09202017Wed

By Jubin Katiraie

The future of Iran’s economy is looking very unsteady as the toman is declining in value. On top of this, the price of gold has been increasing. The toman has lost approximately 12 percent of its value recently.

The deputy chairman of the Iranian parliament’s Budget Commission, Hadi Ghavami, said that there are numerous factors to take into account. However, he indicated that the most exacerbating factor was the lower oil prices that is resulting in an unexpected budget deficit.

Iran Focus

London, 11 Sep - Iranian business people are complaining that they receive a lack of support from their government, which is directly affecting their ability to stay afloat in the international market.

They state that the Regime has been so focused on its exports of oil and its derivatives (roughly 90% of Iranian exports), that they have neglected to invest in infrastructure for private sector exports (i.e. food).

This has led to Iranian businesses losing access to their neighbouring markets in the region, particularly when competing with countries like Turkey.

Iran Focus

London, 23 Aug - Hundreds of retired teachers and other government pensioners held a rally in front of the Iranian Parliament (Majlis) in Tehran, on Tuesday, August 22, to protest their lack of benefits, according to local media reports.

Many of the workers’ syndicates and trade unions reported that hundreds of protesters were present at the demonstration with many currently employed government workers showing up in solidarity with the retirees, while Iran’s Free Labor Union reported that over 1,000 protesters were present.

A spokesperson for the Free Labor Union said: “There were nearly one thousand protesters present at today’s rally in front of the Parliament.”

Iran Focus

London, 29 Aug - French companies are risking their money and their reputation by doing business with the Iranian Regime, according to Mohammad Amin.

Ever since the 2015 nuclear deal was implemented last year, various companies across the globe have been seeking out deals with the Iranian Regime but could it all be in vain?

On August 7, the Renault Group agreed to terms with Iranian state company IDRO (Industrial Development and Renovation Organization of Iran) to take hold of 60% of the company shares in order to increase the production of Renault vehicles in Iran to 150,000 units per year.

Iran Focus

London, 15 Aug - During his recent inauguration, Iran’s President Hassan Rouhani promised to embark on an “economic revolution” in order to create jobs for the nation’s unemployed, but the main problem facing the Iranian people is not the economy but the Regime itself.

The economy is no doubt a big problem in Iran, which has led to almost 30% of Iranians living below the absolute poverty line and a quarter of the Iranian youth being unemployed, but this is due to the Regime continually pouring money into foreign conflicts and the military rather than projects that would benefit the people like infrastructure or health care.

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