Friday , 29 March 2024

Economy

Are China’s growing ties with Gulf states coming at Iran’s expense?

Al-Monitor – Having signed a 25-year comprehensive strategic partnership agreement with Iran almost two years ago, China is due to discuss additional economic cooperation. But for the most part, the arrangements remain vague as geopolitical tensions rise.   Arriving in Saudi Arabia last month, Chinese President Xi Jinping attended a series of meetings with the leadership of the Gulf states and pledged to create a …

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US sanctions Iran drone suppliers for arming Russia in Ukraine

Al-Monitor — The United States issued new sanctions Friday over the supply of drones used in Russian attacks on civilian infrastructure across Ukraine. The Treasury Department announced designations on six executives and board members at Qods Aviation Industries (QAI), a previously sanctioned Iranian defense manufacturer also known as Light Airplanes Design and Manufacturing Industries. QAI has reportedly worked with Iran’s Defense Ministry and Islamic Revolutionary …

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Iran Says It Foiled Cyberattack On Central Bank

RFL/RE – Iran has foiled a cyberattack on its central bank, the country’s telecommunications infrastructure company said on January 6. Anonymous and other global hacking groups threatened in October to launch cyberattacks on Iranian institutions and officials in support of anti-government protests and to bypass Internet censorship there. Amir Mohammadzadeh Lajevardi, head of the Infrastructure Communications Company, said the central …

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Iran’s Inflation Rate Topped 48% in December

VOA – Iran’s statistics agency reported last month that inflation in December hit 48.5% compared to the same time a year earlier. With that figure, the Statistical Center of Iran put inflation for the first nine months of the year at 45% overall. According to World Bank data, the last time Iran had an inflation rate that high was in …

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Iran central bank governor resigns amid currency crisis

Al-Monitor – The Iranian government named a new governor for the country’s central bank, and arrested 96 currency brokers in an attempt to halt unprecedented plummeting of the national currency.   Following a cabinet meeting in Tehran on Thursday, Mohammad-Reza Farzin replaced former central bank governor Ali Saleh-Abadi, who resigned from his post following weeks of pressure.    According to the state-run …

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Iran central bank governor blames anti-govt protests for currency’s fall

Al-Arabia – Iran’s central bank governor on Saturday partly blamed recent anti-government unrest for the fall of the Iranian currency to record lows, while authorities detained a prominent actress who had voiced support for protesters.The unrest, which poses one of the biggest challenges to theocratic rule in Iran since the 1979 Islamic Revolution, also saw groups of oil workers holding …

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Iran Oil Workers Protest For Higher Wages, Against Repression

Iranwire – Iranian oil workers have protested at several production sites in the south of the country demanding higher wages and retirement bonuses, among other things, according to social media posts. The protests purportedly occurred on December 17 amid a wave of nationwide protests that has convulsed Iran for three months, marking the boldest challenge to the Islamic Republic since …

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Iranian Currency Slides To New Low Amid Unrest, Isolation

Iranwire – Iran’s troubled currency fell to a new low against the U.S. dollar on December 10 amid continued unrest and the country’s increasing isolation in the face of Western criticism of its security crackdown and ties to Russia. The dollar was selling for as much as 370,200 rials on the unofficial market on December 10, up from 367,300 the …

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Three Days On The Protest Frontline In Tehran Pars

Iranwire – Day 1- “Today we went to Tehran Pars (eds: a city in Greater Tehran). We got there at 5 p.m. and stayed until 8:30. It was getting too cold. People just kept walking but sometimes a small group gathered and started chanting slogans. And the cars were honking their horns. Interestingly, when the herd of motorcyclist agents arrived …

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