Israel official praises world block on Iran banks
A currency exchange bureau worker counts US dollars, as Iranian bank notes are seen at right with portrait of late revolutionary founder Ayatollah Khomeini, in downtown Tehran, Iran, in this Wednesday, Dec. 21, 2011 file photo. The SWIFT financial transaction service says it's cutting ties with ...
Iranian Events Around the World
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Iran Cut Off From Global Financial System
BRUSSELS (AP) — Dozens of Iranian banks were blocked from doing business with much of the world as the West tightens the financial screws on a country it wants to prevent from developing nuclear weapons. The Belgium-based company that facilitates most international bank transfers on Thursday ...
Payments system SWIFT to expel Iranian banks Saturday
The world's biggest electronic payment system on Saturday will cut off in an attempt to further strangle Tehran's ability to finance a , which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system on Saturday ...
Sanctions vice tightens on Iran over nuclear dispute
Empty and disused Islamic Republic of Iran Shipping Lines (IRISL Group) containers are seen at Malta Freeport in the Port of Marsaxlokk outside Valletta February 10, 2012. REUTERS/Darrin Zammit Lupi/ , cutting it out of key global financial networks, but is taking urgent steps to withstand the ...
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Payments system SWIFT to cut off Iranian banks
, which facilitates the bulk of global cross-border payments, will on Saturday cut off after an EU order and pressure from the United States. Society for Worldwide Interbank Financial Telecommunication ) said in a statement on Thursday it would disconnect Iranian financial institutions affected ...
Exclusive: Iran food stockpiling grows as grain ships near port
LONDON/HAMBURG (Reuters) - Vessels carrying at least 360,000 , Reuters shipping data showed on Thursday, a sign that Tehran is succeeding in stockpiling food to blunt the impact of tougher Iran has been shopping for wheat at a frantic pace, ordering a large part of its expected yearly ...
SWIFT to cut services for Iran firms blacklisted by EU
European Union nations agreed Thursday to ban financial transfers such as payments to hundreds of Iranian firms and individuals blacklisted by the bloc over In several rounds of sanctions, the latest in January, the EU has frozen the assets of 116 people and 442 firms and utilities, including ...
Iranian Events Around the World
We process 500-1000 new events every month using data robots and user/advertiser submissions, and then list them on local maps in bilingual ...
Payments system SWIFT to cut off Iranian banks
, which facilitates the bulk of global cross-border payments, will on Saturday cut off after an EU order and pressure from the United States. Society for Worldwide Interbank Financial Telecommunication ) said in a statement on Thursday it would disconnect Iranian affected by the sanctions from ...
Iran cut off from global financial system
— part of an international effort to discourage Tehran from developing nuclear weapons. sanctions because global financial transactions are impossible without using , and it will go a long way toward isolating Iran financially. The Society for Worldwide Interbank Financial Telecommunication, or ...
Major UAE currency houses halt Iran rial business
Major money exchange houses in the United Arab Emirates have stopped handling Iranian rials over the last several weeks, executives at the houses said, further reducing Iran's ability to trade and obtain hard currency. Since late last year, Iran has largely been frozen out of the global banking ...
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Following EU sanctions, SWIFT financial transaction co. cuts off ties with Iranian banks
and other trade — said the EU decision "prohibits companies such as SWIFT to continue to provide specialized financial messaging services to EU-sanctioned banks," and the company was forced to act. Lazaro Campos, chief executive of SWIFT, said "disconnecting banks is an extraordinary and ...
SWIFT financial service cuts ties with Iran
and other trade — said the EU decision "prohibits companies such as SWIFT to continue to provide specialized financial messaging services to EU-sanctioned banks," and the company was forced to act. Lazaro Campos, chief executive of SWIFT, said "disconnecting banks is an extraordinary and ...
EU Considers Insurance for Tankers at Iran Ports
By Isaac Arnsdorf and Ewa Krukowska on March 14, 2012/ The European Union may allow insurance against risks such as collisions and spills for tankers carrying Iranian oil after ship owners said the ban would hinder exports and crude prices rose. The EU would prohibit the insurance and ...
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EU Drafts Iran Oil Blacklist, Seeks Swift Services Ban
The European Union is seeking to ban imports of products including petroleum oils and natural gas from Iran and to bar global bank-transfer messaging companies from providing services to entities subject to EU sanctions. The EU regulatory arm and the bloc’s foreign affairs service proposed that ...
