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...
Exclusive-US Issues New 120-Day Waiver Letting Iraq Pay Iran for Electricity
By Arshad Mohammed
WASHINGTON, July 18 (Reuters) - The United States on Tuesday moved to let Iraq pay Iran for electricity via non-Iraqi banks, a U.S. official said, a step Washington hopes may keep Tehran from forcing unpopular power...
OPEC Plans No Immediate Action After Iran Urges Israel Oil Embargo, Sources Say
By Elwely Elwelly and Ahmad Ghaddar
DUBAI/LONDON, Oct 18 (Reuters) - OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation...
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...
Investors Eye Middle East Conflict
Oct 16 (Reuters) - European shares climbed on Monday, with miners in the lead on optimism around demand from top consumer China, although trading was cautious as investors weighed prospects of an escalation in the Middle...
Iran’s 2023-24 Budget Earmarks Massive Funds for Religious Institutions
By Kayhan Life Staff
President Ebrahim Raisi submitted his government’s 2023-24 Budget Bill to the Majlis (Iranian Parliament) last week.
The government’s proposed budget calls for increasing funds allocated to religious and ideological institutions.
https://kayhanlife.com/news/iran/analysis-iran-crackdown-may-burnish-raisis-credentials-for-top-job/
https://kayhanlife.com/society/human-rights/exclusive-u-n-expert-backs-probe-into-irans-1988-killings-raisis-role/
The massive deficit...
ANALYSIS – China Saves Billions of Dollars From Record Sanctioned Oil Imports
By Chen Aizhu and Muyu Xu
SINGAPORE, Oct 11 (Reuters) - China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters' calculations based on data from...
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 Parliament Proposes Bill Exempting Luxury Homes From Property Tax
By Kayhan Life Staff
The Majlis (Iranian Parliament) passed a proposed bill on Feb. 26 exempting owners of luxury homes valued higher than $353,000 (based on the current exchange rate of 56,700 tomans to a...
Iraq to Trade Crude Oil for Iranian Gas To Settle Power Debt -PM
July 11 (Reuters) - Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for U.S. approval, Iraqi Prime Minister Mohammed Shia Sudani said...
