Wednesday 18th Jul 2018 

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SWIFT Ban Is Key to Curbing Iranian Regime

SWIFT ban is key to curbing Iranian regime

By Staff Writer

At the beginning of the nineties, Iran joined the Society for the Worldwide Interbank Financial Telecommunication, or SWIFT as it is better known. SWIFT allowed Iran to link its major banks to the international financial network.

However, a decade after joining SWIFT, the United States put pressure on the company to sever links with Iran because of its nuclear program. This effectively cut off Iran’s access to world banking. Restrictions were lifted when the 2015 Iran nuclear deal was implemented, giving a major boost to the Iranian regime.

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Iran: ZTE Corporation May Face Ban Again

Iran: ZTE Corporation May Face Ban Again

By Staff Writer

ZTE Corporation, the Chinese multinational telecommunications equipment and systems company, one of the country's leading telecom equipment manufacturers, was caught and fined for exporting US technology illegally to Iran.

It was ordered to reprimand the employees responsible for this, including withholding bonuses, but it failed to do so. It was announced earlier this year that the US Department of Commerce was therefore banning American companies from exporting to ZTE for seven years.

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Why Foreign Investors Avoid Iran’s Market?

Iran’s economy

By Staff Writer

While Iran’s economy desperately needs macro investments, the official figures show that even the 2015 nuclear deal, aka JCPOA, has failed to pump necessary capital into the country’s economic arteries.

Meanwhile, the consequences of the US withdrawal from the deal will make it even more difficult for the Iranian regime to absorb foreign investors.

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Iran: Economic Uncertainty Following Trump’s Decision to Exit Nuclear Deal

Trump-Iran Nuclear Deal-oil

By Staff Writer

For weeks the crude oil prices have been rising. They were even breaching the US$80 a barrel mark. However, the situation is now going the other way. The rise was a direct effect of the cutback in production of almost 2 million barrels a day.

The Organisation of Petroleum Exporting Countries (OPEC), along with other producers including Russia, is trying to clear the huge inventory that has built up and to arrest the price fall from 2015.

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Iran Economy: Situation Worsens

Iran Economy-Situation Worsens

By Staff Writer

The Iranian economy is in an extremely delicate position. The situation is getting even more fragile by the re-imposition of the United States sanctions on Iran.

A report was published a few days ago by Iranian Regime’s Parliament Research Center indicating several reasons for the depreciation of the Iranian currency. The report also drew attention to the capital flight that was recently highlighted by Iranian officials.

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More Companies Pull out of Iran Due to US Sanctions

Russian oil giant Lukoil-Iran

By Staff Writer

As US sanctions on Iran loom overhead, more and more companies are slowing down or pulling out of trade deals with the mullahs’ regime.

The latest companies to react to the planned reintroduction of sanctions are Russian oil giant Lukoil, which has put its Iranian projects on hold, and India's Reliance Industries, which owns the world's largest oil refining complex, is planning to stop buying oil from Iran, according to Reuters.

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Iran: 4 Provinces Are in Severe Food Crisis!

By Staff Writer

Poverty is now apparent in the form of a food crisis in many of Iran’s provinces.

In a country with such massive reserves of oil and gas, the phenomenon of “poverty” must be directly correlated with “social inequality”; social inequality can be found in all areas of life, be it “social opportunities, work, education, culture, economy, or nutrition”.

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