Tuesday , 17 May 2022

Economy

How Khamenei’s Office Makes Billion Dollar Profits From Iran’s State TV

Radiofarda – A video leaked from a meeting of the COVID-19 Control Task Force highlighted the power and influence of the economic conglomerate that operates under the aegis of the office of Iran’s Supreme Leader Ali Khamenei. In the video President Hassan Rouhani tells state TV Chief Ali Asgari to air free of charge advertising for online retailers to encourage Iranians …

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Coronavirus Pandemic Costs Iran’s Tourism And Airline Industries $400 Million

Radiofarda – A senior official of Iran’s Ministry of Cultural Heritage has said that the cotronavirus epidemic will cost $200 million to the country’s tourism industry in three months. Mr. Vali Taymuri, the ministry’s deputy in charge of tourism, told the official IRNA news website on March 28 the government has tried to help hotels by cancelling their insurance and …

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Iran’s President Says Economy Is a Factor in Virus Response

VOA – Iran’s president on Sunday lashed out at criticism of its lagging response to the worst coronavirus outbreak in the Middle East as a “political war,” saying he had to weigh protecting the economy while tackling the pandemic. Hassan Rouhani said the government had to consider the effect of mass quarantine efforts on Iran’s beleaguered economy, which is under …

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China Has Reduced Oil Imports From Iran, Zero Revenues For Tehran

Radiofarda – Data received by Radio Farda show that since January Iran’s crude oil exports to China have dropped further to less than 220,000 barrels per day. Earlier, Washington had repeatedly insisted that one of its main goals in imposing economic sanctions on the Islamic Republic was pushing Iranian oil exports to zero. The United States and China signed an …

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Will Iran’s economy collapse under coronavirus crisis?

Al-Monitor – There is no doubt that the current coronavirus crisis will undermine the Iranian economy and lead to a major contraction in the country’s gross domestic product. Some early estimates project a contraction of up to 3%, though it is too early to offer a reliable assessment. The Iranian government has already announced a number of measures to support vulnerable social …

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IOPHR’s Open Letter to IMF – To stop funding the Iranian Regime and provide aid through International NGO’s

Shabtabnews – On 16th March 2020, IOPHR sent an open letter to Mrs Kristalina Georgieva, the Managing Director of the International Monetary Fund, requesting the IMF not to provide direct funds to the Iranian regime for combating Coronavirus , but instead pay the funds directly to international NGO’s. In there letter IOPHR points out that given the widespread corruption and level …

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Iran’s leading carmaker IKCO halts production due to coronavirus

PayvandNews – Iran’s leading car manufacturer the Iran Khodro Company (IKCO) has decided to halt production at all its plants after reports emerged its workers had contracted coronavirus. A letter addressed to IKCO workers and managers by the company’s human resources deputy on Wednesday said that production lines would start lowering output in the second shift of the day with …

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For First Time In 6 Decades Iran Asks For IMF Loan To Battle Coronavirus

Radiofarda – For the first time since 1962 Iran has asked the International Monetary Fund (IMF) for emergency funding to help it fight the coronavirus (COVID-19) outbreak, which has infected more than 10,000 people and claimed hundreds of lives so far. In a tweet on Thursday Foreign Minister Mohammad Javad Zarif said Iran’s Central Bank has requested immediate access to funding …

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U.S. Sanctions Have Idled A Quarter Of Iran’s Oil Rigs

Reuters – At least a quarter of Iran’s oil rigs are out of action as U.S. sanctions strangle the Islamic Republic’s vital oil industry, according to a Reuters review of financial documents and industry sources, dealing a potentially long-term blow to its oil industry. By Bozorgmehr Sharafedin​ The lack of rig activity could damage the OPEC member’s capacity to produce …

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Oil falls 25 pct after Saudi Arabia cuts prices

Al-Arabia – Oil prices plunged around 25 percent on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.Prices fell as much as 31 percent following the Saudi move to start a price war after Russia balked at making the further steep output cuts …

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