Iran’s Currency Falls to Record Low As Sanctions To Continue
DUBAI, Feb 20 (Reuters) - Iran's troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions.
The Iranian rial plummeted to a...
Iran’s Currency Slides to Record Low As Savers Buy Dollars
DUBAI, Feb 25 (Reuters) - Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and...
Iranians Face Severely Cold Weather, Shortages of Gas and Electricity
By Kayhan Life Staff
Many Iranian households are currently facing shortages of energy, including gas and electricity, despite freezing temperatures. There has been a disruption in the distribution and delivery of refillable gas cylinders and...
China Pulls Out of Oil Deal with Iran
By Kayhan Life Staff
China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...
EXCLUSIVE-Iran’s Government To Start Revamp at Venezuela’s Largest Refining Complex Within Weeks – Sources
By Mircely Guanipa
PUNTO FIJO, Venezuela, Feb 3 (Reuters) - State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation's largest refining complex to restore its crude...
Saudi Arabia Could Invest in Iran ‘Very Quickly’ After Agreement – Minister
By Rachna Uppal
RIYADH, March 15 (Reuters) - Saudi Arabia's Finance Minister Mohammed Al-Jadaan said on Wednesday that Saudi investments into Iran could happen "very quickly" following an agreement to restore diplomatic ties.
"There are a lot of opportunities for...
Iran’s Government Swells Budget to Boost Growth, Cut Inflation
DUBAI, Jan 11 (Reuters) - Iranian President Ebrahim Raisi presented a substantially enlarged state budget to parliament on Wednesday, vowing to bring down inflation and boost growth to lift an economy hit by U.S. sanctions.
State media...
ANALYSIS-Iraqi PM Walks Diplomatic Tightrope in Crackdown on Dollars Smuggled to Iran
By Ahmed Rasheed
BAGHDAD, Jan 23 (Reuters) - Under pressure from Washington to stem the flow of dollars into Iran, Iraq's prime minister sent elite counter-terrorism forces more accustomed to battling Islamist militants to shut down dealers smuggling...
Taliban Sets Up Investment Consortium With Firms From Iran, Russia
KABUL, Feb 22 (Reuters) - Afghanistan's Taliban-led administration has set up a consortium of companies, including some in Russia, Iran and Pakistan, to create a investment plan focusing on power, mining and infrastructure, the acting commerce minister said...
Iraq to Pay $2.76 Bln in Gas and Electricity Debt to Iran
BAGHDAD, June 10 (Reuters) - Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said.
Iraqi Foreign Minister Fuad Hussein was...
