Friday , 29 March 2024

Economy

Iran proposes locations to Saudi Arabia for ministerial talks

reuters – DUBAI, March 19 (Reuters) – The Iranian government has proposed to Saudi Arabia three locations for a meeting at foreign minister level, Iran’s foreign minister said on Sunday, citing the latest messages with Riyadh since the countries agreed to re-establish ties. Iranian Foreign Minister Hossein Amirabdollahian told a news conference in Tehran his country had agreed to such …

Read More »

Iran says it signed ‘aviation cooperation’ memo with UAE

Al-Monitor – Iran and the United Arab Emirates agreed on Tuesday to work together more on aviation matters, Iranian state media reported.  Iranian Civil Aviation Organization spokesman Jafar Yazarloo said they signed a memorandum of understanding with the UAE’s General Civil Aviation Authority. They specifically aim to increase the number of flights between Iran and the UAE and boost the number …

Read More »

U.S. Targets Iran-Linked Oil, Petrochemical Shippers In Latest Sanctions

RFL/RE – The United States said it was imposing sanctions on a number of Iranian-linked oil shippers and petrochemical firms, accusing them of violating U.S. restrictions. The moves, announced on March 2, were the latest effort by Washington to curtail Iranian oil smuggling. In a statement, U.S. Secretary of State Antony Blinken said the sanctions targeted 11 firms and 20 …

Read More »

The Farda Briefing: Public Anger Rises As Iranian Currency Hits New Lows

RFL/RE – Iran’s national currency, the rial, plummeted to new record lows on the country’s unregulated market over the weekend, trading for 601,500 to the dollar, its lowest-ever rate. On February 28, the rial stood at 569,000 against the U.S. dollar, according to the foreign-exchange site Bonbast.com. Iranian authorities have blamed the currency’s fall on alleged attempts by the country’s …

Read More »

Iran’s Currency Nosedives as Savers Buy Dollars

VOA – Iran’s rial currency sank to a record low against the U.S. dollar Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and the country’s economic prospects. The rial was trading at 575,000 on the unofficial free market against the dollar, compared to 540,000 on Friday, according to foreign exchange site …

Read More »

‘Meat Rebellion’: Price Hike Triggers Public Anger In Iran

RFL/RE – A sudden hike in the price of red meat has triggered widespread public anger in Iran, where the troubled economy has sunk to new lows. The authorities have responded to the criticism by playing down the price hike and cracking down on a Tehran newspaper that ran a story critical of the government.Commodity prices have risen sharply in …

Read More »

“Did You Know?” Inflation In Iran Reaches Record Heights

Iranwire – In our “Did You Know?” series of articles, IranWire collects, analyses and compares reliable data to produce illuminating infographics on current events in Iran. *** Link Did you know that inflation in Iran has reached a record high? Inflation in Iran has been on the rise for a while, and the latest figures from the country’s Statistics Center …

Read More »

Iran’s Currency Falls to Record Low as Sanctions to Continue

VOA – Iran’s troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions. The Iranian rial plummeted to a new record low of 501,300 against the U.S. dollar, according to Bonbast.com which gathers live data from Iranian exchanges. Facing an inflation rate of about …

Read More »

Iranian Currency Falls To Record Low Amid Sanctions, Protests

Iranwire – The Iranian currency has hit a record low against the U.S. dollar amid the country’s increasing isolation, a worsening economic situation triggered by years of sanctions and political instability sparked by the ongoing nationwide protests. On February 16, the dollar went past the 475,000-rial mark for the first time on the open market. The currency lost more than …

Read More »
0