EghtesadOnline: The US administration’s decision to pull the plug on the Joint Comprehensive Plan of Action, the formal name of the nuclear deal struck between Iran and world powers, including the United States, in 2015 and impose more elaborate sanctions on Iran has numerous implications, not all of which are necessarily negative.
EghtesadOnline: US Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin rejected a request from European leaders for broad-based waivers from sanctions the US will reimpose on countries that do business with Iran after US President Donald Trump backed out of the 2015 nuclear accord.
EghtesadOnline: The Iranian government's balance sheet for the last fiscal year (March 2017-18) shows major improvement compared to the preceding year, as revenues got a boost in line with curbs on spending.
EghtesadOnline: Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai.
EghtesadOnline: Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after president, Donald Trump, in May pulled out of the nuclear program agreement with Tehran.
EghtesadOnline: The total volume of liquidity reached 15.3 quadrillion rials ($354.24 billion) by the end of the previous fiscal year on March 20, 2018, latest data released by the Central Bank of Iran show.
EghtesadOnline: Germany remains committed to the nuclear non-proliferation agreement with Iran that was rejected by US President Donald Trump, Chancellor Angela Merkel said on Monday, but it was for individual firms to decide if they wanted to invest there.
EghtesadOnline: German authorities have started investigating an Iranian government plan to fly out hundreds of millions of euros from Hamburg to Tehran.
EghtesadOnline: Major European countries party to nuclear negotiations with Iran, such as France, Germany and the UK, have agreed to maintain trade with Tehran independent of the US dollar, Russia’s Foreign Minister Sergey Lavrov said.
EghtesadOnline: Non-oil trade with the BRICS nations during the last fiscal (ended March 20) declined 8.68% in volume but increased 7.4% in value compared to the year before to stand at 53.82 million tons worth $29.08 billion, Financial Tribune’s data analysis based on the Islamic Republic of Iran Customs Administration’s statistics show.