Seif: 10-15 pc decline in cost of exchanges is JCPOA implementation’s result
Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Monday that 10 to 15 percent fall in the cost of exchanges is the most immediate result of implementation of the Joint Comprehensive Plan of Action (JCPOA). Talking to reporters, Seif said the fall in the expenditures will…
Iran, Spain plan joint oil refinery at Gibraltar
Iran and Spain are discussing a plan to build a joint oil refinery, which will be finally owned by Iran, at the Gibraltar Strait. The announcement was made by the Spanish foreign minister on Monday, just two days after sanctions against Islamic Republic were lifted, Reuters reported. Foreign Minister Jose…
Russia sees possibilities for Russia-Iran cooperation in energy, agriculture, defense
Removing sanctions against Iran can contribute to the development of the Russian-Iranian cooperation in a number of areas, including energy, agriculture and the military-industrial complex, an official with Russia’s Central Bank told TASS. ‘Lifting the sanctions against Iran, on the one hand, it may contribute to the development of Russian-Iranian…
Canada signals openness to restoring Iran diplomatic ties
Canadian Prime Minister Justin Trudeau expressed an openness to restoring diplomatic ties with Iran, four years after Canada closed its embassy in Tehran, reports said. Such a move would be a reversal of the foreign policy set by the previous Tory administration, which had vowed to keep its sanctions regime…
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…
Maku, gateway to foreign capital transfer to Iran
Iran’s Consul General in Trabzon, Turkey, Reza Baghban-Kondori said that Iran’s Maku City, benefitting from being the region’s largest free trade and industrial zone, can become the gateway to foreign capital’s entry into Iran. The Iranian diplomat made the comments during a one-day visit of the Maku Free Zone (MFZ)…
Lifting of sanctions paves way for broader ties with Hungary
Economic Attaché of Iranian Embassy in Budapest said on Saturday Hungarian officials believe that lifting of sanctions on Iran paved way for comprehensive cooperation between the two countries. Esmaeil Ebrahimzadeh said in an interview with IRNA in Belgrade that frequenting of the two countries’ officials had begun before the implementation…
Iran, US hold talks on direct flights
Farhad Parvaresh, Chairman and Managing Director of Iran Air, referred to the resumption of refueling at airports in Western Europe following the lifting of international sanctions. He maintained “previously, Iran Air was forced to load enough fuel to cover the outbound as well as part of the inbound sector of…
Foreign companies invited to invest in Iran aviation industry
Minister of Roads and Urban Development Abbas Akhundi invited all foreign investors, except the companies affiliated to the Zionist regime, to make investment in Iran’s aviation industry. Akhundi made the remarks in the Iran Aviation Summit 2016 currently underway in Tehran. He added that Iran is located in a strategic…
