Tuesday, August 16, 2022

Iran Economy

Five arrested in Iran for destabilizing foreign exchange market

Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.

Billions of dollars in frozen Iranian assets unlocked

Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.

Iran urges ECO to remove trade barriers among members

Iranian President Ebrahim Raisi has called on the Economic Cooperation Organization (ECO) to remove the obstacles to trade exchanges among its member states.

Iran police bust illegal crypto trade network

Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.

Iran: Illicit trade in small arms fuels terrorism

Illicit trade in small arms and light weapons not only exacerbates violence, but also fuels crime and terrorism across the globe, Iran’s permanent ambassador to the United Nations (UN) warns.

Iranian president says exports must increase

Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.

“Azerbaijan Republic frees detained Iranian truck drivers”

The Republic of Azerbaijan has reportedly released two Iranian truck drivers it detained in September, suggesting the bordering countries are trying to reduce tensions and avoid a possible conflict over critical transit routes and the Zionist regime’s presence in the region.

Iran workers call for a ban on foreign-made home appliances

Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.

Raisi calls for leap in Iran’s non-oil exports

Iranian President Seyyed Ebrahim Raisi has called for a leap in the country’s non-oil exports.

Iran Records a Trade Surplus of $1.2bn Last Month, China largest client

Iran’s customs administration says the country recorded a trade surplus of $1.2bn in the previous Persian calendar month.

Iran MP Urges Govt. to Prevent Return of Samsung, LG

A member of the Iranian parliament’s presiding board has called on the government to prevent products of South Korean companies, which “betrayed us”, to easily return to the market.

Parl. Committee Lodges Complaints against Ex-Pres. Rouhani

The deputy chair of the Iranian parliament’s Article 90 Committee says they have lodged three complaints with the judiciary, against former President Hassan Rouhani.

Iranian Oil Workers Go on Strike in Protest at Low Wages

Thousands of Iranians working in the country’s energy industry have gone on strike over the past week in protest at low wages.

Trump Virus, COVID-19 Responsible for Iran’s Economic Situation: Rouhani

Iranian President Hassan Rouhani says the US sanctions and its economic war on Iran coupled with the coronavirus pandemic have spelt numerous difficulties for the people of Iran over the past three and a half years, stressing that things would have been markedly different without them.

Raisi Admin. Can Move to Tackle Economic Stagnation: Experts

The Khabar Online news website has, in interviews with different experts, elaborated on possible measures that the next Iranian administration can adopt to address the current stagnation on various markets.

Iranian Presidential Candidates Lay Out Plans to Shore up Economy

Iranian presidential contenders have set out their election pledges as they hit the campaign trail ahead of the June 18 vote.

Iran Handled COVID-19 Pandemic Despite US Sanctions: President Rouhani

The Iranian president says the country managed to tackle the coronavirus pandemic and boost its economy despite sanctions and economic pressure by the US.

Leap in Production Not Possible without Promotion of Exports: Zarif

Iranian Foreign Minister Mohammad Javad Zarif and a number of top exporters of goods and technical-engineering services have discussed foreign trade and export of such services in a meeting in Tehran.

Iran’s Economy Thriving despite Sanctions: Vice-President

Iran’s first vice president says the country’s economy is up and running, and the production and procurement of commodities are well underway thanks to efforts by importers and exporters.

‘Iran Emerged Victorious in US Economic War with Bare Hands’

A senior Iranian official says documents pertaining to the United States’ economic war against Iran should be collected for the generation to come so as to prove how Iran won with bare hands.

$158m in Foreign Investment Went into Iran’s Free Zones in 9 Months

Iranian free trade zones absorbed some $158 million in foreign investment in the nine months to December 2020 depsite the US sanctions.

Iran, Iraq Sign MoU on Boosting Bilateral Economic Cooperation

Iran and Iraq have signed a memorandum of understanding (MOU) on expansion of mutual economic cooperation.

Iran Wants to Use its Assets with Turkish Banks to Buy Goods

Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.

US Economic War Deprives Iran of $50 Billion in Assets: Spokesman

Spokesperson for the Iranian government has highlighted the country's success in handling the situation and protecting the economy from collapse under the pressure of sanctions although the economic war waged by the US has prevented Tehran’s access to $50 billion in assets.

Iran’s Economic Growth Rate Becomes Positive Despite US Sanctions

Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues.

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