Financial Tribune

  • European Gov’ts Exploring Financial Channels for Iran

    The French, British and German governments have told Iran they are exploring activating accounts for the Central Bank of Iran with their national central banks to open a financial channel and keep alive the Iranian nuclear deal, according to several European officials.
    The move is the first concrete sign that Europe could deliver on its promise to take steps to sustain the Iranian nuclear deal, setting European governments squarely against the Iran sanctions policy of the US administration aimed at isolating Tehran economically, Wall Street Journal reported.
    Following the US President Donald Trump's withdrawal from the deal in May, Iran has said it would stop complying with the nuclear deal unless it continues to receive the economic benefits of the 2015 agreement. That deal saw most international sanctions on Tehran lifted in exchange for strict but temporary restrictions on Iran’s nuclear work.

  • Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.

    Japan and the European Union signed a landmark deal on Tuesday that will eliminate nearly...

  • Production From SP  Oil Layer Resumes

    Crude production from the oil layer of South Pars in the Persian Gulf has resumed after FPSO Cyrus, the floating production, storage and offloading vessel on the hydrocarbon reservoir, had an accident last week.
    "FPSO Cyrus, which had a minor collision with the [Panama-flagged] SOL tanker on Saturday due to bad weather conditions, has become operational again," Mohammad Hossein Daneshfar, a senior official at the Iranian Offshore Oil Company, was quoted as saying by Shana.
    "The incident had caused slight damage to the vessel's body, hose and other offloading equipment, which was fixed by the company personnel in no time," he added.
    Iran began to extract crude oil from South Pars in March 2016 using FPSO Cyrus.

  • Video on Demand Services  Gaining Momentum in Iran

    The Iranian video on demand platform ‘Filimo’ has released its annual usership records, reporting a sharp rise in its traction during the past Iranian year which ended in March, with subscribers spending 1.154 billion minutes watching videos through the services, an outstanding %445 year-on-year hike. 
    Furthermore, through a blog post on Filimo’s website, the company reports a huge surge in its popularity with the number of its subscribers up 581% YoY. The company is yet to release the number of its users.
    The overall time of uploaded videos on the platform reached 581,000 minutes, indicating a 73% growth compared to the 336,000 minutes a year earlier.
    During the period, the number of movies and TV series’ episodes available on Filimo increased 114% reaching 9,600 from 4,500. 

  • The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.

    Rising trade tensions between the United States and the rest of the world could cost the global...

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