Iran sanctions - page 6

EghtesadOnline: The Governor of Central Bank of Iran (CBI) said on Saturday that the JCPOA has terminated all nuclear-related sanctions.

EghtesadOnline: Iran-Austria trade stood at $377 million in 2016, but it will soon increase to reach the highs before international sanctions hit the Islamic Republic.

EghtesadOnline: Official figures show Iran’s imports from China saw a major rise over the past four years in what is seen as a result of the removal of sanctions against the country and the subsequent return of global shipping lines to its ports.

EghtesadOnline: Aryan, a 26-year-old with a master’s degree in engineering, showed impeccable timing when he returned home to Tehran from Canada. It was early 2016, and a decade of economic sanctions was drawing to an end, boosting Iran’s economy and kicking off a scramble for the country’s small pool of white-collar professionals. The job offers piled up. “Abroad, you’re a small fish in a big pond,” says Aryan as he unwinds in a garden cafe after a day spent drafting investment strategies for clients of the European consulting firm he works for. (He asked that his last name and the name of his employer be withheld.) “Here, each person can be the first to launch something or become a leader in their field.”

EghtesadOnline: Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after international sanctions were lifted last year, the first time ever it has claimed the No.2 spot on a quarterly basis.

EghtesadOnline: The Fourth Iran-Europe Banking and Business Forum is to focus on investment opportunities in Iran and banking system improvements in the post-sanctions era, the head of Iran's Monetary and Banking Research Institute said.

EghtesadOnline: Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source.

EghtesadOnline: Finance Minister Ali Tayyebnia said investment memoranda of understanding (MoUs) worth of 50 billion dollars have been signed in the form of finance in the country’s economic projects after JCPOA.

EghtesadOnline: The initial frenzy over Iran as a land of opportunity coming out of years of sanctions might have lost steam for foreigners seeking to tap into it, as the past two years since the nuclear deal were riddled with impediments to resumption of economic ties.

EghtesadOnline: The government of Sweden has reportedly authorized a local business to create a mechanism based on a globally popular virtual currency to transfer funds to Iran. The move is already believed to have the potential to facilitate investing in the Islamic Republic where transferring money in and out became complicated as a result of years of restrictions as well as US primary sanctions.

EghtesdaOnline: The case against a Turkish banker arrested at a New York airport last week moved a step closer to a trial after a U.S. grand jury accused him of conspiring to help Iran launder money through the U.S. financial system.

EghtesadOnline: Former New York Mayor Rudy Giuliani’s part in helping defend a Turkish-Iranian businessman may come under more scrutiny in a Manhattan court.

EghtesadOnline: Unilateral economic sanctions and other threats against countries are blatant violation of international law, an Iranian lawmaker said on Sunday.

EghtesadOnline: A member of Russia’s Civic Chamber hailed the economic activities in Iran, saying the current Iranian government changed the sanction-stricken economy into a regional and extra-regional power.

EghtesadOnline: German exports to Iran rose by 26% last year and by more than 30% in January alone, says an economist at Germany’s Chamber of Commerce and Industry, known by its German acronym DIHK, as trade between the two countries picks up after sanctions were lifted.

EghtesadOnline: The biggest state-owned bank on Turkey’s stock market plunged the most on record on Wednesday after its deputy chief executive was arrested in the U.S., accused of using his position at the bank to help facilitate evasion of U.S. sanctions on Iran.

EghtesadOnline: A senior executive at one of Turkey’s largest state-owned banks was arrested in the U.S. on charges of conspiring to evade trade sanctions on Iran, escalating a case that has prompted diplomatic tensions and political maneuvering between the two countries.

EghtesadOnline: The British Department for International Trade in a new post-sanction notice announced that Iran list was removed from GOV.UK.

EghtesadOnline: A company in Sweden has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran.

EghtesadOnline: New Zealand says it has postponed a plan to export lamb to Iran – in what it says would be the first step to resume post-sanctions trade with the country – until December.