imposition of new sanctions against Iranian banks that use the global electronic money transfer system SWIFT for international transactions to increase pressure on Tehran.

An Indian business delegation is expected to arrive in Tehran this week with the aim of discussing trade opportunities with Iranian officials despite the West’s anti-Iran sanctions.

The Chairman of the Thai-Iranian Business Council criticizes the US for leading a sanctions regime against Iran, saying it is harming ordinary financial enterprises in Thailand.

India is sending a business delegation to Iran to bolster trade relations between Tehran and New Delhi despite pressures from the US to reduce ties with the Islamic Republic.

A Russian state-controlled bank has closed down the accounts of Iranian embassy staff in Moscow in obvious submission to unilateral sanctions imposed by the West against Iran.

Following earlier reports about Iran and India moving towards a rupee-based trade system, Indian sources say Tehran has started paying the country’s exporters in rupees.

The United States has forced a Dubai bank to end all business dealings with Iran in line with efforts to force the Islamic Republic into freezing its nuclear energy program.

India’s Directorate General of Foreign Trade says the country’s rupee-denominated electronics exports to Iran would get as much support as those in other major currencies.

India’s industry officials say Tehran might buy around 3 million tons of wheat from New Delhi through private deals valued at USD 750-900 million.

Governor of the Central Bank of Iran Mahmoud Bahmani says the country can trade in currencies other than the American dollar in its foreign transactions.

A senior official at the National Iranian Petrochemical Company (NIPC) says the Islamic Republic has exported $12 billion worth of petrochemicals since the beginning of the current Iranian calendar year (started March 20, 2011).

Defense Minister Brigadier General Ahmad Vahidi announces plans to build new passenger planes, saying Iran will unveil a number of indigenous military and defense achievements next week.

The Chief Executive Officer of Iran Khodro Co. (IKCO) says the company is planning to present a new product portfolio to achieve the highest level of quality.

The Iranian ambassador to Zimbabwe has announced that Iran has sent $3.5 million to the Southern African country.

India's Export Credit Guarantee Corporation (ECGC) says it has not stopped giving insurance coverage to shipments to Iran despite recent sanctions imposed against Tehran.

Member states of the European Union may agree in coming weeks to stop the global electronic money transfer system, SWIFT, from doing business with Iranian banks.

Indonesian Energy Minister Jero Wacik has stressed the importance of bolstering cooperation with Iran's state and private sectors in various fields of energy and mineral resources.

Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the Islamic Republic welcomes the opportunity for Iranian companies to invest in economic activities in Nicaragua.

South Korea has reached an agreement with Washington to be exempt from US sanctions imposed to force Tehran give up its peaceful nuclear program.

Leading Iranian automaker, Iran Khodro Company (IKCO) has been named the country’s top company for its highest level of sales, job creation and profitability.

The first court session of the trial of 32 defendants charged with involvement in the biggest embezzlement case in Iran’s history has been held, Press TV reports.

Iran's Foreign Minister Ali Akbar Salehi has called for the expansion of Tehran-Islamabad trade and economic ties to a level worthy of the two “friendly and neighboring” countries.

India has finalized a date for an Indian business delegation to visit Iran and discuss trade opportunities with Iranian officials despite the Western sanctions against Tehran, Press TV reports.

The European Union is considering a plan to ban Iranian banks subject to US and EU financial sanctions from using a Belgium-based financial communications and clearing system.

Iran's Vice President for Parliamentary Affairs Mohammad-Reza Mir-Tajeddini says the recent round of Western sanctions against Iran has no impact on the country’s fiscal budget for the upcoming Iranian year.

India has announced plans to send a “huge” trade mission to Iran to explore business opportunities there despite the Western sanctions imposed on the Islamic Republic.

Iran ranks 17th on the list of the world’s major economic powers based on the statistics released by the International Monetary Fund (IMF).

Vice President of Iran's National Carpet Center Mehdi Kateb says the Islamic Republic exported some $436 million worth of hand-woven Persian carpets in the first ten months of the current Iranian calendar year (starting March 21).