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US sanctions

US exports to Iran soar to 10-year high in 2018 despite own sanctions

The increase in US exports to Iran happens while Washington has imposed two rounds of punitive measures on Tehran and it continues to press Europe to avoid trade with Iran.

Trade

Norwegian Air flies stuck Boeing out of sanctions-hit Iran

A Boeing commercial airliner that belongs to budget carrier Norwegian Air and was stranded in Iran after an emergency landing in December has left arrived in Stockholm after being stuck for two months.

Transportation

Europe registers INSTEX, Iran welcomes move

The long-awaited special purpose vehicle to facilitate Iran-EU trade in the face of renewed US sanctions has officially been put in place in France. It’s waiting for a similar Iranian entity and several other factors to become operational.

Financial Markets

Iran private sector proposes barter trade, more banks to facilitate India trade

Iran Chamber of Commerce, Industries, Mines and Agriculture president has called for barter trade between Tehran and New Delhi in a bid to offset the financial challenges that have heavily affected Irans trade with other countries.

Iran Chamber

Iran finds new oil buyers despite US sanctions

Iran official says despite U.S. pressures on Iranian oil market, the number of potential buyers of Iranian oil has significantly increased due to a competitive market.

Energy

Iran mulls slashing zeros from currency

The idea was floated in 2008 under the previous administration of President Mahmoud Ahmadinejad but didnt move forward. The current situation with recent rial devaluation has spurred authorities to push it forward.

Financial Markets

Iran bans foreign product advertisement to bolster domestic economy

Faced by Washingtons punitive measures since Trump Administrations abandoning of the 2015 international nuclear deal, Iran is exploring avenues to enhace its own economy rather than rely on foreing imports.

Mine and Industry

Norwegian Air struggling to get stuck Boeing out of sanctions-hit Iran

The aircaft had to make an emergency landing in the Iranian city of Shiraz in December following an engine problem. The company is facing troubles to get spare parts into Iran to rapair de plane due to the US sanctions.

Transportation

Europe to continue work on SPV in 2019: Mogherini

It was supposed to be put into place by the end of 2018, however it did not come through. Now, the head of the continent foreign policy is promising to keep working on that this year.

Trade

India exempts rupee payments for Iran oil from hefty taxes

India was granted a US waiver to keep buying Iranian oil in November after Washington revivded economic sanctions on Tehan. But, the money for the sold has not made its way back to Iran as the sanctions have paralysed dollar-based financial transactions.

Energy

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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