Iran Financial News

Iran's Defence Ministry unveiled a drone on Tuesday resembling America's armed MQ-9 Reaper, claiming that the aircraft is capable of staying airborne for 24 hours and has the range to reach the country's archenemy Israel. Iran's state-run IRNA news agency published a photograph of the drone, called the Mohajer-10, on display at a conference marking Defence Industry Day with what appeared to be smoke-machine fog underneath it. «Mohajer» means «immigrant» in Farsi and has been a drone line manufactured by the Islamic Republic since 1985. IRNA said the drone is able to fly up to 24,000 feet with a speed of 210 kph (130 mph), carrying a bomb payload of up to 300 kilograms (660 pounds).

Brics bloc of emerging economies to counterbalance Western influence, while others in the group are reluctant to admit new entrants, such as Iran and Cuba, for fear of alienating Washington. The debate among the Brics nations—Brazil, Russia, India, China and South Africa—about whether and how to expand will likely feature prominently during the group’s first in-person leaders’ summit since the pandemic. The presidents of Brazil, China and South Africa, as well as the Indian prime minister, are set to attend the gathering here starting Tuesday.

An American-owned oil tanker long suspected of carrying sanctioned Iranian crude oil has begun offloading its cargo near Texas

There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report.

World Photography Day reminds us of photography's ever-expanding role in our lives. This day provides photographers worldwide with a platform to showcase their work, exchange ideas, and advocate for the importance of photography. If you happen to be in Delhi or Mumbai, there are some fantastic locations that offer ideal settings for capturing captivating photographs. World Photography Day is a momentous occasion where individuals engage in discussions and participate in events that highlight the craft of photography. Photography has become an essential element in modern communication, journalism, advertising, and artistic expression.Delhi's Picturesque Spots:

Also read: Bahrain Steel to supply iron ore pellets to Essar's green steel project in Saudi Arabia For years, Iran and Saudi Arabia had been engaged in a bitter rivalry for influence in various Middle Eastern countries. Rivalry between Iran's revolutionary, Shi'ite Muslim leaders and Saudi Arabia's Sunni ruling family dominated the Middle East. This rivalry had led to sectarian tensions and conflicts in Iraq, Syria, Lebanon, Yemen, and Bahrain.

World Photography Day, people engage in several activities like engaging in photography-related discussions and participating in events that showcase the art and craft of photography. It is an integral part of modern communication, journalism, advertising, and artistic expression. 1.

Hindustan Times. The report cited people familiar with the developments and said that despite the daily deteriorating humanitarian situation in Afghanistan, India has continued to supple wheat to the Taliban-ruled country. The assistance, which includes medical and food aid has been provided in view of the deteriorating humanitarian situation in Afghanistan and urgent appeals by UN agencies, noted HT.

Prime Minister Modi reiterated the commitment to further strengthen bilateral cooperation, including realising the full potential of Chabahar Port as a connectivity hub. Prime Minister Modi highlighted that the India-Iran relationship is underpinned by close historic and civilisational connections, including strong people-to-people contact.

Martin Scorsese has backed a petition against the jailing of prominent Iranian movie director Saeed Roustaee for screening a film at the Cannes Film Festival. Scorsese, the Oscar-winning director of «Taxi Driver» and «Goodfellas,» reposted a campaign launched by his daughter Francesca this week after news of Roustaee's prison sentence emerged. «Please sign this petition to bring justice to Saeed,» Scorsese wrote on Instagram.

Energy-rich countries across the Middle East and North Africa are struggling to keep power flowing to their own citizens during intense summer heat, with Egypt the latest to impose rolling blackouts. The outages here have prompted concerns that Cairo’s domestic gas supply is running low. Iran and Iraq, both oil exporters, are also facing blackouts as blistering temperatures envelop the region, with the thermometer reaching 122 degrees Fahrenheit in Baghdad, buckling aging power grids.

Pakistan President Arif Alvi on Monday appealed to political leaders to shun their differences and antagonism as the cash-strapped country celebrated its 76th Independence Day. Addressing a flag hoisting ceremony held at the Convention Centre here, the president also expressed his gratitude to friendly countries like China, Saudi Arabia, the United Arab Emirates, Iran and Turkiye for supporting Pakistan during its economic woes. He expressed confidence that Pakistan could become a developed country in a few years.

Mohamed Alabbar is more than just the managing director of Emaar Properties, the Dubai real estate firm that built the world’s tallest building, the Burj Khalifa. The multi-faceted entrepreneur and investor is also taking on Amazon in West Asia and spearheading UAE’s first digital bank Zand. In a video interview with Kailash Babar and Arijit Barman, Alabbar spoke frankly about mistakes made in India, future growth prospects and investment opportunities in digital assets as well as the stronger than ever bilateral ties between UAE and India.

IRNA, “Fars Deputy Governor Esmail Ghezel Sofla described the attacker as a Takfiri element and said the person had been arrested and is being interrogated by judicial authorities." In Iran, the term ‘takfiri’ is referred to jihadists or proponents of radical Sunni Islam. Early media reports said that the attacker had opened fire at people after being confronted by security guards at the gates of the shrine. The wounded were transferred to medical centres and are undergoing treatment, said the media reports.

DUBAI (Reuters) -An attack on a Shi'ite Muslim shrine in Iran's southern city of Shiraz killed at least one person on Sunday, a local official told state TV, adding that one person had been arrested.

«Vessels are being advised to transit as far away from Iranian territorial waters as possible» to minimise the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is «notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de-escalate,» he added. The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates. Its mission, according to its website, is to «provide reassurance to merchant shipping in the Middle East region». The United Kingdom Maritime Trade Operations (UKMTO) agency said late Saturday in a statement that it had been «made aware of an increased threat within the vicinity of Strait Of Hormuz», through which one-third of the world's oil transported by sea passes.

Western-backed maritime forces in the Middle East have warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized

Shehbaz Sharif dissolved the parliament last week as its five-year term came to an end. Usually, such a step is a formality and a general election would typically have to be held within 90 days. Kakar was confirmed by President Arif Alvi as the choice of the outgoing coalition government, led by Shehbaz Sharif, and opposition leader Raja Riaz Ahmad.

Iran reached a tentative agreement this week that will eventually see five detained Americans in Iran and an unknown number of Iranians imprisoned in the U.S. released from custody after billions of dollars in frozen Iranian assets are transferred from banks in South Korea to Qatar. The complex deal — which came together after months of indirect negotiations between U.S.

air pollution rose from 2.6 million in 1990 to 3.5 million in 2019, a 31 per cent worldwide increase, according to a study. The research, published on Wednesday in Journal of the American Heart Association, analysed particulate matter (PM) pollution as a risk factor for death and disability using freely available data from 204 countries collected between 1990 and 2019 and detailed in the Global Burden of Disease (GBD) study.PM pollution consists of small particles of liquid and solids suspended in the air and inhaled into the lungs, such as vehicle emissions, smoke, dust, pollen and soot.

Iranian authorities did little to enforce the law on women covering their hair but now the country's theocracy is pushing to make businesses the new battleground over the mandatory headscarf. The effort comes ahead of the first anniversary of nationwide protests that erupted after the Sept. 16 death of Mahsa Amini in the custody of the country's morality police.