Mohammad Qaempanah is a serial entrepreneur. His first business saw him act as a one-man internet service provider in his town, the connectivity from which he leveraged to start his next business, exporting saffron, a coveted spice with a heady aroma taken from the stigma of the crocus flower. Qaempanah exported the spice until sanctions […]
The Iran Mercantile Exchange plans to begin trading in domestically produced iron ore pellet and concentrate, IME Managing Director Hamed Soltani-Nejad was quoted as saying by local media websites on Monday. The IME also planned to trade imported iron ore in the future, he added. Iran’s iron ore imports were insignificant, however, though a market […]
Iran is still sticking to the 2015 nuclear accord, a UN atomic watchdog report showed Thursday, four months ahead of US President Donald Trump’s deadline to fix its “disastrous flaws”. The International Atomic Energy Agency document, the ninth since the deal came into force in January 2016, showed Iran complying with the accord’s key parameters. […]
A Swedish investment company is “on course” to make a landmark investment in Moheb, the leading manufacturer of plastic and laminate tubes in Iran and the Middle East. The deal represents one of the first private equity investments made by foreign investor in a growth-stage Iranian company, outside the digital sector. Serkland Group, founded in […]
Academic research on Iranian managers is scarce, mainly because of the lack of business ties with foreigners and longstanding international sanctions. Relatively little is known about how Iranian managers, particularly those at smaller enterprises, perceive business collaboration with outsiders. In order to address this knowledge gap, we have conducted a major survey among Iranian managers in […]
PARIS (Reuters) – France reaffirmed its commitment to the Iran nuclear deal on Monday, saying it wanted it to be strictly implemented and was continuing talks with its European and U.S. partners on the programme. The foreign ministry said France was concerned about Iran’s ballistic missile programme and its activities in the region, mentioning its […]
In a masterstroke of cultural diplomacy, the Louvre will launch a major exhibition next month at the National Museum of Iran in Tehran, comprising 50 works drawn from from its collection and the Musée Eugène Delacroix in Paris (The Louvre in Tehran, 5 March-3 June). “The Louvre in Tehran is the first large-scale exhibition by […]
NEW DELHI: Iranian President Hassan Rouhani’s visit appears to have smoothened the creases in bilateral energy ties that had developed over delayed Farzad-B gas field deal, with both sides going back to the negotiating table as well as New Delhi agreeing to buy more Iranian crude and Tehran reciprocating by offering “good incentives”. India also […]
With negotiations stuck over pricing of natural gas, ONGC Videsh Ltd has offered to invest USD 6.2 billion in development of Iran’s giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas to Tehran. OVL had last year made its ‘best’ offer to spend USD 11 billion in developing the Farzad-B […]
NEW DELHI (Reuters) – Iranian President Hassan Rouhani will be seeking billions of dollars of Indian investment during a visit to New Delhi, diplomats said, a trip that comes amid U.S. pressure to review a 2015 international nuclear deal and re-impose sanctions on Iran. India is trying to develop the port of Chabahar on Iran’s […]
In the last week, European business leaders and policymakers have grown more vocal about the possibility that the European Union would employ blocking regulations to protect European businesses from the reach of US secondary sanctions on Iran. These regulations would penalize European companies for complying with secondary sanctions, which may snapback if the Trump administration […]
The collapse of the Soviet Union in 1991 was followed by the independence of several states in the Caucasus, including the Republic of Azerbaijan. While the newfound Azerbaijani state has not enjoyed warm ties with Iran, this trend appears to be changing as the two countries move closer to one another. The absence of close ties […]
Defenders of the 2015 Iranian nuclear deal responded with trepidation to news this week that the Democrats’ staunchest Iran hawk would be reclaiming a top congressional role. In a hallway interview, however, Sen. Bob Menendez, D-N.J., told Al-Monitor that he does not plan to use his perch as the top Democrat on the Senate Foreign Relations Committee […]
PARIS (Reuters) – The European Union could put in place regulations to protect its firms doing business in Iran if the United States withdraws from the 2015 nuclear deal and restores extraterritorial sanctions, a senior EU official said on Thursday. European countries have been looking to increase trade with Iran since Paris, Washington and other […]
PARIS (Reuters) – Britain said on Thursday it was working with its partners to tackle U.S. concerns over a landmark 2015 nuclear deal between Iran and major powers, but said Tehran must avoid actions that threaten regional security. “We and our European partners are absolutely clear. We want the deal to succeed,” Minister for the […]
Iran is founding a consortium of private re-rollers to boost its long product exports, said Ahmad Khorvash, a member of the board of directors of Iranian Steel Producers’ Association and managing director of the country’s largest re-roller Kavir Steel Complex, according to a report by Minews, a domestic website close to the industry, on Tuesday. […]
In a major interview given to French newspaper Le Monde looking at Total’s strong performance in 2017, CEO Patrick Pouyanné was asked about the “American threat” to the company’s “important gas project” in Iran. Pouyanné’s forthright response marks perhaps the first time that a major European executive has publicly called for a diplomatic intervention to […]
Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said. The Persian Gulf nation can raise daily production by at least 100,000 barrels within “five or six days” if the Organization of Petroleum Exporting Countries decides […]
PARIS (Reuters) – France will start offering euro-denominated credits to Iranian buyers of its goods later this year, a move to bolster trade while keeping it outside the reach of U.S. sanctions, the head of state-owned investment bank Bpifrance said. France and other European countries have been looking to increase trade with Iran since Paris, […]
TEHRAN, Iran — 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 exchange for restrictions on Iran’s nuclear program. The deal has helped bring economic benefits for Iran, including the […]