Iranian rial plunges as coronavirus threatens export lifeline
Reuters | Davide Barbuscia, Babak Dehghanpisheh: Iran’s rial hit a one-year low against the dollar on Wednesday as a sharp rise in…
Economy
‘US sanctions impeding coronavirus treatment in Iran’
Iran Front Page – A senior doctor says US sanctions have contributed to shortages of medical equipment in Iran, which has affected…
Iran issues statement on FATF blacklisting
Tasnim – Iran’s administration issued an official statement about the Financial Action Task Force’s recent decision to put the country on its…
Russia stresses opposition to return of UNSC sanctions against Iran
Press TV – Deputy Foreign Minister Sergei Ryabkov says Russia will keep objecting to the restoration of United Nations Security Council (UNSC) sanctions…
Iran’s provincial inflation reviewed
Financial Tribune – The growth in overall Consumer Price Index was the highest (2.2%) for Qazvin Province during the 11th month of…
CBI reviews recent FATF black list decision
IRNA – Central Bank of Iran in a meeting here on Tuesday evening discussed the CBI plans for stabilizing the forex market,…
US slaps sanctions on 13 foreign entities, individuals over Iran’s missile program
Press TV – The US State Department has imposed sanctions against 13 foreign entities and individuals in China, Iraq, Russia and Turkey…
In letter to WHO director general: Iranian physician calls for urgent removal of medical sanctions against Iran
MNA – An Iranian physician and senior media activist in a letter to Director General of the World Health Organization asked WHO…
Vaezi: Govt. has taken drastic measures to neutralize FATF aftereffects
MNA – Iranian President’s Chief of Staff Mahmoud Vaezi said that the government in its recent session has taken decisive measures to…
Rich-poor inflation gap expands
Financial Tribune – The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.6% in…
Iran’s steel production rises 8.7% to over 39m tons
Financial Tribune – Iranian steelmakers produced more than 39.46 million tons of semi-finished and finished steel products during the first 10 months…
Majlis rejects outlines of next fiscal budget bill
Financial Tribune – The Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year’s (starting March 20, 2020)…
Banks debt to CBI down 25%
Financial Tribune – Debts of banks and credit institutions to the Central Bank of Iran declined 25.6% year-on-year to Dec. 21. Arrears…
Coronavirus will hammer Iran’s economy
Bloomberg | Esfandyar Batmanghelidj: The contagion has done what American economic sanctions could not: shut down non-oil exports. Iran is now one…
Iran will be able to produce one billion cubic meters of gas per day from next month: oil minister
Reuters – Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final…
Iran: Countries imposing medical bans not qualified to be HRC members
Press TV – The head of the Iranian Judiciary’s High Council for Human Rights says countries imposing sanctions on supply of medicine…
COVID-19, main culprit in recent oil price fluctuations: Zangeneh
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.…
Iranian nation to brave through hardship: Pres. Rouhani
MNA – Iranian President Hassan Rouhani said the country will not implore the enemy to alleviate the pressure of sanctions, highlighting the…
Over 70% of oil industry equipment localized: Iran
SHANA – A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the…
There is a way out from FATF blacklist
Financial Tribune – To get out of the dreaded blacklist of the Financial Action Task Force, Iran does not need to start…
Iran’s CB says not discomfited by forex volatility
Financial Tribune – The sharp increase in currency rates will not change the Central Bank of Iran’s approach toward the market, the…
Slight rise in Qeshm airport traffic
Financial Tribune – Qeshm International Airport operated 3,706 takeoffs and landings during the first 10 months of the current Iranian year (March…
Trump administration pressures global financial watchdog to ‘Blacklist’ Iran
Bourse and Bazaar | Esfandyar Batmanghelidj: The Financial Action Task Force (FATF), a global body that sets standards to combat money laundering…
Iran’s import of COVID-19 test kits hampered by US sanctions, FATF blacklisting
Press TV – Growing economic pressure on Iran has hampered the country’s efforts to confront an outbreak of coronavirus as health bodies…
FATF blacklisting to serve as justification for inhumane sanctions on Iran: Rouhani
MNA – Iranian President Hassan Rouhani condemned the Financial Action Task Force’s decision to blacklist Iran, saying the move will be used…
Tehran housing picks up steam amid slowing price hike and rising sales
Financial Tribune – Stagflation in Tehran’s housing market is on its way out, at least in some parts of the capital city.…
Mixed reactions to FATF blacklisting
Financial Tribune – Placing Iran on the global anti-money laundering watchdog’s list will have mixed results on economic sectors, says the head…
Tehran stocks lose only to make a comeback
Financial Tribune – Market indicators in both Tehran Stocks Exchange and over-the-counter market Iran Fara Bourse made a complete U-turn at the…
MPs to debate next year’s budget bill as of Monday
MNA – Members of the Iranian’s Parliament will commence debate over the government’s proposed budget bill for the next Iranian fiscal year…
Currency, gold rally to new highs in Tehran
Financial Tribune – Currency rates jumped against the rial on Saturday in Tehran market amid rising demand and apparently a shortage in…
FATF ruling pushes Iran’s rial to fresh lows in unofficial trade
Press TV – Iran’s rial has hit new lows in unofficial trade after a decision by the Financial Action Taskforce (FATF) to…
Zangeneh talks with Russia’s Novak prior to OPEC meeting
SHANA – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.…
Iran faces long-term banking woes under FATF action
The Wall Street Journal | Ian Talley and Kristin Broughton: Iran is facing long-term financial isolation under new sanctions levied by the…
Iran on FATF blacklist
Financial Tribune – Financial Action Task Force, the global anti-money laundering watchdog on Friday put Iran on its blacklist after Tehran failed…
Iran’s parliamentary elections a vote on Rouhani’s economy
Al-Monitor – The elections for Iran’s 11th parliament since the 1979 Islamic Revolution will take place Feb. 21, a day when most…
Inflation downtrend continues in Iran
Financial Tribune – The overall Consumer Price Index (using the Iranian year to March 2017 as the base year) stood at 197.6…
Iran: Renewable energy is the solution
Financial Tribune – Gas-powered power plants generate over 80% of Iran’s electricity and if there are problems with natural gas supplies to…
Enhanced oil exports mark failure of sanctions: Rouhani
SHANA – Iranian President Hassan Rouhani said: “That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA…
More companies interested in using humanitarian channel to Iran: US envoy
Reuters – U.S. Special Representative for Iran Brian Hook said on Thursday the United States was in talks with at least two…
Iranian companies ink 5,000-ton rail deal in blow to US sanctions
Press TV – A deal has been signed between the Khatam-al Anbiya Construction Headquarters and the Isfahan Steel Company for the production…