Economy

Radiofarda – Iran and Venezuela could lose around 30 percent of their oil production next year due to sanctions re-imposed by the United States, according to the International Energy Agency (IEA).

Radioamaneh – Fifty protesting workers of Ahwaz Steel National Industrial Group participating in protests on Monday June 11 were arrested by the authorities. Reportedly another group of workers who had gathered on Tuesday to protest the arrest of their colleagues were also arrested. According to Human Rights Activists News Agency (HRANA) their reporters were at the protest location on Monday …

Radiofarda – A week after it was announced that French carmaker Peugeot-Citroen had left the Iranian market, Japan’s Mazda and South Korean Hyundai have also suspended contracts with Iran, according to a member of the parliamentary Industries and Mines Commission.

Radiofarda – The prices of gold and cars and the exchange rate for the U.S. dollar reached record highs on the Iranian market on June 11, while some social media users have complained about a new rise in the cost of housing in Tehran. Each dollar was traded for 69,000 rials on Tehran’s foreign exchange market on June 11, while …

Iran-HRM – Seven million: That’s how many children are involved in the worst forms of child labor in Iran, including prostitution, handling of hazardous materials, and heavy labor. On the World Day Against Child Labor, Iran HRM reports on the situation of child laborers in Iran.

Radiofarda – China will host a meeting of the Shanghai Cooperation Organization this weekend that is expected to focus on expanding economic ties with Iran and Central Asia.

Al-Monitor – The Iranian authorities have been grappling with how to limit the use of foreign social media apps in the country. On April 30, the Iranian judiciary ordered the filtering of Telegram against the will of the administration. 

Al-Monitor – In Iran, the insurance industry is one of the most important sectors of the economy that will be impacted by the US withdrawal from the nuclear deal — indeed, the trade already has been affected. However, it appears that Iran, which experienced a bitter sting as a result of the previous sanctions, is much better prepared for external restrictions this time around.

Radiofarda – The inauguration of a new terminal at Tehran’s Imam Khomeini Airport (IKIA) that was initially planned to become operational years ago, has been delayed again.

Radiofarda – Banks at Tehran’s Imam Khomeini Airport are struggling to provide the foreign currencies paid for by passengers, who are forming long lines.