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20 March 2017

Iran struggles to coax Bank of England to open clearing accounts

Author: Reuters, Jonathan Saul and Parisa Hafezi

Iran has asked the Bank of England to set up special clearing accounts for its banks, but has so far been rebuffed in its effort to resolve an impasse that has left it excluded from banking in London more than a year after sanctions were lifted....

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Article
17 March 2017

Why French Car Makers are Real Winners of Iranian Protectionism

Author: Al Monitor

Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing the Islamic Republic’s efforts to become an industrial economy, it is protected by high tariffs on car...

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Article
13 March 2017

Hyundai Engineering In $3.2B Petrochemical Project In Iran

Author: OilPrice.com

South Korea’s Hyundai Engineering Co said on Monday that it had signed a deal worth US$3.2 billion with Iran’s Ahdaf Investment Company for the construction of the second phase of a petrochemical complex in Iran....

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Article
13 March 2017

Iran’s telecom minister says Gazprom and Tehran in talks on gas project investments

Author: Tass

Gazprom and Iran are holding talks on investing in the republic’s gas fields, Iran’s Telecom Minister and co-chairman of the Russian-Iranian intergovernmental commission Mahmoud Vaezi told reporters on Monday....

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Article
12 March 2017

Korea's Hyundai Engineering in $3.2 billion Iran deal awaiting funding

Author: Reuters

An Iranian investment fund signed a deal with Korea's Hyundai Engineering Co on Sunday for a 3 billion euro ($3.2 billion) petrochemical project, which is awaiting financing by Korean banks, the oil ministry's website SHANA said....

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Article
11 March 2017

State TV: Iran Air Receives 2nd of 100 Airbus Jets

Author: US News and World Report

TEHRAN, Iran (AP) — Iran's state TV is reporting that the second of 100 planes it purchased from Airbus follovwing its nuclear deal with world powers has landed in the capital Tehran....

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Article
9 March 2017

Linde revives Iran contracts, waits for banking system

Author: Reuters, Georgina Prodhan

German industrial gases group Linde (LING.DE) has revived plant-engineering contracts in Iran that lay dormant for years under sanctions but cannot act on them until there is a way to transfer money out of the country, its chief executive said....

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Article
8 March 2017

U.K.’s Iranian-Owned Banks, Freed of Sanctions, Now Face Trust Barriers

Author: Wall Street Journal, Bradley Hope

Just after the European Union lifted sanctions on several of Iran’s biggest banks last year, Bank Sepah International PLC creaked back to life....

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Article
7 March 2017

China’s ZTE to plead guilty, settle with U.S. over Iran, North Korea sales

Author: Washington Post, Karen Freifeld

Chinese telecom equipment maker ZTE will plead guilty and pay $892 million to settle allegations it violated U.S. laws that restrict the sale of American-made technology to Iran and North Korea, the company and U.S. government agencies said Tuesday....

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Article
7 March 2017

Volkswagon's Seat considers selling cars in Iran

Author: Reuters, Andreas Cremer

Volkswagen's Spanish subsidiary Seat is considering selling its cars in Iran to broaden its reach beyond the crowded European market, its chief executive said on Tuesday....

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