Iran’s Rouhani Says Low-Risk Economic Activities to Resume From April 11 Amid Coronavirus
DUBAI, April 5 (Reuters) - Iran's president said on Sunday "low-risk" economic activities would resume from April 11 in the Middle Eastern country worst-affected by the new coronavirus.
Iran has been struggling to curb the...
More Russian Oil Going East Squeezes Iranian Crude Sales to China
By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu
LONDON, May 19 (Reuters) - Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost...
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...
OPINION: Iran Lacks Coherent Strategy to Fight Pandemic; Employees at Risk
By Roshanak Astaraki
It has been 42 days since the first cases of the COVID-19 emerged in Tehran and the holy city of Qom. Yet despite the creation of the National Headquarters for Fighting Coronavirus,...
U.S. Renews Waivers on Iran Nuclear Work, but Sanctions Top Iran Nuclear Official
By Humeyra Pamuk and John Irish
WASHINGTON/PARIS, Jan 30 (Reuters) - The Trump administration on Thursday said it will allow Russian, Chinese and European companies to continue their work at Iranian nuclear sites, arguing that...
U.S. Imposes New Iran Sanctions That May Spook European Banks
By Daphne Psaledakis and Arshad Mohammed
WASHINGTON, Oct 8 (Reuters) - The United States on Thursday slapped fresh sanctions on Iran's financial sector, targeting 18 banks in an effort to further choke off Iranian revenues as Washington...
Iran’s Mehr Petrochemical Faces Financial Misconduct Allegations
By Kayhan Life Staff
The General Inspection Organization of Iran (GIO), also called the State Inspectorate Organization of Iran, recently released a 54-page report on alleged financial misconduct committed by the Mehr Petrochemical Company related...
U.S. Seeks to Seize Gasoline in Four Iran Tankers Bound for Venezuela
By Timothy Gardner and Daphne Psaledakis
WASHINGTON, July 2 - U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration...
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 Hyperinflation Sends Food Prices Soaring By As Much As 332%
By Kayhan Life Staff
A recent report by the Statistical Center of Iran (SCI) listed 53 food products affected by rising inflation in cities across the country, with 37 items experiencing a price hike of...
