Turquoise Partners chief executive Ramin Rabii For full coverage of business events in Iran, see MEED Turquoise Partners, the Tehran-based services group, has announced it is launching an Iran-focused private equity fund in partnership with REYL Finance (MEA) Ltd, REYL…
Category: Iran
EIA says Iran oil to rise 400,000 b/d
For full coverage of Middle East business, see MEED The US’ Energy Information Administration (EIA) said in a report issued on 22 January that Iran’s crude oil production is expected to reach 3.3m b/d at the end of 2016 and 3.7m…
IMF says Iran makes progress
For full coverage of Middle East events, see MEED The Islamic Republic of Iran has made progress in improving macroeconomic conditions in a difficult economic environment but challenges continue to lie ahead for the country in light of the recent…
In the Gulf game of nations, Iran and Saudi Arabia are well matched
Iran and Saudi Arabia are longstanding rivals — like Barcelona and Real Madrid — but they are now playing according to new rules policed by the great powers. Iran, freed from most international sanctions on 16 January, and Saudi Arabia,…
Daimler to re-enter Iran market
For full coverage of business developments in Iran, see MEED Germany’s Daimler said today that it had signed letters of intent with Iran Khodro Diesel (IKD) and the Mammut Group. The areas of cooperation include a joint venture for local…
Iran’s foreign banks accounts to be freed Monday
For full coverage of business events in Iran, see MEED Deputy governor of the Central Bank of Iran Gholamali Kamyab said today that Iran’s blocked accounts in foreign banks will be reopened as of Monday. He also told a press…
US agrees $1.7bn Hague payment to Iran
For full coverage of business events in Iran, see MEED The US is to repay Iran a $400 million debt and $1.3 billion in interest dating to the Islamic revolution, Secretary of State John Kerry said today. The repayment,…
EU to send energy mission to Iran
For full coverage of business events in Iran, see MEED The European Commission will undertake a first “technical assessment mission” in February to explore energy ties with Iran following the lifting of international sanctions, European Climate and Energy Commissioner Miguel…
World waits for Iran sanctions deal
Confirmation that today would be Implementation Day under the Joint Comprehensive Plan of Action (JCPOA) is still pending in Vienna tonight where world leaders converged in anticipation of the end of international sanctions against Iran. The nuclear agreement will take…
Iran near to complying with nuclear deal
Iran is close to complying with all the conditions in the Joint Comprehensive Plan of Action (JCPOA) agreed with the US, China, Russia, France, the UK and Germany, US Secretary of State John Kerry said today. “We are days away…