iran sanctions

Extension of Iran Sanctions Act Passes U.S. Congress

By Patricia Zengerle WASHINGTON, Dec 2 – The U.S. Senate passed a 10-year extension of sanctions against Iran on Thursday, sending the measure to the White House for President Barack Obama to sign into law and delaying any potentially tougher actions until next year. The measure passed by 99-0. It passed the House of Representatives

[ Read More ]

Iran Pushes U.S. for More Access to Global Financial System

By Bozorgmehr Sharafedin DUBAI, April 16 – Iran’s main goal in its nuclear talks with world powers was to secure access to the global financial system, and the United States must now do more to remove obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif said on Saturday. In January, world powers led by

[ Read More ]

Nail Polish and Mascara: Beauty Brands Eye Up Iran

By Hadeel Al Sayegh and Bozorgmehr Sharafedin DUBAI, April 17 – When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and scepticism among image-conscious young Iranians. Despite — or perhaps partly because of — strict Islamic dress codes, cosmetics

[ Read More ]

U.S. to Clarify Iran Rules, but Tehran Must Reassure Wary Firms

By Roberta Rampton and Arshad Mohammed WASHINGTON, April 1 – The United States will try to help foreign companies become more at ease doing business with Iran after last year’s nuclear deal, but Tehran must also reassure them it is a safe place to invest, President Barack Obama said on Friday. Iranian officials have complained

[ Read More ]

U.S. Arrests Turkish Businessman Accused of Evading Iran Sanctions

By Nate Raymond NEW YORK, March 21 – An Iranian-born Turkish businessman has been arrested in Florida on charges that he and others conspired to conduct hundreds of millions of dollars in financial transactions for the Iranian government or other entities to evade U.S. sanctions. Reza Zarrab, 33, was charged in an indictment filed in

[ Read More ]

Iran Tests More Missiles, ‘Capable of Reaching Israel’

By Sam Wilkin and Bozorgmehr Sharafedin DUBAI, March 9 – Iran’s Islamic Revolutionary Guards Corps (IRGC) test-fired two ballistic missiles on Wednesday morning that it said were designed to be able to hit Israel, defying a threat of new sanctions from the United States. The launches followed the test-firing of several missiles on Tuesday as

[ Read More ]

Iran Must Privatize Car Industry: President Rouhani

DUBAI, March 1 – Iran’s car industry must be privatised to meet the government’s goal of turning it into a global competitor, the president said on Tuesday, sending a strong signal of his intention to open up the country’s economy to world markets. Hassan Rouhani said Iranian carmakers, which form the second biggest sub-sector of

[ Read More ]

Oman Fund, Iran’s Khodro Sign MoU for Auto Venture

By Fatma Alarimi MUSCAT, Jan 27 – An Omani sovereign wealth fund has signed an understanding with Iran’s biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a $200 million auto plant in Oman, a fund official said on Wednesday. The memorandum of understanding is one of the first signed between a

[ Read More ]

Economic Growth Crucial to Defeating Terrorism – Iran’s President

ROME, Jan 26 – Iran wants to become a major exporting nation following the lifting of international sanctions, Iranian President Hassan Rouhani said on Tuesday, adding that economic growth was crucial to defeating extremism in the Middle East. Rouhani is on a four-day visit to Italy and France, where he is looking to rebuild Iran’s

[ Read More ]