Economy

PayvandNews – Tehran’s stock market experienced another bad day on Monday as it declined 1.2 percent, after weeks of steep falls. Compared to same day last month, the market has declined 13 percent and compared with to beginning of September 18 percent.

Radiofarda – The chairman of Iran-Iraq chamber of commerce has said the central banks of the two countries are engaged in negotiations to set up credit arrangements for trade in their national currencies.

Radiofarda – Two members of the Iranian parliament (Majles) say a closed door session of the Majles has decided on Sunday December 16 to deposit only 10 percent of the country’s oil revenue into the National Development Fund rather than the 34 percent required by law.

Al-Arabia – Hossein Raqfar, an economy expert in Iran, has acknowledged the drastic financial situation facing the regime. Calculations are showing difficult periods ahead even despite what seems, at surface at least, a rebounding currency following the Iranian currency – the rial – plunging to 190,000 against the US dollar.

Iran-HRM – The number of people living in absolute poverty in Iran has been on the rise due to 40 years of government mismanagement and corruption which has left around 80% of Iran’s population in poverty.

PayvandNews – Europeans have constituted the highest number of arrivals in Iran’s Shahdad desert since the beginning of the current Iranian calendar year (March 21), ISNA reported. Shahdad – a major part of the Lut desert in southeastern Kerman province – is home to massive sand pyramids created by wind and water. The “Lut” plain is a natural landscape of …

PayvandNews – Which countries did Iranians travel to the most during the first seven months of the current Iranian calendar year started on March 21?  Are they mostly the neighbors to the north, west, east and south? Western and European ones? The answer is an amalgam of all of the above, but Iraq holds a greater share than any other …

Radiofarda – Iranian news agencies report that the value of the national currency rial has further increased against major currencies, and is now trading below the 100,000 rial to the dollar threshold.

Radiofarda – Tehran’s interim Friday Prayer Leader has once again called for keeping Iran out of international anti-corruption, anti-money-laundering rules and regulations.

Radiofarda – The intervention of Islamic Republic’s Supreme leader has interrupted the process of presenting Iran’s new budget bill for approval. Khamenei wants to review the budget himself before parliament takes it up.