Finance

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).

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.

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.

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

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

The chairman of the Iran-South Korea Joint Chamber of Commerce says Seoul has not released frozen Iranian assets despite reports alleging it has done so.

Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.

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

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 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’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.

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.

  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’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.

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.

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

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

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

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.

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

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.