Russian banks race to front of queue to enter Iran’s banking sector
Russian banks are striving to be the first in line after the partial lifting of sanctions against Iran, Russian newspaper Izvestiya reported on Wednesday. In January the U.S. and EU announced the lifting of all economic and financial sanctions against the Islamic Republic associated with its nuclear program, enabling Tehran to access previously frozen assets, use international financial messaging services…
Iran, Cuba sign cooperation document
Iran and Cuba on Monday signed a Memorandum of Understanding to boost mutual economic cooperation. The cooperation document was signed on the sidelines of the first joint trade meeting of Iran and Cuba in the presence of Cuban and Iranian officials and businessmen, including the Iranian Foreign Minister Mohammad Javad…
SWIFT open to four more Iranian banks
Iran’s media reported on Thursday that four more of the country’s banks have been reconnected to SWIFT, the global provider of secure financial messaging services. The banks are all the foreign branches of key Iranian banks. They include the Yerevan branch of Bank Mellat, the Dushanbe branch of Tejarat Bank…
Nahavandian: Iran cooperates with investing countries
Presidential Chief of Staff Mohammad Nahavandian said on Thursday that the Islamic Republic of Iran is to broaden cooperation with those countries mind to do investment in Iran. Nahavandian made the remarks in a meeting with UK Minister of Trade and Investment Lord Francis Maude, in London on Thursday. Implementation…
Iran offers ‘huge opportunity’ for Irish exporters: Irish Examiner
Irish exporters are missing out on a “huge opportunity” to take advantage of the newly-open economy in Iran, the head of the country’s export association has claimed. A slow response from government agencies to the lifting of economic sanctions last month has allowed others to steal a march on tapping…
Iranian oil shipper hopes to make up for lost time as sanctions end
Until 2012, the leaders of the National Iranian Tanker Company relished their work, playing cat and mouse with the Western authorities as they tried to keep a portion of their fleet on the seas despite an array of economic sanctions. “We felt like the last line of defense of the…
Iran poised to make billions off country’s vast mineral wealth
Iran is poised to become one of the richest countries in the world — and its potential for profit goes far beyond oil. After years of economic sanctions and international isolation, the Islamic Republic stands to make an estimated $700 billion off its vast deposits of minerals — such as…
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…
Iran, Airbus to start talks on new passenger jets
Airbus confirmed on Monday that it was poised to begin negotiations with Iran for the sale of dozens of new commercial aircraft. The New York Times reported from London that the deal is part of a raft of international business that is expected to flow toward Tehran since economic sanctions…
Australia to lift sanctions on Iran
Foreign Minister of Australia Julie Bishop has said that Sydney would lift its sanctions against Iran within days. “I welcome today’s announcement that Iran has met its commitments under the Joint Comprehensive Plan of Action nuclear deal,” said the Australian minister in a statement appeared on the country’s Foreign Ministry…
