Thursday , 27 January 2022

Economy

Iran Still Selling Oil Despite U.S. Sanctions, Says Vice President

RFL/RE – Iranian Vice President Eshaq Jahangiri was quoted by state television as saying that American pressure on Tehran has failed and Iran is still selling its oil despite U.S. sanctions on its exports.“Despite America’s pressure … and its imposed sanctions on our oil exports, we still continue to sell our oil by using other means … when even friendly …

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Iran seeking major share in global copper trade: Report

PayvandNews –A report shows Iranians are making heavy investments in the copper industry to make it more competitive at the global level. photo by Islamic Republic News Agency The IRNA agency said in a Sunday report that more than $3 billion will be invested in various copper industry projects across the country in the next five years, allowing the country to …

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Will Iran’s 50% gas price hike pay off for the economy?

Al-Monitor – On Nov. 15, Iran announced a shift in its gasoline subsidy policies that led to massive social protests and the unprecedented government response of a weeklong internet shutdown. Though it’s too early to have a complete analysis of the recent wave of anti-government protests, it is valid to argue that the political, economic and social costs of the recent …

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Hundreds of banks and government sites burned in Iran unrest: Interior minister

Al-Arabia – Approximately 731 banks and 140 government sites were torched in recent unrest in Iran, Interior Minister Abdolreza Rahmani Fazli said in remarks published by the official IRNA news agency on Wednesday.More than 50 bases used by security forces were attacked and approximately 70 gas stations were also burned, he said, without specifying where the attacks took place.According to …

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Iran Intelligence Says Most Protesters Were Unemployed Or Low-Income

Radiofarda – Most of the people who participated in the recent anti-regime demonstrations in Iran were either unemployed or with low-income jobs, several members of parliament (Majles) have cited a report by the Islamic Republic Intelligence Ministry. The powerful Commission for National Security Affairs and Foreign Policy of Majles held a closed-door session on Monday, November 25, attended by the …

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Iran Legislators Say Prices Are On the Rise Up To 50% After Gas Price Hike

Radiofarda – The Speaker of Iranian Parliament (Majles) Ali Larijani says some Iranian government companies have increased the price of their products and other reports say prices have sharply risen across the board. Following a 200 percent state-imposed rise in the price of gasoline on November 15, the Iranian government had promised not to increase the price of other commodities …

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Iran plans to wean budget off oil income by next year

Al-Monitor – The Iranian government has decided to eliminate its budgetary reliance on oil sales for the fiscal year beginning in March 2020. The administration kickstarted the policy by reducing gasoline subsidies on Nov. 16. This measure is meant to ease budgetary pressures caused by the US maximum pressure campaign on the country’s economy, in addition to helping lower-income groups by increasing their cash …

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Khamenei Told Iran Parliament Not To Oppose Gasoline Price Hike – Lawmaker

Radiofarda – An outspoken lawmaker in Iran says two days after the gasoline price hike of November 15 that led to bloody protests, the country’s Supreme Leader intervened to stop parliament from opposing the controversial move. In a “note” to Iran’s Parliament (Majles) Speaker Ali Larijani, Supreme Leader Ali Khamenei dissuaded deputies from opposing the price hike, Mahmoud Sadeqi, a …

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Iran Asks Russia For $2 Billion Loan After Mass Protests

Radiofarda – Amid a harsh crackdown on protesters that has killed more than a hundred people since November 15, Iran has asked Russia to provide an additional $2 billion loan. Russian Energy Minister Alexander Novak said on Saturday that Tehran is asking the loan for projects including the construction of thermal power plants, hydroelectric power plants, railroads and subway carriages. …

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Iran Protests: Uprising Of The Poor And Underprivileged?

Radiofarda – Unlike the politically motivated, middle class protests following Iran’s disputed 2009 election, the protests sparked by a steep hike in fuel prices in the past few days engulfed many towns and townships as well as areas in the vicinity of larger cities where around 11 million poor Iranians live without access to many urban amenities. Protests sparked by …

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