Tag Archives | Islamic Revolutionary Guards Corp (IRGC)

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 […]

US Issues Sanctions against IRGC

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday designated Iran’s Islamic Revolutionary Guard Corps (IRGC) pursuant to the global terrorism Executive Order (E.O.) 13224 and consistent with the Countering America’s Adversaries Through Sanctions Act. OFAC designated the IRGC today for its activities in support of the IRGC-Qods Force (IRGC-QF), […]

President Trump’s New Strategy on Iran

“It is time for the entire world to join us in demanding that Iran’s government end its pursuit of death and destruction.” – President Donald J. Trump President Donald J. Trump, in consultation with his national security team, has approved a new strategy for Iran. It is the culmination of nine months of deliberation with […]

Iran Weary of Trump’s Plans in Iraqi Kurdistan

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. More than two weeks after the Sept. 25 independence referendum in Iraqi Kurdistan, Iran has yet to take any meaningful action against the Kurdish region despite its rhetoric, including Supreme Leader Ayatollah Ali Khamenei’s […]

“Crushing Response” if US declares IRGC a Terror Group

Iranian Foreign Ministry Spokesman Bahram Qassemi warned that if Washington decides to declare the Islamic Revolution Guards Corps (IRGC) a terrorist organization, Tehran would make a “firm and crushing” response. Speaking to reporters at his weekly press conference in Tehran on Monday, Qassemi hailed recent remarks made by IRGC Commander Major General Mohammad Ali Jafari, […]

Iran Unveils New Multiple Warhead Ballistic Missile

New long-range ballistic missile that Iran’s Defense Ministry has manufactured for the Islamic Revolution Guards Corps (IRGC) was unveiled in a military parade in Tehran on Friday. The large ballistic missile, named after Iran’s southwestern city of Khorramshahr that bore the brunt of an Iraqi surprise attack in the 1980s, was put on display on […]

IRGC Working on New Attack Helicopter

A homegrown attack helicopter designed by the Islamic Revolution Guards Corps Aerospace Force is going through the manufacturing process, a top commander said. The IRGC Aerospace Force is still working on the 2-seat attack helicopter designed by its experts, commander of the force Brigadier General Amir Ali Hajizadeh told Tasnim on Tuesday. More information about […]

Iran Cracks Down on IRGC Business Network

The Financial Times reports that Iran’s Revolutionary Guards Corps (IRGC) is being forced to shrink its sprawling business empire, and some of its senior members have been arrested as part of President Hassan Rouhani’s attempts to curb the elite force’s role in the economy. A regime insider and a government official told the newspaper that […]

The real footprint of the IRGC in Iran’s economy

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. The Iranian economy consists of three distinct sectors: public, private and semi-state — which includes religious, revolutionary, military foundations and cooperatives, as well as social security and pension funds. Experts agree that as a […]