Iran: The Dissipation of Eight Banks in the 11th Government

NCRI - According to the state-run Fars news agency, affiliated to Revolutionary Guards (IRGC), the review of the Iranian banks’ financial statements from 2013 to various seasons of 2016 shows that the banks' profits have fallen sharply during this time period, and even some banks have suffered heavy losses.

Latest reports indicate that at least eight banks have suffered losses, and it appears that if there are audited financial statements for all banks in the year 2016, the number of banks that suffered heavy squandering will increase substantially.

Read more: Iran: The Dissipation of Eight Banks in the 11th Government

Iran: Ongoing Bankruptcy of the Factories and Unemployment Crisis

NCRI - With the closure of the Asal (honey) ice cream factory in the city of Sanandaj, in Kurdistan province, 120 workers of this old factory were unemployed. The employer says: “The facilities that were promised to us were not paid.”

The state-run ILNA news agency reports that the ice cream factory “Honey of Kurdistan” has been closed for months, and workers are unemployed for nearly five months.

Read more: Iran: Ongoing Bankruptcy of the Factories and Unemployment Crisis

The Chinese Government Blocks Iranian Accounts

NCRI - According to the Iranian regime’s state-owned media on August 7, 2017, China has announced an unprecedented measure of blocking accounts of affiliated Iranian authorities due to US-imposed international sanctions.

The state-run Mehr news agency wrote: “China has blocked Iranian accounts in ABC, ICBC, and MERCHANT banks.”

Read more: The Chinese Government Blocks Iranian Accounts

4.5 Million Graduates out of Work: 10 Reasons Behind Iran's Graduates Employment Crisis

NCRI - With unemployment turned into Iran’s national crisis and a significant part of the unemployed being university graduates, the question kept being asked is why unemployment rate among country’s university graduates is on the rise?

Unemployment crisis is the issue which has always been the subject of economic experts’ discussions. Job market experts believe that along with fundamental changes the country’s employment space has experienced over the past couple of decades, it has also suffered serious damages as much.

Read more: 4.5 Million Graduates out of Work: 10 Reasons Behind Iran's Graduates Employment Crisis

Iran: Ongoing Demises Due to Lack of Control Over Safety Measures

NCRI - 5 working-class laborers have lost their lives during work on Thursday, August 3, 2017, due to lack of safety controls, according to the reports.

The state-run ILNA News in a report on Thursday, August 3, 2017, wrote, "The three workers were buried under the flying debris caused by the excavation operation in Garmdareh, Alborz Province. The bodies were taken out of the rubble in hours."

Read more: Iran: Ongoing Demises Due to Lack of Control Over Safety Measures

The Average Life Span of a Building Is 25 Years in Iran; One-Third of the Global Standard

NCRI - The state-run Mehr News on August 2, 2017, writes, "The life span of buildings reach 25 to 35 years in the country while some countries have buildings with life spans of 200 to 300 years; a number that is far from Iran's figure.

The life spans of buildings in Iran are one-third of the global standard whereas the number of 100-year-old buildings increases in the world. The life spans of buildings in Iran are estimated at 30 years on average. It is even anticipated that this figure reaches to 20 years as a number of unskilled and inefficient people are entering the construction market."

Read more: The Average Life Span of a Building Is 25 Years in Iran; One-Third of the Global Standard

The Two-Digit Inflation Rate in Iran

NCRI - The Central Bank of Iran announced the inflation rate at 10.3% in June 2017; a two-digit increase in the index. The Government's Spokesman, Mohammad Bagher Nobakht had earlier quoted the Statistical Center of Iran that the inflation rate reached 7.6% in June. The figures presented by two economic centers on the inflation rate of this month vary by 2.7%.

Read more: The Two-Digit Inflation Rate in Iran

Confession of an Iran Regime's MP to 600 Billion Tomans (~ $170 Million) Plunder Case of the Police

NCRI - According to the Arman newspaper, July 25, 2017, Gholamreza Heidari, a member of the regime's parliament, admitted that the Court of Audit had ordered the detention of some former commanders of the police in the 600 billion-tomans oil sale case.

Tehran's representative in the regime's parliament wrote on his telegram channel:

Read more: Confession of an Iran Regime's MP to 600 Billion Tomans (~ $170 Million) Plunder Case of the Police

A Look at Iran's Economy Last Week

NCRI - According to Iranian regime’s Ministry of Roads and Urban Development, 33 percent of Iranian people, nearly 26 millions, live below poverty line.

Mohammad-Bagher Ghalibaf, regime’s mayor of Tehran and candidate in regime’s sham presidential election, had previously spoken of 25 million absolutely poor Iranians who can’t even afford their daily meals. Besides, such figures are usually less than the real ones when announced by regime officials.

Read more: A Look at Iran's Economy Last Week

Iran news in brief

Iran: Tehran's Iconic High-Rise (Plasco Building) Collapsed Due to Fire

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