Economy

Al-monitor – On Feb. 26, the Iranian government got the go-ahead from parliament members to sell a total of 10 trillion rials ($308 million) worth of excess properties owned by the ministries of Information and Communications Technology (ICT) as well as Labor and Social Welfare in the upcoming Iranian fiscal year, which starts March 21. The raised money is expected …

VOA – Iran’s supreme leader criticized the country’s slow pace of economic recovery on Thursday despite the lifting of sanctions and called on President Hassan Rouhani’s government to champion greater self-sufficiency, state TV reported. Ayatollah Ali Khamenei’s criticism comes ahead of Iran’s presidential election in May, when the pragmatist president is expected to seek re-election. “Of course the government has …

Al-monitor – On March 6, The New York Times reported that a Luxembourg court has ordered the freezing of $1.6 billion of Central Bank of Iran (CBI) assets. The move came after a group of victims of the Sept. 11 attacks, who had won a default judgment against Iran in the United States, filed a lawsuit in the European court to try to enforce …

Al-monitor  — During the past few years, network marketing has become a popular occupation among the youth in Iran. Having successfully managed to distance themselves from controversy involving pyramid schemes, these network marketing firms operate with all necessary licenses and permits. AUTHOR Saeid Jafari As a business model, network marketing has been present in Iran since 2009. To generate substantial …

PayvandNews  – The recent reports indicate that the Islamic Republic of Iran has already been able to escalate its oil exports to levels that existed before sanctions were imposed on the country in 2011. Iran’s exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011. One of the main reasons for the …

Al-monitor – With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the world’s primary and largest habitat for the beluga, the most famous of the caviar sturgeons, as well as four other sturgeon species. This ancient fish, often described as …

PayvandNews – The International Monetary Fund (IMF) has hailed Iran’s ability to achieve what it has described as an impressive economic recovery after the removal of multiple-year sanctions against the country. “Iran’s government hasn’t met expectations on economy” cartoon by Hamed Bazrafkan, Ghanoon daily The IMF in an annual report on Iran’s economic performance said that higher oil production and …

PayvandNews- By 2050, the world is likely to have changed drastically from what we know now, and the planet’s economic and financial landscape will be no exception, Business Insider reported. Read full report by PricewaterhouseCoopers (PwC) A report from professional services giant PricewaterhouseCoopers (PwC) looks at which economies around the world will be the biggest and most powerful in 33 years time. …

RFL/RE – Iran said it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in goods and services, Iranian news media reported on February 21. Iranian Oil Minister Bijan Namdar Zanganeh provided details about the deal after meeting Russian Energy Minister Aleksandr Novak in Tehran, …

VOA – Iran sits on what are thought to be the world’s largest gas reserves, yet can barely supply its own domestic demand. Since the nuclear deal lifted sanctions, the country has sought foreign investment in exploration and infrastructure. But will the hawkish stance of U.S. President Donald Trump put them off? Henry Ridgwell reports from the CWC Iran Gas …