EXCLUSIVE: Iran Has Shut Down Its Biggest Offshore Oil Complex, Source Says
By Kayhan Life Staff
The Iranian Offshore Oil Company (IOOC) has shut down its Abuzar Oil Field in the Persian Gulf, a source familiar with the situation told Kayhan Life on May 28.
The source explained...
Turkey Plans Power Cuts to Industrial Facilities After Iran Cuts Gas Flow
ISTANBUL, Jan 20 (Reuters) - Turkey's energy ministry said on Thursday it will impose limited and predetermined power outages to large industrial facilities and electricity plants after Iran cut gas flows to Turkey for up to...
Gatherings Banned, Travel Restricted as Coronavirus Cases Grow Worldwide
By Steve Holland and Julia Harte
WASHINGTON, Feb 29 (Reuters) - Leaders in Europe, the Middle East and the Americas rolled out bans on big gatherings and stricter travel restrictions as cases of the new...
Prominent Iranians Including Shohreh Aghdashloo Petition for Dissolution of Islamic Republic
By Cyrus Ebadi
More than 170 Iranians from various walks of life, both inside and outside Iran, have signed a petition calling for the dissolution of the Islamic Republic of Iran and the resignation of...
Iran and China on the Verge of Signing 25-Year Deal
By Ahmad Rafat
After years of talks, Iran and China are reportedly getting ready to sign a wide-reaching 25-year contract. There has been no official announcement regarding the agreement. It is also unclear whether the...
Iran Economy to Shrink 9.5% This Year Amid Tighter U.S. Sanctions, Says IMF
DUBAI, Oct 15 (Reuters) - Iran's economy is expected to shrink by 9.5% this year, the International Monetary Fund (IMF) said, down from a previous estimate of a 6% contraction, as the country feels the...
More Than 700,000 Afghans Leave Iran as Economy Slows
By Tom Miles
GENEVA, Dec 5 (Reuters) - More than 700,000 undocumented Afghans have returned from Iran this year as the Iranian economy tightens, with a knock-on effect on the Afghan economy, according to data from the U.N.'s...
Iranian Rial Drops to Lowest Rate Since September 2018 Against the U.S. Dollar
May 12 (Reuters) - The Iranian rial hit its lowest rate against the U.S. dollar since September 2018 on the unofficial market on Tuesday, a foreign exchange website reported, amid a deterioration in the economic...
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...
Iran’s Zanganeh Says Hard to Predict Oil Prices as Demand Unclear – Radio
DUBAI, May 25 (Reuters) - Iran's oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.
"No one can predict crude prices and now the...
