The Central Bank of Iran (CBI), also known as Bank Markazi, has filed a suit in Luxembourg against Deutsche Boerse’s Clearstream unit seeking to recover $4.9 billion in assets plus interest, the German stock exchange operator said on Thursday. The assets, frozen on suspicion of terror financing and in part paid to victims, include $1.9 […]
Tag Archives | Luxembourg
Tags: Bank Markazi, Central Bank of Iran (CBI), Clearstream, Deutsche Boerse, featured, Germany, Luxembourg, United States
No Court Verdict Issued on Iranian Assets Freeze
Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court responsible for freezing $1.6 billion of Iranian assets in the European country has not issued a final verdict on the case yet. Speaking to reporters in Tehran on the sidelines of a cabinet session on Wednesday, Seif pointed to a […]
Tags: Central Bank of Iran (CBI), featured, frozen funds, Joint Comprehensive Plan of Action (JCPOA), Luxembourg, United States
Luxembourg Court denies Iran demand to Unblock Assets
By John Lee. AFP reports that a court in Luxembourg has denied a demand by Tehran to repatriate $1.6 billion of Iranian assets claimed by the US as compensation for the victims of the September 11 attacks. In 2012, a New York judge ordered Iran to pay $7 billion in damages to the families and […]
Luxembourg Court “Dismisses” US Request to Freeze Iran Assets
Valiollah Seif, the governor of the Central Bank of Iran (CBI), said a Luxembourg court has rejected efforts by US to freeze $1.6 billion of Iranian assets in the European country. “A Luxembourg court dismissed the US request for the freeze of $1.6 billion of Iranian assets in its first verdict, and the decision has […]
Freeze on Iran Assets in Luxembourg Not New: Diplomat
A judge’s ruling that has put a freeze on the Central Bank of Iran’s assets in Luxembourg dates back to the time before the onset of the nuclear negotiations between Iran and six world powers that resulted in the JCPOA, an Iranian deputy foreign minister said. Speaking to journalists in Tehran on Tuesday, Majid Takht […]
Tags: Central Bank of Iran (CBI), Clearstream, featured, frozen funds, Joint Comprehensive Plan of Action (JCPOA), Luxembourg, Office of Foreign Assets Control (OFAC), United States
Central Bank Raps ‘Unlawful’ US Attempts to Seize Assets
An official at the Central Bank of Iran (CBI) slammed the attempts by American plaintiffs to seize the bank’s assets in Luxembourg as being against the international law and treaties. Ardeshir Fereidooni, head of Central Bank of Iran’s legal affairs bureau, said on Tuesday that the American efforts to seize the bank’s properties in Luxembourg […]
Tags: Central Bank of Iran (CBI), featured, Joint Comprehensive Plan of Action (JCPOA), Luxembourg, United States
Iran, Luxembourg to Remove Visa Hurdles for Travelers
A senior official with the Iran-Luxembourg Chamber of Commerce and Industry (Iralux) said Tehran and Luxembourg City plan to take measures to facilitate the issuance of visas for the two countries’ travelers. Iralux is seeking to pave the way for travelers from the two countries to easily obtain travel visas in Luxembourg and Iran, Mahmoud […]
Luxembourg Eager to Invest in Iran
Luxembourg’s Deputy Prime Minister Etienne Schneider, who is in Tehran with a big business delegation, expressed the European country’s willingness to invest in Iran, which he described as a gateway to the Asian markets. In a meeting with Iran’s minister of communications and information technology, held in Tehran on Wednesday, Schneider called for stronger trade […]
Tags: featured, Luxembourg
Luxembourg’s Economy Minister in Iran for Business Talks
Luxembourg’s Economy Minister Etienne Schneider arrived in Tehran early on Monday to hold talks with senior Iranian officials. Heading a high-ranking economic delegation, Schneider is scheduled to sit down with Iranian business leaders active in the field of ICT during his three-day visit to the Iranian capital, Luxemburger Wort website reported on Monday. The Luxembourgian […]
Tags: featured, Luxembourg
Over 200 Foreign Investors Active in Iran Capital Market
The number of foreign shareholders in the capital market of Iran is now more than 200, the Managing Director of the Central Securities Depository of Iran (CSDI) has said. Last month 9 natural shareholders from Romania, Russia, South Africa, Italy, Britain (2 people), Kuwait, Pakistan, and Afghanistan received their codes to be active in the […]
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Iran, Luxembourg Banking Cooperation
The governor of the Central Bank of Iran (CBI), Valiollah Seif (pictured), recently met with the visiting Luxembourg Foreign Minister Jean Asselborn in Tehran, and referred to Iranian bankers’ interest in bilateral cooperation: “We are ready to collaborate with Luxembourg in various banking areas including management of reserves, gold trading, short and long-term activities in financial […]
Iran gives 30-day visas at airports
By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]
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Cooperation between Iran, Luxembourg Stock Exchanges
The President of the Iranian Securities and Exchange Organization, Mohammad Fetanat, has called for the facilitation of ‘joint cooperation’ between the supervisory bodies of the Iranian and Luxembourg stock exchanges. At a meeting with Robert Scharfe, President of Luxembourg Stock Exchange, he pointed to Iran’s economic capabilities and history of the capital market in the […]