Payvand Iran News:
Business, Economy...
Bahman 20 1394
February 09 2016
Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia
Home | Contact | About | Archive | Privacy Policy
Bookstore | Persian Calendar
twitter | facebook | RSS Feed

Bookmark and Share

Iran Business Source
Iran Travel Source
Fale' Hafez


Norouz | Rooz Online | Ettela'at
Shargh | Bahar | donya-e eqtesad
Hamshahri | Iran | Jomhouri Eslami
Kayhan London | Kayhan | Resalat
Salam Toronto
Iran Daily
| Tehran Times

(Radio, TV)
IRIB | BBC | VOA | Radio Farda
Fars | IRNA | ISNA | Mehr

Tehran | Mashhad | Tabriz
Abadan | Esfahan | Shiraz
Satellite Image

Iran ready to expand cooperation with EU, Greece: President Rouhani

- President Hassan Rouhani said on Monday that Iran is ready to expand cooperation with European Union, including Greece and that strengthening relations and cooperation between Tehran and Athens are beneficial for both nations. President Rouhani made the remarks in a meeting with Greece Prime Minister Alexis Tsipras in Tehran. - 2/9/16

World Bank forecasts 5.8% GDP growth for Iran in 2016

- The World Bank has forecasted Iran's gross domestic product (GDP) will grow by 5.8 percent in 2016 and by 6.7 percent in 2017. In its January 2016 Global Economic Prospects report with the theme of Spillovers amid Weak Growth, the World Bank said Iran's economy expanded by 1.9 percent in 2015. - 2/8/16

France and Iran Are Back to Business

- After a decade of wrangling over the nuclear program, President Rouhani found himself in Italy and France last week in search of business in the automotive, transportation, hydrocarbon, and industrial sectors. That Rouhani choose to visit Paris over any other European capital underlines the fact that Franco-Iranian relations go much deeper than the past decade of haggling over Iran's uranium enrichment levels. -Emma Scott - 2/6/16

Canada lifts Iran sanctions, to restore ties

- Canada announced on Friday that it is lifting some sanctions against Iran and is also working over the restoration of diplomatic ties with the Islamic Republic. The government of Prime Minister Justin Trudeau announced in a statement that it had amended its "broad-reaching autonomous sanctions against Iran to allow for a controlled economic re-engagement, including lifting the broad ban on financial services, imports and exports." - 2/6/16

Digging Deep To Build The Tallest Hotel In Iran

- Ebrahim Pourfaraj wants to build the biggest hotel in all of Iran. He's already started his project in the far north Tehran, a wealthy zone where the city climbs up the slopes of the snow-capped Alborz Mountains. The sheer scale is amazing. Construction crews have dug a hole in a hillside, about 240 feet deep. Pourfaraj says no commercial construction site in Iran has ever gone this deep. -Steve Inskeep, NPR - 2/6/16

How sanctions helped Iranian tech industry

- As Iran moves to take advantage of the sanctions relief extended under the Joint Comprehensive Plan of Action, the recent drop in crude prices means that Tehran won't be able to count on soaring oil revenues in the near future... However, things are not all bleak. Iran has an asset that could potentially partially be relied on to tackle the issue of economic growth in the long term: its high-tech sector. -Mahmoud Pargoo, Al Monitor - 2/6/16

Iran Inks $40 Billion In Deals In Moscow; Eyes Oil Sales To Rosneft

- Iran and Russia have initialed contracts worth around $40 billion for nuclear power construction, railways, and other projects, the top adviser to Iran's Supreme Leader Ayatollah Ali Khamenei said on February 4. - 2/5/16

First Europe bank to open Iran office

- Austria's Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran "as quickly as possible," becoming the first foreign lender to set up shop in Iran after the lifting of sanctions. RBI is in "intensive talks" with Iranian banks as Tehran is rejoining the international banking system, its board member Peter Lennkh said in an interview with Austrian newspaper Wirtschaftsblatt. - 2/5/16

German MKM To Invest 1 Billion Euros in Iran's Copper Industry

- TEHRAN - Germany's copper producing company Mansfelder Kupfer und Messing GmbH (MKM) signed a memorandum of understanding, worth 1 billion Euros, to invest in a number of mineral projects including the ones in downstream copper industries in Iran. - 2/5/16

Iran's Parliament set to approve shorter work week for women

- Iraj Abdi, a spokesman for Iranian Parliament's Social Commission, says new regulations will soon be approved to let women work reduced hours under certain conditions. The new regulations, according to Abdi, will allow women with children under six, women with disabled children and single mothers to work eight hours less at their full-time jobs without a reduction in pay and benefits. - 2/4/16

After Iran deal, imported Persian rugs reach L.A.

- The call came in to the rug store at 10:30 on Wednesday morning: After five days in U.S. customs, the shop's first batch of carpets imported from Iran were ready for pickup. Store owner Alex Helmi quickly gathered his employees and told them to drive to the airport to pick up the shipment: 40 handmade rugs valued at about $500,000. -Sarah Parvini, LA Times - 2/4/16

Tehran Stock Market Hits One-Year High After Sanctions Lifted

- The Tehran Stock Exchange has surged to a one-year high since Iran's landmark nuclear deal with world powers went into effect last month. The Tehran TEDPIX index soared to 73,725 on February 2, boosted by an outpouring of foreign investment of $16.6 million in the 10 days since sanctions were lifted, Bloomberg reported. - 2/3/16

Ratings agency Moody foresees strong growth for post-sanctions Iran

- International ratings agency Moody's projects Iranian economy to grow in the years to come over its solid foundation and sanctions removal. Iran's gross domestic product (GDP) will grow five percent in 2016-2017, thanks to a solid foundation built to cope with exclusion from the global financial system, Moody's said in an e-mailed research note Monday. - 2/2/16

Iran's $100 billion 'fully released': Government

- The government says Iran can now access more than $100 billion in frozen assets after the implementation of a nuclear agreement last month. "These assets have fully been released and we can use them," Government spokesman Mohammad-Baqer Nobakht told Iran's Alalam television network on Sunday night. - 2/2/16

Iran bans wheat imports: Agency

- Iran's Ministry of Agriculture bans state imports of wheat in the coming Persian year which begins on March 20, ordering officials to stop registering new purchase orders. Agriculture officials have already said they foresaw no major wheat imports in the calendar year of 1395 because better rainfall so far is expected to boost domestic harvest. - 2/2/16

In Iran, New Battle Brews Over Contracts With Foreign Oil Giants

- A political battle is taking shape in Iran over any new foreign role in developing the country's enormous oil wealth, only a few weeks after the Iranian nuclear deal with foreign powers relaxed tough economic sanctions. -Thomas Erdbrink, NY Times - 2/1/16

Five Unanswered Questions About Iran's Airbus Mega-Order

- There is no doubt that Iran's landmark agreement with Airbus to purchase 118 new aircraft will transform the fortunes of an aviation sector ravaged by international sanctions. The acquisition of brand new, western-built aircraft will help flag-carrier Iran Air reclaim its title as a leader in Gulf aviation, ending decades as an industry pariah unable to strike commercial deals. -Martin Rivers, Forbes - 2/1/16

Sanctions are out, French cosmetics are in: Companies hope to profit in Iran

- Pucker up, get your brushes and line your eyes -- sanctions on Iran are out, and cosmetics from France are in. Or at least, that's what some of France's biggest, best-known cosmetic brands are hoping, with a huge market opening up as Iran comes in from the cold after a landmark nuclear deal. -AFP - 2/1/16

Iran: Basij youth arrested for protesting foreign oil deals

- Security forces in Tehran broke up demonstrations by a group of Basij youth against Iran's recent oil agreements. The protests had been planned for Friday in front of the Ministry of Oil offices. INSA reports that the special riot police were deployed in front of the building to stop illegal demonstrations. - 1/31/16

Iran to resume carpet export to US

- Head of the Iranian National Carpet Center has announced the resumption of Iran's hand-woven carpet export to the US in the current year. Hamid Kargar has deemed 2016 as the year for resumption of Iranian carpet exports to the US expressing hope that the currently low exports rate will be compensated for in the coming months: "The high interest of American businessmen to buy Iran's hand-woven carpets indicates that the exports to America will start again soon." - 1/31/16

The State of Digital In Iran

- I don't think anyone really understands the depth of digital upheaval Iran has experienced in the past few years. Social media and e-commerce consumption have both gone topsy-turvy in parallel to an overwhelming migration to smartphone devices. -Amir-Esmaeil Bozorgzadeh, TechCrunch - 1/31/16

Iran Embarks on European Mission to Attract New Business

- Iran is open for business. That's the message from President Hassan Rouhani during his milestone visit to Europe. With most sanctions lifted as a result of its agreement to dismantle its nuclear program, Iran has embarked on a charm offensive to extol the economic opportunities on its territory and to free itself from years of international isolation. -Mil Arcega, VOA - 1/30/16

Iran to buy 40 planes from ATR

- Only days after Iran signed a landmark agreement to purchase 118 planes from Airbus, an aviation official in Tehran said a separate order to buy 40 turboprop planes from the European manufacturer ATR is in the pipeline. - 1/30/16

Iran and France Sign Major Trade Deals

- Iranian President Hassan Rouhani has signed trade deals with France worth billions of dollars following the lifting of international sanctions imposed over its nuclear program. "We are ready to turn the page for a new relationship between our two countries," he told a group of French business leaders in Paris after his arrival Thursday in the French capital. - 1/29/16

Peugeot signs key deal with Iran Khodro

- The French carmaker PSA Peugeot CitroŽn said on Thursday that it had signed a binding contract with Iran's leading vehicle manufacturer Iran Khodro to produce a range of cars in the country. Carlos Tavares, chief executive of PSA, said at a press conference in Paris that the value of the deal stands at 400 million Euros. - 1/29/16

Russian Oil Execs Agree To Talk With OPEC About Boosting Prices

- Russian oil executives and energy officials decided this week they should talk to Saudi Arabia and the OPEC oil cartel about cutting output to boost world oil prices, the head of Russia's pipeline monopoly said on January 27. - 1/28/16

Tehran Stock Exchange hits record high on market optimism

- The Tehran Stock Exchange's main index, TEDPIX, notched a record high on Tuesday amid a positive climate that has been generated after the implementation of nuclear deal between Iran and world powers. The TEDPIX gained 2,142 points, equaling 3 percent, to end at 70,999. - 1/27/16

Canada To Follow EU and U.S. In Lifting Sanctions On Iran

- Canada will follow the United States and European Union in lifting economic sanctions against Iran to ensure Canadian businesses aren't left behind, Canada's foreign affairs minister said January 26. "In which way it's helping Canada or the Iranian people or Israel or anyone that Canada is hurting its own industry?" he asked. "If [European aircraft manufacturer] Airbus is able to do it, why would Bombardier not be able to do it." - 1/27/16

Iranian President Signs Business Deals In Rome

- Italian Prime Minister Matteo Renzi has said after meeting in Rome with Iranian President Hassan Rohani that a series of business agreements they signed is "just the beginning" for their countries. Deals being signed during Rohani's 48-hour stay in Italy are valued at up to 17 billion euros ($18.4 billion). - 1/26/16

Airbus ready to negotiate selling new commercial aircraft to Iran

- France-based aircraft manufacturing company, Airbus, has confirmed that it is ready to start talks with Iran for the sale of dozens of new commercial aircraft to the country after international sanctions against Iran's economic sectors were lifted. - 1/26/16

General Electric in talks to enter Iranian market: Report

- John Rice, vice chairman of General Electric has expressed optimism about future trade with Iran, telling leading German language business newspaper Handelsblatt in a recent interview that his company is already in negotiation with the Iranian side. - 1/26/16

British Regulators Mull Return Of Iranian Banks To London

- British regulators are considering whether to allow two Iranian banks in London to resume operations after years of sanctions. Melli Bank and Persia International Bank will only be able to operate in the United Kingdom once they have met Bank of England criteria for financial firms. - 1/26/16

Azerbaijan's Reserves Rapidly Evaporating Amid Fiscal Storm

- With oil prices now barely above $31 per barrel, Azerbaijan's energy-export economy is taking on lots of water. And what is worse, Baku's lifeboat, the State Oil Fund of Azerbaijan, appears to be in danger of foundering. -Durna Safarova, LobeLog - 1/26/16

Iran's President Travels To Europe To Drum Up Business

- Iranian President Hassan Rohani has arrived in Rome on the first leg of a European tour, his first trip abroad since a nuclear deal with world powers took effect. Rohani is being accompanied by Iranian entrepreneurs as well as the oil and gas minister and other government officials during the five-day visit to Rome and Paris. - 1/25/16

With Sanctions Lifted, Iran Ready For SCO

- With international sanctions lifted, Iran is ready to become a full member of the Shanghai Cooperation Organization, senior Iranian officials said Monday. Iran applied for full membership in the SCO in 2008, but has been blocked by rules in the organization's charter that forbid membership for any country under United Nations sanctions. -Joshua Kucera, LobeLog - 1/25/16

Iran signs oil deal with Russia's Lukoil

- Iran says it has signed a deal with Russia's Lukoil over two exploration projects in the country's southwestern oil-rich Khouzestan province. Hormoz Qalavand, the director for exploration affairs of the National Iranian Oil Company (NIOC), has been quoted by the media as saying that Lukoil is to look for hydrocarbon reserves in Dasht-e Abadan and the northern parts of the Persian Gulf. - 1/25/16

Griffon Starts $108 Million Fund to Invest in Iranian Stocks

- Griffon Capital, a Tehran-based firm set up by a group of international and Iranian investors including Xanyar Kamangar in anticipation of Iran's nuclear deal, is seeking to raise 100 million euros ($108.2 million) by the end of the year for a new offshore fund specializing in the country's stocks. -Bloomberg - 1/25/16

Iran, China Agree To $600 Billion Trade Deal After Sanctions Lifted

- Iranian President Hassan Rohani says Iran and China have agreed to expand bilateral relations and boost trade to $600 billion over the next 10 years. Rohani made the announcement following January 23 talks in Tehran with Chinese President Xi Jinping, the first major world leader to visit the Islamic republic since the easing of international sanctions on January 16 under a deal between Tehran and global powers aimed at curbing Iran's nuclear program. - 1/24/16

Iran eyes buying over 100 Boeing jets

- Iran is reportedly considering to buy narrow-body 737s for domestic flights and two-aisle 777s for long-haul routes from Boeing. The announcement by Deputy Transport Minister Asghar Fakhrieh Kashan, quoted by Reuters on Sunday, came as Iran opened its first international business event since the lifting of sanctions. - 1/24/16

After sanctions, Iranian and foreign firms await the good times

- The deal with world powers that ended Iran's international isolation, in exchange for restrictions on Tehran's nuclear programme, restored its access to tens of billions of dollars in frozen assets, reopened the country to foreign investment and allows it to sell oil again on world markets. -Reuters - 1/24/16

China, Iran Expand Ties During Xi Visit

- Chinese President Xi Jinping and Iranian President Hassan Rouhani called for a "new chapter" in China-Iran relations, as the Chinese leader continued an official state visit to Tehran. Meeting at the president's residence in Tehran Saturday, the two leaders oversaw the signing of 17 agreements aimed at expanding diplomatic and economic cooperation. The two countries also agreed to boost mutual trade. -Nike Ching, William Gallo, VOA - 1/23/16

Civil vs. Military in Post-Deal Iran

- "I'm not a colonel, I'm a lawyer!" Iran's current President Hassan Rouhani uttered when his commitment to civil liberties came under fire during the 2013 presidential debate. In an attempt to accentuate the contrast between himself and his rivals-some of whom came from a military background-Rouhani emphatically distanced himself from those whose mindset, as he put it, had been shaped by the logic of the "garrison." At the heart of the struggle for reform in Iran lies a deep conundrum: the role of the armed forces in society, chief among them the Revolutionary Guards Corps (IRGC). -Sajjad Safaei - 1/23/16

What is Iran's Future Following Lifting of Sanctions?

- Economic experts say Iran has the potential to expand its economy and become more prosperous now that many economic sanctions have been lifted. But some of these same economists worry that corruption and government intrusion into the markets will hurt growth and disappoint ordinary Iranians. -Jim Randle, VOA - 1/23/16

Nursing rep reveals challenging statistics for profession in Iran

- Ebrahim Mohammadi, the head of International Relations for Iran's Council of Nursing, reports that 7,000 nurses in the country are unemployed. Mohammadi told ISNA that currently 200,000 nurses are employed across the country and there is a need for another 130,000 nurses to be hired. - 1/23/16

Boutique firms buying Iran shares

- Signs are emerging that the world's biggest investors have already started moves to purchase shares in Iran's stock market. Reuters reported on Thursday that UK's Charlemagne Capital has bought around $50 million of 18 Tehran-listed stocks. - 1/21/16

Crude Reckoning: The Far-Reaching, Unexpected Effects Of Falling Oil Prices

- What do a Kurdish Peshmerga fighter, a Russian villager, and an American miner have in common? They have all been adversely affected by plunging oil prices. For many Western consumers, plummeting prices mean paying less to heat their homes and drive their cars. But cheap oil, at its lowest price in over a decade, is also having far-reaching and unexpected geopolitical and economic consequences around the world. -Frud Bezhan, RFE - 1/20/16

US firms can do Iran business via EU

- The recent lifting of the economic sanctions against Iran has already started a rush among international corporations to start to set their feet in the country's vast consumer market of around 80 million. - 1/20/16

Sanctions Lifted But Economic Challenges Remain for Iran

- If there is a big economic payoff to the implementation of the Joint Comprehensive Plan of Action (JCPOA) and the lifting of international sanctions against Iran, the financial markets in Tehran are not yet impressed. The rial barely moved as "implementation day" arrived. -Djavad Salehi-Isfahani, LobeLog - 1/20/16

Iranian dotcoms eye foreign investment, new customers after sanctions

- Tehran-based e-commerce firm Takhfifan found it impossible to attract foreign investment when it launched in 2011 but it took only two days for a potential foreign investor to get in touch after sanctions on Iran were lifted. -The Star - 1/20/16

Iran's elite Guards to gain regional, economic power in post-sanctions era

- Iran's Revolutionary Guards did well under international sanctions, and the elite military force is destined to become still richer now they've been lifted. Iran's clerical rulers have supported economic growth of the Guards, rewarding the group for sanctions-busting as well as suppressing dissent at home and helping Tehran's allies abroad - notably Syrian President Bashar al-Assad. -Parisa Hafezi, Reuters - 1/20/16

Europe eyes Iran as new energy source

- Europe looks to Iran to diversify energy supplies after the lifting of sanctions on the Islamic Republic, head of Italy's Eni SpA Claudio Descalzi says. Iran owns the world's largest gas reserves but its share of the market is negligible because much of the gas produced goes to local consumption which is huge by all standards while sanctions have curbed efforts to ramp up production. - 1/19/16

Iran to receive more than $32bn of unblocked assets: Central Bank

- The governor of the Central Bank of Iran (CBI) has announced that Tehran will access more than $32 billion of unfrozen assets after sanctions removal. CBI chief Valiollah Seif said Monday that $28 billion of the assets would go to the central bank and $4 billion will be transferred to the state treasury as the share of the government. - 1/19/16

Iran To Rejoin World Markets With Implementation Of Nuclear Deal

- Now that a decade of UN, EU, and U.S. sanctions over Iran's nuclear program should soon be coming to an end with the implementation of Tehran's nuclear deal with world powers, this could release upwards of $100 billion of Iranian-assets that have been frozen in the West and pave the way for a surge in Iranian oil exports.-Ron Synovitz, RFE - 1/18/16

Iran gives order for 500,000 bpd rise in oil production

- Managing director of the National Iranian Oil Company says the Oil Ministry has been ordered to raise the country's daily oil production by 500,000 barrels following announcement of the removal of international sanctions against Iran. - 1/18/16

Daimler says it plans quick return to Iran

- German automaker Daimler says its truck business plans a swift return to Iran where the race among carmakers for a share of the country's huge market is getting intense after the lifting of sanctions. Daimler said Monday it has signed letters of intent with local partners Iran Khodro Diesel and Mammut Group to arrange a "comprehensive re-entry" into the country. - 1/18/16

Iran, EU Announce Implementation Of Nuclear Deal

- Iran and the European Union have agreed that Tehran has kept its nuclear promises under an agreement reached in July. Iranian Foreign Minister Mohammad Javad Zarif and the EU's foreign policy chief Federica Mogherini announced the agreement at a press conference in Vienna on January 16. - 1/17/16

Nuclear Deal 'Turning Point' For Iran's Economy, President Says

- Iranian President Hassan Rohani has hailed the lifting of international sanctions on his country, saying a nuclear deal with world powers opened "new windows" for Tehran's engagement with the world. - 1/17/16

How does the Nuclear Deal Affect Personal Transactions Involving Iran?

- Many questions have arisen following yesterday's landmark announcement of implementation of the nuclear agreement reached last July between Iran and the P5+1 states (the United States, United Kingdom, France, Russia, China and Germany). This deal, known as the Joint Comprehensive Plan of Action (or JCPOA) has brought about much speculation about Iran's emergence from roughly a decade of punishing sanctions and its reintegration into the international economic and political sphere. -Farhad Alavi - 1/17/16

Iran announces deal for 114 Airbus planes: First deliveries in July

- Airbus's first deliveries to flag carrier Iran Air are due as early as July, an Iranian official has said, after a minister announced a deal for purchase of 114 jets from the European company. Minister of Transportation Abbas Akhoundi made the announcement on Saturday which coincided with the official lifting of sanctions, putting an end to decades of economic embargo, including sales of aircraft and their parts to Iran. - 1/17/16

U.S. Imposes New Sanctions On Iran

- The United States has announced new sanctions on Iranian companies and individuals linked to Iran's ballistic missile program. The move comes a day after Washington and the EU lifted sanctions related to Tehran's nuclear program. - 1/17/16

Zarif: Iran Expects Sanctions Will Be Lifted Saturday

- Iranian Foreign Minister Javad Zarif says international economic sanctions on Iran will be lifted Saturday, with the United Nations nuclear watchdog agency expected to confirm that Tehran has complied with last July's landmark agreement with world powers to restrain its nuclear development program. "Today is a good day for the people of Iran and the sanctions will be lifted today," Zarif told Iran's IRNA news agency as he arrived in Vienna, awaiting the release of the final report by the International Atomic Energy Agency. "It's also a good day for the region." - 1/16/16

President Obama Lifts Ban On Aircraft Sale To Iran

- US President Barack Obama has lifted a decades-old ban on the export of civilian passenger aircraft to Iran as Tehran prepares to see sanctions relief. The historic decision comes against the backdrop of planned implementation of Iran's historic nuclear deal with world powers at the weekend. - 1/16/16

Iran's Move To Add To Oil Glut Sends Global Markets Reeling

- Oil prices plummeted to $29 a barrel on an expected increase in Iranian oil exports as international sanctions are lifted this weekend, dragging stock markets sharply lower around the world on January 15. With major indexes in New York, Shanghai, London and elsewhere plunging in a world awash in oil but lacking strong sources of economic growth, worried investors snapped up gold, bonds, and other safe-haven assets. - 1/16/16

The Woman Shaping Iran's Oil Future

- Raised in a pistachio-farming family in tradition-minded southern Iran, Hassanzadeh, 31, earned her law degree and Ph.D. in the U.K. on scholarships. She literally wrote the book on Iran's natural gas industry since the 1979 Islamic revolution--it was published last year by Oxford University Press. She has returned to Iran to head a consulting firm, Energy Pioneers, based in Tehran and London, that's at the vanguard of Iran's all-out push to lure back foreign investors after the expected lifting of sanctions in coming months. -Peter Waldman, Bloomberg - 1/15/16

The game industry of Iran

- How economic sanctions and piracy shape how people in Iran make and play games. -Yara Elmjouie, Polygon - 1/15/16

Sanctions Relief 'Likely' Within Days After Iran Fulfills Key Pledge

- U.S. Secretary of State John Kerry said relief from Western economic sanctions is "likely within the coming days" after Iran fulfilled a key pledge under its nuclear agreement with world powers. Kerry said on January 13 that Iran was within hours of decommissioning its Arak heavy-water nuclear reactor as required under the agreement. - 1/14/16

Iran to sell 40 tons of heavy water to US

- Iran said on Tuesday that it plans to sell as much as 40 tons of its excess heavy water supplies to the US - a major step which is expected to take the country toward the commercialization of its nuclear energy program. - 1/13/16

Saudi-Iran Crisis Mars Tehran Sanctions Relief

- Iran is on the brink of reintroducing itself to the world economy as economic sanctions may be lifted soon in accordance with the nuclear deal struck in Vienna last year. Iran agreed to curb its nuclear program in exchange for sanctions relief. -Heather Murdock, VOA - 1/13/16

EU Foreign-Policy Chief Says Iran Sanctions To End Soon; President Rohani Predicts 'Economic Boom'

- The European Union foreign-policy chief said she expects economic sanctions against Iran to be lifted soon. Federica Mogherini, speaking to reporters in Prague, said there was no date set yet but that "the implementation of the agreement is proceeding well." - 1/12/16

Was Iran's Claim About Ramping Up Oil Production Just Hype?

- Low oil prices and increased risks in investing in Iran are forcing the country to tread its waters very carefully -Dalan McEndree, TIME - 1/12/16

Iran opens $6 billion gas operations

- Iran brings online two more operations in its biggest gas field, marking the opening of the first such project all carried out by domestic entities in the face of Western sanctions. President Hassan Rouhani attended inauguration of phases 15 and 16 of the South Pars field in Asaluyeh on Monday along with other senior officials, including his Petroleum Minister Bijan Zangeneh. - 1/11/16

Iran approves imports of Chevrolets

- Iran said on Sunday that it has issued the authorization for imports of automobiles produced by the American carmaker giant Chevrolet. The announcement has been made by the Trade Promotion Organization of Iran which says two of the company's models - Chevrolet Trax and Chevrolet Aveo - have received the required licenses to be imported into Iran. Both models are subcompact cars and are currently assembled in South Korea. - 1/11/16

World Bank expects Iran's economic growth to hit 5.8% in 2016

- The World Bank has forecast a major growth rate of 5.8 percent for the Iranian economy in 2016 as the country starts to benefit from the economic gains that the removal of multiple year sanctions is expected to bring about. - 1/8/16

Danish FM in Iran for 'win-win' exchange with Tehran

- Denmark seeks to increase its economic exchange with Iran and looks forward to a win-win trade with the Islamic Republic, says Danish Foreign Minister Christian Jensen. The top Danish diplomat made the comments on Tuesday in Tehran at a gathering on the promotion of trade between the two countries - 1/5/16

Iran, Emerging From Sanctions, Faces Crisis After Saudi Arabia Embassy Attack

- When a Saudi state executioner beheaded the prominent Shiite dissident Sheikh Nimr al-Nimr on Saturday, the Shiite theocracy in Iran took it as a deliberate provocation by its regional rival and dusted off its favored playbook, unleashing hard-liner anger on the streets. Now, Iranian leaders are suddenly forced to reckon with whether they played into the Saudis' hands, finding themselves mired in a new crisis at a time they had been hoping to emerge from international sanctions as an accepted global player. -Thomas Erdbrink, NY Times - 1/5/16
Trending Now

The United States and Iran: Sanctions, Wars and the Policy of Dual Containment

© Copyright 1997-2014 NetNative (All Rights Reserved)
In case of problem with links, use alternate news page
If you are using a PDA, a shorter version of the news page is also available