Financial Tribune

  • US Sanctions Against Iran Ridicule Int'l Norms

    Iran Foreign Ministry Spokesman Bahram Qasemi on Wednesday described the US’ fresh sanctions against banks and businesses as "psychological war" against the Iranian people. 
    "This measure stems from the US government's animosity toward the Iranian people and a clear mockery of legal and international norms," the official news agency IRNA quoted him as saying.  
    The US Treasury on Tuesday announced fresh punitive measures on Iran, targeting several banks and companies...

  • Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)

    Iran insurance industry earned 183 trillion rials ($1.28 billion) from premiums during the first six months of the current Iranian fiscal (March-September).
    According to data released by the Central Insurance of Iran, the figure shows a growth of 25.4% compared to the same period last year.

    The Iran Insurance Company as the only state-owned insurer had a 32.3% share in the earnings, well above other insurers and the rest belonged to private insurance companies.

    Iranian insurers also sold over 30.1 million insurance policies, registering an 8.4% increase year-on-year.

  • Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)

    Iran traded 956,662 tons of non-oil commodities worth close to $751.38 million with Russia during the first half of the current Iranian year (March 21-Sept. 22).  
    This marks a 25.7% and 81.21% growth in weight and value respectively compared with the corresponding period of last year, latest data released by the Islamic Republic of Iran Customs Administration show. 
    Iran’s exports to Russia stood at 212,605 tons worth over $118.16 million

  • Iran's Exports Via Land Borders Up 17%, Imports Down 8% (Mar-Sep 2018)

    Some 3.71 million tons of oil and non-oil commodities were exported from Iran via land borders during the first half of the current Iranian year from March 21 to Sept. 22, which shows a 17% increase compared with the similar period of last year.
    According to Director General of Road Maintenance and Transportation Organization of Iran's Information and Communication Technology Bureau Hossein Motevalli Habibi, Bazargan Border Crossing in the northwestern West Azarbaijan Province accounted for 26% of all exports during the six-month period—more than any other Iranian land border.  
    The Road Maintenance and Transportation Organization is affiliated to the Ministry of Roads and Urban Development.

  • Russian Expert: Collaboration With Oil Majors Could  Help Iran Enhance Energy Output

    Iran has proved that it has great potential for investment given its abundant and untapped hydrocarbon resources and collaborating with oil majors can help it raise energy output.
    Azamat Ismagilov, deputy director of Russia’s state-owned oil company Zarubezhneft, was quoted as saying Wednesday on the sidelines of the 4th Iranian Petroleum and Energy Club Congress and Exhibition (IPEC) in Tehran, October 16-18, the congress news portal reported.

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