Tag Archives | United Arab Emirates (UAE)

Saudi-backed Shipping Line Resumes Iran Business

By John Lee. The United Arab Shipping Company (UASC) said on Wednesday it had “started accepting shipments to and from Iran,” according to a report from Reuters. The company, which suspended all Iran business in April 2013, is owned by the governments of the United Arab Emirates (UAE), Bahrain, Saudi Arabia (35%), Kuwait, Qatar (51%) and […]

More Countries Recall Ambassadors from Tehran

The regional row over the execution of Shia cleric Sheikh Nimr al-Nimr in Saudi Arabia has intensified, with Kuwait announcing that it is recalling its ambassador from Iran. Saudi Arabia’s embassy in Tehran was ransacked and set alight on Saturday, after which Saudi Arabia broke off diplomatic ties with Iran. Saudi allies Bahrain and Sudan […]

Grain Traders Eye Business in Iran

Food wasn’t subject to the sanctions imposed on Iraq, but according to a report from Bloomberg the rules created enough difficulty to keep many grain suppliers out. While the biggest traders, such as Bunge and Cargill kept operating in the country, the end of sanctions is a chance to expand operations. German firm BayWa sent […]

Much-Awaited Future Energy Forum Opens for Membership

Beginning 2016 founders of The Iraq Club, will officially launch the Future Energy Forum (FEF), an exclusive business-focused community connecting a senior network of leaders specifically engaged in the development of emerging energy markets. A much anticipated forum, FEF is spearheaded by William Wakeham and Leanne Case, both of whom are leading experts on critical […]

Salman Oil Output Up by 3.5k bpd

Iran raised crude oil recovery from Salman oil field in Persian Gulf waters by 3,500 b/d, operator of the field said. Ebrahim Paksima, an official in charge of the oil field at Iran Offshore Oil Company (IOOC), told Shana that the boost has been possible by completion of gas injection to the field which took […]

Iran Predicted to Become Travel Hotspot

Iran has been identified as the world’s next travel hotspot, according to the new WTM Global Trends Report 2015. The country’s main tourist attractions include its ancient Persian history and 19 UNESCO World Heritage Sites — the most of any Middle Eastern country. As recently as September, the country saw the addition of two ancient […]

Iran Improves in Ease of Doing Business index

By John Lee. Iran has been ranked 118th out of 189 countries in the World Bank‘s recent Doing Business 2016 report, 12 places higher than the previous year. Top of the list were Singapore, New Zealand and Denmark, with last place going to Eritrea, just behind Libya and South Sudan. The pace of business regulatory […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]

Emirates Increases Cargo Capacity to Iran

By John Lee. Emirates SkyCargo, the freight division of Emirates, has announced that it is planning to increase its cargo capacity to Iran. On 1st September the airline will begin five daily non-stop flights to Mashhad, making it Emirates’ second Iranian destination after the capital city Tehran, which Emirates has been serving since March 1990. […]