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…

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…

MAPNA can produce Petroleum Ministry machinery, says company chief

Iran Power Plant Projects Management Company (MAPNA) is capable of manufacturing all the machinery needed by the Petroleum Ministry, says the managing director of the engineering company. ‘MAPNA, in cooperation with other industries in the country, can meet all the needs of the Petroleum Ministry,’ Abbas Aliabadi told journalists on…

Ambassador: JCPOA opens new chapter for regional cooperation

Iran’s Ambassador to Kabul Mohammad Reza Bahrami said on Sunday that implementation of the Joint Comprehensive Plan of Action will open a new chapter for enhanced relations and cooperation with the regional countries. He said in an exclusive interview with IRNA that termination of the arbitrary sanctions proved that adopting…

1,000 LCs opened on 1st day of lifting sanctions: ICCIM

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour said on Sunday that 1,000 LCs were opened on the first day of implementation of the Joint Comprehensive Plan of Action. Jalalpour told reporters on the sidelines of the meeting of the group of representatives of Iranian Chamber…

CBI Governor predicts boost in exports in post-sanctions era

Governor of Central Bank Valiollah Seif said on Sunday that Iran would encourage investment in producing sector and boost exports to countries of the region in post-sanctions era. He made the remarks in a meeting with Luxembourg Parliament Speaker Mars Di Bartolomeo. Seif said that implementation of JCPOA would prepare…

Iran in oil talks with Norwegian, Swiss-German firms on oil reserves

Head of Reservoir Studies and Field Development Department of the Research Institute of Petroleum Industry (RIPI) said on Sunday that talks were held with Norwegian and Swiss and German companies to smartify oil wells and horizontal drilling in thin, low permeable layers. Mohammad Karamati said that strengthening cooperation with major…

Iran’s accounts in foreign banks to reopen on Monday

Deputy governor of the Central Bank of Iran said that Iran’s blocked accounts in foreign banks will be reopened as of Monday, paving the path for transferring country’s monetary assets to Iran. Gholamali Kamyab who was speaking in a press conference said in response to IRNA reporter’s question on the…

Indonesia calls for using Iranian companies’ capacities

Minister of Public Works and Housing of Indonesia Basuki Hadimuljono called for using Iranian companies’ capabilities in order to develop infrastructures in Indonesia. He made the remarks in a meeting with a group of Iranian firms’ directors in Jakarta. A delegation comprising 13 directors of Iranian companies active in the…

Iranian banks reconnect to SWIFT: CBI

The Central Bank of Iran (CBI) announced on Sunday that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has removed Iranian banks from its list of sanctioned financial institutions. ‘Iranian banks will be reconnected to SWIFT without discrimination and the main obstacle on the way of Iranian banks’ international links…