Wednesday , 24 April 2024

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Iran’s Currency Unexpectedly Rises 10 Percent Pushing Stock Market Lower

Radiofarda – The Tehran Stock Exchange (TSE) closed in red on Tuesday, July 16, as investors were set back by the recovery of the national currency rial in the open forex market. The massive selloff pushed the TSE main index TEDPIX 2.78% lower for the day. Meanwhile, rial traded at a rate not seen in months against the dollar at …

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Iran Central Banker Says Much-Needed Hard Currency Earnings Stay Abroad

Radiofarda – The Governor of the Central Bank of Iran (CBI) says that 150 Iranians involved in exporting goods have not returned billions of dollars of their revenues to the country. “Sadly, there is no accurate record available concerning them,” Abolnasser Hemmati complained on Tuesday, July 16. Without any elaboration, Hemmati insisted that, in a formal letter, the CBI has …

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Iran: Zarif’s missile remarks meant to challenge US, not signal negotiations

Al-Arabia – Iran says remarks by the country’s foreign minister about Iran’s missile program possibly being up for negotiations with the US meant to challenge Washington’s arms sales policy to the region – and were not meant to indicate a readiness by Tehran for any such talks. The Foreign Ministry’s spokesman, Abbas Mousavi, tweeted late on Tuesday that Mohammad Javad Zari’s comments …

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BBC faces backlash after it restricts its Persian content at Iran’s request

Al-Arabia – Viewers have accused the BBC of undermining its credibility after a Huffington Post report exposed a deal between the BBC and Tehran in which the BBC agreed not to share reports from inside Iran on its BBC Persian network. In exchange, the BBC was granted access for a foreign correspondent to enter Tehran, but the conditions of the …

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Iran Says It Helped Foreign Tanker Amid U.S. Concerns Of Seizure

RFL/RE – Iran says it has helped a foreign oil tanker in the Strait of Hormuz amid U.S. concern that Tehran seized the vessel. Iranian Foreign Ministry spokesman Abbas Musavi said on July 17 that the country towed an unnamed vessel to harbor after it suffered a technical malfunction. But the United States said that the vessel had not been …

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