Islamic Republic Ministries, Central Bank Implicated In $3.37 Billion Corruption Scandal
By Roshanak Astaraki
The Islamic Republic of Iran’s ministries, customs office and central bank are implicated in a $3.37 billion corruption scandal centered on tea imports and orchestrated between 2019 and 2022 by the Debsh...
Iranian Currency Falls to Record Low amid Isolation and Sanctions
DUBAI, Jan 21 (Reuters) - Iran's troubled currency fell to a record low against the U.S. dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of...
Gender Inequality in Iran Worsens; Female Unemployment On the Rise
By Kayhan Life Staff
There is an increasing gender gap in Iran’s labor market, with women's share of the workforce significantly smaller than men’s, and female unemployment on the rise, according to data from the...
Sri Lanka Set to Start Tea-for-Oil Barter With Iran Next Month
By Uditha Jayasinghe
COLOMBO, June 23 (Reuters) - Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit...
Iran’s Food and Drug Prices Have Tripled Since 2020
By Kayhan Life Staff
Iranian households, particularly those living in major metropolitan areas and cities, are struggling with food and medicine shortages, and increasing prices of goods.
According to the latest reports, the Consumer price index...
China Pulls Out of Oil Deal with Iran
By Kayhan Life Staff
China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...
OPINION: Iran Could Profit From Its Natural Gas Resources, Export Electricity
By Dr. Taghi Alereza
Iran, after Russia, has the largest natural gas reserves in the world. Due to a number of issues, however, the country has not been able to benefit from these vast resources.
Iran...
Iran’s Millionaires Multiply As 30% of Population Lives Below Poverty Line
By Kayhan Life Staff
In its May 26 report, the Majlis (Iranian Parliament) Research Center said the poverty rate in Iran had increased from 19 percent to 30 percent in the past decade, i.e., 30...
INTERVIEW: Economist Hassan Mansoor Analyzes Iran’s ‘Productivity Plan’
By Kayhan Life Staff
The government of President Ebrahim Raisi recently announced its intentions to continue the implementation of the “Productivity Plan” aimed at generating revenue for the government by selling unused assets, including state-owned...
Tehran, Moscow Link Banking Systems amid Western Sanction
DUBAI, Jan 30 (Reuters) - Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under...
