Economy

Iranwire – On Monday, May 17 it emerged that Sina Estavi, CEO of Cryptoland, one of the biggest digital currency exchanges in Iran, had been arrested. The incident caught investors by surprise, and ever since then, the issue of cryptocurrency trading in Iran has been in the news. Estavi’s Twitter account was also seized by Iran’s Organized Cyber Crime Police as well and …

Iranwire – Two recently-published studies in Iran’s quarterly Journal of Tax Research have emphasized the relationship between nepotism, sanctions and tax evasion in Iran. The first, entitled The Impact of Economic Sanctions and Political Relations on the Tax Gap, took in the eight-year tax records of some 120 companies active on the Tehran Stock Exchange. The second, Estimating the Rate of Tax …

Iranwire – The Statistical Center of Iran published its  Iranian Labor Force Census for the Persian calendar year 1399 on Tuesday, May 11, 2021. The report suggest that for the first time in the last 15 years, the unemployment rate has reached single digit-figures and now stands at 9.6 percent. The decrease in the unemployment rate in 2020-2021 has made headlines in Iranian …

THE ART OF DECEPTION- THE LOBBYING BUSINESS OF IRAN Lobbying is a form of influential activity that exists in pretty much all governments around the world by paid special interest groups who hire expert professionals to argue or rather persuade governmental officials in specific legislation issues and decision-making processes. Although the lobbying activity is regarded as a lawful activity it …

foxbusiness –  Fifteen Republican senators have written a letter to three major business and financial groups warning them against engaging with Iranian businesses if the Biden administration lifts sanctions to revive the 2015 Iran nuclear deal.  The letter sent Tuesday to the heads of the U.S. Chamber of Commerce, Financial Services Forum and Business Roundtable was co-signed by Sens. Tom Cotton, Ted Cruz, Marco …

Al-Monitor – Iranian President Hassan Rouhani said at a cabinet meeting today, “The sanctions have failed and if we remained united, the sanctions will soon be removed.” Iran and the members of the UN Security Council plus Germany are currently renegotiating the terms of the Iran nuclear deal known as Joint Comprehensive Plan of Action. The United States exited the deal in 2018 and reapplied crippling …

Iranwire – The last time the US dollar traded at less than 22,000 tomans for two consecutive days was in late July 2020. Ever since then, save for one day (January 19, 2020), the price of the dollar has exceeded this value. On October 20 last year it hit a record high of 32,000 tomans, which then gradually subsided. A …

Iranwire – Iran’s official state news agency has revealed that the 2021-2022 budget scandal is more extensive than previously thought, prompting threats that legal action might be taken against the agency for its publication of “fake news”. Iranians were still absorbing the shock of the budget scandal when further news emerged of the extent of the last-minute changes. Islamic Republic News …

Al-Monitor – Traditionally, Iranian Supreme Leader Ayatollah Ali Khamenei uses his Nowruz speech to produce a slogan for the upcoming year.  In his March 20 speech he presented the following objective for the new Iranian year: “Support production and remove barriers to domestic production.” In line with this objective, the Ministry of Industry, Mining and Trade conducted a survey of industrialists to identify the …

Iranwire – For Iran, the talks in Vienna with the United States must have one key outcome: the lifting of sanctions. For the US, the main objective is a massive scaling down and curtailing of Iran’s nuclear program — an objective it shares with the five other countries that helped broker the nuclear deal, the Joint Comprehensive Plan of Action (JCPOA), in 2015. …