Iran important outpost for Belt and Road initiative
As an influential country in the region, Iran is an important outpost in the China-proposed ‘One Belt, One Road’ initiative and also a key partner to promote the initiative, People’s Daily of China said in an artilce published on Saturday. The article was published on the occassion of a visit…
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…
Simmons & Simmons launches investment fund in Iran
International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund to enable it to be one of the first funds to invest in Iran. Although the repeal of pre-existing sanctions is good news for those wanting to do business with Iran, restrictions still…
Slovak deputy PM in banking talks
Expanding banking ties with Slovakia can help facilitate economic and trade relations between the two countries, Valiollah Seif, governor of the Central Bank of Iran said Wednesday. In a meeting with Slovakia’s Deputy Prime Minister Peter Kažimír, Seif proposed the establishment of a joint committee to help pave the way…
Regional banks explore Iran entry
Banks in the Persian Gulf Arab states, including Dubai’s largest lender Emirates NBD, are already meeting prospective clients and taking legal advice about entering Iran’s financial system now that many international sanctions have been lifted. Regional banks are likely to lead the way on business deals. Banks from the UAE,…
Chinese Guangdong Prov., Iran Qeshm FTZ to cooperate in oil, gas, tourism, fisheries
Governor General of Chinese Guangdong Province said on Friday that his province will use its extreme capacity for closer cooperation with Iranian Qeshm Free Trade Zone in oil, gas, tourism and fisheries. The Chinese official said Qeshm is the best choice for tight cooperation with China and they should use…
Georgia welcomes lift of anti-Iran sanctions
Georgian Foreign Ministry on Friday welcomed lift of anti-Iran sanctions. The statement said that Georgian Foreign Ministry believes that the move will open up new opportunities to the region and the world in general. It said Georgia also welcomes diplomatic efforts for implementation of the Joint Comprehensive Plan of Action…
Greece discusses crude oil purchases from Iran – Greek energy minister
Greece held talks on Friday on restarting crude oil purchases from Iran after the lifting of nuclear-related international sanctions last week, Greek Energy Minister Panos Skourletis said. Skourletis met Iran’s Deputy Oil Minister Amir Hossein Zamaninia in Athens. ‘They (Iran) are positively disposed towards and think that Greece can be…
Iran, China sign protocol for ICT cooperation
Iranian Minister of Communications and Information Technology Mahmoud Vaezi and Chinese Minister of Industry and Information Miao Wei on Friday signed the document for expansion of Iran-China cooperation in nformation and communication technology (ICT) . The document highlights R&D cooperation, development of ICT infrastructures and cooperation in satellite. The document…
