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South Korea was set to hold a briefing session Friday for local firms about resuming exports to Iran, a foreign ministry official said, after receiving US approval for humanitarian trade with the Middle East country. The briefing, to be co-hosted by the Korea Chamber of Commerce and Industry (KCCI) and Korea Trade-Investment Promotion Agency (KOTRA), comes after Seoul obtained a US special license designed to authorize aid-related transactions with Tehran […]

IRAN – EU TRADE INCREASED 9% IN FIRST TWO MONTHS OF 2020   Trade between Iran and EU member states during January-February stood at 787.66 million Euro to register a 9.17 percent increase compared with the similar period of 2019, latest data provided by Eurostat, the European Statistical Office, show. Although the UK remains part of the EU customs union and single market during the transition period after withdrawing from

Iran’s parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported on Monday, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions. Iran’s national currency will be changed from the rial to the Toman, which is equal to 10,000 rials, under the bill. “The bill to remove four zeros from the national currency

EU UNDECIDED ON US THREAT AGAINST NUCLEAR ACCORD   JCPOA’s European parties have not taken a position on the US strategy to push for the extension of a UN arms embargo on Iran so far while Russia and China have already expressed their opposition The European Union foreign policy chief, Josep Borrell, said the bloc still needs to consider the United States’ demand of extending Iran’s soon-to-expire arms ban and

ANNOUNCEMENT Karimi Law Firm & Associates proudly announce its collaboration with MAGOP law firm in Portugal. This will enable us to provide legal services for Iranian who live in Portugal and for those who want to immigrate to Portugal. The bilateral cooperation of this two law firms intend to facilitate service delivery for Iranian. Iranian residents of Portugal can file their legal case jointly with our law firms. This is

INCREASE IN NUMBER OF IRANIAN PORT CAPACITY IN 2021 Iran’s Ports and Maritime Organization announced that the nominal capacity of commercial ports will increase to 264 million tons by the end of the current Iranian year (March 20, 2021). “This would register a 7.3% rise compared with last year’s figure that stood at 246 million tons,” Mohammad Rastad, the head of the organization, was quoted as saying by IRNA. “We

MAYOR ORDERS TERMINATION OF 4 OFFICERS AFTER BLACK MAN DIED FROM POLICE RESTRAINT IN TACOMA, WASHINGTON People listen during a vigil for Manuel Ellis, a black man whose March death while in Tacoma Police custody was recently found to be a homicide, according to the Pierce County Medical Examiners Office, near the site of his death on June 3, 2020 in Tacoma, Washington. The mayor of Tacoma, Washington, has told

THE WORLD’S MOST POWERFUL PASSPORTS Not all passports employ the same freedoms for those who carry them. The Henley Passport Index has again named Japan as having the world’s most powerful passport.  Japanese passport holders have visa-free access or visa-on-arrival access to an impressive 191 countries. Singapore is in second place with 190 destinations. Then comes South Korea with 189 visa-free travel jurisdictions. French, German, Finnish, Luxembourgian, and Italian passports all follow

IBA (INTERNATIONAL BAR ASSOCIATION) PRESIDENT RATIFIES CLIMATE CRISIS STATEMENT The IBA President, Horacio Bernardes Neto, ratified the IBA Climate Crisis Statement, highlighting that ‘the legal profession must be prepared to play a leading role in maintaining and strengthening the rule of law, and supporting responsible enlightened governance in an era marked by climate crisis’. The Statement reaffirms the IBA’s commitment to assist the global legal community to promote and protect

WHY FOREIGN NATIONAL CHOOSE CYPRUS?  Aiming to increase the overall competitiveness and fairness of the tax system for foreign nationals, the Cyprus government introduced the concepts of ‘domicile’ and ‘non-domicile’ (Non-Dom) through an amendment of the Special Contribution for the Defence of the Republic of Cyprus Law of 2002 (SDC Law) in July of 2015.  The Aspen Trust Group explores how the Non-Dom rules of Cyprus are the leading factors contributing to a rise