Tag Archives | United Kingdom

IRISL seeking London Share Listing

By John Lee. The Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE). The company was removed from sanctions blacklists last year, and has already placed an order for new ships estimated to be worth $626 million. But according to […]

Why Iran’s Auto Ambitions will Benefit Economy, not Consumers

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European, Asian and Iranian brands, including Iran’s longtime French partners Renault and Peugeot, took part in the […]

Nazanin Zaghari-Ratcliffe requires Urgent Hospital Treatment

British-Iranian mother Nazanin Zaghari-Ratcliffe, who has been detained by Iranian authorities since April, has finally seen a specialist for her back and neck; the neurologist has warned that without urgent treatment she could run the risk of permanent impairment. Her husband Richard, who spoke to her for the first time in a month on Saturday, […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

UK Banks rebuff Govt push to Boost Iran Trade

By John Lee. According to a report from Reuters, the Royal Bank of Scotland (RBS) has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran. Following the lifting of sanctions, and in anticipation of the UK leaving the European Union (EU), British officials have sought to […]

Amedeo Buys Stake in Iranian Copper Mine

UK-based Amedeo Resources has announced that it has acquired a 2.5-percent stake in Ganjine Kani Company (GKC) for US$500,000, a copper mining company close to the city of Mashhad in Iran. As part of the transaction, Amedeo has a 5-year option to acquire a further 5% of GKC for US$2 million. GKC is a producing […]

New JV to License Iranian Geological data

Norwegian oil service company Global Geo Services AS (GGS), and data management and solutions company Interica Limited UK, have formed the joint venture — GGS-Interica Ltd. UK — to license and manage an Iranian geological database. The principle dataset to be managed, licensed and made available to the industry is the Persian Carpet 2000 dataset […]

Vigil held for Nazanin Zaghari-Ratcliffe

Supporters of a British-Iranian mother imprisoned in Iran have held a candlelit vigil outside the Iranian embassy in London. Nazanin Zaghari-Ratcliffe, a charity worker, has been detained for almost 300 days, and was jailed for five years in September for allegedly plotting to topple the government in Tehran. Her two-year-old daughter Gabriella also had her […]

British Airways to Pay $13m Iran Debt

By John Lee. Aviation Iran reports that British Airways will pay a $13-million debt to the Iran Airport Holding Company (IAC). Mohammadreza Emami, vice president of IAC, told Mehr News Agency that foreign airlines operating in Iran have a good record of paying their charges, and only a few have debts to IAC. BA had […]

Shell, Total likely to cooperate on Azadegan Oilfield

By John Lee. Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured). An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements […]