ANALYSIS: After Currency Devaluation, Iran’s Economic Outlook Is Bleak
By Roshanak Astaraki
The Iranian foreign exchange (forex or FX) market experienced one of its most volatile periods in the last week of January, with a dramatic devaluation of the Iranian rial.
On Jan. 23, the...
Gold Dealers Stage Protests Across Iran Against New Taxation Laws
By Kayhan Life Staff
Gold dealers in cities across Iran have united to protest the new tax laws introduced by the Majlis (Iranian Parliament) and the financial regulations imposed by the government. The cities include...
India Inks 10-Year Deal to Operate Iran’s Chabahar Port
NEW DELHI, May 13 (Reuters) - India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern...
Iraq’s Central Bank Revokes Iran’s Bank Melli Operating Licence
By Timour Azhari
BAGHDAD, Feb 8 (Reuters) - The Central Bank of Iraq (CBI) has revoked the operating licence of Iran's largest bank, Bank Melli Iran, citing international sanctions and the bank's limited operations in Iraq, a CBI document...
EXCLUSIVE- Iran’s Regime Oil Trade With China Stalls as Tehran Demands Higher Prices
By Chen Aizhu and Muyu Xu
SINGAPORE, Jan 5 (Reuters) - China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer,...
UAE-Iran Joint Economic Commission Convenes for First Time in 10 Years
DUBAI, April 30 (Reuters) - A rare United Arab Emirates-Iran joint economic commission will convene in Abu Dhabi from Tuesday to Wednesday, the Iranian Labour News Agency reported, as Tehran seeks to bolster economic ties with the Persian...
Kurdish Oil Smuggling to Iran Flourishes
By Timour Azhari
ERBIL, Iraq, July 11 (Reuters) - Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and...
ANALYSIS: Islamic Republic Is Illicitly Trading Oil, Gas Via Malaysia, UAE
By Kayhan Life Staff
The Islamic Republic of Iran has encountered significant challenges because of strict sanctions imposed by the international community. These sanctions were primarily a response to Iran’s nuclear program and its alleged...
Turkmenistan to Sell Gas to Iraq via Swaps With Iran
ALMATY, July 3 (Reuters) - Turkmenistan has signed a swap deal with Iran under which Ashgabat will sell 10 billion cubic metres (bcm) of natural gas a year to Iraq, the Turkmen government said on Wednesday.
Iran, which lies...
North Koreans Discuss Trade on Rare Visit to Iran
DUBAI, April 29 (Reuters) - A North Korean delegation attended an Iranian expo in Tehran last week and discussed bilateral trade with Iranian government officials and the private sector, Iranian Foreign Ministry spokesperson Nasser Kanaani said on Monday.
North Korea and Iran have...
