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Pakistan All Set to Launch Ferry Service to Iran, Oman, UAE

Last year, Mwani Qatar announced launch of a new shipping route between Hamad Port and Karachi Port May 25, 2018 (BE2C2) — Pakistan is planning to launch ferry services from Karachi port to Iran, the United Arab Emirates and Oman with an aim to enhance connectivity and provide more services to its nationals and business community. The draft Ferry Service Policy would be presented at the next Cabinet meeting for approval, said Federal Minister for shipping Mir Hasil Khan Bizenjo, reports Iranian news agency Tasnim. “In the draft policy weRead More


Iran to Provide Sri Lanka Expertise For Refinery, Dams, Power Plants; Discuss Direct Flights

Sri Lanka, Iran in talks for banking deal, direct flights and refinery May 14, 2018 (BE2C2) — Iran will provide Sri Lanka with technical and engineering services for development and construction of oil refineries, dams and power plants, and power supply to villages. The announcement comes as the Sri Lankan president with his delegation are in Tehran for a two-day official visit to improve trade relations and secure investment from the Islamic republic including strengthening cooperation in the energy sector. Officials from the two countries signed five agreements (cooperation documents)Read More


‘China Most Likely To Fill the Shoes Of The U.S.’ In Iran Nuclear Deal

May 10, 2018 (DESPARDES/PKONWEB) — After pulling the United States out of the 2015 Iran nuclear deal, U.S. President Donald Trump said Wednesday his administration plans to put strong sanctions on Iran “very soon.” “We have terminated a terrible, terrible deal that should have never, ever been made,” he said. “And we will be putting on among the strongest sanctions that we’ve ever put on a country.” Trump told reporters about the plan about 24 hours after officially withdrawing from the Obama-era agreement, calling it “defective at its core.” TrumpRead More


Saudi Arabia Will Seek To Develop Its Own Nuclear Weapons If Iran Does: FM Al-Jubeir

May 10, 2018 (DESPARDES/PKONWEB) — Saudi Arabia will seek to develop its own nuclear weapons if Iran does, Foreign Minister Adel Al-Jubeir told CNN on Wednesday. “If Iran acquires nuclear capability we will do everything we can to do the same.” Jubeir’s renewed vow came after US President Donald Trump pulled the United States out of an accord designed to prevent Tehran’s alleged quest for the bomb. The Saudi Foreign Minister welcomed Trump’s decision to withdraw from the 2015 Joint Comprehensive Plan of Action (JCPOA), a landmark nuclear agreement stillRead More


Iran Says ‘Will Not Renegotiate Nuclear Deal With U.S., Has Options to Withdraw’

“Even if U.S. allies, especially the Europeans, try to revise the deal…, one of our options will be withdrawing from it.” May 4, 2018 (DESPARDES/PKONWEB) — Iran’s foreign minister said on Thursday U.S. demands to change its 2015 nuclear agreement with the 6 world powers – the US, UK, Russia, France, China, and Germany – were unacceptable as a deadline set by President Trump for Europeans to “fix” the deal loomed– those changes have included proposals to limit Iran’s ballistic missile program, which Tehran says it has as a defensiveRead More


Does Iran Have the Atomic Bomb Already? Netanyahu Claims it Does

May 1, 2018 (DESPARDES/PKONWEB)— Israeli Prime Minister Benjamin Netanyahu said in a televised address Monday he had new “proof” of an Iranian nuclear weapons plan that could be activated at any time, as the US considers whether to pull out of the atomic accord with Tehran– Trump is expected to announce his decision in May. But while Netanyahu accused Israel’s main enemy Iran of lying about its nuclear ambitions, he did not provide evidence that it had actively worked to obtain an atomic weapon since the 2015 agreement between TehranRead More


Venezuela’s State-Backed Petro Coin Rakes in $3.3Bln; Iran and Turkey To Launch National Cryptocurrency

Cryptocurrency Market Rebounds But Faces Resistance to Breach $10K; NASDAQ Might Trade Digital Coins April 27, 2018 (BE2C2): A presale of Venezuela’s state-backed digital currency called Petro coin has raked in $3.3 billion, President Nicolas Maduro said. Maduro said in a statement on Thursday the proceeds would be transferred to the central bank to be auctioned off via foreign exchange platform DICOM, according to the AVN news agency. The cash-strapped South American nation launched the presale of its oil-backed cryptocurrency on February 20. Maduro plans that the central bank willRead More


Iran Considers Currency Swaps With Turkey to Ease Trade, Banking Transactions

** Iran’s exports to Turkey during first nine months of 2017 amounted to around $5.84 billion, 75.7% more year over year. In return, Turkey exported $2.31 billion worth of goods, compared to $3.81 billion in the corresponding period of previous year, indicating about 65% decline. ** Iran and Turkey are said to have recognized the innovation of digital currencies; both countries are looking to launch their coins – which will be issued by Central Banks. April 24, 2018 (BE2C2) — With sanctions pressure looming from the United States, the CentralRead More