Thursday , 28 March 2024

Economy

CBI Sets Iran Oil Income at $29 Billion

Radiofarda – A report published Saturday by the Central Bank of Iran (CBI) says that Iran exported $29 billion of crude oil, gas condensate, natural gas, and other oil products in the previous Iranian calendar year, dating from March 20, 2019 to March 20, 2020. The figure is much less than what Iran exported in the previous year. According to …

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850,000 Iranians lose jobs amid coronavirus

PayvandNews – Some 850,000 people have lost their jobs since the outbreak of COVID-19 in Iran until August 1, Masoud Babaei, an official with the Ministry of Cooperatives, Labour, and Social Welfare, said on Monday.  Since the first cases of the disease were identified in the country, numerous businesses were affected, 62 percent of which were in the service sector …

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Iran Parliament’s Economic Committee Chair Says Tehran Stock Exchange Is “Manipulated”

Radiofarda – Mohammad-Reza Pour-Ebrahimi, the Chairman of the Parliament’s Economic Committee, has repeated the allegations that Tehran Stock Exchange (TSE) is “manipulated,” furthering claims that the government of President Hassan Rouhani has manipulated the market and created a bubble the in TSE to augment its own budget deficit. The government of President Hassan Rouhani is expected to have a large …

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We Cannot Sell Even A Drop of Oil, Iran Deputy President Laments

Radiofarda – In unprecedented remarks, Mohammad Baqer Nobakht, the Vice President of Iran and Head of the Budget and Planning Organization, lamented that “Tehran cannot sell even a drop of oil.” In unprecedented remarks, Mohammad Baqer Nobakht, the Vice President of Iran and Head of the Budget and Planning Organization, lamented that “Tehran cannot sell even a drop of oil.” Speaking at …

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US Sanctions Companies for Allegedly Supporting Iranian Petrochemical Company

VOA – The United States has sanctioned several companies for allegedly allowing the shipment and sale of Iranian petrochemicals. Six companies headquartered in Iran, China and the United Arab Emirates were sanctioned for supporting Triliance Petrochemical Co., Ltd., a Hong Kong-based dealer with operations in Iran, China, the UAE and Germany, the Treasury Department announced Thursday. The U.S. blacklisted Triliance Petrochemical in …

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Number of trading accounts in stock market reaches 48.5 million

PayvandNews – The number of trading accounts in Iran’s stock market has reached 48.5 million by the end of the last Iranian calendar month (August 21), while the figure was 9.086 million at the end of the same month in the past year, Mehr news agency reported on Monday, citing the data released by Finance and Economic Affairs Ministry. As …

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Iran’s Natural Gas Exports To Turkey Drop To Zero In Second Quarter

Radiofarda – The Turkish Energy Market Regulatory Authority (EMRA) reports that in the second quarter of 2020, the country did not receive any natural gas from Iran. At the end of March, the separatist left-leaning Kurdish party, PKK, blew up the Iran-Turkey natural gas pipeline, but unlike previous cases Ankara delayed repairing the pipeline for three months. Therefore, it did …

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China Resumes Reporting Oil Imports From Iran In July

Radiofarda – The latest Chinese Customs’ data show the country imported about 120,000 barrels of oil per day from Iran in July, worth a total of $134 million, after showing zero imports in June. This figure corresponds with information provided to Radio Farda by Kpler, a data intelligence company providing transparency solutions in commodity markets. Based on the same data, …

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Rouhani Says Sanctions Cost Government 900 Trillion Rials In Revenues

Radiofarda – Iran President Hassan Rouhani said on Wednesday that the country’s revenue has been reduced by 900 trillion rials (roughly equivalent to $214 billion) since the United States re-imposed sanctions on Iran in May 2018, maintaining that despite that loss, Iran is “still standing on its feet.” Speaking at a weekly cabinet meeting on Wednesday President Rouhani praised the …

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