Economy

PayvandNews – The US government says it has sanctioned a Malaysia-based tourism agent for Iranian private airline Mahan Air which is already under American sanctions. The blockade comes as the US prepares to unleash “the strongest sanctions in history” on Iran after President Donald Trump decided to withdraw Washington from a landmark nuclear deal with the Islamic Republic.

Radiofarda – Iran’s State Sharia Penal Authority (SSPA) says organized crime has taken place in government subsidized vehicle imports.

Al-Arabia – Iran’s Supreme Leader Ayatollah Ali Khamenei ordered the country’s President Hassan Rouhani to present new reports that “clearly explain the government’s recent allocation of foreign currency and gold coins to companies and individuals.

VOA — One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures.

Al-Monitor – Parts of the Tehran Grand Bazaar, a traditionalist bastion in the heart of the Iranian capital, shuttered on June 25 in the wake of the significant currency devaluation and resulting high prices. The strike comes amid demands from mainly conservative political figures that President Hassan Rouhani resign due to his “inefficiency” and “mismanagement” of the economy. Yet, while the calls and …

Radiofarda – Iran’s aviation industry has received another severe blow. Following the footsteps of Boeing and Airbus, ATR also announced last week that it has decided to distance itself from Tehran.

Al-Monitor -Iran’s recent domestic political developments have surprised many observers and analysts. Historically, the country’s political factions have tended to unite in the face of increased external pressure. However, this time, the reaction to intensified US pressure has been an escalation of domestic tensions, including calls for the impeachment of moderate President Hassan Rouhani. One can try to understand the …

The United States has announced plans to re-impose tough sanctions on Iran’s energy and banking sectors, saying Iran needs to change its behavior and act like a “normal country.” VOA’s Diplomatic Correspondent Cindy Saine has more from Washington. https://www.voanews.com/318f8efa-14ec-453d-96e7-0b1c121f86aa

Radiofarda – President Hassan Rouhani has given a 15-day deadline to his trade minister to publish the full list of car importers, who have received cheap foreign currency from the state. According to published official records, Iranian entities and individuals seem to have systematically misused subsidized foreign currency provided by the government for importing essential goods. Read related story by Shargh daily Iran’s Central …

Radiofarda – Mounting pressure from the Trump administration combined with discontent among many Iranians at the state of the economy are rattling the Islamic Republic, with little sign that its leaders have the answers, officials and analysts say.