Reduction Decision Iranian Oil Minister Bijan Namdar Zanganeh underlined his country’s decision to continue membership in the Organization of the Petroleum Exporting Countries, saying that Tehran has been exempted from OPEC’s decision to decrease crude production due to the US sanctions. Iran intends to stay in the OPEC and have coexistence with its neighbors, Zanganeh […]
After a long fracas, the CPPO and major carmakers Iran Khodro and SAIPA, have reached an agreement that says car prices at the factory that currently cost under 450 million rials ($4,360) will jump between 50-130%, informed sources told the Persian-language economic newspaper Donya-e-Eqtesad, a sister publication of the Financial Tribune. According to prices introduced […]
President Hassan Rouhani said Tue. that Iran’s oil sales have been faring much better than how they did before the Nov. 5 US sanctions targeting the country’s oil sector.
Water resources management in Iran faces challenges and must be directed towards integrated management in this sector, a water field expert from the German ministry of Science and Research said.
After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, Sam Barden, director of the international trading and consulting company SBI Markets said on Tuesday.
While a China-Russia payment system to boost the use of the yuan and ruble in cross-border transactions might initially have a limited impact, it could gain momentum if the US continues to abuse the dollar’s dominant position in the existing payment system, experts noted.
Market figures in Iran show the prices of the US dollar and gold – two key drivers of consumer prices – have been declining over the past week in what is seen as a clear defiance against earlier predictions that sanctions could trigger a price shock in the country.
In a video interview with Iranian Ambassador to London, Hamid Baeidinejad, released by CNN on Tuesday, he was asked to comment on how “realistic” the claims by US National Security Advisor, John Bolton, are regarding the US’ attempts to squeeze Iran’s economy to the point Iran would be forced to change its behavior.
Instructions and charter for private equity funds have been ratified, Iran’s Securities and Exchange Organization’s deputy for supervision of financial institutions said.
On Sunday the national currency gained slightly against the dollar with the exchange rate falling below the support level of 140,000 rials. The rial was traded at 161,000 rials to the euro down from the previous day’s 164,000.