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…
Economy
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…
Zanganeh: Upcoming negotiations with Novak to revolve around intl. oil market
MNA – Iranian Oil Minister Bijan Namdar Zanganeh announced on Saturday that his upcoming talks with his Russian counterpart Alexander Novak is…
Iran slams FATF’s politically-motivated move to place Iran on terrorism financing blacklist
Press TV – Iran says the move by the Financial Action Task Force (FATF) to place the country on its blacklist was…
US sanctions five Iranian officials, including Ayatollah Jannati
Press TV – The United States has imposed sanctions on five Iranian officials, including Ayatollah Ahmad Jannati, the secretary of Iran’s Guardian…
Real-estate tracking system unveiled to identify empty homes for taxation
Financial Tribune – The five-year-in-the-making National Data System of Real Estate and Housing was unveiled in a ceremony on Tuesday with Roads…
Tehran stocks end week on strong note
Financial Tribune – Tehran stocks closed trading week more than 1.4% higher on Wednesday, leaving behind a short-lived correction phase one day…
Parl. commission approves slicing off 4 zeros from national currency
MNA – The Parliament Economic Commission has ratified elimination of four zeros from Iranian national currency, Rial. Being approved in a future…
Iranian businessmen, investors establish footing in Turkey
Financial Tribune – The main goal of Iranians in establishing companies in Turkey is to use the neighboring country as a platform…
Petchem industry best method to generate wealth in Iran: Official
SHANA – The supreme adviser to presidential deputy for technical and scientific affairs underlined the importance of the petrochemical industry in generation…
Currency at new low; Iran’s CB says will defend Rial
Financial Tribune – Major currencies soared in Tehran on Tuesday amid new concerns among market participants about a decision by the Financial…
Petropars awarded project to develop Forouzan oilfield
SHANA – The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement…
Iran-made Fath 72 drilling rig unveiled
SHANA – Fath 72 Drilling Rig, built by Academic Center for Education, Culture and Research (ACECR), has been unveiled in a ceremony…
Iran starts mass production of drilling bit
SHANA — The Iranian-made toothed drilling bit has entered mass production phase. According to the National Iranian Oil Company (NIOC), a toothed…
FM blames US policies for FATF’s possible blacklisting of Iran
FNA – Iranian Foreign Minister Mohammad Javad Zarif said that Tehran would blame the US policies if the Financial Action Task Force…
Iran’s main automotive company unveils first version of electric car
Press TV – The Iran Khodro Compnay (IKCO), the largest carmaker in Iran, has unveiled a first electric car that could reach…
Iran boosts oil recovery rate to counter US sanctions
Oil Price | By Simon Watkins – Given the gaps available to Iran in the current U.S. sanctions environment to continue to export…
Iran could refuse entry to Samsung staff, ban phone registry: Official
Press TV – An Iranian telecoms ministry official says the country could enact punitive measures against South Korea’s mobile phone giant Samsung…
Top banker: FATF unlikely to blacklist Iran, but non-issue if it does
MNA – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Tuesday that the Financial Action Task Force (FATF)…
Quarantine for Iranian students returned from China now over
Press TV – Iranian authorities have ended a 14-day quarantine for dozens of students who had been flown back home from central…
Iran egg producers ditching cardboard to save nearly $20 mln a year
Press TV – Iranian egg producers say they will remove the use of cardboard boxes from packaging to save around $20 million…
Conversion of 1.5m public transport vehicles into CNG hybrids launched in Iran
Financial Tribune – A nationwide scheme has been launched to convert 1.5 million gasoline-powered public transport vehicles to compressed natural gas hybrids.…
Iran’s Q1-3 saffron exports earn $200m
Financial Tribune – A total of 186 tons of saffron worth $200 million were exported from Iran during the first nine months…
$40b investment up for grabs in Iran petchem industry
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said there were opportunities to invest by up to 40 billion dollars in the…
Iran’s natural gas grid; blessing or curse?
Financial Tribune | Hamid Molazadeh: Iran holds the world’s second biggest natural gas reserves after Russia. Gas production has surpassed 870 million…
PMI data: Iranian economy remains in recession
Financial Tribune – Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26,…
Forex, gold in Tehran moving up
Financial Tribune – Foreign currency and gold coin prices increased in Tehran on Wednesday ostensibly influenced by the upcoming meeting of Financial…
Tehran Stock Exchange rises 157% in 11 months
Financial Tribune – The main index of Tehran Stock Exchange, TEDPIX, rose 280,420 points, or 156.9%, since the beginning of the current…
Money supply skyrocketing
Financial Tribune – Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the…
US accuses Huawei of stealing trade secrets, assisting Iran
Reuters – U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against…
West Karoun oilfields production up five-fold in past 6 years: Iran minister
Reuters – Oil production at the West Karoun oilfields in southwest Iran has increased five-fold in the past six years, Iran’s Oil…