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...
Iran’s Oil Minister Visits Venezuela
CARACAS - Iranian Oil Minister Javad Owji arrived in Venezuela on a visit meant to "strengthen energy relations," the South American country's foreign ministry said.
The trip will include visits to the facilities of state oil company PDVSA,...
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’s Food and Drug Prices Have Tripled Since 2020
By Kayhan Life Staff
Iranian households, particularly those living in major metropolitan areas and cities, are struggling with food and medicine shortages, and increasing prices of goods.
According to the latest reports, the Consumer price index...
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...
Iran Says Oil Exports Surpass Exceed Daily Targets
DUBAI, Aug 13 (Reuters) - Iran's oil exports have surpassed the government's 1.4 million barrels per day target, the head of Iran's Plan and Budget Organisation said on Sunday, according to the semi-official Tasnim news agency.
"Based on Iran's...
Iran to Raise Oil Output Amid Curbs on Production
DUBAI, Aug 9 (Reuters) - Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, the semi-official Tasnim news agency reported on Wednesday citing the head of the National...
Sri Lanka Set to Start Tea-for-Oil Barter With Iran Next Month
By Uditha Jayasinghe
COLOMBO, June 23 (Reuters) - Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit...
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...
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...
