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Iranian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date:02/September/2018 | 07:56

US Dollar Abolished From Iran-Iraq Trade

EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and national currencies, the head of Iran-Iraq Chamber of Commerce said.
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Publish Date:02/September/2018 | 04:06

EU Working on Payments Plan for Iran Business

EghtesadOnline: Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks.
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Publish Date:29/August/2018 | 04:50

Parliament Finds Karbasian Unfit for Top Economic Job

EghtesadOnline: Parliament voted on Sunday to remove the economy minister ramping up pressure on the embattled president who has come under mounting criticism over his handling of the economy in the face of new US sanctions .
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Publish Date:27/August/2018 | 04:28

Siemens Pulls Out of Iran

EghtesadOnline: German engineering conglomerate Siemens has announced it is drastically scaling back its business operations in Iran. It’s yet another German company to cave in after the United States reimposed sanctions on Tehran.
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Publish Date:26/August/2018 | 24:45

Effects of Sanctions on Food Consumption of the Poor

EghtesadOnline: It is now clear that the purpose of US sanctions against Iran is to make its people miserable enough so they pressure their government to agree to US demands.
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Publish Date:26/August/2018 | 05:42

Iran says no OPEC member can take over its share of oil exports

EghtesadOnline: Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
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Publish Date:19/August/2018 | 09:31

US May Impose Sanctions on China for Buying Iranian Oil

EghtesadOnline: The United States is prepared to impose sanctions on all countries that continue to buy Iran's oil, including China, after Washington starts reimposing bans on Iran’s energy sector. The announcement was made on Thursday by Brian Hook, the head of US State Department's newly-established Iran Action Group, after he was asked by reporters about the group’s plan for dealing with China, the National Iranian Oil Company's website reported.
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Publish Date:19/August/2018 | 07:29

TPO Clarifies Import Ban List to Foreign Traders

EghtesadOnline: The recent ban imposed on the import of certain products has caused serious problems for countries wishing to continue trade with Iran, despite United States' sanctions.
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Publish Date:18/August/2018 | 08:54

German Rail Operator, Deutsche Telekom End Iran Projects

EghtesadOnline: German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.
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Publish Date:18/August/2018 | 04:28

Iraq to Respect Dollar Ban But Not All US Sanctions on Iran

EghtesadOnline: Iraqi Prime Minister Haider al-Abadi stepped back from his proclamation to abide by new US sanctions on Iran on Monday, saying his government would only respect the dollar ban in transactions with Iran.
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Publish Date:15/August/2018 | 05:12

How Turkey’s Lira Crisis Could Impact Iran

EghtesadOnline: Over the past week, the value of Turkish lira collapsed yet another time. At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira’s slide will have a ripple effect on Iran’s economy.
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Publish Date:15/August/2018 | 05:08

US Sanctions on Iran Affect Trade With UAE

EghtesadOnline: The latest US sanctions against Iran are forcing many Iranian businesses in the UAE, which has recently become a trade hub of Iranian goods, to move to other countries like Turkey and Qatar.
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Publish Date:15/August/2018 | 04:58

Iraqi Premier to Visit Iran After Agreeing to Comply With US Sanctions

EghtesadOnline: Iraq’s Prime Minister Haider al-Abadi is to visit top trading partner Iran as well as Turkey next week, an official said on Saturday, days after Washington slapped new sanctions on Tehran and piled economic pressure on Ankara.
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Publish Date:13/August/2018 | 04:47

Oil Prices Up on Iran Sanctions While Future Contracts Decline

EghtesadOnline: Crude oil prices rose more than 1% on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline since investors worried that global trade disputes could slow economic growth and hurt energy demand.
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Publish Date:12/August/2018 | 07:03