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Maersk Tankers, Torm Refuse to Call at Iran Ports

EghtesadOnline: As the countdown begins for the restoration of US sanctions on Iran, many shipping companies such as Maersk Tankers and Torm are already refusing to call on Iranian ports, fearing complications related to processing freight and insurance-related payments, industry sources said on Monday.
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Publish Date:15/May/2018 | 10:13

Germany Dithers on Shielding Firms From Fresh US Sanctions

EghtesadOnline: Germany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.
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Publish Date:14/May/2018 | 24:17

Turkey Will Keep Trading With Iran

EghtesadOnline: Turkey will continue its trade with Iran as much as possible and will not be answerable to anyone else, Economy Minister Nihat Zeybekci said on Tuesday, after US President Donald Trump said the United States was withdrawing from the 2015 Iran nuclear deal.
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Publish Date:13/May/2018 | 13:49

France Vows Pushback Against US Sanctions on Iran

EghtesadOnline: France pledged on Friday to push back against the threat of US sanctions against French companies doing business with Iran, in the wake of Washington’s withdrawal from the international nuclear agreement with Tehran.
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Publish Date:13/May/2018 | 13:46

Germany Ready to Help Firms Keep Doing Business in Iran

EghtesadOnline: Germany is ready to help minimize the impact on its businesses of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear accord, German Economy Minister Peter Altmaier said on Friday.
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Publish Date:13/May/2018 | 13:44

How Europe Could Save Iran Nuclear Agreement

EghtesadOnline: Foreign ministers from Germany, France and the UK on Monday will meet with Iranian officials to save the multilateral Iran nuclear agreement strung together by former US president, Barack Obama, and breached unilaterally by US President Donald Trump.
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Publish Date:13/May/2018 | 13:38

Banking Sector to Take No Hit From US JCPOA Exit

EghtesadOnline: Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US withdrawal from the deal, a senior banking official said.
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Publish Date:13/May/2018 | 09:19

Forex, Gold Rally in Tehran Open Market

EghtesadOnline: Iran's foreign exchange and gold markets have witnessed historic rallies in the past few days as May 12 approaches, a date when US President Donald Trump is widely expected to deal a fresh blow to the country's landmark multilateral deal with world powers.
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Publish Date:12/May/2018 | 10:59

Iran, China, Philippines to Develop Economic Ties

EghtesadOnline: Officials from Iran, China and the Philippines agreed to develop economic ties after the historic 2015 nuclear deal that put an end to a decade of international sanctions on Iran’s economy.
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Publish Date:12/May/2018 | 10:47

Seif: US Decision Not to Impact Economy

EghtesadOnline: The US decision regarding Iran’s nuclear deal, whatever that may be, will not cause any disruption to the country’s economy, the governor of the Central Bank of Iran said.
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Publish Date:12/May/2018 | 10:46

6m Presold Coins to Calm Gold Market

EghtesadOnline: Close to six million gold coins are to enter the market by the time the current Iranian year ends in March 2019 and this is expected to deflate the bubble in gold prices, which was formed ahead of the US decision on Iran’s nuclear deal, according to the spokesman of the Central Bank of Iran.
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Publish Date:12/May/2018 | 10:41

CBI: Forex Situation Stable Despite US JCPOA Pullout

EghtesadOnline: The Central Bank of Iran announced on Wednesday that foreign exchange resources and expenditures are under full control and the banking system is prepared to meet all the hard currency needs of the country.
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Publish Date:12/May/2018 | 10:34

US Deal Violation Creates Opportunity for Reforms

EghtesadOnline: US President Donald Trump took the harshest stance possible and promised the full return of sanctions when he withdrew from Iran's UN-endorsed nuclear deal with world powers on Tuesday, but many inside Iran have interpreted this as a positive development.
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Publish Date:12/May/2018 | 10:30

China to Be Major Beneficiary of US’ Iran Nuclear Deal Pullout

EghtesadOnline: The decision of US President Donald Trump’s administration to unilaterally withdraw from the Iran nuclear deal is leading to speculation about how much China will be willing to stick out its neck to fill the gap amid the possible closing off of Iran’s economy to the West.
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Publish Date:12/May/2018 | 10:23

Impact of JCPOA Pullout on Iran's Housing Sector Uncertain

EghtesadOnline: Iran’s housing sector has been showing signs of exiting a deep recession that had undermined the country’s overall growth for more than five years, but US President Donald Trump’s pullout on May 8 from the Joint Comprehensive Plan of Action, Iran’s multilateral nuclear deal, also cast a pall over the sector.
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Publish Date:12/May/2018 | 10:22