Thursday , 2 February 2023

Economy

Global Corruption Report: Iran Seen as Among Most Corrupt Countries

VOA – Iran ranked 147th out of 180 countries in a global corruption perception index, a watchdog group said in a report released Tuesday. The Transparency International report also gave Iran a Corruption Perceptions Index (CPI) score of 25. A country’s score is the perceived level of public sector corruption on a scale of 0-100, where 0 means highly corrupt and 100 …

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Iran, Russia connect interbank banking systems amid Western sanctions

Al-Arabia – Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.Since the 2018 reimposition of US sanctions on Iran after Washington ditched Tehran’s 2015 nuclear deal with world powers,the Islamic Republic has been disconnected …

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Iran Boosts Cheap Oil Sale to China Despite Sanctions

VOA – Facing crippling economic sanctions, inflation and widespread social unrest, the Iranian government has boosted oil sales to China at a highly discounted price. Iran does not publish statistics about its oil sales, but analysts say Tehran has increased oil exports to more than 1.2 million barrels per day over the past three months. Iranian oil reaches the Chinese …

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US To “Intensify” Pressure On China To Stop Iranian Oil Imports

Iranwire – The US administration’s special envoy for Iran says the United States will increase pressure on China to stop buying Iranian oil, as Washington seeks to enforce sanctions aimed at curbing the Islamic Republic’s nuclear program. Robert Malley told Bloomberg Television on January 23 that China is “the main destination of illicit exports by Iran” and talks to dissuade …

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Iranian Currency Falls To Record Low Amid Isolation, Sanctions

RFL/RE – Iran’s currency fell to a record low against the U.S. dollar amid the country’s increasing isolation and possible new European Union sanctions against the Islamic Revolutionary Guards Corps. The dollar was selling for as much as 447,000 rials on Iran’s unofficial market on January 21 compared with 430,500 the previous day, according to the foreign exchange site Bonbast.com. …

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Q&A: Iran Likely Grew Oil Exports by 35% in 2022, Data Company Says

VOA – London-based commodity markets data company Kpler tells VOA it believes Iran recorded a big increase in energy exports last year, even as the United States continued its policy of demanding a global ban on Iranian oil sales. In a phone interview from Paris on Wednesday, Kpler senior oil analyst Homayoun Falakshahi said the company estimates that Iran’s average …

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Suicide rates on rise in Iran as economic conditions grow more dire

Al-Monitor – Mounting economic pressure on Iranians has been accompanied by an increase in suicides, especially among the workforce. According to the the Iranian daily Etemad, at least 23 workers have committed suicide in the nine months since the start of the Iranian new year on March 21, 2022.   All the deceased were contractual or daily male workers, says the report, noting that …

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Iranian Government’s Draft Budget Sees Sharp Rise In Military, Security Spending

RFL/RE – The Iranian government has presented a draft budget plan for the next Persian year with a significant increase in the budget of military, security, and propaganda institutions. According to the bill, published on January 11, the budget of the Islamic Revolutionary Guards Corps (IRGC) will increase by 28 percent, while the budget for state radio and television will rise by …

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Are China’s growing ties with Gulf states coming at Iran’s expense?

Al-Monitor – Having signed a 25-year comprehensive strategic partnership agreement with Iran almost two years ago, China is due to discuss additional economic cooperation. But for the most part, the arrangements remain vague as geopolitical tensions rise.   Arriving in Saudi Arabia last month, Chinese President Xi Jinping attended a series of meetings with the leadership of the Gulf states and pledged to create a …

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US sanctions Iran drone suppliers for arming Russia in Ukraine

Al-Monitor — The United States issued new sanctions Friday over the supply of drones used in Russian attacks on civilian infrastructure across Ukraine. The Treasury Department announced designations on six executives and board members at Qods Aviation Industries (QAI), a previously sanctioned Iranian defense manufacturer also known as Light Airplanes Design and Manufacturing Industries. QAI has reportedly worked with Iran’s Defense Ministry and Islamic Revolutionary …

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