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...
Tehran Stock Exchange Tumbles As Retail Investors Withdraw Large Amounts
By Kayhan Life Staff
Nearly $144 million in cash investments in stocks were withdrawn from Tehran Stock Exchange (TSE) on May 7 and 8, Eghtesad-24 online newspaper reported.
(The conversions are based on the current exchange...
South Korea Says It’s Making Efforts to Transfer Iran’s Frozen Funds
SEOUL, Sept 5 (Reuters) - Efforts are under way to transfer Iran's funds that had been frozen in South Korea, foreign minister Park Jin said, after Teheran reached a deal with the United States to release American citizens...
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...
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...
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’s Currency Slides to Record Low As Savers Buy Dollars
DUBAI, Feb 25 (Reuters) - Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and...
Iraq-Iran Gas-For-Oil Barter Would Likely Violate US Sanctions
By Arshad Mohammed
WASHINGTON, July 14 (Reuters) - A barter of Iranian natural gas for Iraqi oil as described by the Iraqi prime minister this week would likely violate U.S. sanctions on Tehran unless the U.S. issued a waiver permitting...
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...
Tehran Says It Foiled Cyberattack on Central Bank
Jan 6 (Reuters) - Iran has foiled a cyberattack on its central bank, the country's telecommunications infrastructure company said on Friday.
Anonymous and other global hacking groups threatened in October to launch cyberattacks on Iranian institutions and...
