Five events that shook world economy in 2016

An increasingly interconnecting world makes countries vulnerable to events in others. Seven years after the American subprime crisis shook the whole world, global economic shocks keep coming. 2016 witnessed several events that ended up impacting economies all over the world, for good and bad.

Iran, Russia to establish joint Islamic bank

Russian officials say Moscow is working on an ambitious plan to establish a joint Islamic bank with Iran – a move that can not only help promote their banking ties but also provide them with a wide banking network of Muslim countries.

Iran, Indonesia sign 14 agreements

Iran says it has signed over a dozen basic agreements with Indonesia to promote cooperation in a variety of areas in what could indicate a significant opening in trade relations between the two countries.

Iran renewables expansion

Iran is holding a key conference to bring the world's renewable energy companies and financiers to the country to meet with local partners.

Iran Air, Boeing finalize $16.6b deal

The Airline of the Islamic Republic of Iran (Iran Air) signed a $16.6 billion deal to buy 80 passenger planes from U.S. aircraft maker Boeing, IRNA quoted Farhad Parvaresh, the managing director of the Iranian flag carrier as saying on Sunday.

Rise in Iran’s non-oil exports

Iran experts $28.117 billion of non-oil products in the first eight months of the current Iranian calendar year. It shows 5.74 percent rise compared to the same period last year.

Iran's NISOC, Schlumberger sign MOU on 3 oilfields studies

National Iranian South Oil Company (NISOC) and Schlumberger Ltd., the world’s largest oil driller by market value, signed a memorandum of understanding (MOU) on Sunday to carry out preliminary studies over three oilfields in southwestern Khuzestan province in Iran, Shana reported.
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