Category Archive: Iran Economic Issues

News and analysis of iran economic issues

Jan 04

Iranian Gas and the Nabucco Pipeline Realities

The construction of the Nabucco pipeline from the Caspian region to Europe has been delayed.  Initially proposed in 2002, the construction of the pipeline was tentatively planned for 2009, which would have enabled it to deliver gas to the EU in 2011.  However, in May 2011 Reinhard Mitschek, the Nabucco Managing Director, commented “the timing …

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Jan 04

The Great Surgery of Iran’s economy

A memorable event took place in Iran’s economy in December of 2010. Iran’s President Mahmoud Ahmadinejad announced the launch of a project on subsidy reform (elimination of targeted subsidies), and called it a ‘great surgery’ on the weakened Iranian economy. In his TV speech, Ahmadinejad said that the elimination of subsidies in Iran will contribute …

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Jan 04

Iran’s economy can thrive without reliance on oil revenues: president

Iranian President Mahmoud Ahmadinejad said Saturday that Iran’s economy can thrive without reliance on oil revenues, semi-official Fars news agency reported. Running the country without reliance on oil revenues is possible as long as cooperation and solidarity exist among Iranians, Ahmadinejad was quoted as saying. “The Iranian nation should move toward the summits of glory, …

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Jan 04

Inside the West’s economic war with Iran

In his first week as U.S. president, Barack Obama told Iran’s leaders he would extend a hand if they would “unclench their fist” and persuade the West they weren’t trying to build a nuclear bomb. So far, they have not. In response, the United States and the European Union this year took a step they …

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Jan 04

US and Iran May Collaborate on Afghanistan Issue

JTW Interview with Assoc. Prof. Selçuk Çolakoğlu, Director of USAK Center for Asia-Pacific Studies You recently attended a conference by the Delhi Police Group titled ‘Afghanistan: Good Neighbourly Relations’. Could you spell out some of the takeaways from the two-day meet? Conferences organised by the Delhi Policy Group are essentially ‘Track II’ meetings that bring …

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Jan 04

Basij Commander: Iran at Economic War with Enemy

Basij Commander: Iran at Economic War with Enemy Commander of Basij (volunteer) force Brigadier General Mohammad Reza Naqdi said enemies have waged an all-out economic war on the country, and stressed that the economy of resistance is the best way for Iran to win this war. “We are now in economic war with the enemy,” …

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Jan 04

Iran reviews privatization impact on its economy

Discussing different aspects of privatization process in Iran; Senior economic experts and officials gathered in Tehran to review the impact of the implementation of the policies outlined in the article 44 of the constitution, which focuses on privatizing Iran’s economy. Addressing the conference President Ahmadinejad said that starting the privatization process in the country was …

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Jan 04

The imagined Iranian threat in Latin America

Reading the text of a bill that was recently signed into law by U.S. President Barack Obama would instill fear in the hearts of ordinary Americans. Apparently, barbarians coming from distant lands are at work. They are gathering at the U.S.-Mexico border, cutting fences and ready to wreak havoc on an otherwise serene American landscape. …

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Jan 04

Iran’s historic baazar (In pictures)

                    The azure that dominates Shia architecture, the Persian calligraphy and the Zoroastrian symbols adorning walls all testify to the beauty lying just below the surface of old Tehran, where the Grand Baazar provides more than just solace from the capital’s frenetic pace. The monuments, mosques …

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Jan 04

Iran Eying Better Rank in Global Economy

Iranian President Mahmoud Ahmadinejad underlined Tehran’s determination to promote its rank in global economy, saying that the country enjoys the capability to stand among the top 8 world economies in the next few years. “The economy of Iran has the capability to become the 7th or 8th largest world economy in 15 years,” Ahmadinejad said …

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Jan 04

Mideast economic change may start in Iran

Two years after the Arab masses took to the streets, mayhem’s end is nowhere in sight. In Cairo, the Arab world’s heartbeat, Egypt’s first freely elected government relegated the economy to the back burner to pursue a politics of divisiveness. President Mohammed Morsi’s attempt in November to impose himself on the judiciary resulted in renewed …

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Jan 03

U.S. Allies Ignore Washington’s Iran Sanctions

Since the U.S. began its “global war on terror” in late 2001 in the wake of al Qaeda’s U.S. attacks, two of its most stalwart Muslim allies have been Turkey and Pakistan. Since then Turkey has provided the Pentagon access to its massive aerial facility in Incirlik, a crucial component in both Iraq and Afghanistan, …

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Dec 28

The price of war with Iran

 One of the greatest challenges that US President Barack Obama will face in his second term is Iran’s pursuit of advanced nuclear technologies. While a nuclear Iran would damage America’s strategic position in the Middle East, action aimed at forestalling Iran’s nuclear progress also carries serious strategic and economic consequences. Armed with nuclear weapons, Iran …

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Dec 28

Iran’s President Ahmadinejad fires only woman in his Cabinet

Iran’s first woman minister Marzieh Vahid Dastjerdi attends a press conference by President Mahmoud Ahmadinejad after parliament voted for his proposed cabinet in Tehran on September 3, 2009. Health Minister Marziyeh Vahid Dastjerdi, the only woman in President Mahmoud Ahmadinejad’s Cabinet, has been fired. Iran’s Marzieh Vahid Dastjerdi made history in 2009 when she became …

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Dec 28

Iran may terminate $5 bln gas deal with China

Iran’s oil ministry spokesman, Alireza Nikzad-Rahbar, said Tuesday that its long-delayed $5 billion offshore gas exploration contract is due to the lack of inclination from China National Petroleum Corporation (CNPC) to push ahead with the project. CNPC and the National Iranian Oil Company (NIOC) signed the contract in 2009 to develop the South Pars Gas …

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Dec 28

Iranian sanctions: Are They Effective?

 Iranian President Mahmoud Ahmadinejad delivers a speech during Iran’s Nuclear Technology Day in presidential palace in Tehran, Iran on April 8,2012. UPI/President.IR Intimidation is the name of the game in the Middle East, and the game is played on every stage imaginable. The time line in 2012 begins in early January with the European Union …

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Dec 28

Iran Latest Attacks on Computer Systems

A power plant and other industries in southern Iran have been targeted by the Stuxnet computer worm, an Iranian official says. Accounts of the attacks strongly suggested they originated in the U.S. and Israel, which have been engaged in a shadowy struggle of computer sabotage with Iran in a broader dispute over whether Iran’s nuclear …

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Dec 25

Ahmadinejad: Iran fighting ‘smart economic war’

“Targeted sanctions, which the enemies say are supposed to be crippling, have led to a drop in our oil” sales, Ahmadinejad said in a live interview on state television, referring to an oil embargo imposed by the European Union. “They do not even let us transfer the oil money,” he said. “They thought Iran’s economy …

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Dec 24

Iran’s stock market rally defies economic slump

Iranian share prices have rallied 40% in the past four months, at odds with the country’s deteriorating economic fundamentals under the weight of sanctions and raising the risk of a stock market bubble, analysts say. While a weak currency, high unemployment and double-digit inflation are contributing to a contraction in the Iranian economy as Western …

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Dec 24

What’s wrong with Iran’s economy?

Iranian President Mahmoud Ahmadinejad has run the executive branch of the country for seven and a half years and will be in the post for another six months. He has carried out large economic surgeries. Some believe that he has conducted surgeries without anesthetising the ailing economy by using force and threat, but some others …

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Dec 24

The Economic Cost of a Nuclear Iran

Sanctions and U.S. military force carry risks, but Tehran with a bomb would wreak havoc on global markets. After the looming fiscal cliff, the next major challenge facing the United States will be preventing Iran from obtaining a nuclear weapons capability. Living with a nuclear Iran is strategically untenable. Like the fiscal cliff, this is …

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Dec 24

Unfortunately Sanctions Are Destroying Iranian Society

Economic sanctions are not only shattering the lives of the Iranian people but also strangling Iran’s social and cultural development. Iran is headed for a humanitarian catastrophe unless steps are taken to avert it. For 33 years now, since the 1979 Iranian Revolution, Iran has been the target of US economic sanctions, which have increased …

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Dec 24

Sanctions Unable to Pressure Iran More Than War Time

TEHRAN (FNA)- A former Iranian nuclear negotiator dismissed the impacts of economic pressures on Iran, underlining that none of the current sanctions could surpass what Iran endured during the 1980-88 war with Iraq, which in effect was a global assault on the young Islamic Republic. The remarks were made by Hossein Moussavian, a former Iranian …

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Dec 14

How Bad do Sanctions Really Hurt Iran?

With 20 governments expressing their commitment to reduce the amount of crude oil purchased from Iran, the U.S. government said oil production from the Islamic republic was down by 1 million barrels per day from October, compared with the same time last year. Sanctions imposed this year were meant to cut into Iran’s oil revenue, …

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Nov 30

Iran Economy Latest News 2012/11/30

Iran Economy Latest News _______________________________________________ _ Iran’s direct tax incomes reach 16 billion USD in 8 months (NZweek) Iran’s incomes from direct taxes reached 16 billion U.S. dollars during the first eight months of the current Iranian calendar year, which began on March 20, Tehran Times daily reported on Thursday. Director of the State Tax Affairs Organization, …

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Nov 28

Iran Positioned to Threaten Oil Lanes

Iran Positioned to Threaten Oil Lanes   In mid-December, the U.S. military will have only one aircraft carrier positioned in the Persian Gulf region for the first time in two years. At the same time, the Iranian navy said it was kicking off a 10-day exercise in the region. Oil prices spiked when Iran early …

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Nov 25

Iran Economy Latest News 2012/11/25

Iran Economy Latest News _______________________________ _ Ayatolah Khamenei halts Iran president’s grilling by parliament (msn news) The decision was announced after Ayatolah  Khamenei was quoted on his website, Khamenei.ir, as saying, “I ask lawmakers not to pursue” the planned questioning. Ayatolah Khamenei has the final word over all state matters in the Islamic republic. A petition submitted …

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Nov 21

Iran’s Untouchable Energy Exports

Iran’s Untouchable Energy Exports Few people are aware that Iran is currently subjected to not one, but three sets of sanctions imposed by U.S., the United Nations and the European Union, the latter two over concerns about Iran’s civilian nuclear energy program, which both Washington and Israel allege masks a covert nuclear weapons program, a …

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Nov 20

Iran Economy Latest News 2012/11/20

_ Iran Begins Construction On $3 Billion Gas Pipeline To Syria (ECONOMY WATCH) Iran has begun construction on a 225km pipeline that will take 20-25 million cubic meters of natural gas per day from the Persian Gulf to Syria via Iraq, reported the semi-official Fars News Agency on Monday. The announcement came just after a pledge from …

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Nov 19

Iran Using an Insurance Scam to Cover its Oil Tankers

Is Iran Using an Insurance Scam to Cover its Oil Tankers? An interesting article has today been published by Forbes which investigates the possibility that Iran has set up a false insurance company, offering illegal insurance policies, in order to circumvent the EU sanctions and enable the Persian State to continue exporting its crude. Very Large Crude …

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Nov 18

Iran Human Development Index

chart

Definition of ‘Human Development Index – HDI’ A tool developed by the United Nations to measure and rank countries’ levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita. The HDI makes it possible to track changes …

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Nov 17

Iran Economy Latest News (2010/11/17)

_ Iran’s death spiral: Country’s rial has seen accelerated slide since September (Gulf News) Since early September, there has been an accelerated slide in the value of the Iranian rial. This slide has been punctuated by dramatic collapses in the demand for the rial. With each collapse, there has been something akin to a “bank run” on …

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Nov 13

Iran Economy Latest News 2012/11/13

_Iran’s parliament postpones second round of subsidy cuts (Washington Post) An Iranian lawmaker says the country’s parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking already rampant inflation. The head of the parliamentary budgetary and planning committee Gholam Reza Mesbahi Moghaddam told the semiofficial Mehr news …

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Nov 12

Iran Economy Latest News – 2012/11/12

  _ The inflation rate in Iran rose by 1.4 percent in the sixth Iranian calendar month (Tehran Times) The Central Bank of Iran has reported that inflation rate has been rising since the beginning of the current year, so that the rate was 21.8 percent in the first calendar month of Farvardin. The intelligence …

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Nov 05

Iran parliament summons Ahmadinejad to explain his economic policies

Iran”s parliament on Sunday told President Mahmoud Ahmadinejad he must appear before the assembly within a month to explain his economic policies at a time of crisis, his second such summons in less than a year. Ahmadinejad”s conservative rivals in the 290-seat assembly have harshly criticised his handling of an economic crisis that they blame …

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Oct 21

Iran Real Growth Rate Between 2001 to 2010

Definition of ‘Real Economic Growth Rate’ A measure of economic growth from one period to another expressed as a percentage and  adjusted for inflation (i.e. expressed in real as opposed to nominal terms). The real economic growth rate is a measure of the rate of change that a nation’s gross domestic product (GDP) experiences from one year to another. Gross national product …

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Oct 21

Iran Regional GDP in Chin-Weighted Method Between 2001 to 2010

Chain Base Method             In this method, there is no fixed base period. The year immediately preceding the one for which price index have to be calculated is assumed as the base year. Thus, for the year1994 the base year would be 1993, for 1993 it would be 1992 for 1992 it would be 1991 …

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Oct 20

Iran Regional GDP in Fixed-Base Year Method Between 2001 to 2010

Fixed Base Method             In fixed base method, a particular year is generally chosen arbitrarily and the prices of the subsequent years are expressed as relatives of the prices of the base year. Sometimes instead of choosing a single year as the base, a period of a few years is chosen and the average price …

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Oct 14

Program Schedule

Soon this category will provides analysis and news about Iran economy.

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