Financial Sector

France provides credit line for exporters to Iran

France opens a credit line for Iranian clients of French exporters, report Reuters. The line will avoid US dollar and any US passport holder, confirms the state-owned investment bank, Bpifrance. Credits will be available in […]

Energy

Oil production at West Karoun doubles

More than 305 thousand barrels of oil was produced per day at West Karoun oilfields in southwest of Iran over the month of Dey, i.e. late December to late January; nearly double as much as […]

Financial Sector

Parliament rejects the budget bill

For the first time in nearly four decades, outline of the budget bill was rejected by the Parliament on Sunday, reports Bloomberg. Although the budget bill was partially revised by Parliament’s budget committee, however its […]

Financial Sector

Iran asks billions from Deutsche Börse

Central Bank of Iran (CBI) has filed a suit against the German company, Clearstream, and Italian Bank UBAE. Clearstream, owned by Deutsche Börse, provides settlement and custody services for securities. It is based in Luxembourg […]

Banking

No new private bank in Iran

The Central Bank of Iran will no longer issue license for new private banks and money lenders, reports Bloomberg, following the new instructions given by President Hassan Rouhani. Several of illegal financial institutions which had […]

Climate

Khuzestan cannot breathe

Bloomberg nominates Ahvaz, the capital of Khuzstan province in south-western region of Iran to be among the most polluted cities in the world. Sever dust storm over this week caused the schools and offices to […]

Automotive

What may German companies lose by waiting

Handelsblatt, the German newspaper, warns the German companies about losing the opportunities in the Iranian market, moving much too much cautiously, while other European and Asian countries are already in operation with their Iranian partners. […]

Automotive

Iranian market’s contribution in PSA’s growth

After the nuclear-related sanctions on Iran were lifted in 2016, French carmakers managed to resume their activities in the country almost immediately. This week, Reuters reported that French carmaker PSA’s (PEUP.PA) global sales jumped by […]

Financial Sector

Airbus may take longer to deliver jets to Iran Air

Airbus confirms that Iran will receive the jets it has ordered after the nuclear deal, but it may takes longer as predicted, reporter Reuters. European planemaker Airbus and its U.S. rival Boeing have agreed to […]