Tag Archives | United States

Zangeneh: Minimum Risk of New Sanctions

International companies should seize new opportunities for investment in Iran’s economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says. “If there are new restrictions, it will not affect the deals that are concluded after the easing of restrictions […]

Taiwan Shipping Line Yang Ming Halts Services to Iran

Taiwan’s Yang Ming Marine Transport Corp is halting its container service to Iran due to fears of being punished by the US government. An executive with Keelung-headquartered Yang Ming said the firm had “ceased direct services to Iran on concerns of rising tensions there”. “We took into consideration the recent sanctions against Iran as well […]

Why Iran won’t ditch the Dollar soon

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. The Central Bank of Iran (CBI) has for some time been working on a plan to stop using the US dollar in its financial reports. In a program aired on Iranian state television Jan. 28, […]

US “Biggest Importer” of Hand-Woven Carpets from Iran

The head of the Iran National Carpet Center (INCC) announced that over the past Iranian year (which ended on March 20), the US has imported the biggest amount of hand-woven carpets from the Islamic Republic. “Over the past year, about $350 million worth of Iranian hand-woven carpets have been exported to various countries,” Hamid Kargar […]

Trump Orders Review of Iran Nuclear Deal

By John Lee. US President Donald Trump has directed a National Security Council-led interagency review of the Joint Comprehensive Plan of Action (JCPOA). The US Department of State confirmed that, while Iran is compliant with its commitments under the Joint Comprehensive Plan of Action (JCPOA), Secretary Rex Tillerson has raised concerns about Iran’s role as […]

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 […]

Pratt & Whitney to supply Engines for Iran Plane Deal

By John Lee. US-based Pratt & Whitney, a subsidiary of United Technologies (UTC), is to supply engines for the passenger planes sold by ATR to Iran Air, according to report from Hartford Business. An ATR spokesman said the deal is for the 20 ATR 72-600s, a twin-propeller aircraft, and said Iran Air had an option to […]

How US strikes could bring Tehran, Moscow closer

By Saeid Jafari for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iran’s relationship with Russia has always been characterized by a mix of hope and dread. While one faction in Tehran wants to expand ties, another faction has been traditionally concerned […]

Washington sees Iraq as front for Iran Pushback

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. After the chemical attack in Khan Shaykhun on April 4, followed by the US airstrike on a Syrian air base April 7, tension between Iraq and the United States […]

Despite nuclear deal, EU firms still cautious on Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the signing and implementation of the Joint Comprehensive Plan of Action (JCPOA), European businesses have shown great interest in re-entering Iran. Trade between Iran and the EU has already notably picked […]