Iran Financial News

Google marked the arrival of Nowruz 2024, the Persian New Year, with a vibrant Google Doodle on Tuesday. This special Doodle, created by Iranian artist Pendar Yousefi, captures the essence of Nowruz, which translates to «new day» in Persian.

Jaishankar defends CAA in Brussels as he promotes India-EU ties The US Ambassador to India, Eric Garcetti, speaking at the India Today Conclave on Friday said that the United States can't give up on principles and principles of religious freedom and equality are a cornerstone of democracy. Speaking on this, S Jaishankar said, “I have principles too, and one of my principles is an obligation to people who were let down at the time of partition".

Union Cabinet is expected to meet on Sunday morning, following the announcement of Lok Sabha election dates, reported The Times of India. Although the specific agenda for the meeting remained undisclosed, ToI sources indicated that several significant matters might be discussed like negotiations on a trade deal with Oman and the potential elevation of the Line of Credit to $250 million for Iran's Chabahar port. Last week, a high-level inter-ministerial committee convened a meeting to discuss strategies for improving the Line of Credit (LoC).

oil markets have been largely quiescent. In fact, however, a new phase is beginning—one in which oil demand, not supply, will be the primary influence on energy markets. This shift will bring with it profound geopolitical consequences.

Hamas under attack in Gaza, the head of Iran's Quds Force visited Beirut in February to discuss the risk posed if Israel next aims at Lebanon's Hezbollah, an offensive that could severely hurt Tehran's main regional partner, seven sources said. In Beirut, Quds chief Esmail Qaani met Hezbollah leader Sayyed Hassan Nasrallah, the sources said, for at least the third time since Hamas' deadly Oct. 7 attacks on southern Israel and Israel's devastating retaliatory assault on Gaza. The conversation turned to the possibility of a full Israeli offensive to its north, in Lebanon, the sources said. As well as damaging the Shi'ite Islamist group, such an escalation could pressure Iran to react more forcefully than it has so far since Oct. 7, three of the sources, Iranians within the inner circle of power, said.

Citizenship Amendment Act seeks to grant citizenship to undocumented non-Muslim migrants from Pakistan, Bangladesh and Afghanistan who came to India before December 31, 2014. Sharing Abhinav's viral video on CAA, Rajya Sabha MP and Shiv Sena (UBT) leader Priyanka Chaturvedi in a post on X (formerly Twitter) said, "Do listen to Abhinav Chandrachud on not just CAA but also the constitutional gaps over the years on citizenship." Abhinav has argued that those not falling under the CAA, have to wait for 11 years to become an Indian citizen by naturalisation constitutionally, while those covered under the CAA get to be a citizen in 5 years. "This does not make any sense to me." "The residence requirement in India has been reduced by the Citizenship Amendment Act.

Travejar Tourism LLC says, “ Years ago while going through such a hefty process and waiting for my visa approval, I set out to create a platform where a traveller doesn’t have to go through exhausting steps." He even added, “With such intention, me and my team created this opportunity to provide a visa in 4 hours". With OnlineDubaivisa, we are set to revolutionize the way an individual applies for a Dubai visa. Our user-friendly interface and easy navigation assist in completing visa applications with comfort.

By David Shepardson

United Arab Emirates — China, Iran and Russia have begun a joint naval drill in the Gulf of Oman, a crucial waterway near the mouth of the Persian Gulf, officials said Tuesday. Footage aired by Chinese state television and a video released by the Russian navy showed the ongoing drill, known as «Marine Security Belt 2024.» China sent the guided-missile destroyer Urumqi and the guided-missile frigate Linyi to the exercise. Russia's forces are being led by the Varyag, a Slava-class cruiser.

A top U.S. Treasury official has pressed Lebanese authorities to prevent funds from being funneled to Hamas by way of Lebanon during a visit to Beirut

Iran-backed Yemeni rebels into the Red Sea and Gulf of Aden on Saturday, the US military said. Shortly afterwards, the rebels claimed the attack, saying they had fired missiles at an «American» commercial ship and launched drones at US warships in «the Red Sea and Gulf of Aden». It was one of the Huthis' largest attacks since they began in November a campaign of drone and missile strikes against vessels in the Red Sea area, vital for world trade, in professed solidarity with Palestinians during Israel's war against Iran-backed Hamas militants in the Gaza Strip.

petrostates in the Persian Gulf and the frackers in America, whose innovative drilling techniques gave rise to the shale revolution. In December 2014 The Economist put an image on its cover of both antagonists standing back to back, frowns on their faces and petrol pumps at the ready. It called the new economics of oil “Sheikhs v shale".

J P Singh held talks with Taliban's acting foreign minister Amir Khan Muttaqi. Muttaqi called for facilitating the issuance of visas by India for Afghan businessmen, patients and students. Meanwhile, both sides discussed issues relating to security, trade and ways to counter-narcotics, an Afghan statement said on Thursday. Singh said India is interested in expanding economic cooperations with Afghanistan and enhancing trade through Chabahar port, it added.

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Thursday that Congress' inaction in approving new U.S. aid to Ukraine is «nothing short of a gift» to Russian President Vladimir Putin, Iran and other adversaries as Ukrainian forces run short of ammunition to fight Russia's invasion.

Iranian state media say a fire at an oil refinery in the southern Iranian port city of Bandar Abbas has killed at least one person and injured three

US military said that three people have been killed and at least four wounded after a missile fired by Yemen's Houthi rebels hit a bulk carrier in the Gulf of Aden. The Indian Navy also added that critical medical aid was provided to injured crew.

A suspected attack by Yemen’s Houthi rebels on a ship in the Gulf of Aden caused “fatalities” Wednesday

Chief mate Mahmoud Gwealy awoke to a loud bang that sent the laptop on his chest crashing into his nose. The 29-year-old Egyptian sailor had dozed off for the evening while watching Lebanese soap operas in the upstairs quarters of the Rubymar. The British-owned bulk carrier had been rocking in such high swells that he wondered if it had been slammed by a huge wave.

Reserve Bank of India has asked the country’s major state-owned refiners to press Persian Gulf suppliers to accept at least 10% of oil payments in rupees in the next financial year, three executives at the processors said. The move is aimed at promoting the Indian currency in international trade and cutting dependence on dollars, said the executives, who asked not to be named due to the sensitivity of the matter. The government is worried that India’s booming demand for energy will put downward pressure on the rupee, and also wants to leverage the growth in consumption to its own advantage, they said. The three refiners — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — have already approached oil exporters on the matter, but the suppliers are pushing back due to currency risk and conversion charges, the executives said. The central bank has asked the Indian refiners to bear part of the currency transaction charges, but they are also resisting the idea on the grounds it will erode margins, they said.

Iranian conservatives dominated the majority of seats in elections for a clerical body and the national legislature on Sunday, as reported by AFP citing local media. The turnout was estimated to be at a record low. Here are the top ten updates.

By Maha El Dahan and Alex Lawler