Egypt's weekly food exports hit 192,000 tons – NFSA    URGENT: Egyptians' remittances jump 42.8% to $33.9 bln in Jan–Oct – CBE    Egyptian pound edges up against dollar in early Sunday trade    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Comprehensive development plan to restore Misr Travel's pioneering role: Minister    Al-Sisi, Russia's Lavrov discuss Gaza, Ukraine, and key bilateral projects    CIB-Egypt reinforces commitment to developing banking capabilities across Africa    Banking sector will spare no effort to support Fund for Honouring Martyrs: CBE Governor    African nations, Russia convene in Cairo to draft 2026-2029 strategic action plan    From Miami Sands to Brussels Boardrooms: The High-Stakes Gambit for Ukraine's Future    Mediterranean veterinary heads select Egypt to lead regional health network    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Iran tells EU to speed up efforts to save nuclear deal
Published in Ahram Online on 20 - 08 - 2018

Iran said on Monday that Europe should accelerate its efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, as French oil group Total formally pulled out a major gas project.
Efforts by the remaining signatories - EU members Britain, France and Germany plus China and Russia - to avoid its collapse are struggling as Washington has said any firms dealing with Teheran will be barred from doing business in the United States.
"Europeans and other signatories of the deal have been trying to save the deal ... but the process has been slow. It should be accelerated," Foreign Ministry spokesman Bahram Qasemi said. "Iran relies mainly on its own capabilities to overcome America's new sanctions," he told a news conference broadcast on state TV.
European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal, which Trump said was "deeply flawed".
Washington imposed new sanctions on Iran in August, targeting its trade in gold and other precious metals, purchases of U.S. dollars and its car industry.
The European powers, China and Russia say they will do more to encourage their businesses to remain engaged with Iran. But the threat of U.S. sanctions has prompted many major companies to pull out of Iran.
Oil Minister Bijan Namdar Zanganeh said France's Total has formally left a contract to develop Iran's South Pars Gas project. "The process to replace (Total) with another company is underway," he was quoted as saying by state TV.
Carmakers PSA, Renault and Daimler are also among those to suspend or drop plans to invest in Iran along with Deutsche Bahn and Deutsche Telekom
Working to maintain financial channels with Tehran and facilitate Iran's oil exports, the European Union has taken steps to counter the renewed U.S. sanctions, including forbidding EU citizens from complying with them or related court rulings.
Washington has said Iran's only chance of avoiding the sanctions would be to accept Trump's offer to negotiate a tougher nuclear deal. Iranian officials have rejected the offer.
The United States will impose tougher sanctions on Iran in November which will target Iran's oil sale and banking sector.
Iran's rial currency has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions.
Under the 2015 deal, most international sanctions on Iran were lifted in return for curbs on the country's nuclear programme.


Clic here to read the story from its source.