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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

Zanganeh Bemoans Financial Constraints on Oil, Gas Projects

EghtesadOnline: Iran's energy industry has been on an upward path since the lifting of sanctions, but financial constraints could keep in check some of the country's biggest oil and gas development projects, Oil Minister Bijan Namdar Zanganeh said.
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Publish Date:21/January/2018 | 13:31

Iran Tanker Company Signs Over 200 Charter Deals in 2 Years

EghtesadOnline: The National Iranian Tanker Company has signed over 200 leasing contracts for its vessels in two years since international economic curbs were lifted, the company's chief executive officer said.
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Publish Date:14/January/2018 | 16:24

2017: Iran’s Economy in Review

EghtesadOnline: The year 2017 has come to an end with Iran's economy having witnessed a host of developments, most of which resulted from the removal of international nuclear-related sanctions against the country a year earlier.
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Publish Date:14/January/2018 | 24:53

Flat Steel Consumption Rises as Auto Industry Grows

EghtesadOnline: The improved performance of Iran’s automotive industry this year, spurred by the removal of international sanctions in early 2016, had a positive effect on flat steel use and spiked consumption figures.
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Publish Date:14/January/2018 | 09:41

What to Expect If US Walks Out of JCPOA?

EghtesadOnline: The US is expected to decide tomorrow whether to continue to waive sanctions on Iran, as agreed under the 2015 nuclear deal formally known as the Joint Comprehensive Plan of Action.
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Publish Date:14/January/2018 | 08:01