Tag Archives | United Kingdom

Iran “Freezes Assets of BBC Persian Staff”

The BBC has said that Iranian authorities have frozen the assets of BBC Persian staff in Iran. BBC World Service Director Francesca Unsworth said the order was preventing staff from selling or buying property, cars and other goods. The service, which broadcasts on TV, on radio and online, is banned in Iran. More from BBC […]

Huge Iran-UK Immigration Ring Busted

By John Lee. Police in Spain have reportedly broken up a large immigration ring that smuggled Iranians as young as five into the United Kingdom. According to BBC News, the gang allegedly supplied fake Spanish passports to Iranian nationals so they could fly into the UK. Europol said the group charged migrants about €25,000 (£22,500) […]

Shell Proposes Plan to Develop Iranian Oil Fields

At a meeting on Tuesday, Shell submitted its technical study plan to Iran’s Petroleum Engineering and Development Company (PEDEC) for developing the Azadegan and Yadavaran oil fields. The meeting was attended by Sayyid Nooruddin Shahnazizadeh, CEO and PEDEC’s chairman of the board of directors, a team of experts in petroleum engineering management as well as […]

Iran’s Economy a ‘Masterpiece of Structural Ambiguity’

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The economy dominated Iran’s recent presidential election. Hassan Rouhani, the incumbent, argued that integration into the global economy is the only path to prosperity and job creation, while his rivals accused his administration of […]

UK Fashion Group targets Iran

By John Lee. Fashion retailer Quiz Group says it is planning to open further concessions in “Cyprus and the Middle East (such as in Iran) with existing partners and further concessions with new partners in the short term.” The Scottish-based company has successfully completed a £102.7 million placing, and is intending to apply for the admission […]

easyHotel to deliver 500+ new Hotel Rooms in Iran

By John Lee. UK-based easyHotel, the owner, developer and operator of “super budget” branded hotels, has announced that it has signed a Master Development Agreement with 3SV Limited to develop the easyHotel brand across multiple sites in Iran. The Iranian Tourism industry has seen significant growth in recent years with the Government outlining ambitious plans […]

UK: Iran Nuclear Deal “Best Option for the Int’l Community”

By John Lee. The United Kingdom’s Minister for Foreign Affairs has argued that the Iran nuclear deal — officially known as the Joint Comprehensive Plan of Action (JCPOA) — is working, and represents “the best option for the international community.” Writing in The Washington Post, Boris Johnson says: “In the troubled landscape of the Middle […]

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

FATF’s Decision Guarantees Banking Ties with Iran

Iran’s ambassador to Britain said a recent decision by the Financial Action Task Force (FATF), the policy-making body of the international financial system, to continue the suspension of anti-Iran sanctions would guarantee the country’s banking ties with foreign countries. In a post on social media, Hamid Baeedinejad pointed to the FATF’s meeting in Spain on […]

Maroon Petchem Plant to sign Deals with Euro Firms

Maroon Petrochemical Plant (MPP) is to sign deals with Shell and two Italian companies for development of two projects, the MPP managing director says. Rahim Sharif Mousavi said one of the projects will concern the ethyl oxide unit of the facility, adding Italy’s engineering company Maire Tecnimont will join the project as one of its […]