Economy
Activists in the market believe that in light of the drop in Iran’s foreign currency revenue this past year, the country will be witness to another surge in the value of the dollar in the market. They believe that the central bank, which promises to lower…
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Gholam Hossein Nozari criticized the government for the resulting stagnation in the gas export contract with Switzerland, saying that during the previous government’s term, a gas export agreement was signed with Switzerland despite the sanctions, but this government has not paid enough attention to this contract…
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Along with the increasing economic pressures on citizens due to the poor state of the economy that has entered a new phase due to the shortage of essential drugs, and after Majlis representatives reported an unprecedented increase in the price of drugs in recent days, the…
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Dr. Reza Hosseinpour, head of the Health Insurance Division in the Ministry of Labor and Social Affairs, reported an eightfold price increase in materials used in dentistry due to the sanctions and that teeth have suddenly reached the price of foreign currency. According to Hosseinpour, the…
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The report further reveals that inflation on food products surged by 60% this month relative to the same month last year. The price of bread and wheat this past year rose 51%, the price of meat 50%, dairy and egg products 54%, oil 52%, vegetables 105%…
Read More →Mohammad Reza Farzin, Secretary of Subsidy Reform Headquarters, said that negotiations are ongoing regarding the implementation of the second phase of the targeted subsidies plan with the Majlis. He added that if agreement cannot be reached to secure sources of funding, cash subsidies could be reduced…
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In a meeting with worker representatives, Majlis Chairman Ali Larijani criticized temporary employment contracts with workers and emphasized that according to the Five-Year Development Plan Law, the government is required to formulate proper labor agreements. He expressed the hope that the government’s strategy would provide satisfaction…
Read More →Javad Oji announced that although these countries are oil rich, their need for natural gas imports is increasing due to the need to operate their power plants. According to Oji, negotiations on gas exports from Iran to these countries are taking place, and details will be…
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India’s Foreign Minister met with Ali Akbar Velayati, Supreme Leader’s Advisor on International Affairs, during his visit to Tehran. In this meeting, the Foreign Minister expressed India’s desire to renew gas talks with Iran and to participate in the construction of the gas pipeline known as…
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Mohammad Reza Moqaddam, Deputy Iranian Minister of Petroleum for Research and Technology, said that “Research and technology will lead to the generation of wealth, and Western sanctions are doomed to fail by commercialization of the products being made by Iranian scientists.” He added that cooperation between…
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Iran’s cabinet has agreed to a Foreign Ministry proposal to unilaterally cancel tourist visas for Egyptian nationals seeking to visit Iran for up to 20 days….
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Majid Namjoo, Energy Minister, said in a meeting with the Foreign Minister of Guinea Bissau that Iran is ready to build power plants in Guinea Bissau and to provide it with other electrical equipment. “Since the amount and level of rain in Guinea Bissau is good,…
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RSM, a UK-based firm, and Crowe Horwath of the US have joined Grant Thornton, one of the second-tier international accounting firms, in leaving Iran after coming under US political pressure. The ‘big four’ accounting firms pulled out of Iran in 2010. …
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Ali Larijani told worker representatives on the eve of Workers Week (May 1) that paying due attention to production and creation of job opportunities is the only option for controlling rising inflation… Peace of mind is vital for workers, and this point should be taken into…
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National Iranian Oil Company (NIOC) Director for Exploration, Hormoz Qalavand, announced the discovery of new vast gas reserves in Southern Iran….
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Seyyed Piruz Mousavi, Managing Director of Iranian Oil Terminals Company (IOTC), said that local experts at his company have successfully manufactured the flexible oil suction and discharge rubber hose needed for such ship-to-ship transfers….
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Oil Minister Rostam Qasemi stated Iran’s preparedness to supply Turkey’s energy needs and announced that Tehran will boost export of natural gas supplies to the neighboring country….
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Mohammadreza Esmaili, head of Iran’s dairy syndicates, said that subsidy cuts have led to a 40%-60% increase in the price of milk and a 22% fall in consumption. The Deputy Minister of Health has urged the public not to let rising prices remove milk and fruit from their…
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Production has fallen at the three largest car manufacturing companies – Khodro, Saipa, and Pars. Khodro fell by 47% in the last Iranian year (ended March 20, 2013)….
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