Payvand Iran News:
Business, Economy...
Khordad 6 1395
May 26 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

Directory
Iran Business Source
Iran Travel Source
Directory
Fale' Hafez


Media

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

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

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


US Lawmakers Ask: Is White House Catering to Iran?

- Nearly a year after world powers announced the historic Iran nuclear deal, and four months after the agreement was implemented, U.S. lawmakers remain deeply skeptical of the deal and its broader implications. -Pamela Dockins, VOA - 5/26/16

Can OPEC Agree on Oil Production Policy?

- The fall in the price of oil from $115/barrel in mid-2014 to $27/barrel this year has had a devastating impact on petro-states all over the world. Whereas the Kingdom of Saudi Arabia, the world's top oil producer and exporter, cut production in the 1980s to raise oil prices, officials in Riyadh have been determined to avoid a repeat of this experience, which cost Saudi Arabia market share. Yet the kingdom has paid a major price for this geopolitically motivated oil production policy... -Alex Stout - 5/26/16

End of an Art Form? The Persian Rug May Not Be Long for This World

- For centuries, Iran's famed carpets have been produced by hand along the nomad trail in this region of high plains around the ancient city of Shiraz... But high-quality production of hand-woven carpets is no longer sustainable on the migration route of the nomads, said Hamid Zollanvari, one of Iran's biggest carpet makers and dealers. -Thomas Erdbrink, NY Times - 5/26/16

Austria's Oberbank and Raiffeisen Bank connected to Iran market

- A senior Iranian trade official says Austria's Oberbank and Raiffeisen Bank International (RBI) are now connected to Iranian banks. Tehran Chamber of Commerce Chairman Masoud Khansari said that the two Austrian banks have started opening letters of credit (LCs) for Iranian businesses, facilitating trade transactions between the two countries. - 5/26/16

Saudi Arabia Has a Plan B to Try to Stop Iran's Economic Rise

- Saudi Arabia couldn't stop the Iran nuclear deal from being signed. Plan B is to limit Iran's ability to reap its benefits. The kingdom is mobilizing its Gulf allies to make sure that, more than four months after the lifting of sanctions on the Islamic Republic, Iran's opening-up to the global economy doesn't go smoothly. -Bloomberg - 5/26/16

Iranian appetite for German goods prompts surge in first-quarter exports

- German exports to Iran, especially of machines and equipment, rose significantly in the first quarter following the removal of international sanctions against the Islamic Republic, government data showed on Thursday. -Reuters - 5/26/16

U.S. Examining Whether Indian Port Deal With Iran Violates Sanctions

- U.S. senators have questioned whether India's deal to develop a port in Iran violates international sanctions, and the State Department said it is examining the question. "We have been very clear with the Indians [about] continuing restrictions on activities with respect to Iran," Assistant Secretary of State Nisha Desai Biswal told the Senate Foreign Relations Committee on May 24. - 5/25/16

World Bank to award loans to Iran's SMEs

- Iran said on Tuesday that it has started preliminary talks to obtain loans worth a total of at least $1.5 billion from the World Bank for the country's small and medium-sized enterprises (SMEs). - 5/25/16

Iran working on new transit link to EU

- Iran says it is working on a new combined transit route that would link its southern port city of Bandar Abbas to Europe through CIS countries. Officials in Tehran said on Tuesday that the country is working on a plan to create a combined transit route that would pass through its territory as well as several Central Asian countries before reaching Europe. - 5/25/16

India Cements Role in Iran with Chabahar Deal

- Indian prime minister Narendra Modi made his first-ever visit to Iran on Sunday. It was also the first visit by an Indian head of state since the Iranian nuclear deal last year. Topping Modi's agenda were two key agreements-the trilateral transit pact between India, Iran and Afghanistan and the bilateral contract between India and Iran on the first phase of development of the Chabahar port. -Sumitha Narayanan Kutty - 5/24/16

Iran, India agree to expand relations: President Rouhani

- Heading a high-ranking delegation, Modi arrived in the Iranian capital on Sunday. The Indian prime minister was accorded an official welcome in Tehran at the start of a two-day visit to make a case for India's space in Iran's market following the lifting of sanctions. - 5/23/16

Iran, India, Afghanistan sign Chabahar transit agreement

- Iran, India and Afghanistan sign a key trilateral deal, known as the Chabahar agreement, to establish a strategic transit and transport route connecting the three countries. The agreement was signed in the presence of Iranian President Hassan Rouhani, Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani in the Iranian capital of Tehran on Monday. - 5/23/16

Convention on the Legal Status of the Caspian Sea and positions of Iran

- The Caspian littoral states (Iran, Russia, Azerbaijan, Turkmenistan and Kazakhstan) have been working on a document called "draft convention on the legal status of the Caspian Sea" for the last several years in numerous meetings at various levels including the summit conferences of the heads of states and governments. They have not yet succeeded to reach a consensus on all important articles of such a document which are related to the criteria for delimitation of the Caspian Sea. -Bahman Aghai Diba - 5/23/16

India PM in Tehran to strike agreement on Chabahar Port development

- Indian Prime Minister Narendra Modi has arrived in the Iranian capital Tehran at the head of a large delegation to boost economic and political ties with Tehran. Modi landed in Tehran on Sunday for a two-day visit with Iranian officials. He was welcomed by Iran's Economy Minister Ali Tayebnia at Tehran's Mehrabad Airport. - 5/22/16

Tehran Calls On U.S. To Encourage Investment In Iran

- Iran's foreign minister has called on the United States to encourage investors to engage with Tehran. Speaking at a news conference in Tehran a day after Western powers said they back legal business with Iran, Foreign Minister Mohammad Javad Zarif said that "more serious and concrete actions must be taken" by the United States to spur investment in Iran. - 5/22/16

US, Europe to Clear Up Rules for Doing Business with Iran

- The United States and three key European allies -- Britain, France, and Germany -- say they want to eliminate any confusion about what investment and business deals with Iran are permitted after the nuclear deal. -Ken Schwartz, VOA - 5/20/16

Why the Iranian Nuclear Deal Is at Risk of Unraveling

- Today, nearly six months after the deal was implemented, Iran is still waiting for those benefits. The country can't access most of the estimated $100 billion it holds in foreign banks. The reason: U.S. laws, which weren't included in the nuclear deal, are still highly restrictive. -Jonathan Broder, Newsweek - 5/20/16

Lawyers say OFAC not clearing Iran sanctions ambiguities

- Criticisms are rising against the US Treasury Department for what lawyers say is its failure to clear up the ambiguity caused by a maze of overlapping sanctions and exemptions over Iran trade issues. At the center of criticisms is the Department's Office of Foreign Assets Control, known as OFAC. - 5/19/16

Iran's oil exports at highest level since 2012

- The latest market figures show that oil exports in April reached the highest level in over four years - a yet another indication that the country is regaining the share of the market it lost as a result of the sanctions at a faster pace than expected. - 5/19/16

Iranian-Turkish Businessman Seeks Bond in Sanctions Evasion Case

- WASHINGTON- Lawyers for an Iranian-Turkish national arrested in March on charges of conspiring to evade U.S. sanctions against Iran have asked a federal court to set a $50 million bond for his release until trial. Reza Zarrab is one of three people charged in what prosecutors allege was a five-year scheme involving millions of dollars in transactions on behalf of the Iranian government and businesses. -Chris Hannas, VOA - 5/19/16

Iran's Government and Revolutionary Guards Battle for Control of Economy

- President Hassan Rouhani wants to make way for foreign deals and investment by limiting the business role taken on by the Revolutionary Guards when sanctions isolated Iran. -WSJ - 5/19/16

President Rouhani: Croatia can be gateway to Iran's ties with Europe

- "Croatia can be the gate of our relations with the European Union due to historical and cultural commonalities between the two countries and its geographical status," Rouhani said during a press conference with Croatian President Kolinda Grabar-Kitarovic in Tehran. - 5/18/16

IMF Warns Iran Not To Rely Only On Oil Revenue To Boost Economy

- A top International Monetary Fund official warned Iran not to count on a big jump in oil revenue to boost its economy, but said it should seek other opportunities to re-engage with the global economy. "I speak here today at a pivotal moment for Iran's economy," said IMF Deputy Managing Director David Lipton in a speech at the Central Bank of Iran on May 17 during a two-day visit to Tehran. - 5/18/16

IMF deputy director to meet high ranking Iranian officials

- The International Monetary Fund's second in command is to meet with the Governor of the Central Bank of Iran Valiollah Seif, Iran's Oil Minister Bijan Zangeneh, and other senior officials. The IMF's First Deputy Managing Director David Lipton, who arrived in Tehran on Sunday, is also set to meet private sector representatives, bankers, academics and students during his two-day visit. - 5/16/16

Iran's Pasargad wants to become 'global bank'

- Pasargad Financial Group, which owns Iran's second largest bank, is considering selling its shares in energy entities in a sign of improving business environment. Iranian banks made inroads into a number of non-banking fields, such as real estates, industry and energy when the most stringent sanctions in 2012 shriveled the economy. - 5/14/16

Where Iran Sanctions Relief Falls Short

- Over the last few weeks, the debate about supposed U.S. obstruction of sanctions relief has reached a fever pitch. Secretary of State Kerry has brushed off criticism from Europe and Iran, making it clear that the US stands by its obligations under JCPOA. He has stated that US sanctions are used as "an excuse" to hide the fact that some European companies "don't want to do business or they don't see a good business deal." -Esfandyar Batmanghelidj - 5/13/16

Banks Still Wary Of Doing Business With Iran Despite U.S. Urging

- Some of the top European bankers who met with U.S. Secretary of State John Kerry to hear assurances that they can resume business with Iran still have no plans of doing so. Britain's Standard Chartered bank, which, along with France's BNP Paribas, has been fined billions of dollars for breaking U.S. sanctions against Iran in the past, issued a statement after the meeting on May 12, saying it hasn't changed its plans. - 5/13/16

Kerry Reassures Top Bank Executives On Doing Business With Iran

- Kerry told the meeting of European bank executives in London on May 12 that lenders will not be penalized for doing legitimate business with Iran because most global sanctions have been removed under Tehran's nuclear deal with world powers. - 5/12/16

Kerry To Meet With London Bankers On Doing Business With Iran

- U.S. Secretary of State John Kerry will meet with top bankers in London on May 12 to reassure them that the United States will not stand in the way if they want to do business with Iran. He contended that some banks have used remaining U.S. sanctions on Tehran as an "excuse" to not venture into Iran, despite their ability to do so now that most global sanctions have been removed under Tehran's nuclear deal with world powers. - 5/11/16

Iran to sue US for assets seizure at The Hague: President Rouhani

- President Hassan Rouhani says Iran will soon lodge a complaint against Washington with The Hague over a US court ruling that paves the way for the use of billions of Tehran's frozen assets. "The government will never allow for the money that belongs to the Iranian nation be easily gobbled up by the Americans," he told a large crowd in the southeastern city of Kerman on Tuesday. - 5/10/16

Foreigners can purchase 100% shares of Iranian state-run firms: Official

- Deputy Head of Iranian Privatization Organization (IPO) Davoud Khani announced that his organization is ready to transfer 100 percent of the shares of state-run firms to foreign investors without any limit, IRNA reported on Sunday. - 5/9/16

The Viability Of Central-South Asian Energy Projects

- The groundbreaking ceremony for the Central Asia-South Asia electricity transmission project, known as CASA-1000, is scheduled for May 12 in the Tajik capital, Dushanbe. The leaders of Afghanistan, Kyrgyzstan, and Pakistan are coming to join Tajik President Emomali Rahmon for the event. -Bruce Pannier, RFE - 5/9/16

U.S. Sanctions Still Hinder European Business with Iran

- Frustration was palpable at a conference this week in Switzerland on European business with Iran. The continued hangover of United States sanctions that prevent Iranian access to the U.S. financial system - and bankers' fear of punitive new fines - are inhibiting the mega deals that many Iranians and Europeans anticipated would follow implementation of a landmark nuclear deal. -Barbara Slavin - 5/8/16

Despite Election Gains, Fragile Nuclear Deal a Test for Iran's Leaders

- Foreign business leaders have descended on Iran this year, eager to jump-start deals worth billions of dollars as international sanctions against Tehran are lifted, under last year's agreement to set limits on Iran's nuclear program. For Iranian President Hassan Rouhani, who consolidated his support in the final round of parliamentary elections last week, it's a sign that the nuclear deal, his premier accomplishment to date, is working. -Heather Murdock, VOA - 5/5/16

51 Million Euro of Iranian Firm's Shares Sold Via SWIFT

- Iran says a foreign company has purchased 30 percent of one of its leading detergent producing brands for a total value of around 51 million through SWIFT - what is already seen as a breakthrough move in the country's stock market. - 5/5/16

Iran Bans American Cars After Critical Speech By Khamenei

- Tehran's new ban on such imports was imposed on May 1 after a speech by Khamenei on April 27 questioning why Iranians should drive American cars at all. "Americans themselves don't use U.S.-made cars," Khamenei said. "We have seen this reflected in American media. They argue that fuel consumption is high and the cars are heavy." - 5/5/16

South Korea offers Iran $25bn in loans

- South Korea's President Park Geun-hye said on Tuesday that her country had prepared a package of loans worth a total of $25 billion for the development of Iran's infrastructure projects. President Park, who was speaking in a joint meeting of Iranian and South Korean traders in Tehran, expressed hope that Iran would be able to exploit the loan package efficiently. - 5/4/16

Iran bans imports of American cars

- Iran's Minister of Mine, Industries and Trade Mohammad-Reza Nematzadeh has ordered to stop imports of US-made cars into the country, thus preventing a cargo of Chevrolets from entering into the country. - 5/4/16

3rd Europe-Iran Forum opens in Zurich

- The 3rd Europe-Iran Forum opened on Tuesday in Zurich, Switzerland. The 2-day event offers a new and innovative program designed to balance high-level networking opportunities with panels and industry-focused workshops of real practical value. - 5/4/16

Major rise in Iran's imports from Russia

- Iran's media on Monday reported a major rise of above 400 percent in imports by Iran from Russia in March. ISNA news agency in a report announced that the value of Iran's imports from Russia in March stood at $132 million. It said the figure marked a significant rise compared to the same period last year. - 5/3/16

Iran prepared to attract foreign investment: President Rouhani

- President Hassan Rouhani says there is suitable ground for foreign investment in Iran as he received his South Korean counterpart Park Geun-hye in Tehran. President Park was accorded an official welcome in Tehran on Monday on the first day of her three-day visit, heading South Korea's biggest-ever traveling business delegation of over 230 executives. - 5/2/16

Seven Reasons Iran Could Become An Entrepreneurial Powerhouse

- The headlines about Iran's economy have faded, but the momentum hasn't. The $400 billion economy, the second largest in the Middle East after Saudi Arabia, is expected to grow by almost 7% next year, according to the World Bank... "In the last three years, more than 200 startups have formed in Iran. A movement has begun. It's accelerating." -Elizabeth MacBride, Forbes - 5/2/16

South Korea President Arrives In Tehran For Historic Visit

- Park Geun-hye has arrived in the Iranian capital Tehran for a historic visit to strengthen political and economic relations between the two countries. Park landed in Mehrabad Airport on Sunday for a three-day official visit together with representatives from some 236 South Korean companies and organizations. She was welcomed by Iran's Industry, Mines and Trade Minister Mohammad Reza Nematzadeh. - 5/1/16

Iranian workers cry out against job insecurity

- The head of Iran's Workers' House opened Workers' Day events by speaking of the lack of job security for hundreds of thousands of Iranian workers. Iranian workers marked International Workers' Day one day early, on April 30, with thousands of workers joining the march, Iranian media report. - 5/1/16

UN Ready To Help On Iran Assets Dispute With U.S. If Both Sides Ask

- The UN says that Secretary-General Ban Ki-moon is ready to help settle a dispute between Iran and the United States over Tehran's frozen assets if both sides ask for his assistance. - 5/1/16

German firms cite troubles in Iran deals

- German industries on Thursday refreshed complaints that obstacles are still hampering a smooth business with Iran even though the international sanctions that had kept them away from the Iranian market were effectively lifted in January. - 4/29/16

Iran Asks UN Chief To Intervene To Prevent U.S. Diversion Of Funds

- Iran has asked the United Nations to intervene to prevent the United States from diverting $2 billion in frozen funds to victims of terrorism under a U.S. Supreme Court ruling. Iran's Foreign Minister Javad Zarif wrote to UN Secretary-General Ban Ki-moon on April 28, asking him to convince the United States to stop what he said would be a violation of state immunity. - 4/29/16

U.S. Arrest Awakens Ghosts Of Turkey's Iran-Gold Scandal

- Reports of shoe boxes stuffed with $4.5 million in cash hidden in the home of a Turkish state bank head, plus a money-counting machine in the bedroom of a government minister's son. And allegations that state funds are being used illegally to buy and funnel gold to Iran to help it evade international sanctions over its nuclear program. Welcome back to 2013, when Turkey was rocked by a corruption scandal that implicated some of the closest associates of then-Prime Minister Recep Tayyip Erdogan. Charles Recknagel, RFE/RL - 4/29/16

Gold Trader Pleads Not Guilty To Helping Iran Evade U.S. Sanctions

- A Turkish gold trader pleaded not guilty to charges that he conspired to conduct hundreds of millions of dollars in financial transactions to help the Iranian government evade U.S. sanctions. Reza Zarrab, a dual citizen of Turkey and his native Iran, entered the plea at a hearing before Judge Richard Berman in U.S. District Court in Manhattan. He was arrested last month in Miami. - 4/28/16

Terror Payout Latest Challenge to U.S.-Iran Reconciliation

- Chances for a more constructive U.S.-Iran relationship in the aftermath of a landmark nuclear deal are eroding with new disputes over missiles, Iran's access to its assets in foreign banks and now a Supreme Court judgment allowing distribution of $2 billion in Iranian government money to relatives of U.S. victims of alleged Iran-backed terrorism. -Barbara Slavin - 4/27/16

Iran's Foreign Exchange Reserves Surges: IMF

- The International Monetary Fund (IMF) has pointed to a significant rise in Iran's foreign exchange reserve. In its latest World Economic Outlook report, the IMF said the Iranian reserve of foreign exchange rose by 14.3 billion dollars in 2015, registering a record of 125.9 billion dollars. - 4/27/16

Iran's Chabahar port to harbor Chinese industrial town

- The Iranian city of Chabahar is all set to host a Chinese-built industrial town as part of China's role to develop Iran's sole ocean port. A technical team of CMI of China visited Chabahar in Iran's southeastern province of Sistan-Baluchestan on Tuesday for the launch of the Chinese industrial town project, according to IRNA. - 4/27/16

US seizure of USD 2 billion in Iranian assets highway robbery: FM Zarif

- Iran says the seizure of around $2 billion in frozen assets recently authorized by a US court ruling is "highway robbery," vowing that the Islamic Republic will retrieve the sum anyway. "It is a theft. Huge theft. It is highway robbery. And believe you me, we will get it back," Foreign Minister Mohammad Javad Zarif told The New Yorker in an interview published on Monday. - 4/26/16

Iran Nuclear Deal at Risk

- Concern has recently grown over the ultimate sustainability of the Iran nuclear accord. Having withstood the full-frontal attack of congressional hawks last summer, the Obama administration faces the challenge of securing the agreement's viability beyond its own tenure in office. -Tyler Cullis - 4/26/16

U.S. Sanctions Spite Europe, Not Just Iran

- Evidence continues to mount on how lopsided has been the implementation so far of the Joint Comprehensive Plan of Action, a.k.a. the Iran nuclear agreement, with Iran's rigorous carrying out of its obligations regarding its nuclear program being unmatched by the sort of financial and commercial opening to Iran that was a fundamental part of the bargain that was struck. -Paul R. Pillar, LobeLog - 4/26/16

Bombardier to set up own airline in Iran: Report

- Canada's global aviation firm Bombardier is reportedly planning to launch its own airline in Iran - a groundbreaking move that could help boost air trips between Iran and Northern America. - 4/25/16

South Africa's trade with Iran to rise to $8B: President Zuma

- South Africa's President Jacob Zuma said in Tehran on Sunday that his country plans to increase the volume of trade with Iran to as high as $8 billion by 2020. Zuma told a meeting of Iranian and South African businessmen that the figure had been agreed on in his meeting with Iran's President Hassan Rouhani earlier in the day. - 4/24/16

Kerry Says U.S. Won't Block Foreign Firms Doing Business With Iran

- "The United States is not standing in the way, and will not stand in the way, of business that is permitted in Iran since the [nuclear deal] took effect" in January, Kerry said on April 22 before meeting with Iranian Foreign Minister Mohammad Javad Zarif in New York. - 4/23/16

US to Buy Iranian Heavy Water as Part of Nuclear Deal

- STATE DEPARTMENT-The United States is purchasing 32 tons of a key component in the development of atomic weapons from Iran, in a bid to help Tehran implement provisions in the landmark nuclear deal. The U.S. Energy and State departments confirmed Friday the purchase of heavy water, which can be used to produce weapons-grade plutonium. -Pamela Dockins, VOA - 4/23/16

Iran backs any move to stabilize oil market: Zangeneh

- Minister of Petroleum Bijan Zangeneh says Iran will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production. Zangeneh told reporters on the sidelines of a meeting with his South African counterpart in Tehran on Saturday that the meeting between OPEC and non-OPEC producers in Doha was a "good step." - 4/23/16

U.S. Congressional Leaders Warn Kerry Over Moves To Help Iran

- U.S. congressional leaders warned Secretary of State John Kerry against going too far in his effort to help Iran realize the economic benefits of its nuclear accord with world powers. The warning came on the eve of an April 22 meeting between Kerry and Iranian Foreign Minister Mohammad Javad Zarif in New York that Kerry had said was aimed at addressing Iranian concerns that remaining U.S. sanctions are blocking economic relief for Tehran. - 4/22/16

Iran slams US Supreme Court ruling as money theft

- Iran has strongly condemned a ruling by the US Supreme Court granting some two billion dollars in frozen Iranian assets to the families of victims of a 1983 bombing in Beirut, saying it violates international law. - 4/22/16

Iranians May Soon Be Able to Make International Online Transactions

- A global payment service provider based in the U.S. has announced that it has made its platform available to Iranians, enabling them to make international online transactions, which was previously almost impossible. But a representative from the Central Bank of Iran reportedly denied the announcement, raising questions over whether the deal would be completed. - 4/21/16

Top US, Iranian Diplomats Confer on Sanctions Relief for Tehran

- U.S. Secretary of State John Kerry held talks Tuesday in New York with Iranian Foreign Minister Mohammad Javad Zarif, aimed at ensuring that Iran gets the sanctions relief promised in the landmark nuclear deal reached in January. - 4/20/16

Iranian crude output to reach pre-sanctions level by July

- A deputy to the Iranian petroleum minister says the country's crude oil production will reach pre-sanctions levels of 2011 within a couple of months. Tehran has expressed concern over market oversupply and low oil prices but also reiterated its right to regain pre-sanctions market level. - 4/20/16

Does the US Really Want Iran to Moderate Its Policies?

- Only three months after the Joint Comprehensive Plan of Action (JCPOA), the success of the nuclear deal with Iran already appears in doubt. The underlying reason is that those in the United States and Iran who opposed the agreement in the first place remain determined to sabotage it. -Shireen T. Hunter - 4/19/16

Iran, US at Odds Over Nuclear Sanctions Relief

- STATE DEPARTMENT-Iran's concerns about its perceived lack of sanctions relief and Syria's faltering political talks will be focal points for Secretary of State John Kerry when he sits down for talks Tuesday with his Iranian counterpart. - 4/19/16

Oil Price Falls In Asian Trading After Doha Talks Fail

- Russia's Energy Minster Aleksandr Novak said at the end of the April 17 Doha meeting that the Kremlin was not optimistic about an agreement to freeze production because of "heated debates" at the conference and "Iran's position." - 4/18/16

India Between Iran and Saudi Arabia

- Continuing tensions between Iran and Saudi Arabia and the subsequent deteriorating security situation challenge India's interests. Saudi-Iran tension and its impact in Yemen have forced India to evacuate thousands of its citizens from Yemen. Therefore, it is in India's interest to maintain an effective balance between the two countries, and both countries seem to understand that. -Fatemeh Aman - 4/18/16

Business Leaders around the World Call for an End to Iran's Closure of Baha'i Businesses

- In a signed statement addressed to Iran's supreme leader, 54 leading business people and economists from countries around the world asked Ayatollah Khamenei to stop the harassment and discrimination against Baha'i business owners in Iran. - 4/18/16

Nail Polish and Mascara - Beauty Brands Eye up Iran

- When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and skepticism among image-conscious young Iranians. Despite - or perhaps partly because of - strict Islamic dress codes, cosmetics sales in Iran are among the highest in the Middle East. -AP - 4/18/16

Iran-EU statement urges full commitment to JCPOA

- Iran and the European Union say last year's nuclear agreement reached between Tehran and the P5+1 group of countries has opened a new chapter in bilateral relations, urging all parties to fully carry out their commitments stipulated in the deal. - 4/16/16

Iran, Turkey must up anti-terror efforts: President Rouhani

- Iranian President Hassan Rouhani says Iran and Turkey have minor differences on certain regional issues but must boost cooperation in the campaign against terrorism. Rouhani was talking to to reporters in Ankara on Saturday after he and his Turkish counterpart Recep Tayyip Erdogan oversaw the signature of eight documents for cooperation. - 4/16/16

Iran sends OPEC governor to Doha oil freeze talks

- Iranian Petroleum Minister Bijan Zangeneh will not attend upcoming talks between OPEC and non-OPEC producers in Doha to find a solution to tumbling oil prices, but will send Iran's OPEC governor to the meeting. - 4/16/16

Unclear on US Rules, Banks, Corporations Wary of Doing Business in Iran

- Three months after the implementation of the Iran nuclear deal, banks and other corporations are wary of doing business in the country due to concerns over running afoul of U.S. sanctions, especially as U.S. lawmakers ponder a clampdown over Iran's missile development. -Luis RamirezT, VOA - 4/16/16
Trending Now




The Good Daughter: A Memoir of My Mother's Hidden Life


© 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