Wednesday, Feb 21st

Last updateWed, 21 Feb 2018 12pm

Six factors driving Iran’s sudden currency devaluation

money
Al-Monitor - A major and unexpected devaluation of the rial on the free currency market has taken many in Iran by surprise. Analysis of the behavior patterns in the Iranian foreign exchange market suggests that six main parameters need to be assessed to understand what has contributed to recent events.

Read more: Six factors driving Iran’s sudden currency devaluation

Indian investments in Iran on top of President Rouhani's visit

india
PayvandNews - Diplomats in New Delhi say Iran's President Hassan Rouhani will try to encourage Indian businesses to invest "billions of dollars" in the Islamic Republic during his three-day visit which will start on Thursday. Top on the agenda of Rouhani's visit would be the completion of Iran's Chabahar port by India as well as discussions over a potential deal for Indian companies to develop an offshore gas field in Iran.

Read more: Indian investments in Iran on top of President Rouhani's visit

Renault's investment in Iran to hit 800 million Euros

France

 

 

 

 

 

 

PayvandNews - French automaker Renault is going to expand activities in Iran, boosting its total investments in the country to 800 million Euros, IRNA reported quoting the company's director for MENA region. Speaking at the 5th edition of Iran's Automotive Industry International Conference in Tehran on Tuesday, Pascal Felten noted that with the new round of cooperation between Iran and Renault beginning, the company will create 10 times more job opportunities in the country.

Read more: Renault's investment in Iran to hit 800 million Euros

Iran’s police step in to contain foreign currency debacle

currency
Al-Monitor -After two months of fluctuations in the foreign exchange market, with the US dollar rate breaking all records in Iran, the police have stepped in to prevent the further devaluation of the rial on the open market.

Read more: Iran’s police step in to contain foreign currency debacle

Non-oil sector, market reintegration key to Iran growth

Iran
PayvandNews - Iran's top banker says the country’s economic growth was robust in the fiscal year which is coming to a close soon but further improvement will depend on the non-oil performance of the economy. ran’s growth last year came courtesy of the recovery in oil production following the lifting of US-led sanctions, which boosted the government’s earnings.

Read more: Non-oil sector, market reintegration key to Iran growth