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"Iran Business Responsibility" launches website

Business & Human Rights Resource Centre is working with International Campaign for Human Rights in Iran on the "Iran Business Responsibility" (IBR) project.

Visit the project website launched in June 2017, and explore the articles below for insights on the new investments in Iran.

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Article
7 May 2017

Politics chill Iran’s attempts to attract foreign capital

Author: Financial Times, Aliya Ram

When Iran last year cemented a landmark nuclear agreement with six world powers to remove many of the sanctions against it, Hassan Rouhani, the country's reformist president, said it would aim to attract at least $30bn a year of foreign investment...  But more than a year after the deal ... Iran's attempts to woo international investors have borne little fruit.

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Article
9 May 2017

Iran Guards look beyond election to next supreme leader

Author: Reuters, Babak Dehghanpisheh

Determined to protect a dominant security role and vast economic interests, Iran's Revolutionary Guards military force is quietly backing a hardliner in May 19 presidential polls, with an eye toward a bigger prize: the succession of the supreme leader.

President Hassan Rouhani, a relative moderate elected in 2013 in a landslide on promises to open up Iranian society and reduce its international isolation, is widely seen as the favorite to win a second term next week.

But the Islamic Revolutionary Guards Corps (IRGC), and the Basij, a volunteer militia under the Guards' command, are taking steps to promote the candidacy of his main rival, hardline cleric Ebrahim Raisi.

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Article
15 May 2017

Will Rouhani be able to weather jobs crisis?

Author: Al Monitor

Unemployment among Iranians ages 15-29 stood at 26.7% in summer 2016, Tasnim news agency reported Dec. 27, citing official data. The jobless rate stood at 30.2% for those ages 15-24.

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Article
17 May 2017

Iran's re-engagement with the world at stake in Friday presidential vote

Author: Reuters, Parisa Hafezi

Iranians vote for president on Friday in a contest likely to determine whether Tehran's re-engagement with the world stalls or quickens, although whatever the outcome no change is expected to its revolutionary system of conservative clerical rule.

Seeking a second term, pragmatist President Hassan Rouhani, 68, remains the narrow favorite, but hardline rivals have hammered him over his failure to boost an economy weakened by decades of sanctions.

 

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Article
19 May 2017

Foreign funds prepare for long slog to gain Iran foothold

Author: Reuters, Karin Strohecker and Bozorgmehr Sharafedin

In February 2016, Helga Kern boarded a plane to Iran, registered with the depository to trade stocks and within weeks opened a broker account and started buying shares, all with the aim of launching an Iran fund for Western investors.

But on the eve of Friday's presidential election in Iran, Kern, who is a managing partner at Swiss fund advisory firm KK Research, has little hope that other investors will emulate her dash into the oil-rich country which had appeared on the verge of ending three decades of isolation.

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Article
23 May 2017

Rouhani Seeks France’s Help to Encourage Foreign Investment in Iran

Author: Middle East Institute

Iranian President Hassan Rouhani has urged the new government in France to play a more active role in the implementation of the Joint Comprehensive Plan of Action (J.C.P.O.A.), the nuclear agreement that Tehran signed with Washington and five other world powers in 2015. According to the Iranian media, Rouhani praised the French government’s “influential” role in making the nuclear accord possible almost two years ago, whereas he criticized certain other signatories of the deal for not honoring their commitments. “We expect France and the European Union to play a more active role in the implementation of the agreement,” he reportedly told the French President Emmanuel Macron in a telephone conversation today. Rouhani, who just won a second term in Iran’s presidential elections on Friday, also called for boosting bilateral economic and trade ties between Tehran and Paris, and sought France’s help to remove existing obstacles that hinder European companies and banks from doing business with and invest in Iran.

Article
28 May 2017

As Iran and U.S. Leaders Trade Barbs, Big Deals Proceed

Author: New York Times, Thomas Erdbrink

President Trump, who has never made a secret of his hostility toward Irancalled recently for a grand regional strategy among Sunni nations to isolate the country. But Tehran received that threat with surprising equanimity because, in practice, the Trump administration has shown a willingness to do business with the country.

On the surface, it looked as if there was a lot of bad news recently for the Islamic Republic. At the recent Arab-American summit meeting in Saudi Arabia, Mr. Trump was the guest of the Saudi king, Salman bin Abdulaziz al Saud, a sworn enemy of Iran, and the countries signed a record-breaking $110 billion arms deal.

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Article
30 May 2017

Economic reform is top of Hassan Rouhani’s agenda

Author: Financial Times, Naysan Rafati

Having secured a comfortable re-election victory, Iran’s president Hassan Rouhani will almost certainly make the Iranian economy a priority. If the nuclear agreement reached with six major world powers in 2015 was the prize achievement of his first term as president, the challenge of the next four years is to convert the lifting of international sanctions into jobs, investment and growth. Since the nuclear deal came into effect, Iran has raised its oil exports and lowered inflation. But one of the laments from Tehran is the reluctance of foreign banks to follow international oil companies, aircraft makers and car manufacturers, which have begun to dip their toes in Iranian waters.

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Article
2 June 2017

Tested on all fronts, Iran's Rouhani may struggle on reforms

Author: Reuters, Parisa Hafezi and Jonathan Saul

Growing strains with the United States and political infighting at home threaten Iranian President Hassan Rouhani's plans to expand social freedoms, create jobs and draw in foreign investment, officials and analysts say.

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Article
7 June 2017

US Senate Works on New Iran Sanctions, Possible Russia Sanctions

Author: Voice of America

The U.S. Senate has moved forward on a bill that would impose new sanctions on Iran.  The bill advanced on a procedural vote Wednesday. It now will be available for amendments before a final Senate vote.

 

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