Polish envoy urges increase in bilateral interaction with Iran

Polish Ambassador to Tehran Juliusz Gojlo during a visit to Aras Free Zone at the head of an economic delegation called for promotion of bilateral interaction between the two countries. He made the call during a meeting with Managing Director of the Aras Free Trade Zone Organization Mohsen Khadem Arab-Baghi….

Japan starts truck exports to Iran: NHK

Mitsubishi Fuso Truck and Bus Corporation has become the first Japanese automaker to announce that it will do business with Iran since the economic sanctions on the country were lifted, Japanese NHK reported. The company said on Tuesday that it will start exporting light-duty trucks this year and had signed…

Exim Bank mulls rating upgrade for Iran

South Korea’s state-run trade bank said Sunday it will consider raising its sovereign credit rating for Iran by one notch following the international community’s lifting of sanctions against Tehran. The United States and the European Union lifted their economic sanctions against Iran over the country’s nuclear program on Saturday in…

Lift of anti-Iran sanctions, special chance for Italian companies

Managing director of Italy’s Genius Car Ltd announced that lifting anti-Iran sanctions is a special opportunity for the foreign firms, also the Italian ones, to be present in Iranian market. The talks on implementation of Joint Comprehensive Plan of Action (JCPOA) concluded in Vienna on Saturday, and the US and…

EU energy officials to visit Iran in February

The European Commission will undertake a first ‘technical assessment mission’ in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and Energy Commissioner Miguel Arias Canete said on Sunday. Late on Saturday, the European Union, the United Nations and the United States lifted sanctions…

Kuwaiti banks ready for cooperation with Iran in post-sanction era

Kuwaiti banks and businesses are ready for resuming cooperation with Iranian banks, Kuwaiti daily al-Rai said on Tuesday. The daily wrote that resumption of banking operation with Iran does not need a go-ahead of Kuwait Central Bank following cancellation of US and European sanctions. It said that Iran was under…

World Economic Forum wraps up in Davos with oil prices, Iran in limelight

The 46th World Economic Forum (WEF) has wrapped up in the Swiss ski resort of Davos. Some 2,500 participants from some 100 countries, including the leaders of 40 states, gathered in Davos to discuss the most urgent international issues, including falling oil prices, anti-Russia sanctions and the prospect of Iran’s…

Iran signs oil deal with European refiner as sanctions end

Iran signed an agreement to supply crude oil with Hellenic Petroleum SA, a Greek oil refinery, in what may be the Persian Gulf producer’s first such deal with a European company since the removal of sanctions this month. Deliveries will begin immediately, Hellenic Petroleum said in an e-mailed statement on…

Brazil wants to triple bilateral transactions with Iran

After the United States and the European Union announced on Saturday the end of Iran’s sanctions, the Brazilian government estimates that trading between the two countries will triple over the next five years. In 2015, bilateral trade shrank 30%, totaling $1.67 billion. In the previous year, before the toughening of…

S Korea KEXIM bank eyes 5b euro financing deal with Iran

The state-run Export-Import Bank of Korea (KEXIM) said on Tuesday it plans to sign an agreement with Central Bank of Iran on providing up to about 5 billion euros in financing for South Korean companies doing business there. The specialist trade financing bank said in a statement it plans to…