Iran Financial News

A multibillion-dollar agreement signed with France’s TotalEnergies could help resolve Iraq’s longstanding electricity crisis

Reuters. Though the resolution was opposed by the United States and the European Union who opined that it would conflict with their view on human rights and freedom of expression.

A senior official of the US think tank Institute for the Analysis of Global Security has been accused of acting as an unregistered agent of China, federal prosecutors in Manhattan said on Monday. Gal Luft, a citizen of the US and Israel, is accused of recruiting and paying a former high-ranking US government official on behalf of principals based in China in 2016, without registering as a foreign agent as required by law.

A U.N. envoy says sporadic armed clashes between Yemen’s Houthi rebels and government forces are straining peace efforts, and the rivals are now also battling over revenue from ports, trade, banking and natural resources

Iran's official news agency says a fire erupted at an oil refinery and injured eight firefighters in the country's south

Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%.

Women in Iran, who have long been barred from attending football matches except for rare occasions, will be allowed into stadiums during the upcoming season, a top official said Sunday. «This year, one of the prominent features of this league… is that we will witness the entry of women into stadiums,» said Mehdi Taj, head of Iran's Football Federation.

According to Schengen Statistics, Algerian nationals were refused Schengen visa applications the most in 2022, with a total of 179,409 visas not being issued with the total rate of not issued uniform visas reaching 45.8 per cent. The list of top ten countries with the highest Schengen visa rejection rates for 2022 also included countries like Turkey, Morocco and Russia, which had 120,876, 119,346 and 68,753 visa applications rejected, respectively.

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

A post shared by TasteAtlas (@tasteatlas) Restaurant founded in: 1939 Iconic dish: Biryani Paragon enshrines Kerala's rich gastronomic history, celebrated for its mastery of traditional Malabar cuisine. The dish that reigns supreme is the biryani, a blend of rice, meat, and spices, steeped in age-old traditions and prepared with locally sourced ingredients. Restaurant founded in: 1905 Iconic dish: Galouti kebab Tunday Kababi has gained widespread acclaim for its Mughlai cuisine.

India is looking to usher in a comprehensive and multifaceted partnership with the countries of Central Asia by leveraging the platform provided by the Shanghai Cooperation Organisation (SCO), people aware of the matter said. SCO is a prominent Eurasian grouping to ensure peace, stability, and security in the vast and resource rich region stretching from the borders of Europe to the Pacific, including China, Russia and Pakistan. India hosted SCO's latest summit virtually earlier this week where Iran became the ninth member of the grouping.

Lionel Messi, and Christiano Ronaldo in the list.  Despite India's popularity as a huge market for football tourism, India has not been able to shed its tag of being a cricket-crazy nation. Neither has the Indian Football team made a mark during the carnivalesque FIFA World Cups.  However, that has never ruined Chhetri's spirit, who led his country to a modest Inter-continental Cup and SAFF Championship over last three weeks.  The 38-year-old soon to be a parent goal machine has 93 strikes from 142 matches - the top two positions belonging to Cristiano Ronaldo (123 goals from 200 caps) and Lionel Messi (103 from 175).

Federal prosecutors say a former Indiana congressman should pay nearly $1.4 million to cover the legal bills of companies forced to incur expenses when he was prosecuted on insider trading charges

Tokayev addressing the Shanghai Cooperation Organization (SCO) Summit on Tuesday suggested that the main task of the SCO countries should be to prevent a geopolitical rift between East and West. The Kazakh President proposed to the SCO Council of Heads of Government to consider establishing a joint Investment Fund.

When Washington Post correspondent Jason Rezaian was released from Iran after 544 days of imprisonment, he said his welcome home came with bills of $20,000 for unpaid taxes, late payment penalties and interest. Rezaian had given his brother power of attorney to manage his affairs while he was abroad—but that power didn’t allow his brother to submit tax returns on his behalf. “There was no pause button for wrongful detention," Rezaian said.

India's Deputy National Security Advisor Vikram Misri is in Iran with an aim to promote freight transit through the International North-South Transport Corridor (INSTC) and extend the usage of Chabahar Port, India's first foreign port project. Iran is a key partner in India's extended neighbourhood and Misri's visit coincides with the country's entry into the Shanghai Cooperation Organisation (SCO).

(Reuters) — Morgan Stanley (NYSE:MS) on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year.

Putin on Tuesday hailed India’s presidency of the SCO and appreciated Prime Minister Narendra Modi’s support after the Wagner mercenary group staged a mutiny in Russia on June 25. The Shanghai Cooperation Organization (SCO) is firmly committed to building an equitable, multipolar world order grounded in international law, Putin said while addressing the virtual summit of the SCO.

Prime Minister Narendra Modi Tuesday said the members of Shanghai Cooperation Organisation can work towards maximizing the utilization of the Chabahar Port following Iran's membership of the world's largest regional organization. "The International North-South Transport Corridor can serve as a secure and efficient route for landlocked countries in Central Asia to access the Indian Ocean. We should strive to realize its full potential," the prime minister said.

SCO Heads of State Council approved the SCO Economic Development Strategy to 2030; made the decisions on completing the procedure for admitting the Islamic Republic of Iran to the Shanghai Cooperation Organisation and granting it the status of an SCO member state; signed the Memorandum of Obligations of the Republic of Belarus in order to obtain the status of an SCO member state; and on announced the city of Almaty, Kazakhstan, as the SCO Cultural and Tourism Capital in 2023–2024. In addition, the SCO Heads of State Council approved the Concept of Cooperation between the SCO Member States to decarbonise transport and promote digital transformation and innovative technologies to achieve greater efficiency and sustainability.

Ebrahim Raisi on Tuesday said the Western hegemonic powers have jeopardised prosperity and the principles of fair trade by resorting to economic coercion and sanctions as he called for the removal of the dollar in transactions to form a fair international system. Raisi made the remarks while addressing the 23rd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State (CHS) presided by Prime Minister Narendra Modi via a video link as Iran became the 9th permanent member of the Beijing-headquartered economic and security bloc.