Friday , 20 May 2022

Economy

Central Bank Governor Claims 40% Recovery In Value Of Iran’s Currency

radiofarda – The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati says the value of the Iranian currency rial has been strengthened by 40 percent during recent months. Hemmati’s claim comes on the backdrop of a sharp devaluation of Iran’s rial last year and its partial recovery in recent months. He was probably referring to last year when …

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Two Iranian Lawmakers In Arrested In Connection With Auto Industry Corruption

payvand – Security forces in Iran have arrested two members of the Iranian Parliament (Majles) on charges of “disrupting the car market,” a member of parliament’s ethics committee told Fars news agency on Thursday, August 22. The lawmaker told Fars that the Fereydoun Ahmadi and Mohammad Azizi who were arrested on Wednesday were linked to a financial corruption case at …

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Sugar Factory Director Arrested In Iran On Charges Of ‘Corruption’

radiofarda – Prosecutors in Iran have detained a sugar factory general manager on charges of corruption, in the latest episode of what officials say is an anti-corruption drive. Siamak Soltani who leads Isfahan’s Nakshe Qand (Ghand) publicly traded company was arrested August 22 for “disrupting the economic system”, Mehr news agency in Iran quoted the local prosecutor telling the media. …

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Iran’s Rouhani And Zarif Issue Threats Against Shipping, US

radiofarda – If Iran’s oil exports are cut to zero, international waterways will not have the same security as before, its president said on Wednesday, cautioning Washington against upping pressure on Tehran in an angry confrontation between the longtime foes. The comment by President Hassan Rouhani coincided with a remark by Iranian Foreign Minister Mohammad Javad Zarif that Tehran might …

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Iran Moves To Cut Four Zeroes From Its Struggling Currency

rferl.org – Iranian President Hassan Rohani has sent a bill to parliament that would cut four zeroes from the value of the country’s battered currency, the rial. Semiofficial news agencies reported the news on August 21, saying Rohani had sent the bill with urgency to the parliament to consider. Iran’s rial has sharply depreciated as a result of U.S. President …

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The CEO Of A Major Automaker Arrested In Iran

radiofarda – Days after accusations of large-scale corruption in Iran’s car industry, the CEO of Iran Khodro was arrested in his office after being fired hours earlier. Iran Khodro is one of the biggest vehicle manufacturers in Iran partnering with the French conglomerate PSA Peugeot Citroen. The reason for Monday’s actions of firing and then arresting Mr. Hashen Yekke Zare’e …

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Iran Warns U.S. Against Move To Detain Tanker As Ship Heads To Greece

rferl.org – An Iranian supertanker sought by the United States on suspicion of being tied to a sanctioned organization has set sail for Greece hours after Gibraltar rejected a U.S. request to detain the vessel further. Iranian authorities confirmed on August 19 that the Adrian Darya 1, formerly known as Grace 1, left anchorage off Gibraltar. Ship tracking data by …

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Gibraltar Rejects U.S. Request Over Closely Watched Iranian Tanker

rferl.org – Shipping and other international authorities continue to monitor an Iranian supertanker cleared for release after a month in custody in Gibraltar over possible breaching of EU sanctions, but the reportedly renamed vessel might be sailing into a showdown as U.S. authorities are still seeking its seizure. Officials in Gibraltar on August 18 rejected a renewed U.S. request that …

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US announces warrant to seize Iranian supertanker Grace 1

Al Arabiya : The US Justice Department unveiled a warrant on Friday for the seizure of the Iranian oil supertanker Grace 1, one day after a Gibraltar judge allowed the release of the detained vessel. The warrant says the vessel, all the oil aboard and $995,000 are subject to forfeiture based on violations of the International Emergency Economic Powers Act …

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Iran Renames, Reflags Seized Tanker As It Prepares To Leave Gibraltar

rferl.org : An Iranian supertanker seized six weeks ago by Gibraltar is being renamed and reflagged as it prepares to sail after the British overseas territory said it was free to leave. Jalil Eslami, deputy head of Iran’s Ports and Maritime Organization, said on state television on August 16 that the Grace 1, which has been held by Gibraltar since …

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