Thursday, Apr 25, 2024

International Finance

Tag : Iran

Economy

Big banks still refuse transactions with Iran

International Finance Desk
by International Finance Desk
Fear backlash from US Suparna Goswami Bhattacharya September 08, 2016: Post-sanctions, things are not exactly smooth for Iran. Many international banks are not letting their customers carry out transactions with Iran. Recently, ANZ bank refused its customers transactions with Iran fearing a backlash from the US treasury. Though Australia has dropped trade sanctions with Iran,...
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Economy

Saudi, Russia to work together on oil prices

International Finance Desk
by International Finance Desk
Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...
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Economy

Iran sees record FDI

International Finance Desk
by International Finance Desk
Climbs three rankings with a market share of 11.11 percent among Middle East nations IFM Correspondent June 30, 2016: The volume of foreign direct investment (FDI) in Iran has reached the highest level in years since lifting of sanctions in January this year. Data from fDi Markets, an FT service that monitors cross-border greenfield investment,...
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Economy

Iran shifts tactics to lock in global energy allies

International Finance Desk
by International Finance Desk
Adopts fresh approach to crude oil blending, ropes in collaborators Daniel Colover June 23, 2016: Iran’s new approach to building energy allies is being revealed as the former powerhouse staggers back onto the global stage. The lifting of Western-imposed sanctions on January 17 has given the country a new lease of life. Tehran’s ability to...
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Economy

Iran to buy around 100 aircraft from Boeing

International Finance Desk
by International Finance Desk
Suparna Goswami Bhattacharya However, the deal may take time to come through as there are objections from various quarters June 16, 2016: Iran has finalised a deal with Boeing to buy passenger planes from the US aircraft manufacturer as part of an ongoing effort to upgrade its civil aircraft fleet. Though the deal has not...
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Company

Iran’s aviation market is waiting to be tapped

International Finance Desk
by International Finance Desk
Suparna Goswami Bhattacharya There is pent-up demand after years of sanctions but risks remain June 10, 2016: Iran has remained outside the international business community for close to 40 years now. Hence when sanctions were lifted this January, it was a gold rush for many. Being the 29th largest economy by GDP, Iran’s return to...
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Economy

World Bank cuts global growth outlook

International Finance Desk
by International Finance Desk
Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...
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Economy

Who will win over the Iranians?

International Finance Desk
by International Finance Desk
The battle for investment opportunities has just begun as the Middle East superpower opens itself to the world Suparna Goswami Bhattacharya May 25, 2016: From the time sanctions have been lifted on Iran, it has become a hot destination for investments globally. And there are ample reasons for this interest. First, one must understand the...
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Economy

Saudi Arabia cuts diplomatic ties with Iran

International Finance Desk
by International Finance Desk
Says Iran has a history of violating diplomatic missions in its country January 5, 2016:  Saudi Foreign Minister Adel bin Ahmed Al-Jubeir announced that Saudi Arabia is severing ties with Iran after the embassy attack in Tehran. During a press conference this evening in Riyadh, the foreign minister said that Iranian diplomats and staff have been given 48 hours to leave the Kingdom. Minister Al-Jubeir...
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Economy

What to expect in 2017

International Finance Desk
by International Finance Desk
OMFIF believes Trump’s ‘wayward behaviour and rhetoric’ will exacerbate the damage in geopolitics and economics IFM Correspondent January 2, 2017: The year 2016 was filled with action. The Official Monetary and Financial Institutions Forum (OMFIF), a research firm, expects 2017 to be along the same lines. Many lines of political and economic risk intersect the...
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