Iran’s Rial Hits Record Low as Tension Spikes With the U.S.
DUBAI, Sept 20 (Reuters) - The Iranian rial fell to a record low against the U.S. dollar on the unofficial market on Sunday, a day after the U.S. President Donald Trump's administration declared all United...
Turkey’s Halkbank Urges Dismissal of Iran Sanctions Criminal Case in U.S.
By Jonathan Stempel
NEW YORK, Sept 18 (Reuters) - Halkbank on Friday urged a judge to dismiss a U.S. indictment accusing the state-owned Turkish lender of helping Iran evade American sanctions, even as it seeks the judge's...
Iran’s Rial Hits New Low Against Dollar as Economy Reels
DUBAI (Reuters) - The Iranian rial fell to a new low against the U.S. dollar on Saturday as the economy reels under the COVID-19 pandemic and U.S. sanctions.
The dollar was selling for as much as...
Iranian Carpet Exports Have Plummeted, Union Representative Says
By Kayhan Life Staff
The export of Persian rugs and handmade carpets has dropped significantly since last year, according to Mohammad Ali Zarineh, the head of the Union of Carpet Manufacturers and Weavers.
In comments reported...
Iran’s Economy Has Shrunk 20% Since 2016, Expert Says
By Kayhan Life Staff
In the past four years, Iran’s economy has contracted by 20 percent, according to Dr. Vahid Shaghaghi-Shahri, an economics professor at Tehran’s Kharazmi University.
“Iranian economy has shrunk by 20 percent in...
Iran’s Government Is Responsible for Volatile Stock Market, Expert Says
By Roshanak Astaraki
Some Iranian government supporters have described the massive fluctuation in share prices on the Tehran Stock Exchange (TSE) in July as a necessary correction. Others are blaming the government.
Iran announced a plan...
Owners of Iranian Fuel Seized by U.S. Assert Rights to Cargoes
Sept 1 (Reuters) - The owners of four Iranian fuel cargoes that were confiscated by U.S. authorities last month mounted a challenge to the seizure, asserting their rights to control the cargo, according to a...
Iranian Economy Is Hit Hard As Billions of Dollars in Capital Leave the Country
By Kayhan Life Staff
Nearly $100 billion in Iran’s capital accounts has left the country over the past decade, according to the Tehran-based 90-Eghtesad economics news website, citing a recent report by the Central Bank...
Iran Creditors Seek to Recover Funds From Deutsche Boerse Unit
BERLIN (Reuters) - Creditors of Iran have filed a suit in a New York court seeking to require Deutsche Boerse's <DB1Gn.DE> Clearstream unit to surrender assets that allegedly belong to the country's central bank, the German...
EXCLUSIVE – Iranian Vessel Loads With Venezuelan Alumina, Amid Closer Ties -Sources
By Maria Ramirez and Luc Cohen
PUERTO ORDAZ, Venezuela/NEW YORK, Aug 27 (Reuters) - An Iranian-flagged vessel loaded a cargo of alumina in Venezuela this month after delivering supplies for an Iranian supermarket in the South American...
