Friday , 29 March 2024

Economy

Iran prepares to boost jobs, clean air by revamping auto fleet

Al-Monitor – Major Iranian urban centers have seen unprecedented air pollution in recent years. According to officials, it is caused primarily by the many cars on the streets, with heavy vehicles including trucks and buses emitting 63% of air-polluting particles. An estimated 350,000 dilapidated heavy vehicles, according to the traffic police, are particularly large producers of pollutants. These vehicles also consume more fuel than newer vehicles. Aging cars, meanwhile, consume 60% …

Read More »

Iran Leader Calls Labor Unrest ‘Enemy Plot’ as Workers Protest Unpaid Wages

VOA – Iranian Supreme Leader Ayatollah Ali Khamenei has reacted to an upsurge in labor unrest by labeling it a plot backed by the country’s enemies, echoing his response to anti-government protests last month. In recent weeks, Iranian workers protesting labor conditions have gone on strike at a steel-making company in Ahvaz and at the Haft Tapeh sugar cane plantation …

Read More »

Iran’s currency crisis shakes Rouhani’s middle-class base

Al-Monitor – Barely over a month after economic grievances, mainly among the working class, sparked deadly protests across the country, fluctuations in the value of the Iranian currency — the rial — have generated grave disappointment with another key constituency. This time, the grievance chiefly stems from the pillar of President Hassan Rouhani’s voter base — namely, the middle class, …

Read More »

Monthly Minimum Wage ‘Not Enough For 10 Days,’ Say Unions

RFL/RE – In a joint statement, five Iranian trade unions have lambasted the current monthly minimum wage as “not enough to cover a family’s living expenses for ten days,” and demanded an increase to 50 million rials (roughly $1,050), which they say is in line with internationally recognized cost of living calculations.

Read More »

US curbs bid to take Iran off FATF financial blacklist

PayvandNews – The world’s financial watchdog has extended a waiver for punitive measures against Iran for another six months but refused to remove the country from its blacklist. The Paris-based the Financial Action Task Force (FATF) had been weighing Tehran’s request for the lifting of so-called countermeasures for some time but a flurry of recent visits by a top US …

Read More »

World financial watchdog keeps punting on Iran

Al-Monitor – The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the fate of the landmark nuclear deal.

Read More »

Iran announce bid to create own digital currency

PayvandNews – Iran says it is preparing to launch its own digital currency in a move that many believe can help reduce the country’s vulnerability to the impacts of US-led sanctions. Iran’s Minister of Information and Communications Technology Mohammad Azari Jahromi was quoted by the domestic media as saying that a plan was already on agenda to develop a platform …

Read More »

US turns focus to Asia over Iran trade after milking European banks

PayvandNews – US authorities say they are turning their focus to Asia to strangle financial transactions with Iran after closing off money flows through European banks. The shift underscores the current US administration’s disdain for a landmark nuclear deal which should have paved the way for Iran’s reconnection to the international banking system. Bloomberg ✔ @business Iran has found a …

Read More »
0