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Iran Deal

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

With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

Trade

Iran considers options other than SPV: FM spox

Iran’s Foreign Ministry Spokesman Bahram Ghassemi said although we still hope that Europe will fulfill its obligations under JCPOA, Iran pursues different options with other countries like Russia, China, India and Turkey.

Trade

Iran to sell 3mn barrels more of its crude on Energy Exchange

Irans highest oil official says the third offering could take place "as early as next week" after one million barrels were sold in October and November dealings.

Energy

Chinese company develops Iran’s Abadan refinery

Although Chinese state-controlled oil company has been reportedly foreced to cease operations at the largest natural gas reserve in the Persian Gulf, another Chinese company is still operating in Iran.

Energy

Iran unveils upbeat budget despite US sanctions

The bill defies unilateral US sanctions and goes against forecasts the economy will shrink next year.

Financial Markets

‘Swiss payment channel with Iran could be in place by mid-January’

European countries have been trying to create a legal financial mechanism to keep up trade with Iran after Donald Trump Administration withdrew the US from the 2015 nuclear deal in May.

Trade

Foreign companies eye Iran crude on Energy Exchange

After Washington unilaterally walked away from the 2015 nuclear deal signed with Iran, Europe, Russia and China, Tehran moved to cushion the consequences of renewed economic sanctions on its vital oil sector.

Energy

Global traders halt new Iran food deals following US sanctions

Although the US Treasury says humanitarian goods like food and medicne have been exempted from the renewed economic sanctions on Iran, a Reuters study has found out that blocked banking channels have stopped imported food supply into the country.

Trade

Iran private sector urges Tehran-Ankara barter trade

Iran Chamber of Commerce President has urged Tehran and Ankara to set up barter trade to further expand bilateral economic relations.

Trade

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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