Finance

Latest Financial News in Iran – News and opinion on the banking and finance sectors domestically and abroad. It includes national-level policy-making, the Central Bank of Iran, the stock exchange, as well as private actors in the field.

IFP Exclusive

Iranian, Turkmen presidents talk bilateral ties

IFP Editorial Staff -
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.
IFP Exclusive

Iran envisages exporting 1.2m barrels of crude daily

IFP Editorial Staff -
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.
Economy

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

IFP Editorial Staff -
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.
IFP Exclusive

“Iraq pays part of $7bn debt to Iran”

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

Iran says UK discussing how to repay £400m debt

IFP Media Wire -
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.
IFP Exclusive

Five arrested in Iran for destabilizing foreign exchange market

IFP Editorial Staff -
Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.
IFP Exclusive

Billions of dollars in frozen Iranian assets unlocked

IFP Editorial Staff -
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.
Media Wire

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

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

Raisi calls for expansion of economic ties with Venezuela

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

Iran’s negotiating team in Vienna comprised of seasoned experts

IFP Editorial Staff -
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).
IFP Exclusive

Intl. court fines Bahrain for confiscation of Iranian banks assets

IFP Editorial Staff -
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.
Foreign Policy

Iran: US sanctions damaging global law and multilateralism

IFP Media Wire -
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.
Government

Raeisi: Iran oil sales program moving ahead as planned

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raeisi says Tehran is pressing ahead with its oil sales program successfully.
Economy

Iran exports to Afghanistan hits $1bn

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

‘South Korean has not freed up Iran’s frozen assets’

IFP Editorial Staff -
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.
Industry

Data: Iran’s monthly oil export revenues at $1.3bn

IFP Media Wire -
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.
Economy

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

IFP Editorial Staff -
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.
Media Wire

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

IFP Media Wire -
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.
Economy

Iran to resume gas and oil exports to Afghanistan

IFP Editorial Staff -
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.
Economy

Iranian Intel. Ministry dismantles company for ripping off citizens

IFP Editorial Staff -
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.
Finance

Iran, Uzbekistan to forge closer trade, technological ties

IFP Editorial Staff -
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.
Economy

Iran, Pakistan to boost mutual trade to $5bn

IFP Editorial Staff -
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.
Finance

China Iran oil purchase “skyrockets”

IFP Media Wire -
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.
Economy

Iran: Fuel distribution returns to normal

IFP Editorial Staff -
  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.
Finance

Iran seeks resumption of oil sales to India

IFP Media Wire -
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.
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