RSS News

Has Iran Won The War For The Middle East?

7 hours 9 minutes ago
The most important historic milestone was not the heavy damage to the Saudi oil installations during the attacks on them on September 14, 2019. Rather, it was a quiet Ashura ceremony held in the Imam Khomenei Hussainia in Tehran on September 11, 2019. Ayatollah Sayyed Ali Khamene‘i led the mourning ceremony for the Martyrs of the Tragedy of Karbala on the Day of Ashura1. To Khamene‘i’s left, sitting on cushions on the ground, were, in order of proximity to Khamene‘i, Hojjat al-Islam Sayyed Muqtada al-Sadr, the Shi’ite-Iraqi…
Yossef Bodansky

‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust

11 hours 9 minutes ago
A Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour, the company revealed in a Friday press release. The bank blamed the losses on a 'rogue trader' who allegedly manipulated the subsidiary's risk-management system, allowing him to place massive derivatives bets on the price of oil and disguise them as hedges similar to what JPMorgan did with the whole London Whale debacle. Though the bank didn't release the trader's name, according to the press…

Non-oil exports from Isfahan Province up 180% in 4 months on year

15 hours 35 minutes ago
TEHRAN- The value of non-oil exports from Isfahan Province has risen 180 percent during the first four months of the current Iranian calendar year (March 21-July 22) from the same period of time in the past year, Iranian Industry, Mining and Trade Minister Reza Rahmani told reporters on Saturday.

IRENEX to hold 9th round of heavy crude oil offering on Tuesday

15 hours 41 minutes ago
TEHRAN - National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, ISNA reported. The base price for this round of offering, which is the ninth round, is $54.33 per barrel.

Serviceman of Azerbaijani army dies

16 hours 13 minutes ago
On Sept. 20 night, a serviceman of the Azerbaijani army, soldier Elyarbey Mammadov died in unclear circumstances in one of the military units

Rovnag Abdullayev: Azerbaijan making multibillion investments in foreign countries, thereby creating additional sources of income (Exclusive)

16 hours 25 minutes ago
The Contract of the Century, which is a masterpiece created as a result of tremendous efforts by national leader Heydar Aliyev, as well as the revenues this agreement brought to Azerbaijan, had a huge impact on the current welfare of the Azerbaijani people and gave a powerful impetus to the revival of both oil and non-oil sectors of the economy

Azerbaijan’s defense minister visits military units under construction on frontline

18 hours 54 minutes ago
In line with the fulfillment of instructions of Azerbaijan’s Supreme Commander-in-Chief of the Armed Forces, the country’s defense minister, Colonel General Zakir Hasanov and the leadership of the ministry visited several military facilities being under construction in the frontline zone, Trend reports referring to the Azerbaijani Defense Ministry.

Iranian currency rates for Sept. 21

19 hours 33 minutes ago
The rates of 23 foreign currencies have increased in Iran, while the rates of 13 other currencies have decreased, according to the official state exchange rate of Iran, Trend reports referring to the website of the Central Bank of Iran (CBI).

Azerbaijani oil prices for Sept. 16-20

19 hours 54 minutes ago
Average price of AZERI LT CIF extracted at Azerbaijan's Azeri-Chirag-Gunashli block of fields was $68.5 per barrel on September 16-20, or $3.36 more than the previous week, Trend reports.