Iran’s Proposed Budget Cannot Meet Fiscal Targets, Economists Warn
By Roshanak Astaraki
Several prominent economists are warning that the government’s 2020-21 budget will not meet its revenue projections or cover its fiscal spending.
Former Deputy Minister of Economic Affairs and Finance Heidar Mostakhdemin Hosseini is...
Iranian Fashion Designer Farnaz Salmani Showcases Winter Collection in Istanbul
By Roshanak Astaraki
Iranian fashion designer Farnaz Salmani has unveiled her winter collection at Hangarist Exhibition Hall in Istanbul, Turkey, Anadolu Agency (AA) reports.
Ms. Salmani’s latest line included 23 different gown and shoe designs. Salmani...
Iranian Experts Write to Rouhani Proposing Solutions to Iran’s Economic Woes
By Roshanak Astaraki
A group of 24 economists have written an open letter to President Hassan Rouhani listing 10 steps that his government can take to solve the country’s economic problems, the semi-official Fars news...
Iran’s Travel Industry In a Slump After Ukrainian Plane Crash
By Roshanak Astaraki
The Iranian tourism industry has suffered significant financial losses after European airlines suspended all flights to the country in the aftermath of the crash of a Ukrainian passenger plane near Tehran’s Imam...
European Passenger Planes Warned Against Flying Over Iranian Airspace
By Roshanak Astaraki
The European Union Aviation Safety Agency (EASA) has advised all European airlines to avoid Iranian airspace until further notice, Reuters reports.
“The advice expands on an earlier EASA recommendation that national authorities bar...
Iran’s Guardian Council Approves New Funding for Qods Force After Soleimani’s Death
By Roshanak Astaraki
On January 7, the Guardian Council fast-tracked into law the emergency-3 “Reciprocal Amendment Bill in Response to the U.S. Designating the IRGC a Terrorist Organization” which the Majlis (Iranian Parliament) had...
Iranian Stocks Fall Amid Heightened Tensions with the U.S.
By Roshanak Astaraki
The Iranian stock market fell and gold prices rose following a U.S. drone strike at Baghdad’s International Airport on January 3 that killed the commander of the Islamic Revolutionary Guards Corps’ Qods...
Iranian Banks Facing Severe Cash Shortage, Expert Says
By Roshanak Astaraki
Under international trade laws, most if not all Iranian banks should have filed for bankruptcy by now, given that they lack the minimum cash reserves required to meet international banking requirements, Ahmad Hatami-Yazd, the former manager...
More Than Half a Million Iranian Families Forced into Poverty in 2019, Official Says
By Roshanak Astaraki
During a Dec. 11 cabinet meeting, Iranian President Hassan Rouhani said the director of the Imam Khomeini Relief Foundation Morteza Bakhtiari had assured him that extreme poverty had been completely eradicated in...
Iran’s 2020-21 Budget Earmarks Substantial Funds for Iran Religious Organizations
By Roshanak Astaraki
Iranian President Hassan Rouhani submitted his government’s 2020-21 draft budget of nearly $39 billion to the Majlis (Iranian Parliament) on December 8. The start of the budget year is March 21, coinciding...
