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Iran business

  • EghtesadOnline: Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks.

  • EghtesadOnline: German automotive supplier Duerr has halted its activities in Iran, which has been hit by the reintroduction of US sanctions this week, including threats to blacklist any company trading with the Islamic Republic.

  • EghtesadOnline: The Swiss government regrets the “deteriorating” situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an "informed basis", it said on Thursday.

  • EghtesadOnline: Germany will continue to offer export and investment guarantees for companies doing business with Iran, its economy ministry said on Monday, adding that Berlin remained in dialogue with the US on exemptions for German companies from Iran sanctions.

  • EghtesadOnline: The Oesterreichische Kontrollbank AG (OeKB) will issue guarantees for the overwhelming majority share of Iran-Austria trade, the president of Vienna Economic Chamber has said.

  • EghtesadOnline: Chinese enterprises will not pull out of Iran after US sanctions kick in, but they may face a tough business environment due to pressure from the US, Chinese analysts said following reports that the US demanded China and other countries cease imports of crude oil from Iran.

  • EghtesadOnline: German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.

  • EghtesadOnline: Two Indian banks have asked exporters to complete their financial transactions with Iran by August in response to the threat of new US sanctions, according to the country’s main exporters’ organization and bank letters seen by Reuters.

  • EghtesadOnline: Euro-denominated financing set up by European countries to trade with Iran will not be enough to sustain economic ties with Tehran in the face of US sanctions, an adviser to the French president said on Tuesday.

  • EghtesadOnline: With the government’s rescue package reining in the foreign exchange market, the private sector once again voiced its objection over the administration’s adamance on keeping the national currency strong at all cost.