ANALYSIS: Why UK Is Imposing Sanctions on Founder of Ayandeh Bank
By Roshanak Astaraki
Ayandeh Bank, whose operating license was officially revoked late last month by the Islamic Republic of Iran Central Bank, is now being targeted by the UK government. The UK Foreign Office has...
ANALYSIS: Collapsing Currency, Energy Shortages Hurt Iran’s Economy
By Roshanak Astaraki
Six months into Massoud Pezeshkian’s presidency of the Islamic Republic of Iran, his key economic promises are far from fulfilled. There is a significant disconnect between these promises and the actual performance...
FATF Keeps Iran on Blacklist, Citing Unfulfilled Commitments to Reform
By Colleen Goko, Sfundo Parakozov and Anathi Madubela
JOHANNESBURG, Oct 24 (Reuters) - Sub-Saharan Africa's largest economies, South Africa and Nigeria, have been removed from a global watchdog's list of countries subject to increased monitoring for illicit...
ANALYSIS – Turkey’s Gas Shift Threatens Russia and Iran’s Last Big European Market
By Can Sezer
ISTANBUL, Oct 8 (Reuters) - Turkey could meet more than half of its gas needs by the end of 2028 by ramping up production and increasing U.S. imports, in a shift that threatens to...
Iraq Fails to Win US Approval to Import Turkmen Gas via Iran
By Maha El Dahan and Muayad Hameed
DUBAI/BAGHDAD, Sept 19 (Reuters) - Iraq's attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighbouring Iran has failed under U.S. pressure, leaving Baghdad scrambling for...
Iranian Parliament Approves Currency Redenomination
DUBAI, Oct 5 (Reuters) - Iran has gained parliamentary approval for a monetary overhaul to remove four zeros from its national currency over the next few years to simplify transactions after years of inflation.
Years of inflation...
Iran’s Currency Drops to a Record Low amid Geopolitical Uncertainty
DUBAI, March 25 (Reuters) - Iran's currency fell below the psychologically key level of 1,000,000 rial per U.S. dollar on Tuesday, as market participants saw no end in sight to sanctions under U.S. President Donald Trump's...
ANALYSIS: Iran Risks Severe Economic Downturn, Unrest as Renewed UN Sanctions Bite
By Parisa Hafezi
DUBAI, Oct 21 (Reuters) - Iran's economy is at risk of simultaneous hyperinflation and severe recession, officials and analysts say, as clerical rulers scramble to preserve stability with limited room to manoeuvre after a snapback of U.N. sanctions.
...
Iran’s Parliament Ousts Economy Minister Over Economic Mismanagement
DUBAI, March 2 (Reuters) - Iran's parliament voted on Sunday to remove the country's Economy Minister Abdolnaser Hemmati from office over mismanagement of the economy and a plunging national currency, state media reported.
The parliament has ousted...
Iran, Russia Agree on Gas Supplies, Nuclear Plant Funding
By Olesya Astakhova
MOSCOW, April 25 (Reuters) - Moscow and Tehran have reached a deal on 55 billion cubic metres of Russian gas supplies a year, though prices are yet to be agreed, while Russia also pledged...
