Monday , 18 October 2021

Economy

Poverty runs rampant in Iran due to state mismanagement and corruption

Iran-HRM – The people of Iran have become much poorer in the past years. The middle class has all but diminished and more than 80 percent of the Iranian people live under the poverty line. The thought and sight of people sleeping in empty graves and ditches, on roofs, or in abandoned refrigerators batter the conscience of every human being. …

Read More »

Iran Sentences Ex-Central Bank Chief to 10 Years in Prison

VOA – A court sentenced the former governor of Iran’s central bank to 10 years in prison for violating the country’s currency system, a judiciary spokesperson said Saturday. Besides violating the currency system, Valliollah Seif also had a role in smuggling foreign currency, judiciary spokesman Zabihollah Khodaeian told state TV. Ahmad Araghchi, a then-deputy to Seif, was sentenced to eight …

Read More »

Smugglers Pushing Up Rates After Afghanistan’s Fall to the Taliban

Iranwire – The Iran-Afghanistan border has been closed since Taliban overran Kabul in September. Since then thousands of activists, members of the media, ex-officials and ordinary citizens have fled the country by any means possible. Those without visas – and who didn’t secure a coveted seat on the international evacuation flights last month – have now largely resorted to the …

Read More »

One Million Chinese-Built Housing Units in Iran? Don’t Bet on It

Iranwire – Are the Chinese coming to Iran to build housing? This was the question raised on Tuesday, October 12 after in a series of interviews conducted by Iranian media with members of the Parliamentary Development Committee. Iqbal Shakeri, a member of the Iranian parliament’s Civic Commission, announced that talks on a proposed mass housing project had opened between Iran’s Ministry of …

Read More »

Officials Warn of Looming Winter Gas Shortages

Iranwire- Tehran province could face a serious gas shortage over the winter months, the deputy governor for civil affairs has warned. In an announcement on Monday, Abdolreza Cheraghali said the province could be down by as much of 150 million cubic meters of natural gas, but “the necessary planning has been done for autumn and winter” to deal with any issues that …

Read More »

More Than 900,000 Iranian Women Out of Work Post-Pandemic

Iranwire – A recent report by the Statistical Center of Iran has put the unemployment rate across Iran at 9.6 percent this summer: an 0.1 percent increase on the same period last year. Also this season, though, the overall labor force participation rate – generally a better indicator of the country’s economic health – stood at just 41.1 percent: a decline of …

Read More »

Iran’s foreign minister says economy won’t be tied to nuclear talks

Al-Monitor – Iranian Foreign Minister Hossein Amir-Abdollahian has been making headlines recently with comments on when the nuclear talks with world powers in Vienna will resume. Rather than giving exact dates, he appears to be enjoying the spotlight and attention afforded his position given the international focus on the paused negotiations. During a television interview Oct. 3, Amir-Abdollahian said Iran “is …

Read More »

Beset by Inflation, Iranians Struggle with High Food Prices

VOA – Mehdi Dolatyari watched with dread in recent months as once-affordable goods at his central Tehran supermarket soared out of reach for his customers. Iranians who previously bought sacks of staple foods at the store now struggle to scrape together enough for meals, as the country’s currency sinks to new lows against the dollar. “Rice is awfully expensive,” Dolatyari …

Read More »

Pressure on Renters as the Cost of City Living Soars

Iranwire – Residential property prices continue to rise in Tehran and other Iranian cities, with renters hit particularly hard. According to a recent report by the Central Bank, average rents in the capital have risen by an eye-watering 42.8 percent since September 2020, and by 45.7 percent across the country. The average cost of buying of a residential property in Tehran meanwhile increased …

Read More »
0