Iran economy - page 3

EghtesadOnline: Protectionism undertaken by a government to restrict international trade, often done with the intention of protecting local businesses and jobs from foreign competition, hurts Iranian consumers.

EghtesadOnline: Yahya Al-e Es’haq, the former head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, believes the reinstatement of Commerce Ministry is key to solving economic problems in Iran.

EghtesadOnline: The landslide reelection of Iran’s president, Hassan Rouhani, reflects the by now familiar pattern of continuity and change that has characterized Iran’s major elections over the last two decades, reads an article penned by director of London Middle East Institute, Hassan Hakimian, and published by international media organization Project Syndicate. According to Financial Tribune, excerpts of the article follow:

EghtesadOnline: First Vice President Es’haq Jahangiri has tasked the Ministry of Economic Affairs and Finance with implementing 14 priority projects in the current Iranian year (March 2017-18).

EghtesadOnline: Iranian business leaders were relieved on Saturday after moderate President Hassan Rouhani, a proponent of foreign investment and engagement with the world, had secured another four years in office, the Wall Street Journal wrote in an article. According to Financial Tribune, excerpts follow:

EghtesadOnline: Iran voted on Friday in an election, the result of which will decide the direction of an economy still recovering from years of crippling sanctions—a state of affairs revealed in the charts below, reads a Financial Times article. Below is the full text:

EghtesadOnline: The achievements of recent years, including the Joint Comprehensive Plan of Action, macroeconomic stability, Health Overhaul Plan and export of 1 million barrels of oil are all valuable but transient, if not protected by a prudent administration.

EghtesadOnline: Critics of President Hassan Rouhani have argued that the rise in imports over the past few years has thwarted the realization of what they call a self-sustained, self-sufficient economy.

EghtesadOnline: Iran’s more historically reliable opinion polls indicate President Hassan Rouhani is likely to win his bid for re-election on Friday. Yet his conservative challengers have put up a stronger fight than many expected, attacking his government’s economic record and accusing him of failing to improve living standards for the poor.

EghtesadOnline: The economic outcomes of the Joint Comprehensive Plan of Action (JCPOA) reached between Iran and Group 5+1(US, UK, France, Russia and China plus Germany) is undeniable, Majlis (parliament) First Vice-Speaker Massoud Pezeshkian said.

EghtesadOnline: Poverty takes the center stage in Iran's presidential campaigning as candidates travel across the country to take their message to the voters ahead of an expected close race on Friday.

EghtesadOnline: Oil share in Iran's economy has been decreased to about 20 percent which is a reasonable figure compared to the resource-rich countries, said Vice-President for Science and Technology on Wednesday.

EghtesadOnline: Recent statistics and evaluations by the international organizations indicate a dramatic improvement of the Islamic Republic of Iran in the realm of national economy by taking the various indices into consideration.

EghtesadOnline: A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6% by the end of the current Iranian year (March 20, 2018).

EghtesadOnline: Head of Executive Board of the Industrial Development and Renovation Organization (IDRO) Mansur Moazami called Joint Comprehensive Plan of Action as a golden and exceptional opportunity for developing economy of the country and complained instead of appreciation for opening South Pars phases.

EghtesadOnline: Iran is in the midst of an intense presidential election campaign with six candidates pledging how they would address the country’s economic issues through their respective policies. While incumbent Hassan Rouhani and First Vice President Es’haq Jahangiri are focused on justifying a continuation of their government’s economic policies, the other four candidates are presenting economic remedies that need to be scrutinized, especially through the lens of whether they would actually be feasible and also whether they present real solutions to the country’s complex economic issues

EghtesadOnline: It has been said time and again that Iran's economy has been struggling with recession for the past few years.

EghtesadOnline: Iran will hold a presidential election in less than three weeks. The six candidates approved on April 20 by the country’s Guardians Council will likely center their campaigns on what matters most to voters: the Iranian economy.

EghtesadOnline: Aryan, a 26-year-old with a master’s degree in engineering, showed impeccable timing when he returned home to Tehran from Canada. It was early 2016, and a decade of economic sanctions was drawing to an end, boosting Iran’s economy and kicking off a scramble for the country’s small pool of white-collar professionals. The job offers piled up. “Abroad, you’re a small fish in a big pond,” says Aryan as he unwinds in a garden cafe after a day spent drafting investment strategies for clients of the European consulting firm he works for. (He asked that his last name and the name of his employer be withheld.) “Here, each person can be the first to launch something or become a leader in their field.”

EghtesadOnline: Achieving sustainable growth is the biggest challenge facing the Iranian economy, an economist said.