Saturday, January 22, 2022

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Finance

“Iran’s 7-month export revenues equal total of last year’

The vice chairman of the Iranian Parliament’s Planning and Budget Commission has said Iran’s foreign exchange revenues for the last 7 months have been equal to the total of the last year.

Iran, world’s 3rd largest gas producer despite US sanctions

Iran has become the world’s third-largest producer of natural gas after the United States and Russia despite the harsh US sanctions. Iran has grown steadily over the past two decades in natural gas production, according to the US Energy Information Administration.

Iran to resume gas and oil exports to Afghanistan

Iran’s gas and oil exports to Afghanistan will resume from next week. That’s according to the director of the Iran-Afghanistan Joint Chamber.

Iranian Intel. Ministry dismantles company for ripping off citizens

Iran’s Intelligence Ministry says more than 150 leaders of a pyramid company calling itself Unique Finance have been arrested in 19 provinces across the country for financial wrongdoings.

Iran, Uzbekistan to forge closer trade, technological ties

Iran and Uzbekistan are to hold their second meeting on trade and technology in a bid to boost mutual interactions in those areas. Vice President for Science and Technology Sorena Sattari is to travel to Uzbekistan on November 22 heading a trade-technology delegation in a bid to lay the groundwork for closer technological cooperation between the two sides.

Iran, Pakistan to boost mutual trade to $5bn

Iran’s minister of industry, mines and trade says plans are in the offing to increase Tehran-Islamabad trade to $5 billion in two years’ time.

China Iran oil purchase “skyrockets”

Iranian oil sales to China have reportedly  soared in recent months. This as the administration of US President Joe Biden says they intend to talk to Beijing over the issue.

Iran: Fuel distribution returns to normal

  The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.

Iran seeks resumption of oil sales to India

Iran’s ambassador to India says Tehran expects New Delhi to resume oil purchases from Iran. He added Iran’s Foreign Minister Hossein Amir Abdollahian plans to visit India later this month.

Iran to develop oilfields near border with Iraq

The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.

Iran, Turkmenistan agree to boost bilateral trade to highest level

The Islamic Republic of Iran and neighboring Turkmenistan have agreed to increase the volume of their bilateral trade as much as possible.

‘Baku’s Road Toll on Iranian Truckers Against Karabakh Truce Deal’

Iran’s ambassador to Armenia says the toll imposed by the Azerbaijan Republic on Iranian trucks, travelling through Nagorno Karabakh, goes against the three-sided truce agreement among Moscow, Yerevan and Baku that ended last year’s conflict in the region.

Iranian president says exports must increase

Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.

Iran announces pilot activity of national cryptocurrency

The governor of Iran’s Central Bank has announced the pilot activity of the national cryptocurrency in the near future.

N Khorasan Exports Rise by 250 Percent in First Half of Year

The Organization of Industry, Mine and Trade in Iran’s Northern Khorasan Province says the provincial exports grew by more than 250 percent to 72.4 million dollars in the first half of the year, compared to the same period the previous year.

Belt and Road Initiative can help Iran blunt US sanctions

The Office for Economic Studies of the Iranian Parliament’s Research Center has issued a report examining China’s "Belt and Road Initiative" and its trade cooperation opportunities for the Islamic Republic.

Iran renews call on South Korea to unfreeze oil money

Iran's Deputy Foreign Minister Ali Baqeri Kani has called on Seoul to quickly and effectively unfreeze Iranian funds and resources in South Korea.

Delay in Release of Iranian Assets in Japan Not Justifiable: Raisi

Iranian President Ebrahim Raisi has called for the immediate release of Iran's frozen resources in Japan, noting that further delay in the release of the assets blocked in Japanese banks cannot be justified.

Tehran Rejects Bahrain Court Ruling against Iranian Banks

Iran's Foreign Ministry spokesman has slammed the Bahraini Supreme Criminal Court's ruling against the Central Bank of Iran and several other Iranian banks, categorically rejecting the false accusations levelled against them.

Iran’s Voting Right Restored after Paying Contribution Arrears to UN

The Central Bank of Iran (CBI) has paid the country's overdue UN membership fee for over $16 million, restoring the country's right to vote at the UN.

Iran Follows Up on Iraq’s Payment of Its Unpaid Debts

Iranian Foreign Ministry Spokesman Saeed Khatibzadeh, who is also the head of the Foreign Ministry's Public Diplomacy Department, held talks with Iraqi Foreign Minister Fuad Hussein in Baghdad.

Iran’s Central Bank Governor Sacked as He Begins Presidential Campaign

Abdolnasser Hemmati, the governor of the Central Bank of Iran (CBI), has been sacked from his position as he begins campaigning for the next month's presidential election.

FATF Issue Could Be Resolved As Vienna Talks Move Forward: Ex-Diplomat

A former Iranian diplomat has expressed hope as negotiations in Vienna bear fruit, the problem with the Financial Action Task Force (FATF) inside Iran will be solved too.

Iran to Buy 16m Doses of COVID-19 Vaccine Using Its Money Frozen in Iraq

Iraq has received the green light to pay $125 million in its debts to Iran for the purchase of 16 million doses of COVAX vaccines, Iran's energy minister said. The money has reportedly been transferred from Iraq's Trade Bank to a Swiss bank.

Iran Urges South Korea to Immediately Release Its Frozen Assets

Iran’s Deputy Foreign Minister for Political Affairs Abbas Araqchi has held talks with South Korean Deputy Foreign Minister Choi Jong-kun who was in Tehran as part of a delegation headed by the country’s prime minister.

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