Friday , 3 April 2020

Economy

Key Trump ally blasts administration for extending Iran nuclear waivers

Al-Monitor – Iran hawks in Congress are unhappy with the Donald Trump administration’s announcement that it will extend four waivers enabling other countries to cooperate with Tehran on certain civil nuclear activities. The waivers are among the last remnants of former President Barack Obama’s nuclear deal with Iran, which President Trump withdrew from in 2018. And while Trump’s maximum pressure …

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Iran battles coronavirus amid dramatic slump in oil income

Al-Monitor – Iran’s vice president for economic affairs lamented the free fall of the country’s oil revenue. Mohammad Nahavandian told Iranian state TV that oil inventory has dropped to one-eighth of where it stood in 2011. The comments came after the global oil market was rattled by the coronavirus pandemic, which has slashed international demand for crude. The damage to Iran, the world’s fifth largest oil producer, has …

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How Khamenei’s Office Makes Billion Dollar Profits From Iran’s State TV

Radiofarda – A video leaked from a meeting of the COVID-19 Control Task Force highlighted the power and influence of the economic conglomerate that operates under the aegis of the office of Iran’s Supreme Leader Ali Khamenei. In the video President Hassan Rouhani tells state TV Chief Ali Asgari to air free of charge advertising for online retailers to encourage Iranians …

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Coronavirus Pandemic Costs Iran’s Tourism And Airline Industries $400 Million

Radiofarda – A senior official of Iran’s Ministry of Cultural Heritage has said that the cotronavirus epidemic will cost $200 million to the country’s tourism industry in three months. Mr. Vali Taymuri, the ministry’s deputy in charge of tourism, told the official IRNA news website on March 28 the government has tried to help hotels by cancelling their insurance and …

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Iran’s President Says Economy Is a Factor in Virus Response

VOA – Iran’s president on Sunday lashed out at criticism of its lagging response to the worst coronavirus outbreak in the Middle East as a “political war,” saying he had to weigh protecting the economy while tackling the pandemic. Hassan Rouhani said the government had to consider the effect of mass quarantine efforts on Iran’s beleaguered economy, which is under …

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China Has Reduced Oil Imports From Iran, Zero Revenues For Tehran

Radiofarda – Data received by Radio Farda show that since January Iran’s crude oil exports to China have dropped further to less than 220,000 barrels per day. Earlier, Washington had repeatedly insisted that one of its main goals in imposing economic sanctions on the Islamic Republic was pushing Iranian oil exports to zero. The United States and China signed an …

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Will Iran’s economy collapse under coronavirus crisis?

Al-Monitor – There is no doubt that the current coronavirus crisis will undermine the Iranian economy and lead to a major contraction in the country’s gross domestic product. Some early estimates project a contraction of up to 3%, though it is too early to offer a reliable assessment. The Iranian government has already announced a number of measures to support vulnerable social …

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IOPHR’s Open Letter to IMF – To stop funding the Iranian Regime and provide aid through International NGO’s

Shabtabnews – On 16th March 2020, IOPHR sent an open letter to Mrs Kristalina Georgieva, the Managing Director of the International Monetary Fund, requesting the IMF not to provide direct funds to the Iranian regime for combating Coronavirus , but instead pay the funds directly to international NGO’s. In there letter IOPHR points out that given the widespread corruption and level …

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Iran’s leading carmaker IKCO halts production due to coronavirus

PayvandNews – Iran’s leading car manufacturer the Iran Khodro Company (IKCO) has decided to halt production at all its plants after reports emerged its workers had contracted coronavirus. A letter addressed to IKCO workers and managers by the company’s human resources deputy on Wednesday said that production lines would start lowering output in the second shift of the day with …

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For First Time In 6 Decades Iran Asks For IMF Loan To Battle Coronavirus

Radiofarda – For the first time since 1962 Iran has asked the International Monetary Fund (IMF) for emergency funding to help it fight the coronavirus (COVID-19) outbreak, which has infected more than 10,000 people and claimed hundreds of lives so far. In a tweet on Thursday Foreign Minister Mohammad Javad Zarif said Iran’s Central Bank has requested immediate access to funding …

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