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A unique feature of Iran's economy is the reliance on large religious foundations called bonyads, whose combined budgets represent more than 30 percent of central government spending. [ 32 ] In 2007, the Iranian subsidy reform plan introduced price controls and subsidies particularly on food and energy .
In 2015, during Iran’s nuclear deal with world powers, the rial was at 32,000 to $1. On July 30, the day that Iran’s reformist President Masoud Pezeshkian was sworn in and began his term, the ...
Iran’s president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%. The remarks by Masoud ...
Widespread discontent over the cratering economy, years of mass protests rocking the country, and tensions with the West over Tehran's nuclear program and Iran's support for Russia in its war on ...
Recording a growth of -5.8 percent in 2012, Iran's economy experienced the steepest recession since the end of Iran-Iraq War. Although, in the first half of 2013, Iran's economic growth, with a slight change, recorded a rate of -3.1 percent, negative economic growth figures have been recorded ever since.
The Tribune has been actively covering news about Iran's re-engagement with the global economy following the lifting of the sanctions in January 2016, including Iran's airplane deals, banking relations, bilateral trade, auto deals, and international cooperation in oil, gas and renewable energies.
Starting now, Trump should warn everyone aiding Iran’s economy to end their business immediately or face painful penalties on day one of his presidency, and he can curtail the regime’s ...
Iran's long-term objectives since the 1979 revolution have been economic independence, full employment, and a comfortable standard of living for citizens, but at the end of the 20th century, the country's economic future faces many obstacles. Iran's population more than doubled in a 20-year period, with an increasingly young population ...