Tag Archives | Joint Comprehensive Plan of Action (JCPOA)

Will Brexit jump-start Iran-UK trade?

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in […]

VP: Foreign Financing in Iran Facilitated by JCPOA

The Joint Comprehensive Plan of Action (JCPOA) has eased Iran’s access to foreign financing for major projects in the country, First Vice-President Eshaq Jahangiri said, adding that agreements to receive $12 billion in foreign funds have been finalized. Addressing an economic meeting on foreign fund reserves on Monday, Jahangiri said the JCPOA, the nuclear agreement […]

US Uncertainty over Nuclear Deal Complicates Economy

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US uncertainty over nuclear deal complicates Iran’s economy As the Joint Comprehensive Plan of Action (JCPOA) enters its third year of implementation, an atmosphere of uncertainty has slowed the pace of post-sanctions trade and […]

Russia, Iran in Sync on Preserving Nuclear Deal

By Julia Sveshnikova for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Council on Foreign Relations once called Russia and Iran the “power couple” of the Middle East. That was two years ago, and it appears they’re still making the relationship work. On Jan. 10, Russian Foreign […]

Plane Deals to Take Longer to Complete

Iran would finally take delivery of dozens of European jets it has ordered following the 2015 nuclear deal between Tehran and world powers, John Leahy, Airbus Sales Chief, said, noting that the process could take longer to complete than planned. “I think those deals will get fulfilled, maybe not on the original schedule,” Leahy told […]

Trump Extends Nuclear Deal “for Last Time”

By John Lee. The United States is to extend sanctions relief for Iran for another 120 days. In a statement, President Donald Trump said: “Despite my strong inclination, I have not yet withdrawn the United States from the Iran nuclear deal. Instead, I have outlined two possible paths forward: either fix the deal’s disastrous flaws, […]

Zarif Hails Strong Consensus on JCPOA in Brussels

Iranian Foreign Minister Mohammad Javad Zarif said there was solid consensus on the need for preserving the Joint Comprehensive Plan of Action (JCPOA) in a meeting he had with the European Union’s diplomatic chief and the foreign ministers of Britain, France and Germany on Thursday. “Strong consensus in Brussels today,” Zarif said in a Twitter […]

Video: Iran Warns if US Reneges on Nuclear Deal

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Iran is warning it may reconsider its cooperation with the International Atomic Energy Agency (IAEA), unless the US honours the agreement it signed with Tehran and international powers in 2015. President Donald Trump […]

Germany Exports $2.8bn in Goods to Iran in 9 Mths

The head of the German-Iranian Chamber of Commerce said Germany sold 2.358 billion euros ($2.846 billion) worth of goods to Iran, and imported just $328 million worth of goods from Iran in nine months from January through October 2017. Michael Tockuss, head of Deutscher Industrie- und Handelskammertag (DIHK), added that German exports to Iran grew […]

Import of Pipeline Supplies “Easier” Post-Sanctions

The Iranian Oil Pipeline & Telecommunications Company (IOPTC) says ever since implementation of the Joint Comprehensive Plan of Action (JCPOA), import of the items and equipment needed for construction of pipelines in the country has been dramatically facilitated. Abolghasem Zamani, director of items supply at IOPTC, said since JCPOA implementation back in January 2016 the […]

EU Foreign Policy Chief reveals Iran Deal ‘Secret’

In order to sell the nuclear deal to domestic constituencies and the world, Iran and the P5+1 countries overpromised the benefits of the deal. But, despite public denials by those officials that the nuclear deal would lead to further negotiations over significant geopolitical issues, it did not stop a myriad of analysts and deal skeptics […]

Banking Problems between Iran & UK being Removed Gradually

Boris Johnson, the UK foreign secretary, has underlined Iran’s importance in the region and also reiterated his country’s support for maintaining the JCPOA, the 2015 nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a Sunday meeting in Tehran with Head of the Atomic Energy Organization of […]

Video: Is the Iran Deal set to Unravel?

While the Iran nuclear deal was hailed as a “triumph of diplomacy” by its supporters around the world, US President Donald Trump called it “the worst deal ever”. He recently decided to officially “decertify” the deal formally known as the JCPOA, the Joint Comprehensive Plan of Action, between Iran six world powers and the EU […]

Why UK-US Divide on Iranian Nuclear Deal Matters

By Kasra Aarabi for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iran Business News.  European powers, most notably Britain, have rebuffed US President Donald Trump’s Oct. 13 refusal to certify that the landmark nuclear agreement with Iran meets congressional requirements. Issuing a joint […]

Iran Looking for New Oil Customers in Europe

An Iranian deputy oil minister unveiled plans for a rise in crude exports to Europe by finding new customers. Speaking to Tasnim, Marzieh Shahdaei said the Oil Ministry is negotiating with new European customers as part of policies to increase crude oil exports to the continent. With the conclusion of the business talks, Europe’s share […]

Iran-US Trade Drops 21% in 9 Months

The total value of bilateral trade between Iran and the US over the first nine months of 2017 has decreased by 21 percent, according to the latest data released by the US Census Bureau. The bilateral trade between the Islamic Republic and the US from January to September amounted to $140 million, showing a 21% […]

Intimidated by US, Major Banks Avoid Working with Iran

A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the Central Bank […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Video: EU warns of ‘Dangerous’ Mid-East Escalation

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Europe’s top diplomat Federica Mogherini warns that the mounting tension between Saudi Arabia, Iran and their respective allies and proxies is “extremely dangerous,” which the European Union views as “proof” of the need of […]