Iran Archives — City Business News

August 4, 2021 No Responses

Ship Hijacked Off UAE, Sail To Iran

A Panama-flagged ship has been hijacked by armed men in the Gulf of Oman and ordered to sail to Iran, Lloyds List Maritime Intelligence has confirmed. The bitumen tanker MV Asphalt Princess is heading into the congested approach to the...

June 8, 2021 No Responses

Nigeria To Partner Iran On Auto Assembling, Importation Of Tractors

Nigeria on Monday expressed willingness to partner with the Islamic Republic of Iran in areas of assembling of automobiles, importation of tractors and agricultural equipment to ease farming. The Minister of Special Duties and Intergovernmental Affa...

February 26, 2020 No Responses

More Flights Suspended Over Coronavirus

Gulf states have imposed more flight restrictions in an effort to try to slow the spread of the coronavirus outbreak. The United Arab Emirates (UAE) has suspended all flights to and from Iran apart from Tehran. Bahrain has also suspended...

January 11, 2020 No Responses

Iran Admits It ‘Unintentionally’ Shot Down Ukrainian Plane

Iran’s military says it “unintentionally” shot down a Ukrainian passenger jet, Iran’s state TV reports. The statement, released on Saturday morning, said it had done so due to “human error”. Those responsible would be held a...

January 4, 2020 No Responses

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...

July 21, 2019 No Responses

Iran Seizes British Tanker

(BBC)–There will be “serious consequences” if Iran does not release a British-flagged tanker seized in the Gulf, Foreign Secretary Jeremy Hunt has said. The Stena Impero’s owners say they have been unable to contact their vessel, which ...

August 24, 2018 No Responses

British Airways, Air France To Stop Flights To Iran

British Airways and Air France have announced that they will stop flying to Iran next month. Both airlines said that the route was “not commercially viable.” The reintroduction of US sanctions has caused a slump in the value of the...

May 9, 2018 No Responses

US Pulls Out Of Iran Nuclear Deal

US President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Calling it “decaying and rotten”, he said the deal was “an embarrassment” to him “as a citizen”. Going against advice from...

January 2, 2017 No Responses

Daewoo partners Iran on Shipbuilding

South Korean shipbuilder, Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry. The parties signed a Head of Agree...

December 13, 2016 No Responses

Hyundai to build boxships, tankers for Iran

South Korean shipbuilder Hyundai Heavy Industries (HHI) has signed contracts to construct 14,500 TEU container ships and 49,000 dwt product/chemical carriers for Islamic Republic of Iran Shipping Lines (IRISL). The value of the contracts, which were signed in...