Tag Archives | United Kingdom

UK-based Iranian Kurd wins prestigious Fields Medal

A UK-based Iranian Kurd from is among the four winners of the prestigious Fields Medal, often thought of as the Nobel prize for mathematics. Caucher Birkar (pictured), a Cambridge University professor, was awarded the prize on Wednesday during a ceremony at the International Congress of Mathematicians (ICM) in Rio de Janeiro, Brazil. Caucher Birkar’s dedication […]

Scottish-based Engineering Firm to Exit Iran

Scottish-based engineering company Weir Group has reported that performance in its international businesses was weaker in the first half of the year, reflecting market conditions and the exit from recently won contracts in Iran following the recent re-imposition of US sanctions. (Source: Weir)

E3 Agrees to Replace Dollar in Iran Trade: Lavrov

Russia says the three European parties to the Iran nuclear deal have agreed to continue trade ties with Tehran without the US dollar. The European parties to the Joint Comprehensive Plan of Action –Britain, France and Germany- have agreed to maintain trade with Iran independent of the US dollar, Russia’s Foreign Minister Sergei Lavrov said. […]

UK appoints New Trade Commissioner for Middle East

UK International Trade Secretary Dr Liam Fox MP has appointed Simon Penney (pictured on right) as Her Majesty’s Trade Commissioner (HMTC) for the Middle East. The announcement was confirmed by Dr Fox on a visit to Bahrain and the United Arab Emirates (UAE), where he met government and industry representatives to boost trade and promote […]

BP Delays Work on Gas Field over New US Sanctions

BP has announced it is deferring new work on a gas field it co-owns with a subsidiary of Iran’s government-owned oil company because of impending US sanctions on Tehran after Washington pulled out of the 2015 nuclear deal. The oil and gas company said its ongoing work at the Rhum gas field northeast of the […]

NISOC, Pergas Sign Deal to Developing Iran Oilfield

The National Iranian South Oil Company (NISOC) and Pergas Consortium have signed a heads of agreement on Wednesday for developing Iran’s Karanj Oilfield under the newly-devised model of oil contracts. The document was signed in Tehran in a ceremony that was held with Iranian Minister of Petroleum Bijan Zangeneh, NISOC CEO Bijan Alipour, British Ambassador […]

Iran Nuclear Deal: Reaction from World Leaders

By John Lee. Following the US withdrawal from the Iran nuclear deal, world leaders have been giving their opinions. Former US President Barack Obama said: “Walking away from the JCPOA turns our back on America’s closest allies, and an agreement that our country’s leading diplomats, scientists, and intelligence professionals negotiated. “At a time when we […]

Unilever pleased with Omo’s Iran Roll-Out

By John Lee. Unilever has announced that the roll-out of its Omo washing powder brand into Iran has “continued to perform well“. In its first-quarter results, the Anglo-Dutch multinational also declared a share buy-back programme of up to €6 billion to start in May 2018. (Source: Unilever)

Gas Executive becomes UK Ambassador to Iran

Mr Rob Macaire CMG has been appointed as the UK’s Ambassador to the Islamic Republic of Iran in succession to Mr Nicholas Hopton, who will be transferring to another Diplomatic Service appointment. Mr Macaire will take up his appointment in April 2018. Mr Macaire rejoins the diplomatic service following five years as Director of Government/Public […]

BBC appeals to UN over Harassment in Iran

For the first time in its history, the BBC is making an appeal to the United Nations in Geneva to protect the human rights of BBC journalists and their families. This unprecedented move comes in response to years of persecution and harassment by the Iranian authorities, which escalated in 2017. BBC Director General, Tony Hall, […]

UK-based Mining Firm in Iran Deal

UK-based Alexander Mining has announced that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım AS (“Proses”). The Agreement covers the potential application and use of Alexander’s proprietary processing technologies and know-how (“MetaLeach Technology”) in the Middle East, including Turkey and Iran […]

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 […]

Pardis Petchem Plant signs deal with KBR

Iran’s Pardis Petrochemical Company has signed a cooperation agreement with UK’s KBR, a provider or technical licenses for ammonia units. The deal is signed in the field of technical engineering services with the aim of promoting production technology at the Iranian facility, Pardis Petrochemical Plant’s public relations said. The agreement was signed on Saturday by […]

Iran Growth fuels Sinclair Pharma Growth

By John Lee. International aesthetics company Sinclair Pharma has said it has seen strong growth in Iran. In an unaudited trading update, the UK-based company said: “Ellansé delivered revenues of £9.6 million compared to £8.1 million in the prior year representing growth of 18% (10% at constant currency). This reflected strong growth in many markets, especially  […]

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 […]

Unilever to Manufacture Food in Iran

By John Lee. Anglo-Dutch consumer goods company Unilever reportedly plans to set up a joint venture in Iran to make and market food in the country. The deal with local food group Golestan would see the venture will “develop, manufacture, market and sell new brands and line of food products in Iran market as part […]

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 […]

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 […]

UK Firm in Iran Healthcare Deal

Oncimmune Holdings plc, a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, has announced that it has signed an exclusive agreement for distribution of its EarlyCDT®-Lung test in Iran with Tarvand Sina Tajhiz Co., an Iranian provider of test services and kits to the medical community. The agreement allows for the sale of […]

Video: UK’s Foreign Secretary says Sorry for Blunder

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The UK’s Foreign Secretary has apologised for causing distress to a British citizen jailed in Iran, and her family. Nazanin Zaghari-Ratcliffe is facing charges of spreading propaganda. Boris Johnson has reportedly complicated the […]