Thursday, December 1, 2022

Finance

Iran and S. Korea set for talks next month over frozen assets

South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle years-long disputes over Tehran's assets frozen under US sanctions, an informed source says.

Japanese ambassador to Tehran visits southern city of Ahvaz

Japan’s Ambassador to Tehran Ikawa Kazutoshi has said Tokyo is ready to expand cooperation with Iran .

Appointment of Iran petrochemical giant’s chief triggers criticism

Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.

Iran police: Canada refuses to extradite ex-Bank Melli president

Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.

Bagheri: South Korea obliged to release Iran’s assets

Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money

Iran petrochemical exports expected to rise to $14bn by year end

Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.

Minister: Natural gas swap with Turkmenistan to start soon

The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.

Iran Supreme Court acquits former central bank governor

Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.

Iran’s trade with neighbors reach $33bn in eight months: official

Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.

Iran, Hungary ink MOU on economic cooperation

Iran and Hungary have signed a memorandum of understanding on bilateral economic cooperation.

Iran, India, Uzbekistan discuss facilitating product transit through Chabahar port

Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.

Iranian, Turkmen presidents talk bilateral ties

The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.

Iran envisages exporting 1.2m barrels of crude daily

Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.

Raisi urges focus on domestic potential as he presents budget bill to MPs

Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.

“Iraq pays part of $7bn debt to Iran”

The head of the Iran-Iraq Joint Chamber of Commerce says part of Iraq’s $7 billion debt have been received from Baghdad.

Iran says UK discussing how to repay £400m debt

UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.

Five arrested in Iran for destabilizing foreign exchange market

Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.

Billions of dollars in frozen Iranian assets unlocked

Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.

UK says wants to pay £400 million ‘we owe Iran’

UK Foreign Secretary Liz Truss says the £400 million that Britain owes Iran is a “legitimate debt” that London wants to pay.

Raisi calls for expansion of economic ties with Venezuela

Iran’s President Ebrahim Raisi has described relations with Venezuela as strategic during a phone conversation with the country’s president Nicolas Maduro.

Iran’s negotiating team in Vienna comprised of seasoned experts

The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).

Intl. court fines Bahrain for confiscation of Iranian banks assets

Iran says the International Court of Arbitration has found Bahrain guilty over confiscation of assets of two Iranian banks and ruled that Manama should pay more than 200 million euro in reparation to the Iranian financial institutions.

Iran: US sanctions damaging global law and multilateralism

Iranian Minister of Oil announced unilateral Washington sanctions against Tehran will damage global law and multilateralism, targeting livelihood of people. Javad Owji made the remark while addressing the 23rd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) which was held virtually on Tuesday.

Raeisi: Iran oil sales program moving ahead as planned

Iranian President Seyyed Ebrahim Raeisi says Tehran is pressing ahead with its oil sales program successfully.

Iran exports to Afghanistan hits $1bn

Afghanistan’s Chamber of Commerce says the country’s imports from Iran have reached one billion dollars over the last 8 months.

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