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Iran halts gasoil exports amid surge in demand in electricity sector Iran stops exports of gasoil as demand in power plants reached record levels.
A National Iranian Oil Company (NIOC) official says gasoil exports from the country have stopped amid a surge in demand for the fuel in power plants where natural gas supplies have dwindled during the current cold season.
NIOCs... |
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India to launch new shipping line to Irans Chabahar next month India is developing two berths at the Shahid Beheshti port of Chabahar.
A new direct shipping route between Irans southeastern port of Chabahar and Indian ports of Nhava Sheva and Kandla will open next month with the arrival of a container service at Shahid Beheshti port, an Iranian official says.
India... |
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Iran mobile phone imports at $2.9bn in March-December: IRICA Irans customs figures show mobile phone imports topped $2.9 billion in three quarters to December.
Figures by the Iranian customs office (IRICA) show the country imported nearly $3 billion worth of mobile phones in the nine months to December 21 as shipments accounted for 8% of the value of total... |
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ADB Approves $405M in Grants for Afghanistan The Asian Development Bank (ADB) said on January 25 that it has approved $405 million in grants to support food security and help sustain the delivery of essential health and education services for the Afghan people.
Under its Sustaining Essential Services Delivery Project (Support for Afghan People),... |
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Iran faces blackout risk Vari village in Sari, Mazandaran province. Gas demand is surging in Iran as people turn up heaters to cope with cold winter temperatures.
The blast of cold that has swept across Iran since last week has pushed domestic gas consumption to a peak of 700 million cubic meters per day and broken the record... |
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Iran agrifood exports at nearly $3.9bn in March-December Irans exports of agrifood amounted to nearly $3.9 billion in the nine months to December 21.
Iran exported nearly US$3.9 billion worth of agrifood products in the nine months to December 21, according to figures provided by a senior official at the countrys agriculture ministry (MAJ), as the government... |
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Afghan Exports Stalled By Lack of Air Transit: ACCI Officials from the Afghanistan Chamber of Commerce and Investment (ACCI) said that currently flights via air corridors have been suspended and there are only cargo flights via air corridor to China.
According to ACCI officials, the suspension of flights via air corridors has created challenges in... |
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Iran issues permit for transit of diesel to Afghanistan Iranian government officials have announced that Tehran has issued a three-month permit for the transfer of diesel to Afghanistan, Hassan Kazemi Qomi, Special Representative of the President of Iran for Afghanistan, tweeted on Saturday.
He said the move was made following a request from Islamic Emirate... |
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US stocks fall again, sending Nasdaq nearer to dreaded bear market Wall Street stocks tumbled again Friday following a plunge in Netflix shares that sent the Nasdaq further into correction territory. (Photo by Getty Images) )
Wall Street stocks tumbled again Friday following a plunge in Netflix shares that sent the Nasdaq further into correction territory, spurring... |
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Iran resumes exporting gas to Turkey after short suspension The file photo shows pipeline carrying Iranian gas to Turkey.
Iran has resumed exporting gas to Turkey which has been suspended due to a technical fault.
"Gas exports to Turkey, which had been suspended yesterday following a gas leak at a station on the Turkish side, have resumed," the Iranian Oil... |
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China reports first official oil imports from Iran in a year despite US bans Tugboats dock the oil tanker "Daniel" carrying crude oil imported from Iran at the Port of Zhoushan in Zhoushan city, east Chinas Zhejiang province, 8 March 2018. (Photo by AP)
Latest data from the General Administration of Chinese Customs show the countrys first official oil imports from Iran in... |
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White House warns chip industry to be ready for potential Russia export curbs President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington, US, February 24, 2021. (Reuters photo)
The White House has reportedly warned the American chip industry... |
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EU Launches Projects in Afghanistan Worth 268M The European Union has launched multiple projects in Afghanistan amid a dire economic situation in the country to prevent deterioration of the situation and also to help Afghan people cope with current problems, the organization said on Tuesday.
The European Commission on Tuesday said the newly launched... |
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ILO estimates underscore Afghanistan employment crisis Job losses in Afghanistan following the change in administration in August 2021 totaled more than half a million in the third quarter and may reach 900,000 by mid-2022, according to new estimates released by the International Labour Organization (ILO).
According to the ILO, the estimated 14% loss... |
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UN to Ask $8 Billion From Donors for Afghan Crisis: Lyons The UN top envoy in Afghanistan said that the organization is working on a proposal to urge donors to provide eight billion dollars in aid for Afghanistan.
Talking at a gathering at the Arg (the presidential palace) on Wednesday in Kabul, Deborah Lyons, the UN Secretary Generals Special Representative... |
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EU launches humanitarian projects in Afghanistan worth over $300 million In a bid to address the major humanitarian crisis Afghanistan is facing, the European Union has launched projects worth €268.3 million ($304 million) that focusses on maintaining education, sustaining livelihoods, and protecting public health.
According to a statement issued by the UN, the funding... |
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Tesla investors demand billions from Elon Musk © Getty Images / Bill Pugliano
Shareholders angry over SolarCity deal want CEO to pay up $13 billion
Tesla investors on Tuesday asked a judge to order Elon Musk to repay the electric carmaker for the 2016 acquisition of solar panel producer SolarCity. The company has been integrated and reorganized,... |
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UK inflation soars to highest level in almost 30 years Workers walk towards Tower Bridge in London, Britain, September 15, 2021. (Reuters photo)
The UKs annual inflation accelerated in December to its highest level for nearly three decades, official data showed on Wednesday.
The annual rate soared to 5.4 percent last month after 5.1 percent in November,... |
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Germany reveals when it will run out of gas © AFP / JOHN MACDOUGALL
Natural gas storage facilities in Germany are half-empty, economy ministry says
Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years.
"According... |
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Bitcoin may drop as crypto bubble pops analyst © Getty Images / Cemile Bingol
The rise and fall in Bitcoin value is akin to a ‘financial mania, Investco says
Top cryptocurrency Bitcoin could tumble below $30,000 this year as the air comes out of the crypto bubble, according to US investment firm Invescos list of "improbable but possible"... |
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Modi calls world to arms against crypto © Getty Images / Alfieri
Indian leader compares threat of cryptocurrencies to inflation and climate change
Indias Prime Minister Narendra Modi said all nations should unite in tackling the threats posed by cryptocurrencies, speaking virtually at the 2022 World Economic Forums annual conference... |
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Crude oil prices hit record highs after Yemeni retaliatory attacks on UAE A picture shows a partial view of the Msaffah industrial district in the Emiarti capital Abu Dhabi on January 17, 2022. (By AFP)
Oil prices have hit their highest level since 2014 after Yemeni forces conducted a retaliatory attack deep inside the United Arab Emirates, raising supply concerns.
On... |
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Women Protestors in Kabul Urge US to Release Bank Assets Women held a gathering in Kabul city on Monday and voiced support for the UN Secretary Generals call for the release of Afghanistans central bank assets.
The participants also urged the Islamic Emirate to reactivate the Ministry of Womens Affairs, to allow girls access to education, and to include... |
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World Bank revises up Irans 2021 GDP growth rate by 1% to 3.1% The World Bank Group building is seen October 11, 2021 in Washington, DC. (AFP photo)
The World Bank has revised up its estimate of economic growth in Iran for 2021 as figures provided in the Banks latest report show Irans gross domestic product (GDP) rose by 3.1% last year.
Tables provided in... |
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Muttaqi Discusses Major Projects with Turkmen Officials Acting Minister of Foreign Affairs, Amir Khan Muttaqi, held a discussion over major development projects with Turkmen officials in a visit to Ashgabat.
Last Friday, Muttaqi and his accompanying delegation arrived in Ashgabat, having been invited by Turkmenistan.
"We hope that before the resumption... |
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Taliban finalizes plan to collect Zakat and Usher The Ministry of Finance (MoF) of Taliban said on Sunday a plan outlining the collection process of Usher (Islamic tax on certain harvests) and Zakat (Islamic tax on personal income) has been finalized and will be submitted to the council of ministers soon.
Officials said that after the approval of... |
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Russia denies claim it is responsible for gas crisis in Europe A photo illustration shows gas burning on a domestic hob in Liverpool, north-west England on September 2021. (Photo by AFP)
Russia has denied allegation by the International Energy Agency (IEA) that the country should be blamed for the current gas supply crisis in Europe.
Russian Deputy Prime Minister... |
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US Congress targets Chinese rare earths imports US Senator Tom Cotton, a Republican from Arkansas (Getty Images file photo))
A bipartisan bill in the US Congress has aimed to stop the import of strategic Chinese rare earth metals to the country.
The bill was proposed in Congress on Friday by Senators Tom Cotton, an Arkansas Republican, and Mark... |
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Iran, Syria to set up joint bank and free trade zones: Minister An Iranian minister says Tehran and Damascus have reached major economic cooperation agreements.
Iran and Syria have agreed to set up a joint bank and special economic zones amid efforts to boost their economic cooperation, according to Irans transportation minister Rostam Qassemi who travelled to... |
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half Factories Have Stop Functioning as Markets Drop Almost 50% of manufacturing plants have ended tasks because of banking issues and the absence of unrefined components just as the drop in market interest, the Chamber of Industry and Mines said on Wednesday.
"Because of less requests in business sectors, banking issues, and power issues, 40-50 percent... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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