IME Achievements Highlighted
TEHRAN - The CEO of Iran Mercantile Exchange (IME) on Wednesday highlighted the major programs of the IME for the current Iranian calendar year.
Skirting Oil Sanctions Is Very Difficult
TEHRAN – An expert on energy issues believes skirting the new U.S. sanctions on Iran’s oil exports is very difficult.
Forex Reserves in Good Condition
TEHRAN – The Governor of Central Bank of Iran Abdolnasser Hemmati says the foreign exchange reserves of the country are in good condition and there is no need to worry.
US sanctions not to impact Chabahar Port project
The strategic Chabahar port project, being developed by India in Iran, is a separate exception and will not be impacted by US President Donald Trump's decision not to renew exemptions that let eight countries including India to buy Iranian oil without facing tough American sanctions, a State Department official said as the Indian daily the Economic Times reported on Wednesday.
Export of goods through customs of Iran’s Qeshm island up by 139%
More than 7,160 tons of products worth $3.31 million were exported through the customs of Iran's Qeshm island, one of the islands of Iran’s southern Hormozgan province last Iranian year (started on March 21, 2018), Director General of the Qeshm Customs Office of Hormozgan province Hossein Saidi said.
Forex market controlled for the nth time
"The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.
Six reasons to purchase oil at IRENEX
There are several advantages for purchasing oil from Iran Energy Exchange (IRENEX) including the lower prices, smaller cargoes, easy conditions for participating the market, clearing the payments in rial and exporting the purchased cargoes to all over the world.
Iran says U.S. can’t realize “Zero Iran oil” plan
Following reports that the U.S. is planning to end the waivers on Iranian oil sanctions, a source with the Iranian oil ministry said Washington cannot drive Iranian oil exports to zero.
Trade at TSE, IFB up 80% in a year
The value of trades at Tehran Stock Exchange (TSE) and Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 80 percent during the past Iranian calendar year (ended on March 20, 2019), head of Iran’s Securities and Exchange Organization (SEO) announced.
Supply concerns drive oil prices to highest level since Nov. 2018
Oil prices rallied by more than 2% on Monday to levels not seen since November 2018 following the market's growing concerns that the US may not renew the sanction waivers on Iranian oil, which will end early May.