Iran Financial News

Miners kept Europe’s stock benchmark afloat on Monday after prices for copper and gold surged to all-time highs. Oil held gains as the market watched for any fallout from political ructions in two of the world’s major crude producers.

expressed grief over the demise of Iranian President Ebrahim Raisi, who died in a chopper crash. In his condolence message on X, formerly Twitter, Modi said India stands with Iran in ‘this time of sorrow’. "Deeply saddened and shocked by the tragic demise of Dr.

Bitcoin (BTC) halted its decline and regained traction, rising above $67,000 and reaching an intraday high of $67,600.

Ebrahim Raisi was declared dead on Monday after rescue teams found his crashed helicopter in a fog-shrouded western mountain region. “The servant of the Iranian nation, Ayatollah Ebrahim Raisi has achieved the highest level of martyrdom while serving the people," state TV declared, showing pictures of Raisi as a voice recited the Koran.

Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and other officials, were found dead at the site of a helicopter crash on Monday, following an hours-long search through a foggy, mountainous area in the northwest of the country, state media reported. Newswire AP reported that Raisi has long been regarded as a protégé of Iran's supreme leader, Ayatollah Ali Khamenei, and a potential successor within the country's Shiite theocracy. The news of the helicopter crash, which Iran's state media referred to as a “hard landing" on Sunday, has drawn renewed attention to Raisi, who was under sanctions from the US and other countries for his alleged role in the mass execution of prisoners in 1988.

Bell 212 helicopter carrying Iran's president and foreign minister crashed on Sunday, according to Iranian state media, as it flew through mountains in heavy fog. The civilian version of the ubiquitous Vietnam War-era UH-1N «Twin Huey,» they are in wide use globally by both governments and private operators:

China expressed being «deeply concerned» on Monday after his helicopter went missing.

A helicopter carrying Iranian President Ebrahim Raisi, the country’s foreign minister and other officials apparently crashed in the mountainous northwest reaches of Iran on Sunday, sparking a massive rescue operation in a fog-shrouded forest as the public was urged to pray.

Israel, and the wider region, as well as for global markets. Iran's Press TV tweets, «President Raeisi, along with Foreign Minister Hossein Amir-Abdollahian, East Azarbaijan Gov. Malek Rahmati, East Azarbaijan Imam of Friday Prayer Mohammad Ali Ale-Hashem, & several other passengers, has been martyred in a helicopter crash in northwest of Iran.»

Mohammad Mokhber, 68, has been appointed as Iran's interim president following the death of Ebrahim Raisi in a helicopter crash. Mokhber, Iran's first vice president, now leads a three-person council responsible for organizing a new presidential election within 50 days.

Iranian President Ebrahim Raisi, 63, was declared dead following a helicopter crash over the weekend, a senior Iranian official confirmed early Monday. Along with Raisi, his foreign minister Hossein Amirabdollahian was also killed.

In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates

Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time

Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the Israel-Hamas war

India will soon start negotiations for concluding a free trade agreement (FTA) with Russia-led Eurasian Economic Union (EAEU) that will give the country a smooth access to markets of five resource-rich post-Soviet states. Indian exporters from sectors such as engineering goods, electronics and agriculture will get a boost from the agreement, experts on the EAEU said. The EAEU comprises Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.

Jules and Jim, Wings of Desire, Metropolis, Notorious—bought between the ages of 21 and 26 at hole-in-the-wall shops in Mumbai and Chennai but most often in the dank underground of Delhi’s Palika Bazaar. There was an unvarying routine: you would ask for foreign films, be offered porn, explain that you meant the other kind of foreign film, bargain half-heartedly, and stumble into the sunlight clutching Renoirs and Kitanos that may or may not play when you got home. It had all the unreliability and exhilaration of a drug deal.

ports in the United Arab Emirates this week, including the Port of Fujairah in the Indian Ocean Region, and held discussions with the customs authorities on kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC), said people with knowledge of the matter. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part, they said. The development comes close on the heels of India signing a 10-year-pact to manage Iran's Chabahar Port, which is expected to bolster India's trade ties with Central Asia and Eurasia, signalling ongoing efforts to secure India's strategic interests amid general election, said experts.

Israel's leaders over post-war Gaza's governance, with an unexpected Hamas fightback in parts of the Palestinian territory piling pressure on Prime Minister Benjamin Netanyahu. The Israeli army has been battling Hamas militants across Gaza for more than seven months while also exchanging near-daily fire with Iran-backed Hezbollah forces along the northern border with Lebanon. But after Hamas fighters regrouped in northern Gaza, where Israel previously said the group had been neutralised, broad splits emerged in the Israeli war cabinet in recent days.

Russia and India on visa-free tourism will begin in June, according to a senior Russian official. «India is at the final stage of internal state coordination,» Nikita Kondratyev, director of the Russian Economic Development Ministry's Department of Multilateral Economic Cooperation and Special Projects, said on the sidelines of the International Economic Forum «Russia — Islamic World: KazanForum 2024» in Kazan. Both sides will sign a pact for visa-free tourism this year, he said, adding that the first discussion on a draft agreement is scheduled to take place in June and a signing is expected by the end of the year.

remittances peaked till the election year and then slowed down. India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances. What are inward remittances? They are money sent by an Indian who is residing overseas to their families back home for their daily maintenance. In India, in terms of data, it is reflected in “ private transfers” in the balance of payments and is a major source of foreign currency resources for any economy.