EU Looking to Sidestep U.S. Sanctions With Payments System Plan Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks. The discussions, which also involve the U.K., are a signal that European powers are trying to get serious about demonstrating […]
Brussels, 23 August 2018 The Commission today adopted a first package of €18 million for projects in support of sustainable economic and social development in the Islamic Republic of Iran, including €8 million assistance to the private sector. Today’s projects are the first of a wider package of €50 million for Iran, aiming to support […]
BERLIN (Reuters) – Europe needs to set up payment systems independent of the United States if it wants to save the nuclear deal between Iran and major powers that was abandoned by President Donald Trump, German Foreign Minister Heiko Maas said. “That’s why it is indispensable that we strengthen European autonomy by creating payment channels […]
Global powers condemn US sanctions against Iran Several global powers have decried President Donald Trump’s administration for reinstating tough economic sanctions against Iran, while actively calling on businesses to ignore the White House over the coming months. Despite pleas from key members of the international community, the U.S. re-imposed sanctions targeting the Iranian government’s purchase of U.S. […]
The 18th edition of International Exhibition of Automobile and Relate Industries of Iran TEHRAN – The 18th edition of International Exhibition of Automobile and Relate Industries (Iran Motor Show 2018) kicked off on Tuesday at the northeastern city of Mashhad, IRNA reported. Over 100 Iranian companies along with 30 foreign exhibitors from different countries are […]
Switzerland recommends firms pursue Iran ties despite US sanctions The Swiss government regrets the “deteriorating” situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an informed basis, it said on Thursday. Companies doing business with Iran will be barred from the United States, President […]
Trade between Iran, Oman rises 116% in 4 months yr/yr TEHRAN- The value of trade between Iran and Oman rose 116 percent during the four-month period from March 21 to July 22, compared to the same period of time in the past year, according to Iran’s commercial attaché to Oman. Abbas Abdolkhani put Iran-Oman worth […]
PMO offering best incentives for investment in ports TEHRAN- Iran’s Ports and Maritime Organization (PMO) Managing Director Mohammad Rastad announced that his organization offers the best incentives to the investors who make investment in development of ports. The official said the country’s ports are in the way of development both in infrastructures and in equipment […]
India going ahead with Chabahar Port project despite US sanctions Despite the threat of renewed UN sanctions against Tehran, India appears to be going ahead with the Chabahar Port project that provides it a critical transport link to Afghanistan, bypassing Pakistan. The first container ship carrying grain destined for Afghanistan from the Kandla Port berthed […]