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...
U.S. Weighs Sanctions for Chinese Companies Over Tehran Surveillance Buildup – WSJ
Feb 4 (Reuters) - The U.S. is considering new sanctions on Chinese surveillance companies over sales to Iran's security forces, the Wall Street Journal reported on Saturday citing people familiar with the matter.
U.S. authorities are in advanced discussions on...
Venezuela to Contract for Two Iran-Built Oil Tankers To Expand Fleet
By Mircely Guanipa and Marianna Parraga
PUNTO FIJO, Venezuela, Feb 13 (Reuters) - Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement bedeviled by payment delays and difficulties with...
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-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...
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,...
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...
Iran Rial Plunges to New Lows Amid Unrest, International Isolation
DUBAI, Feb 26 (Reuters) - Iran's currency fell to a record low against the U.S. dollar on the unofficial market on Sunday, amid the country's increasing isolation over its disputed nuclear programme, human rights violations and...
