Tag Archives | Islamic Revolutionary Guards Corp (IRGC)

Iran, Oman Eye Military Medicine Cooperation

Military officials from Iran and Oman met in Tehran to discuss the ways to launch cooperation between the Armed Forces of the two sides in the medical sphere. A delegation from the medical department of Sultan of Oman’s Armed Forces, chaired by Colonel Dr. Ali bin Salem al-Harethi, held a meeting with the Islamic Revolution […]

US Sanctions Mahan Air Service Provider

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Mahan Travel and Tourism Sdn Bhd, a Malaysia-based General Sales Agent (GSA), for acting for or on behalf of Mahan Air, an Iranian airline previously designated in connection with Iran’s support for international terrorism. GSAs such as Mahan Travel and Tourism […]

Total to Unwind Iran Operations if no Waiver

On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legislation applicable at the time. SP11 is a gas development project dedicated to the supply of domestic gas to the domestic Iranian […]

US puts Sanctions on head of Central Bank

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a key Hizballah official, all of whom have moved millions of dollars on behalf of the Islamic Revolutionary Guard Corps-Qods Force […]

IRGC Construction to Finish 40 Mega-Projects by Yr-End

Commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), pledged that his forces will complete 40 mega-projects in the current Iranian year, which began on March 21. Addressing a meeting on “Resistance Economy” at the Lorestan gubernatorial office in west Iran, General Ebadollah Abdollahi said the Khatam al-Anbia […]

New US Sanctions on Iran: Full Details

On Friday, in a coordinated action with the U.S. Department of Justice, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one Iranian entity and 10 Iranian individuals under Executive Order (E.O.) 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” as amended. The entity and individuals designated engaged in the theft of valuable intellectual property and data from hundreds of U.S. and third-country universities and a media company for private financial gain. “Iran is engaged […]

IRGC Funding for Cinema stirs Debate in Iran

By Zahra Alipour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “I am a dependent filmmaker. I am a man of the system. … I thank Owj [Arts and Media] Organization. They work hard and deserve the title of ‘The unknown soldiers of Imam Mahdi.’ I […]

World Financial Watchdog keeps Punting on Iran

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The world’s financial watchdog is poised to continue suspending punitive measures against Iran for six more months to avoid creating a new crisis at a time of political fragility inside the country and uncertainty over the […]

US Moves Against “Illicit Iran Aircraft Network”

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has acted against Turkish national Gulnihal Yegane and three affiliated Turkish companies who are involved in illicitly procuring and supplying Iranian airlines with U.S.-origin aircraft engines and spare parts. The action, called a “temporary denial order” (TDO), suspends the export privileges of Gulnihal Yegane (“Yegane”), […]

How do Iran’s “Corrupt Networks” operate?

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. On Jan. 28, at an event celebrating 50 years of capital markets in Iran, the head of the Central Bank of Iran, Valiollah Seif, publicly stated, “The formidable power of illegal stakeholders on Iran’s economy has […]

Rouhani orders Armed Forces to Sell all Business Assets

By John Lee. Bloomberg quotes President Rouhani as saying that Iran’s armed forces, the largest state pension fund, and other branches of the government, must withdraw from all their commercial holdings to help save the economy. Rouhani said: “Not only the Social Security Organization but all government sectors, including banks, have to divest their business holdings, […]

US Uncertainty over Nuclear Deal Complicates Economy

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US uncertainty over nuclear deal complicates Iran’s economy As the Joint Comprehensive Plan of Action (JCPOA) enters its third year of implementation, an atmosphere of uncertainty has slowed the pace of post-sanctions trade and […]

Rouhani moves to Loosen IRGC Grip on Economy

By Mohammad Ali Shabani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Rouhani moves to leverage unrest to loosen IRGC grip on economy In the aftermath of the recent protests in Iran, public announcements about a concerted effort to get the Islamic Revolutionary Guard Corps (IRGC) […]

IRGC Media Producers open New Front against Rouhani

By Dr. Narges Bajoghli for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In a style typical of state television, a young interviewer stands on a sidewalk in a busy area and asks passersby their opinions about the recent outpouring of protests across Iran. A man […]

Iran Threatens ‘Iron Fist’ if Unrest Continues

By John Lee. BBC News reports that Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned anti-government protesters they will face the nation’s “iron fist” if political unrest continues. Iranian police have confirmed that two men were killed in Doroud, in Lorestan province, during clashes on Saturday, but denied that police shot at protesters. In some […]

Iranian Women no longer face Jail for Dress Code Violations

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. One of the more notorious images that often comes out of Iran is that of chador-clad women with police armbands and male police officers rounding up loosely veiled, and often young, women into minivans to be […]

New US Sanctions over Iran: Full Details

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a network of individuals and entities involved in a large-scale scheme to help Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) counterfeit currency to support its destabilizing activities. This network employed deceptive measures to circumvent European export control restrictions and procured advanced […]

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 […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

How Iran helped Baghdad seize back Kirkuk

By Fazel Hawramy, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Around 8 p.m. on Oct. 15, an Iranian general from the powerful Islamic Revolutionary Guard Corps (IRGC) accompanied by Iraqi Commanders Abu Mahdi al-Muhandis and Hadi al-Ameri sat down with the Kurdish commanders in […]