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Nearly $144 million in cash investments in stocks were withdrawn from Tehran Stock Exchange (TSE) on May 7 and 8, Eghtesad-24 online newspaper reported.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...
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...
Iran Signs Economic Agreements With Zimbabwe as Raisi Ends Africa Tour
By Nyasha Chingono
HARARE, July 13 (Reuters) - Zimbabwe and Iran signed 12 memorandums of understanding on Thursday to strengthen bilateral ties, as Iranian President Ebrahim Raisi wrapped up his three-nation African tour.
Raisi, who visited Kenya and Uganda earlier in...
German Exports to Iran Rise Despite Diplomatic Tensions
BERLIN, Jan 10 (Reuters) - German exports to Iran rose last year, according to data seen by Reuters, despite Western condemnation of Tehran's months-long crackdown against protests.
German exports to Iran climbed 12.7% year-on-year from January to...
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...
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...
OPEC Oil Output Rises in August as Iran Hits 2018 High – Survey
By Alex Lawler
LONDON, Aug 31 (Reuters) - OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members...
Iraq to Pay $2.76 Bln in Gas and Electricity Debt to Iran
BAGHDAD, June 10 (Reuters) - Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said.
Iraqi Foreign Minister Fuad Hussein was...
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...
INTERVIEW: Economist Hassan Mansoor Analyzes Iran’s ‘Productivity Plan’
By Kayhan Life Staff
The government of President Ebrahim Raisi recently announced its intentions to continue the implementation of the “Productivity Plan” aimed at generating revenue for the government by selling unused assets, including state-owned...
