Friday , 29 March 2024

Economy

Iran’s Oil Exports In July Drop To Around 100,000 BPD

Radiofarda – The latest data provided to Radio Farda by Kepler, an international data intelligence firm to Radio Farda, show that Iran’s crude oil exports in July reached 101,000 barrels per day. Before the United States imposed sanctions in 2018, Iran used to export 2.5 million barrels per day. Reuters has also reported that Iran’s oil production dropped to 1.9 …

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Chinese, Russian Banks Refuse Transactions With Iran

Radiofarda – A member of Iran’s Chamber of Commerce has said that China’s Kunlun Bank is refusing to deal with Iran, as warnings from the international watchdog, the Financial Action Task Force (FATF) regarding banking ties with the Islamic Republic have become tougher this year. Ali Shariati told local news website ILNA August 5 that for Iran the toughest challenge …

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Iranians voice dismay after Iran opens supermarket in Venezuela

Al-Arabia – The opening of an Iranian supermarket in Venezuela has drawn criticism from Iranians online who say Tehran should prioritize providing for its people at home, according to reactions on social media. https://vid.alarabiya.net/2020/08/01/iranvenez4dea405e/iranvenez4dea405e___iranvenez4dea405e_video.mp4 An Iranian supermarket named Megasis opened its doors to Venezuelans in the capital Caracas on Wednesday. For all the latest headlines follow our Google News channel …

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Strikes In Iran’s Oil Sector Continue And Expand To Other Industries

Radiofarda – Workers in various industrial sectors in Iran, including oil, gas and petrochemical industries, continued their strikes on Sunday and Monday, amid worsening economic condition and high inflation. According to reports published on social networks and unofficial trade unions, the workers at several refineries and petrochemical companies in the provinces of Khuzestan, Bushehr, Hormozgan, and Fars entered their second …

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Iranian Workers Strike In Different Sectors, Notably Oil And Gas

Radiofarda – A wave of labor strikes has hit Iran on Saturday, August 1 in different sectors and plants, including Haft Tappeh Sugar Cane industrial complex, and more importantly in the oil and gas industry. Workers went on strike in the south if Iran, at Abadan, Parsian and Qeshm refineries, and in the Lamerd petrochemical complex, and South Pars oil …

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Trade Official Says Russian And Chinese Banks Refuse To Deal With Iran

Radiofarda – The chairman of the Iran-China Chamber of Commerce says Tehran has virtually no banking transactions with Russia and China. If someone with an Islamic Republic passport applies for banking services in these countries, he will be rejected. Speaking to the state-run Iran Labor News Agency (ILNA) on August 1, Majid Reza Hariri reiterated, “No bank is willing to …

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US Says Policy Of Sanctions To Continue Until Iran Changes Course

Radiofarda – The U.S. National Security Council referring to the latest sanctions imposed on Iran says sanctions will continue until the Islamic Republic “ceases to pose a threat to international peace and Security.” In a tweet July 31 The NSC refers to new sanctions announced the previous day. “The United States has expanded sanctions on metals and other material used …

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Insight-Iran Struggles To Buy Food In A World Wary Of Touching Its Money

Radiofarda – Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it’s a struggle. Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money because they fear unwittingly breaching the …

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Dollar Rising Again In Iran After Central Bank’s Intervention Fizzled Out

Radiofarda – The U.S. dollar has started rising again since Saturday in Iran after a central bank intervention last week briefly strengthened the Iranian currency. The Central Bank of Iran (CBI) injected about $1 billion into the local exchange market from July 18 to 23. The dollar which had risen to 260,000 rials dropped to 210,000 last week. However, from …

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Iran Parliament’s Research Arm Says U.S. Sanctions Are Here To Stay

Radiofarda – In a new report published on July 28, the Iranian Parliament’s Research Center (MRC) has said that U.S. sections are expected to remain in effect in mid and even long terms, and longstanding strategies to cope with them are required. “The United States’ sanctions target the key sectors of the Iranian economy earning foreign currency for the country, …

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