Bahrain sentenced to prison three suspects in the Future Bank case, and fined them more than 9 million dollars. The case came to light after the general prosecution revealed in February that some seven billion dollars have disappeared from Future Bank’s records and were used to finance Iranian groups
Earlier, Washington had repeatedly insisted that one of its main goals in imposing economic sanctions on the Islamic Republic was pushing Iranian oil exports to zero.
Saudi Arabia may have gotten more than it bargained for when authorities in Khujand, Tajikistan’s second-largest city, ordered that the city’s largest and most popular mosque be converted into a cinema. The order followed the closure of some 2,000 mosques in the country in the last three years, and the arrest last month of scores of Muslim clerics and teachers, many of whom were accused of being members of the Muslim Brotherhood, a group that is banned in both Tajikistan and the Saudi kingdom
In the current straitened sanctions period, Iran’s focus in its oil sector is broadly to increase the capacity of its fields in West Karoun and from the huge fields that it shares with Iraq. This strategy allows it firstly to generate income even in the low price oil environment – its US$1-2 per barrel lifting cost is the same as Saudi Arabia’s
As the crown jewel of Iran’s energy industry, the giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has nearly reached its full potential and Iran’s gas production from the field is said to have surpassed that of the rival Qatar.
The Armenian government proposes to extend the “restrictions” on the import of cement from Iran and several other countries due to an unprecedented collapse in prices on the cement and clinker market
The European Union will send 20 million euros in humanitarian aid to Iran, which is subject to U.S. sanctions, to help alleviate the coronavirus, and will also support Tehran’s request for IMF financial help, the EU’s top diplomat said
Iran’s Ministry of Energy has announced plans to launch a raft of new electricity and water projects despite the coronavirus outbreak
Whereas, Iran’s latest budget has a deficit of some 100-150 trillion tomans, shutting down of many businesses due to the coronavirus outbreak, imposing an expensive health expenditure to the government
Iran’s currency rial continued to lose value against major currencies on Tuesday, reaching as low as 160,000 to the U.S. dollar at one point amid a quickly worsening coronavirus (COVID-19) epidemic and falling oil prices
The head of Iran’s central bank, Abdul Nasser Hemmati, reported a nine-month economic growth in 2019, claiming that non-oil economic growth reached 3.3 percent this year and economic growth with oil reached 1.2 percent