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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

The Bride's Side

- Separate celebrations for women and men mean twice the business for Iran's growing wedding industry. -Tacita Vero, Slate - 1/13/17

World Bank Forecasts 5.2 Percent GDP Growth For Iran In 2017

- The World Bank, in its recent report titled Global Economic Prospects, forecasted a 5.2 percent gross domestic product (GDP) growth for Iran in 2017. The report put the country's GDP growth at 4.6 percent in 2016, while it predicted 4.8 percent and 4.5 percent growth for the country in 2018 and 2019, respectively. - 1/12/17

IranAir Takes Delivery Of First Airbus Passenger Jet

- The head of IranAir has taken delivery in France of the first Western airliner under an international sanctions deal. The 189-seat A321 was handed over in a January 11 ceremony at Airbus headquarters in Toulouse, France. "It's a new, magnificent chapter and a great day" for ties between Iran and Europe, IranAir Chief Executive Officer Farhad Parvaresh said. - 1/12/17

UN To Discuss Iranian Complaints About U.S. Non-Nuclear Sanctions

- Five global powers that are permanent members of the United Nations Security Council will meet on January to review Iranian complaints that the United States has reneged on the sanctions relief promised under the Iran nuclear deal. - 1/10/17

Oil Prices Plummet On Fear OPEC-Russia Output Cuts Will Unravel in 2017

- World oil prices have plummeted over concerns that a deal to curb production reached between OPEC, Russia, and other producers will not hold for much longer. - 1/10/17

US, Italian firms to save Iran's troubled appliance brands Arj and Azmayesh: Report

- Iran says it has started talks with major American and Italian companies to form partnerships with some of its oldest brands of household appliances in what appears to be a policy to prevent their demise. The announcement was made by Abbas Hashemi, the director general for household devices affairs of the Ministry of Industry, Mine, and Trade. - 1/9/17

Iran Accepts First Airbus Passenger Jet

- Iran has accepted its first new Airbus passenger jet, and the A321 aircraft is expected to be delivered within a few days. Iran has ordered some 200 commercial airliners, including 80 from U.S. producer Boeing, since the sanctions were eased in exchange for restrictions on Iran's controversial nuclear program. - 1/8/17

Iran cashing in on OPEC oil output cut: Report

- Reports suggest that Iran has managed to sell nearly half of oil that it had long held on tankers at sea as it capitalizes on OPEC oil cut to sell millions of barrels, courting new customers around the globe. Tehran has sold more than 13 million barrels of the crude it had held in floating storage. - 1/7/17

Rohani Corruption Spat Could Herald Rough-And-Tumble Iranian Presidential Campaign

- President Hassan Rohani has traded barbs with hard-line officials from Iran's judiciary in a highly public spat in which each side appears determined to tar the other with accusations of corruption in an election year. The feud appears to have been smoldering since the president's rise to power in 2013 on calls for reform and the arrest of one of Iran's wealthiest men, Babak Zanjani, months after Rohani took office. Golnaz Esfandiari - 1/6/17

Iranian Startups: Maman Paz delivers 200,000 orders of "mom-made" food in Tehran

- Shanbe magazine talks to Tabassom Latifi who has employed housewives and launched Maman Paz, a startup that delivers home foods to people (in Tehran, Iran) who are not at home most of the time or don't want to cook. - 1/5/17

Vitol, World's Largest Oil Trader, loans One Billion Dollars To Iran

- The world's largest independent oil trader Vitol has signed a deal to provide Iran with a major loan worth $1 billion - a landmark move that can help expedite the country's crucial plans to boost its production of crude oil. - 1/5/17

Iran Says Japan's Inpex Tipped To Win Azadegan Oil Field Contract

- Japan's largest oil and gas exploration and production company is reportedly trying to win a contract over the development of a major oil project in Iran that it abandoned in 2010. Kyodo news agency quoted an Iranian official as saying that Inpex had started intense talks with the National Iranian Oil Company (NIOC) to develop the Azadegan oil field in Iran's southwestern oil-rich province of Khouzestan. - 1/5/17

Meet An Entrepreneur Iranian Woman: Carpet Weaving Expert Nahid Hosseini

- Nahid Hosseini, 49, is a carpet weaving instructor who exports hand-woven carpets made by her trainees to European countries. Hosseini learned carpet weaving in her childhood from her father, Seifoddin Hosseini, who himself was an exemplary carpet producer and a top carpet weaving instructor. -Mojtaba Heidari - 1/4/17

Iranian MPs vote to end "Mehr" housing project

- Iran's media on Tuesday cheered as the Parliament voted to end a hefty housing project that President Hassan Rouhani had previously blamed for shooting up inflation to above 40 percent over the past years. The Parliamentarians in their debates over Iran's Sixth Five-Year National Development Plan (2020-2025) voted to have Maskan Bank allocate the required funds for completing the remaining phases of 'Mehr' (kindness in Persian) housing project which was a main brainchild of former president Mahmoud Ahmadinejad (2005-2013). - 1/3/17

Iran Approves European, Asian Companies For Oil, Gas Projects

- Iran has issued a list of 29 companies from Europe and Asia that have the government's approval to bid for oil- and gas-development projects in the energy-rich country. The Iranian Oil Ministry said on January 3 that the National Iranian Oil Company will soon hold tenders for energy exploration and production, something made possible due to Tehran's signing of a nuclear deal with six world powers in 2015. - 1/3/17

World Bank reports major drop in Iran's debts

- A report by the World Bank titled "International Debt Statistics 2017" showed that Iran's debts for 2015 stood at $6.32 billion. The figure was slightly higher than 2014 but was nonetheless around 64 percent lower than the debts in 2011 ($17.34 billion). - 1/3/17

Turkmen Cutoff Of Iran Leaves Dwindling Gas Options For Ashgabat

- It looks like Turkmenistan might be left with just one customer for its natural gas. The National Iranian Gas Company (NIGC) said in a statement on January 1 that Turkmen state company Turkmengaz "suddenly and...in an illogical manner, contrary to the agreement, halted gas deliveries to Iran this morning..." -Bruce Pannier, RFE - 1/2/17

Rohani Reassures Iranians Amid Currency's Drop

- President Hassan Rohani says that the exchange rates of the rial against foreign currencies "will not remain at current levels." President Hassan Rohani has told Iranians the government will work to protect the country's market stability amid a downfall in the Iranian currency to record lows. - 1/2/17

China Finances 5 Iranian Petrochemical Projects

- Marzieh Shah-Daei, Director of the National Petrochemical Company (NPC) of Iran, announced that five ongoing petrochemical projects, which are being implemented in Mahshahr, Asaluyeh and other regions, have received Chinese financing. - 1/2/17

New project will study development of Iran's economy

- Stanford's Iranian Studies Program launched the Stanford Iran 2040 Project about eight months ago to conduct interdisciplinary research on economic and technical matters related to the country's long-term, sustainable development and evaluate their possible implications in a global context. The project is called Iran 2040 because of its forward-looking nature and focus on long-term analysis. - 1/2/17

Iran's car output rises over 39%

- The number of automobiles manufactured in Iran during the first nine months of the current Iranian calendar year (ending December 20) registered a 39.1 percent increase compared to the same period last year, Tasnim news agency reported. - 1/1/17

Asalouyeh featuring Iran's petrochemical progress

- Iranian port of Asalouyeh demonstrated some of its new changes to a group of reporters and journalists who visited the area during a two-day media tour organized by the National Petrochemical Company (NPC). - 1/1/17

ATR to deliver 5 aircraft to Iran within months

- Deputy roads minister said an airplane purchase contract will be inked with ATR aircraft manufacturer in a few days and Iran will receive five passenger planes in three months. The official underlined that the deal with ATR would be worth 400 million dollars and covers purchasing of twenty ATR 72 aircraft which has 70-passenger configuration. - 1/1/17

PHOTOS: Father of Turquoise Mine

- Seyyed Hassan Afkhami is a lovely old man who has been working in Neishabour Turquoise Mine since he was 12 years old. Majority of local people here have been engaged in extracting the precious stone from the world's largest turquoise mine located near Neishabour in Khorasan Razavi province (map) that has a long history dating back to 3,000 b.c. - 12/30/16

South Korea's Daewoo wins deal to build shipyard for Iran

- South Korea's Daewoo Shipbuilding and Marine Engineering Company (DSME) - the world's second biggest shipbuilding companies - has announced a major deal to develop an construction yard in Iran. The joint venture company will engineer and build the types of ships needed by Iran, the DSME said. - 12/30/16

Why Iran's 'green gold' is set to rebound

- While Iran may be known for its massive oil and natural gas reserves to many people around the world, it is also known to some for its top-quality pistachios. Production of the nut in Iran dates to the fifth century B.C. -Maysam Bizaer, Al Monitor - 12/30/16

Sweden's Prime Minister to lead trade delegation to Iran

- Swedish Prime Minister Stefan Lofven, leading a trade delegation, is due to visit Tehran in February 2017, Sweden's ambassador in Iran, Helena Sangeland, said on Tuesday. In a meeting in Tehran with the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Gholam-Hossein Shafeie, the Swedish envoy expressed her country's willingness to expand mutual cooperation with Iran, saying, "Sweden puts great importance on ties between the two countries." - 12/29/16

South Korea's Daelim wins major Iran refinery deal

- South Korea's construction giant Daelim Industrial Company says it has won a major deal from Iran to expand a central oil refinery. Daelim announced in a statement as quoted by the media in Seoul that the project involves improving and optimizing facilities at Isfahan Oil Refinery. It added that the value of the deal is $1.9 billion. - 12/29/16

Iran 'main bidder' for stake in Russia's Makhachkala port

- Iran has emerged as the main bidder for a stake in the Caspian port of Makhachkala, aiming to expand shipping and trade links with Russia and other countries, a report says. The port in the Russian republic of Dagestan has been put out for bidding by international investors, with China, Iran, Turkey, Azerbaijan and Vietnam vying for a share. - 12/28/16

Asia imports of Iranian oil more than doubled

- India and South Korea have raised oil imports from Iran more than four times in a month which saw four major Asian buyers more than double their purchases from a year ago. China, India, South Korea and Japan imported 1.94 million barrels per day (bpd) last month, up 117 percent on a year earlier, government and ship-tracking data cited by Reuters showed. - 12/28/16

Iranian Currency's Sharp Fall Sparks Concerns, Criticism

- Iran's currency fell to an unofficial record low against the U.S. dollar on December 26, extending a dramatic drop in the rial's value in recent months that has prompted concerns about the country's economy. The street value of the rial reportedly hit 41,500 to the dollar on December 26, compared to 35,570 in September and beating the previous low of around 40,000 recorded in 2012. - 12/27/16



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