In Iran, 40% of all people live in poverty, with a substantial number living below the absolute poverty line, meaning they cannot afford the basics
Tag: Economy of Iran
Iran and Bulgaria pledge to deepen ties despite U.S. Sanctions
Iranian First Vice-President Eshaq Jahangiri and Bulgarian Prime Minister Boyko Borissov, in a meeting in Turkmenistan’s Awaza, on the sidelines of the First Caspian Economic Forum, voiced their countries’ resolution to develop bilateral relations, writes Tehran Times
Iran cleric complains financial hardship has reduced budget for religious schools
A top hardliner cleric in Iran has expressed concern over the decline in the budget allocated to religious institutions, as U.S. sanctions have affected the government’s ability to fund ideological centers meant to strengthen the regime’s influence in society
Rouhani again asks Macron to facilitate trade with Iran
Iran’s President Hassan Rouhani had another telephone conversation with French President Emmanuel Macron August 6, to discuss issues surrounding U.S. sanctions on Iran and related tensions
Iran to launch new reefer ship services to Oman
A reefer ship to carry perishable commodities such as fruits will be launched between Iran’s Jask Port in Hormozgan Province and Omani ports for the first time in the near future, Iran’s commercial attaché in Oman said
Iran wants to expand business to Azerbaijan
Iran was revealed to have set its eyes on Azerbaijan to bolster its business presence in areas including industry, construction, services, communications, trade, transport and agriculture
Iranian regime engulfed in economic and social crises
Iranian oil exports in July dropped to as low as 100,000 barrels per day, according to Reuters. This is about five percent of the regime’s pre-sanctions exports
Iran to establish at least 3 factories in Syria
Two of the factories are going to produce skimmed milk and medicine for cancer, and the third, will be a car manufacturing factory, Nahas told Al-Vatan newspaper
Iran slashes four zeroes from rial currency over inflation
The Iranian government has approved a plan to ax four zeroes from the rial in a bid to tackle high inflation in the country. The measure was announced by an Iranian government spokesperson, Ali Rabiei, following a Cabinet meeting on Wednesday
Iran prepares satellite launch shelves project to send first Iranian to space
Iran’s Information Technology and Telecommunications Minister Mohammad Javad Jahromi Azari says the country’s communication satellite Nahid-1 will be ready for launch in two weeks
Billions of dollars keep vanishing in Iran
The Iranian minister of health and medical education, Saeed Namaki, has a big problem with Twitter. In an interview with the Iranian Labor News Agency, he claimed that his opponents pay $4,000 for each tweet critical of him and the Health Ministry
