Chinese telecommunications equipment maker Huawei Technologies says it will cut back its business in Iran, where it aids state-run telecom operators, due to the "increasingly complex situation" there. Iran keeps close tabs on its citizens, aided by imported technology, and faces rising Western sanctions over its nuclear programme and the treatment of its people since the state crushed protests over a contested 2009 vote. Huawei will "voluntarily restrict its business development" in Iran "by no longer seeking new customers and limiting its business activities with existing customers", the Shenzhen-based company said on its website. "For communications networks that have been delivered or are under delivery to customers, Huawei will continue to provide necessary services to ensure communications for Iran's citizens," the statement said. In November, responding to what it called biased reporting, Huawei said that "we have never been involved in and do not provide any services relating to monitoring or filtering technologies anywhere in the world". Also last month, the United States announced fresh sanctions against Iran's energy industry and warned firms against dealing with the Islamic republic's financial sector, naming the country "a primary money laundering concern". The scaling back of Huawei's business in Iran follows a statement in February by the company's deputy chairman stating a desire to crack the lucrative US telecoms market. In the aftermath of a bid to buy a US startup that failed over concerns about Huawei's ties to Beijing, Ken Hu said: "Huawei has been striving to demonstrate our capabilities with a view to becoming a key contributor in this important market" -- the US. China and Iran have recently become closer economic partners as Chinese companies fill a void left by the withdrawal of Western companies observing sanctions that Beijing has said will "exacerbate" the situation there.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor