Iranian Currency Falls to Record Low amid Isolation and Sanctions
DUBAI, Jan 21 (Reuters) - Iran's troubled currency fell to a record low against the U.S. dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of...
OPINION: Iran Could Profit From Its Natural Gas Resources, Export Electricity
By Dr. Taghi Alereza
Iran, after Russia, has the largest natural gas reserves in the world. Due to a number of issues, however, the country has not been able to benefit from these vast resources.
Iran...
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...
Iranian Government and Parliament Clash Over Budget Deficit
By Kayhan Life Staff
The Iranian government’s economic team and the Majlis (Iranian Parliament) have been engaged in a dispute that has escalated in recent days.
Majlis deputies reviewing the government’s budget bill have been concerned...
Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal
By Alex Lawler, Bozorgmehr Sharafedin and Chen Aizhu
LONDON, Jan 15 (Reuters) - Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions,...
Iran Restricts Supply of Cheap Oil to Syria, Doubles the Price for Crude -WSJ
Jan 15 (Reuters) - Iranian officials have told Syria they would now have to pay more for additional shipments of oil, which will double the price to a market rate of more than $70 a barrel,...
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...
German Exports to Iran Rise Despite Diplomatic Tensions
BERLIN, Jan 10 (Reuters) - German exports to Iran rose last year, according to data seen by Reuters, despite Western condemnation of Tehran's months-long crackdown against protests.
German exports to Iran climbed 12.7% year-on-year from January to...
Tehran Says It Foiled Cyberattack on Central Bank
Jan 6 (Reuters) - Iran has foiled a cyberattack on its central bank, the country's telecommunications infrastructure company said on Friday.
Anonymous and other global hacking groups threatened in October to launch cyberattacks on Iranian institutions and...
Iran Is Experiencing Large-Scale Capital Flight, Expert Says
By Kayhan Life Staff
Massoud Khansari, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, said recently that $10 billion in financial assets left Iran every year. He warned that large-scale capital...
