Archive | Politics

Former Central Bank boss denies meeting Zarrab

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s former Central Bank head Mahmoud Bahmani, reacting to Iranian-Turkish tycoon Reza Zarrab’s recent statements in a US court, says he never met with Zarrab. In his testimony in a New York trial, Zarrab, who was arrested in the […]

Russia Hosting Conference on Iran-North Caucasus Cooperation

An international conference about ways to boost economic relations between Iran and the North Caucasus region opened in the Republic of North Ossetia-Alania in Russia on Tuesday. The international event is underway in North Ossetian State University in Vladikavkaz, the capital city of the Republic of North Ossetia-Alania, and will last for two days. The […]

Banking Problems between Iran & UK being Removed Gradually

Boris Johnson, the UK foreign secretary, has underlined Iran’s importance in the region and also reiterated his country’s support for maintaining the JCPOA, the 2015 nuclear agreement between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a Sunday meeting in Tehran with Head of the Atomic Energy Organization of […]

Rouhani Submits Budget Blueprint to Parliament

Iran’s President Hassan Rouhani on Sunday submitted the budget bill for the next Iranian fiscal year to the parliament, which maintains a cap on monthly subsidy payments to public and allocates part of the Subsidy Reform spending to health care and reduction of poverty. President Rouhani gave a speech to an open session of the […]

Iran Rises in Prosperity Index

By John Lee. Iran has risen one place in this year’s Legatum Institute Prosperity Index, ranking in 117th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite the […]

Israeli Tech puts Iranian Startups in Bind

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. Israeli tech puts Iranian ride-hailing startups in bind Iran’s recent decision to once again block Waze, a mobile navigation app developed in Israel, has created a great deal of controversy in the country. The […]

Why is Iranian Rial suddenly Weakening?

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. A recent devaluation of the rial on the so-called free market in Iran has raised concerns that the country’s economy will experience another collapse of the value of its national currency similar to what […]

Erdogan helped Iran evade US Sanctions, Zarrab claims

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. A trial playing out in New York is being watched carefully in Turkey. That’s where a banker accused of helping to launder money for Iran is from. And wrapping up his testimony on […]

Qatar, Iran Boosting Trade, “Benefiting from Blockade”

The move by Iran to increase bilateral trade with Qatar, following a Saudi-led blockade, has benefited the two countries, according to an expert. “Trade between Iran and Qatar increased by 117 percent in less than six months and it shows the short-term effect of this crisis and bodes well for both countries in the long […]

Video: Is the Iran Deal set to Unravel?

While the Iran nuclear deal was hailed as a “triumph of diplomacy” by its supporters around the world, US President Donald Trump called it “the worst deal ever”. He recently decided to officially “decertify” the deal formally known as the JCPOA, the Joint Comprehensive Plan of Action, between Iran six world powers and the EU […]

Saudi Reforms put Spotlight on Iran’s Women’s Movement

By Leila Alikarami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Arabia attracted significant media attention when it announced that it would finally allow women to drive as of June 2018. It was also announced later that women will be allowed into some of the […]

Iran Up (Slightly) in Prosperity Index

By John Lee. Iran has risen one place in this year’s Legatum Institute Prosperity Index, ranking in 117th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. According to […]

Earthquake Response shows Iranians’ Nationalism, Mistrust of Authorities

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. A powerful 7.3 magnitude earthquake struck an area straddling the Iran-Iraq border on Nov. 12. Iran’s western province of Kermanshah was the hardest hit with over 400 fatalities. Sympathies immediately began pouring in from […]

Turkish-Iranian Gold Trader Pleads Guilty

By John Lee. Prosecutors in the United States have reportedly revealed that a wealthy Turkish-Iranian gold trader has agreed to testify about what is claimed to be a “vast corruption scheme they say reached into the upper levels of the Turkish government.“ Associated Press says that Reza Zarrab (34) is expected to outline how he […]

Why UK-US Divide on Iranian Nuclear Deal Matters

By Kasra Aarabi for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iran Business News.  European powers, most notably Britain, have rebuffed US President Donald Trump’s Oct. 13 refusal to certify that the landmark nuclear agreement with Iran meets congressional requirements. Issuing a joint […]

Intimidated by US, Major Banks Avoid Working with Iran

A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the Central Bank […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Total May Have to Rethink Iran Deal due to Trump

Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. “If we […]

Ex-CIA director speaks out Against Iran Deal

By John Lee. The former Central Intelligence Agency (CIA) director James Woolsey (pictured) has said the US should destroy virtually all of the Islamic Revolutionary Guard Corps (IRGC) infrastructure as well as Iran’s nuclear facilities to reduce its terrorist and nuclear threats. He told The Jerusalem Post: “The next time the IRGC looks cross-eyed at […]