Asia Top News and Analysis Iran

  • The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts with Europe's Airbus and U.S. rival Boeing last year to purchase about 180 jets. That became possible after an agreement between Iran and six major powers lifted most international sanctions imposed on Tehran, in exchange for Iran curbing...

  • TOULOUSE, Jan 20- A deal for Iran to buy 20 short-haul passenger aircraft from ATR should be signed imminently, the head of the European planemaker told Reuters on Friday. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts with Europe's Airbus and U.S. rival Boeing last year to purchase about...

  • *Iran frustrated at slow progress on banking. LONDON/ ANKARA, Jan 19- The Royal Bank of Scotland has rebuffed efforts by the British government, a major shareholder, to coax the lender into facilitating trade with Iran as it seeks to avoid risky business, sources with knowledge of the discussions say. In recent months British officials have sought to boost business...

  • WASHINGTON, Jan 19- When world powers agreed in 2015 to lift sanctions on Iran in return for curbs on its nuclear program, the deal's supporters in the United States, Europe and Tehran hoped renewed trade and investment could boost Iran's private sector and weaken the state's hold on the economy. But a Reuters review of business accords reached since then shows...

  • *In May 2016, South Korea's Daewoo Engineering and Construction Co. announced it and Hyundai Engineering and Construction had agreed to build a $10 billion oil refinery on Iran's southern coast. The company developing the refinery, Bahman Geno, is owned by a Setad unit, Tadbir Energy. A Bahman Geno official said the sides are still conducting negotiations.

  • Fire engulfs high-rise building, Plasco, in Tehran, Iran on January 19, 2017.

    Dozens of firefighters were killed when a blazing high-rise building collapsed after a blaze in Iran's capital. NBCNews reports.

  • Iran building collapse

    A 17-story building collapsed in Tehran following a fire. It was one of the city's first high-rises to be built.

  • BEIRUT, Jan 18- Iran and China will sign a $3 billion contract next month to upgrade Iran's oil refining capacity, according to Iran's Mehr News agency. Iran's deputy oil minister Abbas Kazemi said in Tehran on Tuesday that the deal will focus on upgrading the Abadan oil refinery, Mehr said. The deal is expected to be signed when a delegation of Chinese oil officials...

  • US aligned with Saudi Arabia on foreign policy/Iran

    Saudi Arabian Prince Turki al-Faisal adds that Iran is a "disruptive element" in the region.

  • President-elect Donald Trump had misunderstood the Iran nuclear deal and that it was not up for renegotiation. This cannot be done, " Helga Schmid, Secretary General of the European Union's foreign policy service in Brussels, said of the deal brokered by the bloc between Iran, the United States, France, Germany, Britain, Russia and China. Despite their often fraught...

  • A reactor building at the Russian-built Bushehr nuclear power plant in Bushehr, Iran.

    The Iran nuclear deal remains vulnerable to U.S.-Iranian provocations due to deep and lingering differences between the adversaries.

  • TOKYO, Jan 13- Iranian condensate exports are set to fall 17 percent to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by nearly half and takes more barrels from Qatar. Iran, a member of the Organization of the Petroleum Exporting Countries, does not publish monthly data on...

  • ANKARA/ PARIS, Jan 12- An Airbus A321 airliner landed in Tehran on Thursday, the first to arrive out of the 200 Western-built aircraft ordered by IranAir following the lifting of sanctions on Iran last year. Iran, which has not directly purchased a Western-built plane in nearly 40 years, has ordered 100 airliners from Airbus and 80 from Boeing and is close to a deal to...

  • *Investors keen to get exposure to Iran. *Iran needs foreign expertise after decades of sanctions. While there could be headwinds from the incoming Trump administration in Washington, Iran offers fertile ground for investors: the World Bank classifies the country of 77 million as an upper-middle income nation.

  • ANKARA, Jan 12- An Airbus A321 airliner landed in Tehran on Thursday, the first to arrive out of the 200 Western-built aircraft ordered by IranAir following the lifting of sanctions on Iran last year. Iran, which has not directly purchased a Western-built plane in nearly 40 years, has ordered 100 airliners from Airbus, 80 from Boeing and 20 turboprop aircraft from...

  • ANKARA, Jan 12- An Airbus passenger plane landed in Tehran on Thursday, the first of 200 Western-built aircraft ordered by IranAir following the lifting of sanctions on Iran last year. "This is a historic moment for Iran, signaling the end of the sanctions era for the country... Republicans in the U.S. Congress have also objected to the pact, which was signed by the...

  • TEHRAN, Iran— The first of 100 Airbus planes that Iran purchased following its nuclear deal with world powers arrived in Tehran on Thursday, heralding a new chapter for the country's aging and accident-prone fleet after years of sanctions. Iran is hoping to rapidly upgrade its fleet now that sanctions have been lifted under the 2015 nuclear accord, in which...

  • ANKARA, Jan 12- An Airbus passenger plane landed on Thursday at a Tehran airport, the first new jet directly purchased from a Western manufacturer by Iran's flag-carrier IranAir in nearly four decades, Iran's state TV reported. "The Airbus 321 just landed at Tehran's Mehrabad airport... The delivery of the first jet in a batch of 100 ordered from Airbus by IranAir...

  • AIRBUS JET LANDS AT IRAN AIRPORT, FIRST OF 100 ORDERED BY TEHRAN UNDER INTERNATIONAL SANCTIONS DEAL- TV.

  • WASHINGTON, Jan 11- Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump's positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil...