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UK reopens Tehran embassy
Aug20

UK reopens Tehran embassy

Britain reopen its Tehran embassy, the scene over the years of numerous historical dramas, and thereby opened itself to delicate international brinkmanship amid an almost universal regional disdain for the West’s overture to Iran after the six-party nuclear agreement. In Britain and Europe at large, Britain’s move was universally welcome and followed similar overtures by Germany, France and other members of the European...

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Iran n-deal will ease sanctions burden on banks
Aug19

Iran n-deal will ease sanctions burden on banks

The Iran nuclear deal likely will ease pressure on banks to watch out for any potential violations of international sanctions linked to that country, UK law firm Zaiwalla said [19 August 2015]. The plethora of sanctioned entities that banks have to avoid in order not to get punished by regulators has grown over the years. In the year to July 2015 alone, the number of sanctions imposed by the UK rose by 3% from 2,401 to 2,477. Similar...

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CI upgrades Export Development Bank of Iran
Jul29

CI upgrades Export Development Bank of Iran

Capital Intelligence (CI), the international credit rating agency based in Cyprus, revised (29 July 2015) the Outlook on the Long-Term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘Positive’ from ‘Stable’. The rating action follows the recent change of Outlook on Iran’s sovereign Long-Term FCR of ‘B’ from ‘Stable’ to ‘Positive’, following the agreement that was reached between Iran and the P5+1 group of...

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Iran’s outlook seen as ‘Positive’ by rating agency
Jul23

Iran’s outlook seen as ‘Positive’ by rating agency

Despite numerous controversies concurrently clouding Iran’s recent political gains, especially after the nuclear agreement, Iran’s economic outlook continues to be on the mend. The latest rating action by Capital Intelligence (CI), the international credit rating agency, affirms Iran’s Long-Term Foreign and Local Currency Ratings of ‘B’, and its Short-Term Foreign and Local Currency Ratings of ‘B’. At the same time, the...

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Iran nuclear deal: The view from IISS
Jul22

Iran nuclear deal: The view from IISS

Few nuclear agreements in the technology’s history have been so transformative for the protagonists as the Iran nuclear agreement. Not only has the 14 July 2015 deal plucked Iran out of international isolation (as perceived in the West, though Iran never was ostracised internationally as such) it has also brought the industrial world arrayed against it the promise, as Iran reopens to western business, of timely relief from its...

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