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Iran fights US appropriation of $1.7 billion

ECONOMY

Iran fights US appropriation of $1.7 billion

The Central Bank of Iran (CBI) has filed an appeal against a US court ruling to turn over Iranian funds worth $1.75 billion to alleged families of the victims of the 1983 bombing in Beirut.

Shell, Total get first gas stations in Iran

ENERGY

Shell, Total get first gas stations in Iran

Royal Dutch Shell and France’s Total are the first foreign companies ever to win access to Iran’s retail energy market after getting permit for 200 service stations which they will set up across the energy-rich country.

Minister: New aircraft to enter Iran by 2016

ECONOMY

Minister: New aircraft to enter Iran by 2016

Iran is targeting purchases of 500 new commercial aircraft by 2025, some of which will enter the country before 2016, Minister of Roads and Urban Development Abbas Akhoundi says.