Iran

TEHRAN BLOG: Persian New Year set to bring more gloom for Iranians

bne Tehran bureau March 18, 2024

Iranians will celebrate the start of the Persian New Year Nowruz on March 20. Next year looks to be another year of economic difficulty, as the rial continues to depreciate.

Iran inks big deals to develop six oil fields

bne IntelliNews March 18, 2024

Iran has signed what it calls the biggest deals in a decade to develop six oil fields in the south and the west, a week after entering into $20bn contracts to boost pressure in the colossal South Pars gas field.

Saudi Arabia targets Russian tourists in new deal with Yandex

bne IntelliNews March 7, 2024

Saudi Tourism Authority has partnered with Yandex Travel, a prominent Russian online travel agency and aggregator, to capture the outbound Russian tourist market.

Iran confiscates US oil by court ruling in sanctions case

bne Tehran bureau March 7, 2024

Iran confiscated $50mn worth of American crude from a tanker seized last year by order of a Tehran court.

Turkmenistan: Kabul market

bne IntelliNews March 5, 2024

Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.

Belize-flagged Rubymar ship sinks in Red Sea following Yemeni Houthi attack

bne IntelliNews March 3, 2024

A Belize-flagged bulk tanker, the MV Rubymar, sank early on Saturday March 2 in the Red Sea following a missile strike by Yemeni Houthis on February 18, US Central Command announced.

Parliamentary elections in Iran: lowest turnout since 1979 revolution

bne Tehran bureau March 2, 2024

Voter turnout in Iran’s parliamentary elections is reportedly at 40%, according to semi-official sources from Iran on March 2.

TEHRAN BLOG: Record low turnout expected in Iranian parliamentary elections

bne Tehran bureau February 29, 2024

The ‘principlists,’ or conservatives, have fielded three separate lists, while the ‘moderate and reformist’ factions have united under a single banner.

Tehran Mail: TV guest in Iran falls asleep in panel discussion

bne Tehran bureau February 29, 2024

A guest on Iranian state television appears to have fallen asleep in a three-way discussion on education.

Central Bank of Iran defends exchange rate policy as rial spirals

bne Tehran bureau February 26, 2024

The Central Bank has responded to criticisms regarding its decision last month to permit banks to sell certificates of deposits with a 30% interest rate.

IIF’s pessimistic scenario forecasts dire results for the Middle East if a regional war breaks out

Ben Aris in Berlin February 16, 2024

The recent escalation in hostilities in the Middle East between Israel and Hamas has heightened the risk of a wider and prolonged conflict that would significantly impact the global economy and have dire consequences for the Middle East.

US 'hijacking' Venezuelan aeroplane, Iran says

bne correspondent in Tehran & Beunos Aires February 13, 2024

Iranian foreign ministry spokesman Nasser Kanaani said the United States' "unjust seizure" of the Venezuelan plane is illegal and violates the basic principles of the UN Charter and International law

Iranian government targets cryptominers amid bitcoin rally

bne correspondent in Tehran February 13, 2024

Iran Power Generation, Transmission, and Distribution Company (Tavanir) is set to launch a new initiative to tackle unauthorised cryptomining amid the surge in cryptocurrency values and foreign exchange rates.

Digikala, Iran's Amazon, charged with selling products containing offensive images

bne IntelliNews February 9, 2024

Tehran General and Revolutionary Courts have charged Digikala, Iran’s biggest online shop, for selling products with offensive images offered on the website,

Iraqi militia warns US of consequences after late night air strike in Baghdad

bne correspondent in Tehran February 8, 2024

Iraqi militia group Kata’ib Hezbollah on February 8 said the United States and other coalition forces in the region will be responsible for the consequences of the killing of two leaders of the group

Iran developing new nuclear reactor in Isfahan

Newsbase syndicate in Tehran February 7, 2024

Iran has begun building a fourth nuclear research reactor in the central city of Isfahan, days after it broke ground on a mega nuclear power plant (NPP) in the southern Hormozgan province.

Iraq shuts down Iranian banks across country in sign of growing tension

bne correspondent in Tehran February 7, 2024

The Central Bank of Iraq has revoked the licenses of Bank Melli branches in Iraq, citing the bank's unprofitability.

Expert warns Houthis’ Red Sea attacks could be precursor to more regional instability

bne IntelliNews February 7, 2024

ECFR’s Africa director says Houthi attacks on shipping are a “fundamental shift” in the security threat in the region.

Iranian diplomat dies in Moscow

bne IntelIiNews February 5, 2024

An Iranian diplomat at the embassy in Moscow allegedly died in a fitness club on February 4

Iran's rial gains after bruising fortnight of losses

bne IntelliNews February 4, 2024

Foreign exchange rates in Tehran have finally begun to ease after a two-week period of sharp increases, with the US dollar slipping by 1.4% and being traded at 551,500 in the Tehran open market.

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