by Asharq Al-Awsat | Feb 27, 2014 | Business
London, Reuters—Iran’s oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up. Iran and...
by Asharq Al-Awsat | Feb 18, 2014 | Business
London, Reuters—Iran’s largest private bank is suing the British government for almost 4 billion US dollars in damages after the UK’s Supreme Court quashed sanctions imposed against it over alleged links to Tehran’s nuclear program. Bank Mellat wants...
by Asharq Al-Awsat | Feb 18, 2014 | Business
Moscow, Reuters—Russia could build a second reactor at Iran’s Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published on Monday. Russia could also supply Iran with trucks, railroad tracks,...
by Ali M. Pedram | Feb 16, 2014 | Business
London, Asharq Al-Awsat—The International Monetary Fund (IMF) published a report on Wednesday describing the Iranian economy as “weak” but said it was growing, at a time when signs of progress towards an agreement between Iran and the US and its allies over the...
by Asharq Al-Awsat | Feb 6, 2014 | Business
Tehran, Asharq Al-Awsat—A new food subsidies scheme introduced by President Hassan Rouhani to ease the financial burden on ordinary Iranians buckling under the country’s crippling economic conditions has caused controversy in the Islamic Republic. Complaints about the...
