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Central Bank of Iran Official: Blockchain No Solution for Sanctions

EghtesadOnline: In light of the new round of US sanctions , there is speculation that authorities in Tehran may seek to circumvent the hostile economic restrictions with the help of blockchain and other financial and monetary technologies.
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Publish Date:22/January/2019 | 15:09

Baghdad Seeks to Balance Ties With Tehran, Washington

EghtesadOnline: Iraqi President Barham Salih is set to travel to the United States at the head of a delegation to negotiate exemption from sanctions on Iran, as Baghdad is trying to balance its relations with Tehran and Washington.
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Publish Date:21/January/2019 | 13:05

Iran’s Foreign Policy Challenges Outlined

EghtesadOnline: Iran is exposed to a number of foreign policy challenges in the New Year mostly involving the United States’ activities, an international affairs expert said.
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Publish Date:08/January/2019 | 15:27

Europe Must Consider Consequences of SPV Failure

EghtesadOnline: As the main party to blame for the possible failure of efforts to set up a special financial mechanism for trading with Iran, Europe will have to ponder over the implications of its inaction, a senior foreign affairs official said.
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Publish Date:07/January/2019 | 09:43

Iran Insurance Sector to Grow 15% in 5 Years

EghtesadOnline: Fitch, the global ratings agency has predicted that Iran's insurance sector will record an average of 15% growth a year in the next five years, as the partial easing of sanctions against the market in early 2016 helped it grow.
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Publish Date:06/January/2019 | 13:15

Kim Ready to Meet Trump

EghtesadOnline: North Korean leader Kim Jong-un has renewed his commitment to denuclearization but warned that he may have no option but to seek an alternative course if the United States does not take corresponding measures and maintains sanctions .
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Publish Date:02/January/2019 | 13:09

Currency, Gold Post Weekly Decline in Iran

EghtesadOnline: Currency and gold markets in Iran registered one of their biggest weekly declines in recent months despite the re-sanctioning of wide sectors of the economy by the Trump White House.
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Publish Date:17/November/2018 | 10:18

Iran-Turkey Bilateral Trade Expected to Get Boost Despite Sanctions

EghtesadOnline: Trade between Iran and the neighboring Turkey stood at around $8 billion in the first half of 2018 and is estimated to reach $12 billion by the fiscal yearend (March 2019), the chairman of Iran-Turkey Chamber of Commerce said.
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Publish Date:17/November/2018 | 10:16

US Exempts Indian-Backed Chabahar Port From Sanctions

EghtesadOnline: The United States said on Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan.
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Publish Date:10/November/2018 | 09:08

US Decision to Keep Iran in Swift Seen as a Compromise

EghtesadOnline: Sanctions on Iran’s banks, oil exports, ships and ports, lifted in 2015 as part of a nuclear weapons agreement that Trump abandoned in May, will be reimposed on Monday. But it is not clear whether those banks would be allowed to participate in the Society for Worldwide Interbank Financial Telecommunication, or Swift. That is the system that allows the world’s banks to communicate with one another, making global transactions possible.
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Publish Date:05/November/2018 | 10:09

Europe Warns Iran Sanctions Threaten Dollar Dominance

EghtesadOnline: European diplomats are warning that enhanced US financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the US dollar.
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Publish Date:31/October/2018 | 09:04

US Congress Hawks Worried Iran Might Preserve SWIFT Access

EghtesadOnline: As President Donald Trump prepares to re-impose a second batch of sanctions on Iran that had been eased under the 2015 nuclear deal, conservative US lawmakers and outside advisers have become worried that the administration may break a promise to exert "maximum pressure" on Iran.
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Publish Date:29/October/2018 | 08:10

India Explores Corridor to Kazakhstan, East Russia via Iran

EghtesadOnline: India, notwithstanding impending sanctions on Iran, intends to put in place a corridor linking Gujarat and West Bengal to Kazakhstan and Eastern Russia via Iran's Bandar Abbas Port.
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Publish Date:24/October/2018 | 10:54

India Working on Rupee-Rial Mechanism for Chabahar Port Project

EghtesadOnline: India is weighing a rupee-rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests.
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Publish Date:21/October/2018 | 08:17

IMF: Growth Prospects for Iran to Decline Over Sanctions

EghtesadOnline: The International Monetary Fund, in its latest World Economic Outlook, predicts Iran's economy will contract this year and in the following year as a result of the reimposition of US sanctions against the Islamic Republic.
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Publish Date:10/October/2018 | 10:52

Europe Trying to Exempt Swift From Iran Sanctions

EghtesadOnline: As the reimpostion of the second round of US sanctions draw near, European finance ministers will try to persuade the Trump administration not to cut off Iran’s access to Swift, the global financial messaging service, in meetings with Steven Mnuchin, the US treasury secretary, at the IMF gathering in Bali this week.
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Publish Date:10/October/2018 | 05:38

Trump, Iran's Rouhani exchange threats, insults on U.N.'s world stage

EghtesadOnline: U.S. President Donald Trump and Iranian President Hassan Rouhani exchanged taunts at the United Nations General Assembly on Tuesday with Trump vowing more sanctions against Tehran and Rouhani suggesting his American counterpart suffers from a “weakness of intellect.”
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Publish Date:26/September/2018 | 24:44

Iran August LPG Sale Leaps

EghtesadOnline: Iran's LPG shipments loaded, or due for lifting, in August rose by 84,000 million tons versus July to around 568,000 million tons, the highest since the previous international sanctions for its nuclear program were lifted in January 2016, fixtures from shipping sources showed recently. A majority of the shipments are destined for China, where importers are grappling with higher import tariffs for US LPG in an escalating trade war and are scrambling for Middle Eastern cargoes instead, Global S&P Platts reported.
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Publish Date:02/September/2018 | 08:06