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.
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.
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.
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 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.
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.
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.
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.
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.
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.
