EghtesadOnline: While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports, its oil product sales remain strong at nearly $500 million a month, shipping data and Reuters calculations show.
EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.
EghtesadOnline: Learning your child’s cancer has come back, adding to the agony, the cocktail of drugs four-year old Mahdi needs to stay alive simply isn’t available. His mom says Mahdi is her only child, conceived after 13 years of trying.
EghtesadOnline: Iran on Monday called on the Caspian Sea littoral states to intensify efforts to boost cooperation, particularly in the fields of economy and environment, and offered to help achieve this goal despite US sanctions.
EghtesadOnline: Iranian parliamentarians have harshly criticized foreign automotive companies over their “lack of commitment” and for terminating their operations in Iran in the face of US sanctions.
EghtesadOnline: The unilateral US sanctions on Iran have not affected relations between Iraq and Iran, as trade ties in key sectors between the two neighbors continue as usual, Iraq's ambassador to Tehran said.
EghtesadOnline: Pressured by the harsh US sanctions, Iranian businesses are turning to innovative smart solutions to cut overheads and boost efficiency.
EghtesadOnline: Bypassing US economic sanctions is the function of a robust private sector and the banking sector will step in to empower private companies, said the CEO of state-owned Bank Melli Iran.
EghtesadOnline: At a time when the country is grappling with new US sanctions and extraordinary economic challenges, reports speak about billions in pending taxes, which if paid can go a long way in plugging the government’s budget deficits.
EghtesadOnline: Iraq and Iran are neighbors: Around $25 million worth of Iranian goods enter Iraq every day. But it is not clear what will happen when a three-month US waiver that allows Baghdad to trade with Tehran expires.