Friday, May 3, 2024

Iran’s Economic Crisis Will Spark Massive Protests, Expert Says

By Kayhan Life Staff Chronic mismanagement of Iran’s domestic and foreign policy by successive governments, and the failure of the current President Ebrahim Raisi and his cabinet to strike a new nuclear deal with the...

Iran to Start Accepting Russian Mir Payment Cards Soon -Official

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, July 27 (Reuters) - Iran will soon start accepting payments made with Russia's Mir bank cards, a top official...

Iran Hyperinflation Sends Food Prices Soaring By As Much As 332%

By Kayhan Life Staff A recent report by the Statistical Center of Iran (SCI) listed 53 food products affected by rising inflation in cities across the country, with 37 items experiencing a price hike of...

Islamic Republic’s Labour Minister Resigns Amid Protests Against Soaring Living Costs

June 14 (Reuters) - Iran's labour minister resigned on Tuesday amid daily nationwide protests by pensioners, merchants and workers against soaring living costs. While it was not clear if Hojatollah Abdolmaleki’s resignation was directly related to the...

ANALYSIS: Iranians Face Severe Economic Hardship As Prices Soar

By Roshanak Astaraki   Since the start of the current Iranian year on March 21, economic conditions in Iran have taken a turn for the worse. While wages have increased by 57 percent in the past two...