Rachel Martin talks to New York Times Tehran correspondent Thomas Erdbrink about Iran’s scramble to complete commercial deals with the West as the Obama presidency draws to an end. Transcript:
The United States said on Tuesday it had issued a second license to France’s Airbus (AIR.PA) to sell commercial planes to Iran Air, bringing Iran’s flag carrier a step closer to receiving new Western jets under last year’s deal to ease sanctions.
Italy’s industry minister pledged on Tuesday to support business deals with Iran potentially worth billions of dollars, undeterred by fears
TEHRAN – In a meeting with the Governor of the Central Bank of Iran (CBI), Valiollah Seif, the visiting President of the French Parliament’s National Assembly (lower house), Claude Bartolone, announced his country’s readiness for the expansion of banking cooperation with Iran, the portal of CBI reported.
WASHINGTON — A House hearing on a U.S. cash payment to Iran turned into a heated political skirmish Thursday as a Republican congressman compared the payment to a “drug drop” by the Obama administration and the panel’s top Democrat led a walkout in protest of the “fiasco.”
WASHINGTON—The White House is pushing to ease the way for companies to complete deals with Iran, aiming to cement the landmark nuclear agreement reached last year and make it difficult for future administrations to undo it, senior U.S. officials said.
Iran says Western governments need to translate their words into action after they pledged not to stand in the way
The former government is the one that is actually responsible for a recent US blockade of Iranian assets, Central Bank of Iran (CBI) President Valiollah Seif said.
British banks remain reluctant to finance trade with Iran, fearing they could still be targeted by existing U.S. sanctions that
Treasury Secretary Jacob Lew said April 11 that the United States “will keep our part of the bargain” in providing sanctions relief to Iran in return for curbs on its nuclear program, but that the Barack Obama administration would not allow even limited access to the US financial system.
Boeing Co. offered Iranian airlines three models of new aircraft to replace the country’s aging fleet during the first visit by the Chicago-based manufacturer in decades, the Islamic Republic’s state-run news agency reported Monday.
Iran will receive only a fraction of the $500 billion it needs to modernize its infrastructure because foreign banks are still unwilling to risk penalties from the U.S. Treasury, a major domestic construction company said.
Following the Iran nuclear deal, international sanctions are being rolled back. While president Rouhani hopes to attract foreign investments, the issue remains contentious.
DUBAI : Iran complained on Saturday that European banks and companies were too wary about renewing business ties following the lifting of economic sanctions and said it had asked the International Monetary Fund (IMF) to ease their concerns.
Spanish refiner Cepsa offloads first tanker with Iranian crude France and Romania await cargoes as Iran slowly ramps-up sales Bloomberg
LONDON—The chief executive of General Electric Co.’s oil-and-gas business has visited Tehran to explore business opportunities there, the company said, the first known visit by an energy executive of an American company since before Western sanctions were imposed on Iran over its nuclear program.
Economic sanctions against Iran have been lifted, but some sanctions still apply. A pair of attorneys at the global Pillsbury law firm claim that screening rules still exist when trading with Iran, which means complications for anyone in the U.S. and European Union (EU) doing bitcoin transactions with parties in Iran, according to City A.M., a London, U.K. newspaper.
TEHRAN — A political battle is taking shape in Iran over any new foreign role in developing the country’s enormous oil wealth, only a few weeks after the Iranian nuclear deal with foreign powers relaxed tough economic sanctions.
By The Associated Press Iran says it now has access to more than $100 billion worth of frozen overseas assets
Away from the offices and hotels where Iranian officials greet foreign executives, the narrow, winding walkways of Tehran’s bazaars are a stream of chattering shoppers stocking up on reality.