Payvand Iran News:
Business, Economy...
Ordibehesht 3 1396
April 23 2017
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
Fale' Hafez


Media

(Persian)
Shahrvand | Shargh | Ghanoon
Etemaad | Arman | Aftab
Alef | Ettela'at | donya-e eqtesad
Rooz Online | Hamshahri | Iran
Norouz | Kayhan | Resalat
Kayhan London | Salam Toronto
Norouz |
(English)
Iran Daily
| Tehran Times

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

Weather
Tehran | Mashhad | Tabriz
Abadan | Esfahan | Shiraz


Trump Adviser Seeks Political Deal To Settle Iran Sanctions Case

- A close ally of U.S. President Donald Trump is lobbying U.S. prosecutors to go easy on a man charged with helping Iran evade U.S. sanctions because he could be a potential bargaining chip in a political deal with Turkey. Rudy Giuliani, the former New York City mayor and Trump adviser, was hired recently to represent Reza Zarrab, a wealthy Turkish-Iranian businessman accused of arranging hundreds of millions of dollars' worth of financial transactions for Iran's government and businesses in violation of U.S. sanctions from 2010 to 2015. - 4/21/17

Samsung & Amirkabir University Launch Their Tech Center in Tehran

- Samsung, the Korean electronic giant has joined Amir Kabir University of Technology and launched Samsung-AUT Tech center in Tehran. Samsung Electronics the world's second largest information Technology Company by revenue, after Apple, invests at least 9% of its sales revenue in R&D activities according to their website. -Techrasa - 4/21/17

Iran-EU trade up 171% in January

- The European Union's trade with Iran amounted to 1.55 billion Euros in January 2017, a 171 percent rise compared to the first month of 2016, based on the latest figures released by the European Union's statistics agency Eurostat. The figure was 572 million Euros in January 2016, Tasnim news agency reported. - 4/20/17

Trump Orders Review of Iran Nuclear Deal

- Secretary of State Rex Tillerson revealed the review in a letter Tuesday to House Speaker Paul Ryan. Tillerson said that as of Tuesday, Iran is complying with its responsibilities under the Joint Comprehensive Plan of Action, which it agreed to in 2015 after negotiations with the U.S., Britain, France, China, Russia and Germany. - 4/19/17

Russia says trade with Iran to grow further in 2017

- Russia says it expects trade relations with Iran to grow further this year after increasing almost twofold in 2016. Alexander Maksimov, the honorary representative of the Russian Chamber of Commerce and Industry in Iran, was quoted by the media as saying that trade with the Islamic Republic had increased by a whopping 70 percent after the removal of sanctions against the country early last year. - 4/18/17

UK cautiously eyes $600bn opportunity in Iran investment drive

- UK firms are cautiously eying opportunities in Iran ahead of an expected $600bn boom in trade and infrastructure investment over the next ten years. The Islamic Republic is embarking on an ambitious investment drive as it emerges from decades of isolation imposed by international sanctions. -Jillian Ambrose, UK's Telegraph - 4/18/17

Iran moves into flourishing ecotourism market

- The ecotourism market in Iran has witnessed a growth over the past couple of years, drawing more domestic and foreign backpackers to the pristine and relatively undisturbed natural areas of the country. Some 530 ecotourism projects have been implemented since the current administration took office in 2013, Cultural Heritage, Tourism and Handicrafts Organization Director Zahra Ahmadipour said on April 11. - 4/17/17

Foreign Minister Zarif in Central Asia as Iran seeks to fire up economy

- Foreign Minister Mohammad Javad Zarif has started touring Central Asia and the Caucasus to boost Iran's ties with three major countries in the region, especially in the field of economy. The three-day tour spans Turkmenistan, Georgia, and Kyrgyzstan. A 20-member delegation of businessmen and company representatives is accompanying Zarif who cited transit cooperation among the objectives of the visit. - 4/17/17

Iran's President Rouhani inaugurates mega gas projects in Persian Gulf

- Iran has officially inaugurated several mega projects in its natural gas hub of South Pars - projects that can put the country in the lead over production from a giant field that it shares with Qatar. The projects included South Pars Phases 17 and 18, Phase 19, as well as Phases 21 and 22. They were inaugurated by Iran's President Hassan Rouhani. - 4/16/17

Sanctions impaired Iran's economic transparency: Iranian FM Zarif

- Sanctions imposed on Iran over its nuclear program dealt a major blow to the country's economic transparency, an issue much neglected in assessing the outcomes of the 2015 international nuclear deal, Foreign Minister Mohammad Javad Zarif said on Saturday. - 4/16/17

Moghadam Award: Long-Term, Sustainable Economic Development in Iran

- The Stanford Iran 2040 Project announces the first annual Moghadam Award in Iranian Economics to recognize the best original paper on Long-Term, Sustainable Economic Development in Iran. The awardee will be asked to present the paper at the next Stanford Iran Economic Forum to be held in Summer 2017. All travel expenses will be covered and the awardee will also receive a $10,000 prize. - 4/12/17

EU extends sanctions on Iran over human rights claims

- The European Union has extended by another year sanctions against Iran over alleged claims of "human rights violations" despite the fledgling rapprochement between Tehran and the bloc since the 2015 landmark nuclear agreement. - 4/12/17

Iran named as Afghanistan's biggest trade partner

- Afghanistan Chamber of Commerce and Industry Spokesman said Iran has turned into the biggest trading partner of Afghanistan. "With 1.8 billion dollars of trade exchange level between the two countries, Iran is now Afghanistan's biggest trade partner," Seyamuddin Pesarlai told IRNA correspondent in Kabul, on Monday. - 4/12/17

Iran's President Rohani Coy As He Kicks Off Election Season, Concedes He's 'Not Fully Satisfied'

- President Hassan Rohani has defended his policies on the eve of the registration period for candidates in Iran's presidential election in May, saying his administration has helped boost prosperity and chip away at obstacles to openness in Iranian society. But the 68-year-old cleric and ally of reformers stopped short of announcing a reelection bid at his televised April 10 press conference, although aides have said in recent months that he will seek another four-year-term. "We have a prosperous Iran and we will definitely have a better Iran in the next years," Rohani said. - 4/11/17

Boeing, Iran, and American Jobs

- The IranAir and Iran Aseman deals are among Boeing's largest open orders and come at a time of softening demand for commercial aircraft among the world's airlines. Boeing's engagement with Iran pits the Trump administration's skepticism of the value of the Iran nuclear deal directly against an avowed commitment to support American jobs, particularly in the manufacturing sector. -Esfandyar Batmanghelidj, LobeLog - 4/11/17

Why empty suit shops and barber's chairs could spell trouble for Iran's President Hassan Rouhani

- Usually in the weeks before Nowruz, the Iranian New Year, downtown Tehran is jammed with traffic as shoppers pick up gifts in the brightly lighted shops surrounding the British and German embassies. But this year, the streets were noticeably quieter, the popular clothing and home appliance stores reporting much less business around the holiday in March. -Los Angeles Times - 4/11/17

Boeing Reportedly Moves Closer To Delivering First Passenger Jets To Iran Air

- Iran's official IRNA news agency says U.S. plane-maker Boeing will deliver two 777 passenger jets to Iran within the next month, one of the first major U.S. business deliveries with Iran after years of Western sanctions. - 4/10/17

Iran Air signs contract to buy 20 ATR planes

- Iran's national flag-carrier airline Iran Air has signed a contract to buy 20 turboprops from the French-Italian aircraft manufacturer ATR, an official says. "The contract between IranAir and ATR to buy 20 ATR 72-600 aircrafts has been signed by the officials of both countries," Deputy Transport Minister Asghar Fakhriyeh Kashan said on Monday. - 4/10/17

BP says got US license to operate Rhum gas field jointly owned with Iran

- UK's energy giant BP says it has received an authorization from the United States to go ahead with operating a gas field that it jointly owns in the North Sea with the National Iranian Oil Company (NIOC). BP announced in a statement that it had obtained the authorization for the operation of Rhum gas field from the Office of Foreign Asset Control (OFAC) of the US Treasury Department last September. - 4/7/17

Iran has sold all oil stored at sea: Report

- Oil market sources say Iran has sold all the oil it had stored at sea for years - a sign of the country's positive performance in marketing its vital crude oil supplies. Reuters in a report quoted tanker tracking and oil sources as saying that Iran had sold its last stocks from the floating storage in the past two weeks. Much of the oil stored was condensate, a very light grade of crude, it added. - 4/6/17

Iran's Aseman Airlines seals new $3B deal with Boeing for purchase of 60 planes

- Iran has signed a new agreement with US aviation giant Boeing for buying dozens of the company's twinjet narrow-body passenger planes. The agreement involves the purchase of 30 Boeing 737 MAX planes as well as the purchase rights for an additional 30 planes of the same class. It was signed between Iran's Aseman Airlines and Boeing in Tehran, the country's IRNA news agency reported. - 4/4/17

Iran deal devised based on mistrust of U.S.: Foreign Minister Zarif

- Iranian Foreign Minister Mohammad Javad Zarif says a multilateral deal reached between Iran and the P5+1 countries in 2015 was devised based on the Islamic Republic's mistrust of the United States. Iranian foreign minister said, "the two sides proceeded based on mutual mistrust and devised numerous [contingency] mechanisms." - 4/4/17

Investors from 37 countries active in Iran's capital market

- Investors from the United States, Britain, Spain, Russia, Germany, Switzerland, Sweden, Poland, Uzbekistan, Azerbaijan, China, the Netherlands, India, Turkey, Lebanon, South Africa, Japan, Cyprus, Italy, the United Arab Emirates, Norway, Greece, Indonesia, Maldives, Hong Kong, Qatar, Iraq, Pakistan, Syria, Luxemburg, Kuwait, New Zealand, Malaysia, South Korea, Georgia, Armenia, and Afghanistan have initiated their activities in Iran's capital market. - 4/4/17

Iran's Annual Foreign Trade Reach $87.68B

- Iran's foreign trade volume reached 87.614 billion dollars in the previous Iranian calendar year (ended March 21) with the share of exports standing at 43.930 billion dollars. Iranians imported 43.684 billion dollars of goods in the meantime for the country to enjoy a slight trade surplus. - 4/3/17

Iran biobank holds biospecimens from 6 countries

- Director of the Iranian Biological Research Center (IBRC), Abolhassan Shahzadeh Fazli, told MNA that currently 33,000 biospecimen in 27 collections are being held at the center, adding each year the number of the biological laboratory specimens is increased by ten per cent. - 4/3/17

Total developing own Iran banking channels

- French energy giant Total says it is trying to develop its own mechanism to carry out Iran-related banking transactions without falling afoul of US primary sanctions that still restrict doing financial activities with the Islamic Republic. - 4/1/17

Russia, Iran in deal over 12 Sukhoi Superjets: Report

- Russia says there is a "concrete" agreement with Iran for purchasing 12 Sukhoi Superjet 100 passenger planes. Russia's Energy Minister Alexander Novak told Sputnik news agency that the two countries had been negotiating over purchasing 100 Sukhoi Superjets for the past 18 months. However, Novak added, they were only able to reach a deal regarding 12 aircraft at the moment. - 4/1/17

Iran: Oil exports near record 3 million bpd

- Iran's total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 20, Minister of Petroleum Bijan Zangeneh says. - 4/1/17

US Arrests Turkish Banker in Iran Sanctions Case

- Turkish banker Mehmet Hakan Atilla, a prominent ally of Turkish President Recep Tayyip Erdogan, came to New York this week to school investors on his state bank's plans to sell new dollar bonds. Instead, he was placed under arrest by U.S. authorities and accused of conspiring to violate U.S. sanctions on Iran by teaming with wealthy Turkish gold trader Reza Zarrab to funnel hundreds of millions of dollars of illegal transactions through U.S. banks to Iran's government. -Kasim Cindemir, VOA - 3/30/17

Iran's annual inflation rate stands at 9 percent

- Central Bank of Iran has announced that Iran's inflation rate in the previous year (ended March 21) as compared to the earlier year stood at nine per cent. The announced figure indicates that Iran's inflation rate has been reduced to less than ten per cent for the second time in the past 26 years. - 3/29/17

Iran eyes tourism as a fertile source of revenue

- Iran regards tourism a fertile source of generating wealth, seeking to make the best use of positive atmosphere created in the wake of the 2015 landmark nuclear deal, known as the JCPOA. Based on official figures compiled by the Cultural Heritage, Tourism and Handicrafts Organization, foreign tourist arrivals in Iran has been more than double that of the global average since the implementation of the deal. -Afshin Majlesi - 3/27/17

Iran announces sanctions on 15 US companies

- Iran has announced retaliatory sanctions on 15 American companies over their support for Israeli crimes and terrorism two days after Washington imposed bans on nearly a dozen foreign companies or individuals for aiding the Islamic Republic. - 3/27/17

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

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

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

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



Ghazal Games: Poems

© Copyright 1997-2017 NetNative (All Rights Reserved)