Middle-east Arab News Opinion | Asharq Al-awsat

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Iran’s Parliament speaker Ali Larijani sits during an open session of Parliament in Tehran, Iran, on Sunday, May 5, 2013. (AP Photo/Ebrahim Noroozi)

Iran negotiating with China to unblock EUR 22 billion of assets

by Ali M. Pedram | Nov 3, 2013 | Business

London, Asharq Al-Awsat—Iran and China will reach an agreement to unblock up to EUR 22 billion of Iranian assets, mainly from oil export revenues, as a result of Iranian parliamentary speaker Ali Larijani’s high-profile visit to China last week, Iranian media are...

Iran thaw warms Western oil company interest

by Asharq Al-Awsat | Oct 4, 2013 | Business

London, Reuters—The tempting taboo of Iran’s oil and gas riches has moved a step nearer for Western oil companies, lining up to woo Tehran if sanctions finally succumb to a diplomatic thaw. US oil firms—barred by Washington from Iran for nearly two...

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European foreign policy chief Catherine Ashton talks with journalists as she arrives for an informal meeting of EU Ministers for Foreign Affairs at the National Museum– Palace of the Grand Dukes of Lithuania in Vilnius, Lithuania, on Friday, September 6, 2013. (AP Photo/Mindaugas Kulbis)

EU court deals Iran sanctions regime a blow

by Asharq Al-Awsat | Sep 6, 2013 | Business

Brussels, AP—In a setback for Western efforts to tighten sanctions against Iran, a top European Union court on Friday threw out penalties imposed on several Iranian businesses for their alleged ties to the country’s disputed nuclear program. The ruling by the...

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Iranian President Hasan Rouhani speaks during a debate in parliament on his proposed cabinet, in Tehran, Iran, Monday, Aug. 12, 2013. (AP Photo/Ebrahim Noroozi)

Rouhani stresses commitment to tackling Iran’s economic challenges within 100 days

by Ali M. Pedram | Aug 25, 2013 | Middle East

London, Asharq Al-Awsat—On Saturday, Iranian president Hassan Rouhani reiterated his commitment to tackling Iran’s longstanding economic problems within the ambitious 100-day timeframe he gave himself during his election campaign. While Rouhani warned that the Iranian...

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This undated file handout photo shows iron ore being stockpiled for export. (AFP PHOTO/FILES/BHP Billiton)

Iran boosts iron exports to China, India as oil sales slump

by Asharq Al-Awsat | Aug 24, 2013 | Business

New Delhi/London, Reuters—Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at least a small part of the massive revenue that has been lost due to sanctions on its oil sales. While Iran’s oil exports have...