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Iran inks MoU on re-insurance services with German and Swiss firms

Export Guarantee Fund of Iran (EGFI) signed MoU with Hermes Insurance Firm of Germany and Swiss Export Risk Insurance SERV of Switzerland on re-insurance services to Iranian exports. The MoU was signed on the sidelines of the Berne Union Meeting which is underway in Lisbon, Portugal. The agreement envisaged cooperation…

Iranian major bank out of UK asset freeze list

Britain’s Ministry of Finance has removed Bank Saderat Iran (BSI) and Bank Saderat PLC, the UK branch of BSI, from the list of sanctions. In a statement released on Monday, the ministry said that Council Regulating (EU) 267/2012 (‘the Regulation’) imposing financial sanctions against Iran has amended so that an…

Official: 15 international shipping lines operating at Iran’s ports

Deputy head of Ports and Maritime Organization for ports affairs Jalil Eslami said on Tuesday that more than 15 international shipping lines are active at Iranian ports and Maersk resumed operation to Iranian ports. Maersk, major Denmark container shipping company, has a record of operation at Iranian ports before sanctions,…

Iran, Singapore agree to expand banking ties

Top banking officials from Iran and Singapore held talks in Singapore Tuesday on expansion of banking relations and facilitation of ways to that end. The talks were held by Governor of Central Bank of Iran (CBI) Valiollah Seif and Managing Director of Monetary Authority of Singapore (MAS) Ravi Menon. Since…

Russian, Chinese, French companies keen to join S.Pars projects: Oil official

Deputy minister of petroleum announced that French, Chinese and Russian companies have made request from Iran for cooperating in development project of the phase 11 of the South Pars gas field in south of the country. Along with the French oil and gas company of Total, several companies from Russia…

KLM resumes flights to Iran

KLM Royal Dutch Airlines has resumed its flights to Iran after a halt of over three years. KLM Royal Dutch Airlines, the flag carrier airline of the Netherlands, has officially resumed flights to Iran after a hiatus of over three years. The first flight of the company in its new…

Iran, Total to finalize 2b dollar petchem deal: Official

French international oil company, Total, and Iran’s Persian Gulf Petrochemical Industry are expected to finalize a two-billion-dollar olefin project agreement until the end of the current Iranian calendar year, says an official. ‘Following the signing of the agreement, Total is going to participate in developing a lower olefin project which…

Denmark’s Maersk shipping line to resume trade with Iran

Danish international marine transportation company Maersk will resume transportation of goods to Iran. Denmark’s Maersk that had cut its trade relations with Iran five years ago due to the sanctions imposed by the West on Iran will resume its activities soon. Maersk announced on Thursday that its customers can send…

Iranian, Russian provinces to expand economic ties

Delegations from Russian Omsk province and Kohgiluyeh and Buyer-Ahmad agreed on Wednesday to expand economic relations. Governor General of the Russian Omsk province Viktor Nazarov said that exchange of visits by officials and economic activists of the two provinces are expanding and Russia is ready to bolster ties with Iran….

Iran, EU to upgrade tourism cooperation

Iran and European Union underlined the need for promoting cooperation in the tourism sector. Head of Iran Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar made the remarks in a meeting with the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elabieta Bieńkowska. He said that Iran is a…