For full coverage of business developments in Iran and the Middle East, see MEED The full text of the agreement for the redesign of Arak’s heavy-water reactor so that it can no longer produce weapons-grade plutonium has been released by…
Month: November 2015
Iran to lift foreign ownership ceiling; set up cross-border JV banks; guarantee investments; adopt Basel III
Central Bank of Iran governor Valiollah Seif For full coverage of business developments in Iran and the Middle East, go to MEED The full text of Central Bank of Iran governor Valiollah Seif’s speech to the 25th Frankfurt European Banking Congress…
Minya and Readymix sale completed
Qalaa Holdings Chairman and Founder Ahmed Heikal For full coverage of Middle East business events, see MEED ASEC Cement, a business unit of Qalaa Holdings reached financial close today on the sale of its holdings in subsidiaries ASEC Minya Cement and…
New oil contract to be unveiled on 28 November
Head of Iran’s oil and gas contracts restructuring committee Mehdi Hosseini For full coverage of Middle East business events, see MEED Iran’s new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks,…
APICORP forum says diversification and subsidy reform are biggest issues
For full coverage of Middle East business events, see MEED Subsidy reform and further economic diversification away from oil and gas are the most critical elements in overcoming the current squeeze on government revenues resulting from a sustained period of…
Iran suspends car loan programme on soaring demand
Iran’s automotive industry accounts for 10 per cent of GDP and is the largest in the Middle East. An unexpectedly strong response to a Central Bank of Iran-backed programme of providing consumer loans has led to the scheme being suspended following…
BBC reports Iranian banks unprepared for world after sanctions
For complete coverage of business developments in Iran and the Middle East, see MEED The BBC has posted a report on the readiness of Iranian banks to deal with developments after sanctions are lifted, which could be before the end…
IAEA governors meet on Thursday; Iran the top issue
For full coverage of Iran and the Middle East, see MEED The IAEA Board of Governors will convene a meeting at the agency’s headquarters in the Vienna International Centre starting at 1030 Central European Time (CET) on 26 November. Board…
Iran link proposed in China’s Silk Road high speed rail line
For complete coverage of business developments in Iran and the Middle East, see MEED A railway link between Ashghabat in Turkmenistan to Tehran is part of a plan to build a Silk Road high speed railway line from China through…
IAEA Iran report to be ready by early December; end of sanctions by end of year increasingly likely
For full coverage of business developments in Iran and the Middle East, see MEED. Iran’s representative to the International Atomic Energy Agency (IAEA) Reza Najafi said on 20 November that the IAEA will announce its final assessment about Iran’s nuclear…