Search Result for : Iran Nuclear Deal

The Dollar Business Bureau  Embedded in the Iran Nuclear Deal of 2015 were terms related to assured support from the developed world for Iran to acquire a fleet of new aircraft from majors like Boeing and Airbus.  Reportedly, the country has acquired merely 3 jets from Airbus in return for cash payments so far, while it aims to purchase as many as 180. While Iranian officials try to accelerate talks with British export credit agency to gain an approval, they have multiple roadblocks to address.  Theresa May’s snap decision to hold general elections in the month of June discourages Britain’s export credit arm to take defining decisions affecting foreign policy during such a critical time. The government is also likely to postpone dealing ...

The Dollar Business Bureau Ever since Trump called the landmark Iran nuclear deal a 'disastrous' one and threatened to dismantle it, there has been a lot of uncertainty regarding Iran's economic future. Amid speculations of US re-imposing sanctions on Iran, IMF said that renewed ambiguity on US's policy towards Iran is undermining economic sentiment. The annual report released by IMF on Iran's economy paints a grim picture for investment and growth in the country. It stated that Iran could even slip into recession if the agreement negotiated by Obama in 2015 fell apart. This deal essentially gave life to Iran's frail economy last year, by lifting many financial and trade sanctions. In exchange, Iran consented to strict scrutiny and monitoring of its nuclear operations by International Atomic Energy Agency (IAEA). Iran's test-firing of a ballistic missile in ...

The Dollar Business Bureau Theresa May, leader of post-Brexit UK, intends to express support for free trade and the Iran nuclear deal in her upcoming meet with Donald Trump, on 27 January 2017. "You can expect the prime minister to be very clear during her U.S. visit on the benefits of free trade and championing them and wanting to look at what more can be done to increase that," the spokesperson said. "Certainly we have been a strong supporter of the Iran deal, of securing that, and I would expect the prime minister to be clear on that during her visit to the US." Trump has taken a plethora of bold anti free trade measures, and indicated earlier that he was no fan of the Iran nuclear deal either. The British PM's ...

The Dollar Business Bureau Iran on Monday said it has finalised a deal of $16.8 billion with Boeing to buy 80 passenger planes, which is made possible by the landmark nuclear deal last year. According to the state-run news agency IRNA, 50 Boeing 737s and 30 Boeing 777s aircrafts would be delivered in next 10 years. This is the biggest deal to be signed by an American firm with Iran since the 1979 revolution and takeover of the US Embassy. In September 2016, the US granted approval to Boeing and its European counterpart Airbus for selling aircrafts to Iran worth billions of dollars. Last year, the US and other major powers of the world agreed to lift sanctions on Tehran in exchange for ...