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Iran Deal

Iran-EU trade rises by more than 6% to hit €16.5bn in Jan-Oct 2018

Figures released by the European Union statistical office show the trade volume between Iran and the 28 European states rose 6.66% before Donald Trump withdrew the US from the 2015 nuclear deal and reimposed sanctions on the country.

Trade

Iran asks EU to press US to allow Airbus deliveries

After the 2015 nuclear deal, Iran purchased 100 passanger aircraft from the French company. However, after unilateral US withdrawal from the agreemnt, Airbus failed to deliver 97 more planes ordered by Tehran.

Transportation

Iran carries out first overhaul of its new Airbus A321

After Donald Trump withdrew the US from the JCPOA, Washington reimposed sanctions on Iran’s economy, oil and banking sectors. As a result, the country’s flag-carrier airliner Iran Air has been forced to overhaul itself one of its Airbus planes.

Transportation

German exports to Iran up despite US sanctions

Germany Small and Medium-sized companies, also known as the Mittelstand, are leading the exports to Iran despite the restoration of US sanctions in November.

Trade

EU-Iran trade vehicle could be ready by year-end: Mogherini

Rushing to keep its end of the bargain by the years end, the European Union says its getting closer to putting in place a Special Purpose Vehicle (SPV) to make sure Iran keeps benefiting from the nuclear deal, signed in 2015 but ditched by the US unilaterally this May.

Trade

Oil deal with Europe close despite Trump threats: Zarif

Iran’s Foreign Minister Mohammad Javad Zarif said Tehran was closing in on an agreement to sell oil to European nations despite American threats of sanctions against any country that does business with Iran.

Energy

EU eyes Iran SPV for trade before November

The European Union’s foreign policy chief, Federica Mogherini, said on Wednesday a so-called Special Purpose Vehicle (SPV) under consideration to facilitate trade with Iran could be in place “before November.”

Trade

EU to announce new payment system with Iran in 6 weeks

The European Union’s biggest economic powers are planning to create a “special purpose” financial company by November 1, to thwart US President Donald Trump’s sanctions and help Iran continue to sell oil in Europe and do business transactions.

Trade

EU, China in full coordination to save Iran Deal: Mogherini

The European Union and China say they will do their utmost to keep afloat an international agreement to stop Iran developing nuclear weapons despite the U.S. abandoning the pact.

Trade

Zarif begins tour to gauge intl. seriousness on JCPOA

Foreign Minister Mohammad Javad Zarif has embarked on a whirlwind diplomatic tour to gauge international readiness to guarantee Irans interests if it decides to remain in a nuclear deal after US withdrawal.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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