Iran Plans to Boost State Coffers by Selling Oil Securities to Iranians
By Parisa Hafezi and Davide Barbuscia
DUBAI, Aug 12 (Reuters) - Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said on Wednesday, as part of the government's efforts to boost state coffers...
Turkey’s Halkbank Says It Is Immune From U.S. Prosecution in Iran Sanctions Case
By Jonathan Stempel
NEW YORK, Aug 10 - Halkbank on Monday urged the dismissal of a U.S. indictment accusing the state-owned Turkish lender of helping Iran evade American sanctions, saying it was immune from prosecution and that...
Company Linked to Iranian Defense Ministry Opens Supermarket in Venezuela
By Kayhan Life Staff
The Iranian conglomerate Etka, which is allegedly owned by the Armed Forces of the Islamic Republic, has opened its first supermarket “Megasis” in the Venezuelan capital Caracas, the Iranian Students News...
Iran May Ban South Korean Goods Over Unpaid Oil Imports, Majlis Deputy Says
By Kayhan Life Staff
The Majlis (Iranian Parliament) may ban all South Korean goods from entering Iran if the country refuses to pay the $7 billion it owes for the oil it bought before the...
Iran’s Stock Market Surges Past Key Level to Record High, as Analysts Warn of...
DUBAI, Aug 2 - Iran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating.
The Tehran Stock...
Swiss Humanitarian Aid Channel for Iran Very Different to EU’s INSTEX, Analyst Says
By Natasha Phillips
A Swiss humanitarian aid channel for Iran completed its first trade this week.
The Swiss Humanitarian Trade Arrangement (SHTA) — like the European Union’s Instrument in Support of Trade Exchanges (INSTEX) — has been designed to provide food and medicine...
Iran Has Fourth Highest Inflation Rate in the World, Official Says
By Kayhan Life Staff
Iran has the fourth highest inflation rate in the world, Ayoub Faramarzi, the deputy director for economics and accounting at the Statistical Center of Iran (SCI) has said.
In comments reported by...
Iran Struggles to Buy Food in a World Wary of Touching Its Money
By Jonathan Saul, Ana Mano and Joori Roh
LONDON/SAO PAULO/SEOUL, July 30 - Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and...
Iran Is Ready to Work with U.S. Companies, Oil Minister Says
By Kayhan Life Staff
Iran's Oil Minister Bijan Namdar Zanganeh has said that with the exception of Israel, the Islamic Republic is ready to work with any country in the world, including the U.S., in...
First Swiss Deal With Iran via Humanitarian Channel Has Gone Through – Swiss Govt
By Michael Shields
ZURICH, July 27 - A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in Bern said on Monday.
The Swiss Humanitarian Trade Arrangement (SHTA)...
