Archive | Politics

Telegram in Iran on verge of being Blocked

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The popular messaging app Telegram is seemingly drawing its last breaths in Iran as a number of reports indicate its likely imminent blocking. Telegram has more than 40 million users in Iran and is widely believed […]

EU Extends Sanctions on Iran for Human Rights Violations

The Council of the European Union has voted unanimously to extend its “restrictive measures” (sanctions) against Iran by one year due to human rights violations. These measures consist of: a travel ban and an asset freeze against 82 people and one entity. a ban on exports to Iran of equipment which might be used for […]

5 potential scenarios for Iran deal

By Seyed Hossein Mousavian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. President Donald Trump’s tapping of Mike Pompeo and John Bolton for secretary of state and national security adviser, respectively, should do away with any pretense that the US administration wishes to “fix” the […]

Iran raises Minimum Wage in concession to Workers

By Zep Kalb for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Following intense tripartite negotiations, the Iranian government, employers and unions agreed to increase the country’s minimum wage by 19.8%, from 9.29 million rials ($245) per month to 11.14 million rials ($294.50). The deal will see the highest […]

What’s behind Iran’s massive Capital Flight?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A prominent Iranian member of parliament’s recent statement about a significant outflow of capital from the country has raised eyebrows. Commenting on the foreign exchange fluctuations in March, parliamentary economic commission head Mohammadreza Pourebrahimi said some $30 […]

MPs call on Central Bank boss to Resign as Rial Plummets

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As the Iranian rial hit a record low, trading above 60,000 against the US dollar on April 9, criticism against President Hassan Rouhani and Central Bank Gov. Valiollah Seif has intensified. The rial has dropped in […]

Iran Unifies Exchange Rates to Halt Currency Slide

The Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country has unified its official and open market exchange rates as the Iranian rial plunged to an all-time low against the US dollar. Speaking at an open session of the parliament on Tuesday morning, Seif explained about the currency slide in recent […]

Iran Forms Special Task Force on Currency Slide

Spokesman for the Iranian Administration Mohammad Baqer Nobakht said a special task force has been set up at the behest of President Hassan Rouhani to control the country’s currency market as the Iranian rial hit a record low against the US dollar. Speaking to reporters in Tehran on Monday, Nobakht regretted the recent currency depreciation […]

Iran, Russia discuss Increased Cooperation

Top officials from the parliaments of Iran and Russia met in Tehran on Monday to coordinate policies for closer cooperation and enhanced economic relations between the two countries under a framework of parliamentary interaction. Speaking at a joint press conference in Tehran with Vyacheslav Volodin, the speaker of Russia’s State Duma, Iranian Parliament Speaker Ali […]

83 Iranian Nuclear Achievements Unveiled

83 Nuclear Achievements Unveiled on National Nuclear Technology Day Eighty-three achievements of nuclear technology were unveiled on Monday in the presence of President Hassan Rouhani on the National Day of Nuclear Technology. Dr Rouhani also visited the nuclear technology achievements fair, in which 83 domestic achievements were displayed. Transfer of the first yellow cake shipment […]

Oberbank puts Iran Deal ‘On Hold’ over Trump

Oberbank, Austria’s seventh-largest bank, has put projects “on hold” due to the uncertainties surrounding the 2015 nuclear deal between Tehran and world powers, a report said. In a presentation to shareholders by Oberbank CEO Franz Gasselsberger, said the financing of projects in Iran remains “on hold” because the current US policy “complicates the business massively”, […]

Rouhani “pushes back against” Telegram blocking

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Amid fresh reports that the Iranian authorities are planning to block the popular messaging app Telegram, moderate President Hassan Rouhani has declared his opposition to such a move. In a controversial interview on March 31, member […]

Are Iranians ready to ‘Buy Iranian’?

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In keeping with the tradition of declaring an annual motto at the beginning of each Iranian year, Supreme Leader Ayatollah Ali Khamenei has named the current year that began March 21 “Support for Iranian Products.” Many observers […]

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IMF Calls for Iran to Access Int’l Bond Markets

featured A new report from the International Monetary Fund (IMF) examining “selected issues” in Iran’s economy, including the expansion of non-oil exports and the role of women in the labor force, places special emphasis on the importance for Iran to develop the government securities market, which is a priority under the Sixth National Development Plan […]

Iran’s Conservatives see Twitter as next Battleground

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. When Iran’s Foreign Minister Mohammad Javad Zarif began his tenure in 2013, the American-educated diplomat knew that he would need to bypass many of the traditional media outlets to spread Iran’s message directly on the international […]

How Mohammed bin Salman unites usually Divided Iranians

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Crown Prince Mohammed bin Salman’s war of words against Iran seems to have had a unifying effect among usually divided Iranians. The 32-year-old prince adopted a particularly tough tone against Tehran during his […]

Tehran’s Quality of Living Ranking …

By John Lee. Tehran has been ranked in 200th place in Mercer’s 2018 Quality of Living Survey. This puts it just ahead of Luanda in Angola and Lahore in Pakistan, and just behind Douala in Cameroon and Dar es Salaam in Tanzania. Vienna again retains the top spot; Zurich and Auckland follow in second and […]

MP: $30bn Has Been Transferred out of Iran

By John Lee. Iranians have transferred $30 billion out of the country in recent months, according to a claim from an Iranian member of parliament. MP Mohammad Reza Pourebrahimi, who is the head of the parliament’s economic committee, did not specify how the money has been moved out; without access to the international banking system, […]

Iran Eyes Closer Ties with Tunisia

Iranian President Hassan Rouhani said he sees a promising prospect for bilateral relations with Tunisia in various fields. In a letter to his Tunisian counterpart on Tuesday, President Rouhani congratulated the Arab government and nation on the anniversary of its Independence Day. In his message, the Iranian president has expressed confidence that strong will of […]

Can European Business and Tech save Iran Deal?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the current concerns of international companies planning to do business in Iran is the threat of a US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and the reintroduction of US […]