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Sanctions Unlikely to Impact Iran’s Reinsurance Deals

EghtesadOnline: Iran’s reinsurance deals with foreign counterparts are not in danger of being revoked when US sanctions snap back in a maximum of six months, the chief executive of Iranian Reinsurance Company said.
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Publish Date:19/May/2018 | 04:40

US Threatens European Firms With Sanctions for Business With Iran

EghtesadOnline: The United States threatened on Sunday to impose sanctions on European companies that do business with Iran, as the remaining participants in the Iran nuclear accord stiffened their resolve to keep that agreement operational.
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Publish Date:15/May/2018 | 10:20

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

MRC: Most Banking Woes Unrelated to Sanctions

EghtesadOnline: After reviewing Iran’s conformance to a host of international banking regulations and standards, the research arm of the parliament has noted that the country’s banking woes are rooted internally and called for directing attention and resources to improve the system.
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Publish Date:15/May/2018 | 09:55

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

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

LME Keeps Status Quo on IRALCO After US Sanctions Snapback

EghtesadOnline: The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminum brand IRALCO after the United States said this week it will reintroduce nuclear-related sanctions on Iran, the bourse said in a notice to members on May 10.
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Publish Date:13/May/2018 | 09:17

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

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

MTN Fears Fund Repatriation Amid Fresh US Sanctions

EghtesadOnline: MTN Group Ltd. said efforts to repatriate about €200 million ($237 million) from its Iranian unit will become tougher after US President Donald Trump reinstated economic sanctions on the Islamic Republic.
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Publish Date:12/May/2018 | 10:32

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

Telecoms Giant MTN Faces Profit Repatriation Problem

EghtesadOnline: South Africa-based multinational mobile telecommunications company MTN faces the risk of not being able to repatriate about R4.6bn ($363 million) from Iran if US President Donald Trump persuades his allies in Europe to reimpose sanctions on the Middle Eastern nation.
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Publish Date:05/May/2018 | 05:19

Mir Business to Fast Track Iran-Russia Banking Ties

EghtesadOnline: As lackluster banking relations have hampered Iran’s economic prospects despite the lifting of sanctions after the implementation of the 2016 nuclear deal, it looks like the country’s ties with Russia and banking links are expanding.
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Publish Date:03/March/2018 | 10:59

US Looking East After Fining Europe Over Iran Business

EghtesadOnline: The US effort to put Iran in a financial bind meant European banks were paying big fines and closing off its money flows amid severe sanctions on the country’s banking and energy sectors. But as US enforcement officials would soon discover, Iran had found a new channel for its transactions: Asia.
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Publish Date:24/February/2018 | 06:25

Iran-Pakistan Trade Hampered by Absence of Banking Channels

EghtesadOnline: Trade Development Authority of Pakistan Secretary Inamullah Dharejo said bilateral trade with Iran is unlikely to see a surge as no Pakistani bank is ready to open its branch in the country due to international sanctions on Tehran.
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Publish Date:27/January/2018 | 06:42

Asia’s Iran Oil Customers Shrug Off Impact of Possible US Sanctions

EghtesadOnline: Asian importers of Iranian oil reacted coolly on Monday to the possible reimposition of US sanctions against Tehran later this year after US President Donald Trump on Friday maintained the 120-day waiver, but said it was for the final time and the last chance to rewrite the nuclear deal.
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Publish Date:21/January/2018 | 13:33