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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
4 April 2017

Boeing Gets $3 Billion Iran Jet Deal in Potential Test for Trump

Author: Bloomberg, Julie Johnsson and Rick Clough

Boeing Co. landed its second jetliner deal with an Iranian airline since the 1970s, a $3 billion agreement that sets up a test of the planemaker’s ties with President Donald Trump.

The pact with Iran Aseman Airlines to purchase 30 of Boeing’s 737 Max planes adds to a separate $16.6 billion agreement with Iran Air, which the company is still finalizing. If completed, the transactions would be the first U.S. aircraft sales to the Islamic Republic since the Shah era.

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Article
11 April 2017

EU Prolongs Sanctions on Iran Over Human Rights Violations

Author: Reuters, Gabriela Baczynska

The European Union on Tuesday extended until April 2018 sanctions against Iran for "serious human rights violations", a narrower measure than restrictions the bloc had already lifted after an international accord on Tehran's nuclear programme.

The EU has pursued rapprochement with Iran since the 2015 nuclear deal, which reversed a decade of hard-hitting Western financial and trade sanctions against the Islamic Republic. Top EU officials have been shuttling in and out of Tehran since, often accompanied by large European business delegations.

 

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Article
16 April 2017

UK cautiously eyes $600bn opportunity in Iran investment drive

Author: The Telegraph, Jillian Ambrose

K 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.

The key infrastructure projects required includes the expansion of its 10,223km long state-owned rail network which supports industrial and commercial corridors and is expected to expand to over 25,000km by 2025, according to consultancy firm Ipsos.

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Article
19 April 2017

U.S. says Iran complies with nuke deal but orders review on lifting sanctions

Author: Reuters, Lesley Wroughton

The Trump administration said on Tuesday it was launching an inter-agency review of whether the lifting of sanctions against Iran was in the United States' national security interests, while acknowledging that Tehran was complying with a deal to rein in its nuclear program.

In a letter to U.S. House of Representatives Speaker Paul Ryan, the top Republican in Congress, on Tuesday U.S. Secretary of State Rex Tillerson said Iran remained compliant with the 2015 deal, but said there were concerns about its role as a state sponsor of terrorism.

Under the deal, the State Department must notify Congress every 90 days on Iran's compliance under the so-called Joint Comprehensive Plan of Action (JCPOA). It is the first such notification under U.S. President Donald Trump.

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Article
20 April 2017

Chinese, Iranian firms to sign first nuclear plant redesign contracts

Author: Reuters, Ben Blanchard

Companies from China and Iran will this weekend sign the first commercial contracts to redesign an Iranian nuclear plant as part of an international deal reached in 2015 over Iran's nuclear program, China's Foreign Ministry said on Thursday.

The fate of the Arak reactor in central Iran was one of the toughest sticking points in the long nuclear negotiations that led to the agreement, signed by Iran with the United States, Britain, France, China, Russia and Germany.

In the redesign, the heavy water reactor will be reconfigured so it cannot yield fissile plutonium usable in a nuclear bomb.

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Article
24 April 2017

Iran elections could see business confidence plummet: Key issues, such as oil and the success of the nuclear agreement, hinge on the outcome of the election

Author: Gulf News, Ed Clowes

With Iran’s presidential elections set to be held in less than a month’s time, several major issues loom large over the proceedings of this pivotal event.

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Article
25 April 2017

Iran's Khamenei says next president should be less engaged with West

Author: Reuters

Iran's supreme leader called on presidential candidates on Tuesday to champion economic self-sufficiency, further distancing himself from Hassan Rouhani's policy of opening to the West and seeking foreign investment.

Allies of Ayatollah Ali Khamenei, who aim to reclaim the presidency for their hardline faction, hope voters will punish the pragmatist President Rouhani for the slow pace of economic recovery despite the lifting of sanctions under a nuclear deal, the hallmark of his first term.

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Article
27 April 2017

Iran's Rouhani defends his economic record before May election

Author: Reuters, Parisa Hafezi

Wary of US President Donald Trump's tough talk on Iran, the European Union is courting Tehran to signal to its commitment to a nuclear deal and holding out the promise of its economic payoff ahead of May 19 presidential polls, EU diplomats say.

Europe's energy commissioner is leading more than 50 European firms in a business forum in Tehran over the weekend - the latest sally to help knit new trade ties in the 16 months since Iran curbed its nuclear programme in exchange for relief from sanctions.

 

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Article
30 April 2017

Wary of Trump, European Union assures Iran on Nuclear Deal

Author: Khaleej Times

Wary of US President Donald Trump's tough talk on Iran, the European Union is courting Tehran to signal to its commitment to a nuclear deal and holding out the promise of its economic payoff ahead of May 19 presidential polls, EU diplomats say.

Europe's energy commissioner is leading more than 50 European firms in a business forum in Tehran over the weekend - the latest sally to help knit new trade ties in the 16 months since Iran curbed its nuclear programme in exchange for relief from sanctions.

 

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Article
4 May 2017

Iranians Still Waiting for Nuclear Deal Payoff

Author: Bloomberg, Ladane Nasseri and Golnar Motevalli

Frustrated voters may deprive President Rouhani of a second term.

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