Tag Archives | United Kingdom

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 […]

European, Asian Firms “Ready to Fund Iran’s Plane Purchases”

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhrieh Kashan said several major institutions from Europe and Asia have expressed readiness to fund the country’s purchases of planes from global aviation giants Airbus and Boeing. Nine financial institutions from Norway, Denmark, Ireland, Britain, China and Japan are ready to fund the […]

Feasibility Study of Guinea Bauxite Project Confirmed

Final feasibility study report of Conakry Guinea bauxite project was confirmed by IMIDRO and Conakry Guinea Minister of Geology and Mines. Both sides defined the terms of cooperation for cost reduction, implementation and financing project as well. According to the report of public relations of IMIDRO, this report confirmed and approved by Mehdi Karbasian chairman […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

Investment Opportunities in Iran – UK Govt Report

By John Lee. A new report from the British House of Lords’ Select Committee on International Relations has said that the investment opportunities in Iran are significant, and the UK is already losing potential market share to other European countries that are currently taking advantage of a weak UK presence. The report — The Middle East: […]

UK Banks “Close Accounts” of Iranian Customers

By John Lee. UK-based Blackstone Solicitors is reportedly handling more than 60 complaints by Iranian nationals who have had their bank accounts closed, allegedly because of their nationality. Some banks refuse to explain why they closed the accounts, while others cite sanctions against Iran as the main reason. The head of the firms Iran desk […]

UK Considers $600bn Opportunities in Iran

By John Lee. The Telegraph reports that British firms are “cautiously eying” opportunities in Iran, ahead of an expected $600-billion boom in trade and infrastructure investment by 2027. Amanda Clack, head of Infrastructure and consultancy EY, is quoted as saying: “Is there an opportunity here for UK business? Of course there is … Deliverability is […]

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 […]