Saturday 23rd Mar 2019 

  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian
  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian

News: Iran Economy

A dozen Iranian cities suffered gas cuts amid freezing winter temperatures

TEHRAN (AFP) - A dozen Iranian cities suffered gas cuts on Monday amid freezing winter temperatures after Turkmenistan completely halted the export of gas to its southern neighbour, energy officials said.

"Turkmenistan reduced its exports to Iran by half two days ago but since Sunday afternoon, the exports have completely ceased," said a spokesman for the National Iranian Gas Company, quoted by the state broadcaster.

Print Email

Iran Opposition Says Elite Militia Tightening Grip On Economy

Hossein Abedini of NCRI's Foreign Affairs CommitteeBy Selina Williams

LONDON (Dow Jones)--An Iranian opposition group alleged Thursday that new information contained in a confidential government report obtained by the opposition showed the country's elite Revolutionary Guards militia force had tightened its grip on the Iranian economy.

Print Email

G-7 Ministers urge banks to weigh `risks' of dealing with Iran

By Kevin Carmichael and Rainer Buergin
Source: Bloomberg
Oct. 19 (Bloomberg) -- Group of Seven finance ministers and central bankers for the first time in at least two decades rebuked Iran, calling on banks worldwide to be wary of risks associated with doing business with the Islamic republic.

U.S. Treasury Secretary Henry Paulson, French Finance Minister Christine Lagarde and their counterparts from five other wealthy countries praised the Paris-based Financial Action Task Force, a 34-government agency that last week concluded Iran represents a ``significant vulnerability'' to the international financial system.

Print Email

Capital flight: A growing phenomena in Iran

Capital flight: A growing phenomena in IranBy Reza Shafa

Around 400,000 Iranians play a major role in the United Arab Emirates economy today. Since Ahmadinejad's ascendancy to power two years ago, the figure has doubled. The Iranians have invested billions of dollars in UAE because of fear over the feature economic uncertainties in Iran.

Print Email

Iran central bank governor steps down

Source: Agence France Presse
By: Farhad Pouladi

TEHRAN --  The head of the Iranian central bank has resigned, the third departure of a key economic policymaker from President Mahmoud Ahmadinejad's administration in just two weeks, the official IRNA agency reported Sunday.

Print Email

Big German Banks to Sever Most Iran Ties

by GLENN R. SIMPSON and DAVID CRAWFORD
Source: The Wall Street Journal
Deutsche Bank AG and Commerzbank AG, the two largest European banks to continue doing business with Iran despite recent U.S. pressure, say they will end most of their ties to Iranian companies.

The loss of ties to the two German banks could prove a serious blow to Iran unless it can quickly line up other banks to facilitate the country's international commerce. Iran transfers money through euro-denominated accounts at the two German banks and relies on them to finance trade deals, according to counterterrorism officials who monitor the global financial system.

Print Email

Contact Us

Copyright © 2019 NCRI - National Council of Resistance of Iran. All Rights Reserved.