Economy

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 …

Radiofarda – Iran’s Guardian Council (GC) has rejected two government bills aiming to pave the way for Tehran to join the United Nations Convention against Transnational Organized Crime (UNTOC).

Radiofarda – New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.

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 …

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 …

VOA — The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the region, a senior U.S. official said on Thursday.

Al-Monitor – At its recent plenary meeting, the Financial Action Task Force (FATF), a global group working against money laundering and the financing of terrorism, decided against removing Iran from its blacklist while continuing to waive its countermeasures until October. However, developments following the June 29 meeting indicate a serious likelihood that Tehran will approve legislation pertaining to its efforts to permanently exit the blacklist.

Radiofarda – India’s oil imports from Iran declined by 15.9 percent in June, the first month after the United States said it would reimpose sanctions on the country, according to data from shipping and industry sources.

Radiofarda – The decision of U.S. President Donald Trump in May to scrap the landmark 2015 nuclear deal (JCPOA) has jeopardized Iran’s railway projects with international companies.

Radiofarda – The Tehran City Council chairman has disclosed a mind-blowing 26,000 complaints against the city over the past two years for legal violations, mostly related to illegal construction activity and financial corruption.