Wednesday 24 August 2016
 
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Sanctions

German exports to Iran soar after removal of sanctions

German exports to Iran, mostly machines and equipment, jumped in the first half of the year following the removal of international sanctions against the Islamic Republic, official trade data showed on Monday. Exports to Iran surge

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US sanctions N Korea leader over rights abuses

The United States on Wednesday sanctioned North Korean leader Kim Jong Un for the first time, citing "notorious abuses of human rights," in a move diplomats say will infuriate the nuclear-armed country. The sanctions, th

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Small banks help Iran restore foreign financial ties

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks, Iranian officials and foreign bankers say.

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Small banks help Iran restore foreign financial ties

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks, Iranian officials and foreign bankers say.

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Iran rules out oil output accord

Iran said on Wednesday it would not commit to any oil-production action with fellow Opec members when the group meets this week despite being close to pre-sanctions output and export levels. Tehran has been the main stumbling bloc

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Russia eyes Mideast foreign investment drive

Russia, which has attracted $23 billion from the Gulf over the past several years, is once again focussing on the region, even as low oil prices prompt Middle East nations to launch diversification programmes by investing abroad.

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European banks still wary on Iran trade

European banks are holding back from business with Iran partly due to worries they might breach remaining sanctions, despite assurances from US and European politicians that they can legally resume ties, officials said. Internatio

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Iran oil exports to S Korea rise four-fold

Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanctions were lifted in January, Oil Minister Bijan Zanganeh was quoted as saying on Sunday by the Shana news agency. Ir

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S Africa president in Iran to develop trade

South African President Jacob Zuma arrived in Iran on Sunday to strengthen political, trade and investment ties after crippling international sanctions against the Islamic Republic were lifted earlier this year, his office said. S

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Iran can add 500,000 bpd oil supply in a year: IEA chief

Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January, but developing new fields would take time, the head of the International Ene

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