Thursday , 28 March 2024

Economy

Will Iran, Russia step up energy cooperation to blunt US sanctions?

Al-Monitor – In recent weeks, Tehran has been trying to prevent the damaging impact of the reimposition of US secondary sanctions targeting the Iranian petroleum industry. Protecting the strategic value of its petroleum sector — both in terms of hard-currency earnings as well as technological impetus for industry — will, however, depend on Tehran’s ability to attract foreign investment and …

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Tehran court lifts curtain on widespread corruption at bankrupted lender

Al-Monitor – Proceedings against the key suspects involved in one of the biggest ever fraud cases in Iran’s history have disclosed fresh details to the public. “Footprints of some celebrities and officials in Samen al-Hojaj case” read the Reformist Shargh daily’s July 18 front page. Samen al-Hojaj is one among several Iranian credit and financial institutions (CFIs) that have closed down due …

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Iranians 30 Percent Poorer in Four Decades of Clerical Rule

Radiofarda – New statistics released by the World Bank reveal that Iran has had a painful economic decline during the past four decades of the Islamic Republic’s clerical rule. It appears that those who take pride in Iran’s widespread military presence in the region, deliberately or unknowingly ignore the collapse of the country’s national economy. New statistics released by the …

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Paris request for US waivers on Iran trade rejected: French Finance Minister

PayvandNews – France says the US has rejected its request to exempt French companies from sanctions that Washington plans to impose against Iran. French Finance Minister Bruno Le Maire was quoted by media as saying that the US Treasury Department had officially informed Paris that no exemptions would be given to French enterprises for dealing with Iran once the sanctions …

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US Official Links Economic Protests In Iran To Sanctions

Radiofarda – A top U.S. official focused on sanctions against Iran on Thursday linked American financial pressure on Tehran with ongoing economic protests roiling the country, saying she hoped the strain would limit the Islamic Republic’s “malign activities” across the Mideast. Sigal P. Mandelker, the undersecretary for terrorism and financial intelligence at the U.S. Treasury, declined to comment when ask …

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