Friday , 29 March 2024

Economy

Iran: Hard Times for Ayatollahs

gatestoneinstitute.org – It is an irony that not even the most devoted supporters of the ayatollahs can ignore that a country such as Iran, that prides itself on being one of the world’s largest oil producers, is unable to produce enough fuel to satisfy the needs of its own population. These are, moreover, hard times for the ayatollahs in many …

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Thanks to Trump, the Mullahs Are Going Bankrupt

gatestoneinstitute.org – One of the reasons behind IMF’s gloomy picture of Iran’s economy is linked to the Trump administration’s decision not to extend its waiver for Iran’s eight biggest oil buyers; China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea. Iran’s national currency, the rial, also continues to lose value: it dropped to historic lows. One US dollar, which …

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Almost a fifth of Iran’s gasoline output smuggled abroad: Report

PayvandNews – A new report citing data from the Iranian government shows that almost a fifth of the daily production of gasoline in the country falls into the hands of smugglers who ship the fuel to the neighboring countries. A gas station in Tehran A Tuesday report published in the semi-official Fars news agency cited data from Iran’s Plan and …

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Iran begins payments to 60 million as petrol price protests continue

Guardian – Iran’s government has begun rushing out promised direct payments to 60 million Iranians, in a sign that the regime has been spooked by the scale of protests against petrol price rises announced last week. In some cases petrol prices are being raised by as much as 300%. Unrest continued throughout Iran on Monday and internet access remained blocked for a second day. …

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Iran Official Says Joining FATF Conventions Will Affect IRGC

Radiofarda – A key official in Iran has said that meeting the requirement of the Palermo Convention against transnational crimes and the convention against funding terrorism (CFT) will allow foreign powers to monitor the activities of the Islamic Revolution Guard Corps (IRGC) under the pretext of combating money laundering. “They can find out what we are doing, who we are …

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Iranian Startups: Komodaa’s Success Story Is Heard From Shiraz

PayvandNews – Sana Khalesi, founder of Komodaa, formerly a content writer in the UK and Greece, says of launching komodaa Startup in Shiraz and that she and her team are thinking of a market of 3,600 billion Tomans (about 300 million dollars). Komodaa is the first Eco-friendly and online fashion marketplace in Iran that tackles this issue by making it super …

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Iran TV: Supreme Leader Supports Gas Price Increases

VOA – Iran’s supreme leader Sunday backed the government’s decision to raise gasoline prices and called angry protesters who have been setting fire to public property over the hike “thugs,” signaling a potential crackdown on the demonstrations. Ayatollah Ali Khamenei’s comments came as authorities apparently shut down the internet across Iran to smother the protests in about two dozen cities …

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‘Death to the dictator’: Iran protests intensify after petrol price hike

Al-Arabia – Several protests erutped across Iranian cities on Saturday, with many protesters blocking main roads with their cars and burning tires while chanting “Death to the dictator,” a day after the government announced a surprise decision to ration and hike the price of petrol. One civilian was killed and other people injured in Iran’s Sirjan, the semi-official news agency …

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Outrage In Iran Over Hike In Gas Prices As Economic Woes Worsen

RFL/RE – Iranians are blasting their government for rationing gas and greatly increasing its price, with many concerned that the move will lead to inflation and greater hardship in a country where so many people are struggling to make ends meet. The state-run National Iranian Oil Products Distribution Company said in an overnight announcement on November 15 that each motorist …

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Iran chief banker warns against speculation as currency prices surge

PayvandNews – The governor of the Central Bank of Iran (CBI) has warned the people against engaging in fresh round of speculative trade of foreign currencies, saying a slight weakening of Iran’s rial over the past days is nothing to worry about. cartoon by Mohsen Zarifian Abdolnasser Hemmati said on Thursday that “nothing special” had happened with regard to the …

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