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Swedish firm finds novel way for Iran business

- A company in Sweden has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran. Brave New World Investments AB is reportedly accepting deposits in bitcoin which it converts to Iranian rial and invests in equities on the Tehran Stock Exchange (TSE). - 3/25/17

Iran, Russia eyeing joint gas projects

- Iran says it is negotiating with Russia to carry out joint natural gas development projects. Hamid-Reza Araqi, the managing director of the National Iranian Gas Company (NIGC), was quoted by media as saying that negotiations to the same effect had been held between the National Iranian Oil Company (NIOC) and Russia's Gazprom. - 3/25/17

New Senate Sanctions Risks Killing JCPOA, Putting US on War Path

- NIAC Action issued the following statement regarding the introduction of new Iran sanctions legislation in the Senate: "The 'Countering Iran's Destabilizing Activities Act of 2017' would risk killing the JCPOA and undoing the restrictions in place on Iran's nuclear program and could very well provoke a military confrontation between the U.S. and Iran... - 3/24/17

U.S. Senators From Both Parties Sponsor Bill Tightening Iran Sanctions

- U.S. senators from both major political parties introduced legislation on March 23 to tighten sanctions on Iran over its ballistic missile launches and other non-nuclear military activities. - 3/24/17

Luxembourg Court Rejects Iranian Demand To Return $1.2 Billion Frozen In U.S. Victim Case

- A Luxembourg court has rejected Tehran's demand to return $1.6 billion of Iranian assets claimed by the United States as compensation for the victims of the September 11, 2001, attacks. The judge ruled that the assets could remain frozen in Luxembourg for now, awaiting a separate judgment on the merits of the case. - 3/23/17

Bank of England reluctant to help facilitate Iran-UK trade

- While the British government has reaffirmed its commitment to help Iran's reintegration into the global financial system, reports say the country's central bank is still reluctant to facilitate trade between the two countries. - 3/22/17

Congress races to craft Iran sanctions bills ahead of AIPAC conference

- Key lawmakers in the House and Senate are racing to craft bipartisan Iran sanctions legislation before the nation's largest pro-Israel lobby holds its policy conference starting this weekend, March 26. -Julian Pecquet, Al-Monitor - 3/22/17

Iran: Supreme Leader Criticizes President Rohani On Economy Ahead Of Election

- Iranian Supreme Leader Ayatollah Ali Khamenei has said that the government's economic policies have fallen short and that Iran needs a new "resistance economy" to create jobs. Khamenei's March 20 remarks have piled pressure on Rohani ahead of an election in May. - 3/21/17

Iran Exports 80 Million Dollars Worth Of Carpets To U.S. In 11 Months

- Iran says it has exported $80 million worth of carpets to the United States over a period of 11 months starting March 21, 2016. Hamid Karegar, the president of Iran National Carpet Center, told local media that the exports had been mainly carried out directly from Iran to the US. - 3/21/17

US welcomes India's plan for Iran's Chabahar port

- The United States has welcomed India's plan to expand Iran's Chabahar port as a project that a top military official says will help the long-term stability of Afghanistan. US Army General John Nicholson, who commands US combat operations in Afghanistan, told the US Senate in a hearing that he welcomed the Chabahar project because it would offer Afghanistan a viable and economic alternative to shipping all its goods via Pakistan. - 3/17/17

Teachers Hold Rallies Across Iran for Labor and Education Rights

- Teachers held rallies in several Iranian cities on March 9, 2017 demanding livable wages and improved educational resources for students. "The rallies were held in front of the Ministry of Education offices in provincial capitals in collaboration with several teachers' organizations, and they included employed and retired teachers," - 3/15/17

Iran trade with Russia grew largest in 2016: Envoy

- Iran's trade with Russia saw the highest growth in 2016, says Iranian Ambassador Mohammad Sanai as the two countries are gearing up for President Hassan Rouhani's imminent visit to Moscow. "I believe this trend will be maintained in the next two or three years and bilateral trade volume will reach $10 billion," Russia's Rossiya Segodnya quoted him as saying on Wednesday. - 3/15/17

Hyundai wins major gas processing deal in Iran

- South Korea's industrial giant Hyundai has won a contract worth 3 billion Euros to develop a key gas processing unit which is primarily planned to produce natural gas liquids (NGL) from natural gas in southern Iran. - 3/14/17

Photos: 2nd Airbus plane purchased by Iran lands in Tehran

- A second airplane purchased by Iran through a major post-sanctions deal with the European aviation giant Airbus has landed in the capital, Tehran. The Airbus A330-200 took off from the French city of Toulouse on Saturday and landed at Tehran's Mehrabad International Airport later in the day. - 3/11/17

Germany's Linde CEO says banking issues delaying Iran plans

- German industrial gases group Linde says it has revived plant-engineering contracts in Iran but cannot work on them due to banking problems that obstructed transferring money out of the country. Linde - which was previously reported to be considering a major investment in Iran's petrochemical industry - announced that it had to wait to find a way to transfer money out of the country before proceeding with its Iran investment plans. - 3/11/17

Iran's Khamenei: Economic Progress Limited Despite Lifted Sanctions

- Iran's supreme leader criticized the country's slow pace of economic recovery on Thursday despite the lifting of sanctions and called on President Hassan Rouhani's government to champion greater self-sufficiency, state TV reported. Ayatollah Ali Khamenei's criticism comes ahead of Iran's presidential election in May, when the pragmatist president is expected to seek re-election. -Reuters - 3/10/17

Luxembourg court rejects US bid to freeze Iran assets; Washington appeals: CBI Chief

- The governor of the Central Bank of Iran (CBI) says a Luxembourg court has rejected the US efforts to freeze $1.6 billion of Iranian assets in the European country, adding that Washington has appealed the ruling. - 3/9/17

Sarava the Iranian VC Has Raised $200M of Foreign Investments

- Sarava the Iranian VC has raised $200M of foreign investments so far. Sarava is one of the pioneer VCs in Iran and has more than 30 companies in its portfolio. Sarava was established in 2011 when there was not much of a hype and interest in startups, especially in e-commerce. -MohammadReza Azali, Techrasa - 3/9/17

US effort to seize Iran's assets in Luxembourg illegal: Official

- A senior official with the Central Bank of Iran (CBI) says US efforts to seize $1.6 billion of Iran's assets in Luxembourg run counter to the international laws and will bear no fruit. CBI Legal Chief Executive Ardeshir Fereydouni made the remarks on Tuesday in reaction to a Monday report by the New York Times about a confidential court ruling by a Luxembourg court to freeze $1.6 of CBI assets in a financial institution in the European country. - 3/8/17

Eurasian Economic Union agrees to form free-trade zone with Iran

- The prime ministers of the Eurasian Economic Union (EAEU) have signed a directive ordering preparations for a temporary agreement on forming a free-trade zone with Iran. The Eurasian Intergovernmental Council members held a meeting in the Kazakh capital of Bishkek on Tuesday with the presence of Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia. - 3/8/17

Americans can now open bank accounts in Iran

- Iran says it has been informed by Washington that US nationals can have bank accounts in the Islamic Republic. The announcement was made by a top official at the Central Bank of Iran (CBI), as reported by the domestic media. - 3/7/17

Iran retailers feel cornered by foreign brands

- Small shops, department stores and supermarkets in Iran are feeling the heat from big retailers in neighboring countries and beyond menacingly making their presence felt at a pace never seen before. Hypermarkets and mass merchandisers from Turkey, UAE, and Europe are capitalizing on dramatic shifts taking place in the Iranian market as customers are endearing to mass-premium brands. - 3/6/17

French Economy Minister calls for normalization of banking ties with Iran

- French Economy Minister Michel Sapin said relations between Iran and France have considerably developed over the past few months, adding: "Financial circuits however need to be normalized. It's our aim, our will-even if it can't be done in a day." Spain made the statements after meeting his Iranian counterpart Ali Tayebnia in Tehran. - 3/5/17

Azerbaijan and Iran launch rail link

- Concurrent with the visit of Azerbaijani President Ilham Aliyev to Tehran, the 10-kilometer Astara (Iran)-Astara (Azerbaijan) railway line project began its trial operation successfully on Sunday. With the commissioning of this railroad as well as the completion of Rasht-Astara railway line project, the Islamic Republic of Iran will be connected to Europe's rail network via Azerbaijan, and Azerbaijan will get direct access to the Persian Gulf. - 3/5/17

US thwarts Europe investment in Iran: Paper

- The US government has thwarted many funding projects and deals in Iran during the past months, a London-based daily says. Citing European banks' sources, Asharq al-Awsat said many visits by European delegations to Tehran since the lifting of sanctions on Iran in January 2016 had failed to bear fruit. - 3/4/17

Iran regaining OPEC's market share

- The recent reports indicate that the Islamic Republic of Iran has already been able to escalate its oil exports to levels that existed before sanctions were imposed on the country in 2011. Iran's exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011. - 3/2/17

Iran's President Rouhani Speaking at ECO Summit says the world economy's heart to beat in Asia

- Iran says Asia is to take the lead from the rest of the world in economic supremacy from the second half of the 21st century onward. "The world economy's heart is to beat in Asia from the second half of the present century," President Hassan Rouhani said at the Economic Cooperation Organization (ECO)'s 13th plenary session in Pakistan's capital Islamabad on Wednesday. - 3/1/17

IMF hails Iran's post-sanctions economic performance

- The International Monetary Fund (IMF) has hailed Iran's ability to achieve what it has described as an impressive economic recovery after the removal of multiple-year sanctions against the country. - 2/28/17

Iran MPs pass legislation in response to Trump travel ban

- Iranian lawmakers have added a new article to the proposed budget bill for the next fiscal year (starting March 21, 2017) to attract investment by the country's nationals living in the United States. - 2/27/17

Iran's petrochemical exports hit $10B in 11 months

- Marzieh Shah-Daeihead, CEO of Iran's National Petrochemical Company (NPC), while pointing to imminent operation of five new petrochemical projects, said a total of 19 million tons of petrochemical products worth 10 billion dollars were exported in the past 11 months. - 2/27/17

Total in talks to buy Iranian LNG project: sources

- Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves. The French oil major -- the first of its peers to strike deals in Iran after sanctions -- seeks entry into Iran LNG at a discount to the pre-sanctions price in exchange for reviving the stalled project, two sources with knowledge of the matter said. -Reuters - 2/27/17

US receives first caviar cargo from Iran after sanctions eased

- Deputy Minister of Agriculture and Head of Iran Fisheries Organization Hassan Salehi noted that Iran's first cargo of farmed caviar had arrived in US markets in the previous week adding "despite several years of hiatus in caviar exports to America, a new and large market is forming in North America given high consumption rates of fisheries." - 2/24/17

Iran will be one of the most powerful economies in the world by 2050

- By 2050, the world is likely to have changed drastically from what we know now, and the planet's economic and financial landscape will be no exception, Business Insider reported. A report from professional services giant PricewaterhouseCoopers (PwC) looks at which economies around the world will be the biggest and most powerful in 33 years time. - 2/24/17

Russia wants to produce Ilyushin planes in Iran

- Russia's Energy Minister Alexander Novak was quoted by Iran's domestic media as saying that he had presented the proposal - which involved the production of the renovated version of the Ilyushin Il-114 regional planes - in his meetings with Iranian officials in Tehran over the past few days. - 2/24/17

Iran Announces Deal To Provide Russia With Oil In Swap For Cash, Goods

- Iran said it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in goods and services, Iranian news media reported on February 21. - 2/22/17

France's imports from Iran up 45 folds in 2016: Eurostat

- The value of France's imports from Iran rose 45 folds to reach 1.348 billion Euros in 2016 from 30 million Euros in 2015, based on the latest figures released by the European Union's statistics agency Eurostat. - 2/22/17

Eurostat figures show Iran-EU trade up 78% in 2016

- The European Union's trade with Iran amounted to 13.7 billion Euros in 2016, a 78 percent rise compared to 2015, based on the latest figures released by the European Union's statistics agency Eurostat. The figure was 7.68 billion Euros in 2015, Tasnim news agency reported. - 2/21/17

Iran, Iraq Initialize Plans For Oil Sector Cooperation

- The governments of Iraq and Iran have signed a memorandum of understanding about conducting a joint study for a possible pipeline to export oil through Iran from Iraq's Kirkuk region. The oil ministers of the two countries signed the memorandum in Baghdad on February 20. - 2/21/17

Iran's carpet exports to U.S. go from zero to millions

- About $69 million worth of Iranian carpets were exported to the United States during the first 10 months of the current Iranian calendar year, ended on January 19, while the figure was zero in the entire preceding year, ISNA quoted Hamid Kargar, the head of Iran's National Carpet Center, on Wednesday. - 2/18/17

Iran Needs Billions to Upgrade Gas Fields, But Will Investors Invest?

- Iran sits on what are thought to be the world's largest gas reserves, yet can barely supply its own domestic demand. Since the United Nations-backed deal over Tehran's nuclear program spurred the lifting of international sanctions, the country has strived to attract foreign investment in developing oil fields and upgrading its aging infrastructure. -Henry Ridgwell, VOA - 2/17/17

EU reports huge rise in Iran steel imports

- The European Steel Association - Eurofer - has reported a significant rise in Iran's exports of steel to Europe, saying the country is now the third biggest exporter to the continent after China and India. - 2/17/17

Iran: Trump Stance Won't Derail Foreign Investment in Oil, Gas

- Iran's deputy minister for petroleum says the hawkish stance taken by U.S. President Donald Trump on the Iranian nuclear deal is a "passing hiccup" that should not affect foreign investment in the country's energy sector. Amir Hossein Zamaninia made the remarks Wednesday at the CWC Iran LNG and Gas Partnerships Summit in Frankfurt, Germany. -Henry Ridgwell, VOA - 2/16/17

The Best Way of Dealing with Iran: Capitalism

- Like many previous US administrations over the past four decades, the Trump presidency's Middle Eastern policy seems to be coalescing into the trusty "pro-Israel and anti-Iran" channel. That's hardly surprising, given that it has been the comfortable Washington consensus--indeed almost the only idea in town--for so long. -James Spencer, LobeLog - 2/16/17

PHOTOS: Tehran International Auto Show Kicks Off Hosting 200 Automakers

- Tehran International Exhibition of Automobile and Related Industries (Tehran Auto Show) became operational at Shahr-e-Aftab International Exhibition Center on Tuesday hosting giant Iranian and foreign automakers. Among the well-known car manufacturing companies it can be referred to Iranian carmakers Iran Khodro, Saipa and Pars Khodro as well as foreign companies including BMW, Scania, Volvo, Renault, Mitsubishi, MG, Hyundai, Toyota, KIA Motors, Nissan, MVM, Chery - 2/15/17

Iran, Luxemburg stress observance of nuclear deal

- Iran and Luxembourg have laid emphasis on the need for all the parties to a multilateral nuclear deal between Iran and six other countries to comply with their contractual obligations. President Hassan Rouhani of Iran and Luxembourg's visiting Foreign Minister Jean Asselborn stressed the importance of continued commitment to the deal on the part of the relevant parties during a meeting in the Iranian capital, Tehran, on Tuesday. - 2/14/17

Sukhoi near deal to sell Superjet 100s to Iran

- Iran says Russia's planemaker Sukhoi Civil Aircraft Company is moving closer to a deal to sell its Superjet 100 aircraft to the country. Maqsoud As'adi Samani, the secretary of the Association of Iranian Airlines, was quoted by the domestic media as saying that Sukhoi had already started technical talks to obtain a license from the US Treasury Department's Office of Foreign Assets Control (OFAC) to sell the planes to Iran. - 2/14/17

12 Iranian startups to attend CeBIT 2017 in Hannover, Germany

- Iran will participate in CeBIT exhibition as one of the leading events for IT and communication technology worldwide, slated for mid-March in Hannover, Germany. 12 Iranian startups will showcase their latest achievements at a special hall designated for startup companies during the 5-day event from 20th March to the 24th March 2017 at the Hannover Congress Centrum in Hannover, Germany. - 2/13/17

Global automakers gather in Tehran

- Major European and Asian automakers have participated in the 4th Iran Automotive Industry International Conference (IAIIC) which was inaugurated in Tehran on Sunday. In addition to Peugeot Citroen, Scania, and Renault, some other automobile and auto part manufacturers from Turkey, Germany, Spain, Italy, Japan, South Korea, and China are also taking part in the two-day event, IRNA reported. - 2/13/17

Iran's Auto Production Up 40 Percent Year-On-Year

- Iran says its production of automobiles has already seen an increase of around 40 percent over a period of 11 months starting 21 March 2016 compared to the same period in the previous year. Iran is the Middle East's largest auto market with a population of 80 million. The automobile industry is seen as Iran's biggest non-oil sector, accounting for nearly 10 percent of the country's gross domestic product (GDP). - 2/13/17

Iran discovers new oil fields with 30 billion barrels of oil: Official

- Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says. Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas. - 2/13/17

Iran, Sweden Initial Accords During Swedish Prime Minister's Visit

- Iran's supreme leader has told Sweden's Prime Minister Stefan Lofven that Sweden has a good reputation among Iranians and is seen by Tehran as a reliable economic partner. Ayatollah Ali Khamenei made the remarks to Lofven during a meeting in Tehran on February 11. During Lofven's visit, the two countries initialed accords on cooperation in science and technology, higher education and research, roads, telecommunications, and technology. - 2/12/17

Iran Oil revenues set to reach $45B-$50B in next fiscal year: Oil Minister

- Iranian oil minister has said that considering oil prices at $55 per barrels, the country's revenues from oil and gas condensate exports will reach $45-$50 billion in the next Iranian calendar year (March 21, 2017-March 20, 2018), IRNA reported on Saturday. - 2/12/17

Iran must be part of universal front against terrorism: Russia

- Russia has rejected allegations by the US that Iran sponsors terrorism, stressing that Tehran must be present in the anti-terror front. Russian Foreign Minister Sergei Lavrov made the remarks on Monday, noting that Iran has never had ties with terrorist organizations. - 2/7/17

US firms shut out of Iran oil tenders

- US companies stand no chance of participating in bidding for Iran's oil fields which the country plans to develop with international help, a senior official says. Iran's Deputy Petroleum Minister for Commerce and International Affairs Amir Hossein Zamaninia said Monday that US firms do not face any restrictions for work in the resource-rich country but American sanctions make such activities impossible. - 2/6/17

U.S. Treasury Department Announces New Sanctions Against Iran

- The U.S. Treasury Department has announced new sanctions against 13 people and 12 entities with ties to Iran, just days after Tehran conducted a new ballistic missile test. The sanctions, published on February 3, targeted Iranians and at least one Chinese national. The entities and companies are based in Lebanon, China, and the United Arab Emirates. - 2/3/17

Boeing's Iran deal in limbo after Trump ban

- The fate of a landmark deal for Boeing to sell 80 passenger aircraft to Iran has been thrown into doubt following President Donald Trump's executive order barring travel by Iranians to the US. Boeing announced a $16.6 billion agreement with the national carrier Iran Air in December, saying the orders were on course to support nearly 100,000 new jobs in the United States. - 2/1/17

Iran, France shore up trade, sign deals

- Iran and France took another step to boost cooperation in different fields of economy by signing five agreements at the end of a business forum in Tehran on Tuesday. The agreements included cooperation on developing Mashhad International Airport, establishing a bioethanol plant, expanding fish farms, and holding pilot training courses in Iran. - 2/1/17

Iranian Government Dismisses Death Of Kurdish Porters Accusing Them Of Smuggling

- The plight of Kurdish porters in the Western border regions of Iran has been highlighted once more by human rights activists with more avalanche fatalities. Red Crescent officials explain that the porters' only means of making a living is through carrying commercial goods on their backs through the border which is a rough terrain often hit by avalanches in the winter. - 2/1/17

U.S. tech without Iranian immigrants: No eBay, Oracle, Google, DropBox, Tinder

- Talented people in other countries don't disappear if we reject them. They'll shrug and move on to the burgeoning tech scenes of Europe and Asia, where they'll be greeted with easy funding, a low cost of living, fast Internet, vibrant communities, and exotic workspaces. Many American tech startups have even been flocking to these destinations of late. If we limit immigration, we'll be accelerating Europe and Asia's tech position while massively sabotaging our own. -Adam Ghahramani , Venture Beat - 2/1/17

Apple starts removing Iranian apps from online store: Report

- Apple has started removing apps originating in Iran from the App Store, pulling down the app of the biggest Iranian e-commerce service a few days ago, reports say. In September 2016, Apple started opening up its non-official App Store to Iranians but it has removed Digikala without providing any explanation. - 1/31/17

Iran's President Rouhani: Today, No Time of Building Walls Between Nations

- President Hassan Rouhani of Iran says today is not the age of building walls between countries. "Today is not the time of wall-raising between nations. Have they forgotten that the Berlin Wall collapsed years ago?" President Rouhani said in an apparent reference to US government officials, who have been planning to build a wall on the Mexican border. "[Even] if there is a wall between nations, it has to be removed," the Iranian chief executive said. - 1/28/17

Iran starts sending own oil tankers to Europe

- Reports say Iran has sent at least two supertankers to Europe in what appears to be the country's first direct shipment of crude oil to EU clients after the removal of sanctions last year. A report by the Financial Times said two giant vessels called 'Snow' and 'Huge' were already on their way towards the storage and trading port of Rotterdam. - 1/27/17

Iranian Oil Official Sees Potential For US Partnership Under Trump

- A senior Iranian energy official sees "a great potential for engagement and partnership in Iran for American companies" under US President Donald Trump. Trump, a property magnate who took office on Friday, has called the 2015 nuclear accord with Iran "the worst deal ever negotiated" and threatened to annul or renegotiate it - a scenario which Tehran has squarely rejected. - 1/25/17

Siemens gets major compressor order from Iran

- Iran's Hampa Engineering Corporation says it has put a major order with Siemens for 12 compressor trains for two onshore natural gas processing plants. The order volume is in the "high double-digit million euro range," with commercial operation expected by the end of 2018, the Iranian company said. - 1/25/17

Campaign aims to create jobs for vulnerable Iranian women

- A public campaign has been launched aimed at creating jobs for socially vulnerable women nearly two months before the new Iranian year starts on March 20. The campaign with the motto of "Presenting a job, as the new year's gift" is arranged by the Society of Awareness, Knowledge and Growth (Bavar NGO) to create job opportunities for the women who are the breadwinners of their families - 1/24/17

Iran regards tourism a fountain of wealth

- Iran regards tourism industry a source for generating wealth, and is seeking to make the best use of positive atmosphere created in the wake of the nuclear deal, known as JCPOA, signed in January 2016. - 1/20/17

PHOTOS: Iran's president test-drives electric car on National Clean Air Day

- On the sidelines of a cabinet session on Wednesday, Rouhani took a tour by some of his ministers to check the products of three knowledge-based companies manufacturing electric cars and motorcycles. The Iranian president was briefed on the capabilities and quality of the products, including the two-seat electric car Yooz, produced by the Islamic Azad University of Qazvin, as well as two electric motorcycles manufactured by two other research centers. - 1/19/17

Iranian Fashion Startup Breaks the Online Shopping Mistrust Through Events

- An Iranian online marketplace for fashion goods is organizing local events to showcase the works of Iranian designers and international brands. With these events, this startup aims to overcome the challenge with offline to online conversion and building trust and credibility for their customers. -Techrasa - 1/19/17

President Rouhani: JCPOA belied allegations against Iran

- Iranian President Hassan Rouhani says the historic deal over Iran's nuclear program and its implementation belied claims about the country seeking weapons of mass destruction and demonstrated the honesty and sincerity of the Islamic Republic. Rouhani made the remarks in a press conference attended by some 200 Iranian and foreign reporters in Tehran on Tuesday on the first anniversary of the implementation of the country's nuclear agreement with the P5+1 group of countries, known as the Joint Comprehensive Plan of Action (JCPOA). - 1/18/17

Iran, Germany sign agreement on expanding transport co-op

- Iran and Germany inked an agreement on the expansion of cooperation in rail, air and sea transportation. Based on the agreement, which was signed in Tehran at Monday night by Iranian Transport Minister Abbas Akhoundi and the visiting German Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt, the two sides agreed to set up a taskforce to develop mutual cooperation in different transportation areas. - 1/18/17

Russia gets multi-billion dollar Iran projects

- Under an agreement signed between the two sides, the Russians will improve efficiency at the Ramin power plant in Khuzestan province to 50-55% from 36% now, Alireza Daemi told the Mehr news agency on Wednesday. Another Russian company will build a 1,400-megawatt power plant in the Iranian city of Bandar Abbas in Hormuzgan province, he added. - 1/18/17

Iranian President Scrambles To Sell Nuclear Deal As A Win For Tehran

- Iranian President Hassan Rohani was riding a wave of optimism one year ago. The long-negotiated nuclear deal with world powers he had sold to Iranians as an end to their economic woes was finally being implemented. But as the first anniversary of implementation day approaches on January 16, Rohani has been saddled by the high expectations he set, as Iran's economy continues to struggle and the great boost in foreign investment and other benefits he envisioned has so far failed to materialize. -Frud Bezhan - 1/16/17

President Obama Renews Non-Nuclear Sanctions Against Iran For One Year

- In an executive order late January 13, Obama renewed the non-nuclear sanctions but affirmed the lifting of nuclear-related sanctions that occurred a year ago, saying Iran's 2015 nuclear accord with world powers has been successful. - 1/14/17

Could the world's most expensive spice help farmers in Vermont?

- Small farmers in the US state of Vermont are concerned traditional business won't sustain their farms, but see potential in an unlikely and very expensive spice. The snow-covered plains of Vermont are one of the last places you'd think saffron would grow. -Shirin Jaafari, BBC - 1/14/17

PHOTOS: 'Historic Day' as Iran's first Airbus jet lands in Tehran

- The first of 100 planes that Iran is expected to receive through a landmark deal with the European aviation giant Airbus has landed in the country's capital Tehran. The arrival of the plane - Iran's first new aircraft in about four decades - was marked by a special ceremony to celebrate what is seen as a historic day in the country's aviation industry. - 1/13/17



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