Trump tied American jobs to endless wars in the Middle East. Biden should link them to renewed diplomacy.
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All in Economy
Trump tied American jobs to endless wars in the Middle East. Biden should link them to renewed diplomacy.
Turkmenistan has long struggled to sell its enormous natural gas reserves to a diverse range of customers. With the country’s natural gas surplus expected to rise even higher in the coming years, increasing exports to Iran may be the best solution.
A public opinion survey conducted in October by researchers at the University of Maryland provides insights into how the Iranian public is reacting to an economy battered by U.S. sanctions and ravaged by the COVID-19 pandemic
Maximum pressure has not destroyed the Iranian economy, and Nicolás Maduro’s beleaguered government may be learning from Iran’s model of resilience.
In these interviews, two Iranian pharmaceutical executives detail an acute need for some medicines and shed light on some of the regulatory, operational, and integrity risks that foreign pharmaceutical companies face on the ground.
The Rouhani administration has lofty goals to grow Iran-Iraq trade as Iran seeks to expand its non-oil exports. But dysfunction at the border and a lack of government support have frustrated many Iranian exporters.
Falling output over the past two years has made clear the limits of the Iranian government’s ability to grow the automotive sector without foreign partnerships and new investment.
The rollercoaster ride that has taken the rial to a historic low of IRR 215,000 to the dollar does not tell us as much about the health of the Iranian economy as is widely assumed.
When industry minister Reza Rahmani sat down for a meeting with Iranian Vice President Eshaq Jahangiri on Monday, he did not know that he was about to be sacked.
Iran’s giant automakers, Iran Khodro and Saipa, are in a tug of war with the Rouhani administration over demands to lift price controls. The state-owned firms are seeking to increase prices by 40 percent.
Iran could face a devastating second wave of coronavirus infections as the country re-opens, but keeping the economy closed down without a safety net would have likely led to unrest.
The COVID-19 crisis has forced Iran’s government to turn to little-used financial tools to help stabilize the economy and address a widening fiscal deficit.
Several reports released by key ministries and research centers over the last few weeks warned of dire economic if the government did not rollback the lockdown, despite warnings from health experts about the risks of new infections.
The Germany foreign ministry has announced that INSTEX, the trade mechanism backed by nine European states to facilitate humanitarian trade with Iran, has completed its first transaction.
While Iran’s economy has struggled over the last two years, the country has nonetheless seen a boom in new restaurant and café openings, especially in the bustling capital, Tehran. But the COVID-19 outbreak has brought the shutters down at establishments across the country, leaving the owners to wonder if they will ever open again.
The Financial Action Task Force (FATF), a global body that sets standards to combat money laundering and terrorist finance, has placed Iran back on its infamous “blacklist,” following the failure of Iranian policymakers to enact two key bills in accordance with an action plan set in 2016.
The Swiss Humanitarian Trade Arrangement (SHTA), a payment mechanism to enable humanitarian goods to be delivered to Iran, is about to be implemented. On 27 January, an initial payment for the shipment of medicines to Iran was approved in the form of a trial run.
The contents of an email shared with Bourse & Bazaar by an official at Iran’s communications ministry suggest that China’s Bank of Kunlun is weighing whether to cease processing Iran-related payments. There is growing concern in Tehran that China may be planning to downgrade its trade relationship with Iran.
Immigration from Iran to Georgia has been sharply increasing: Since 2012 the net number of Iranian immigrants in Georgia has increased more than tenfold, reaching 3,413 in 2018, the last year for which statistics are available. The same year, Iranians made up the largest group of foreign nationals getting temporary residence permits.
Iran’s business community is taking stock after the assassination of Major General Qassem Soleimani as the possibility of a direct conflict with the United States threatens serious consequences for an already beleaguered Iranian economy. Both the currency market and stock market saw further losses on Monday, the final day of a three-day period of mourning.
