Iran’s Parliament Proposes Bill Exempting Luxury Homes From Property Tax
By Kayhan Life Staff
The Majlis (Iranian Parliament) passed a proposed bill on Feb. 26 exempting owners of luxury homes valued higher than $353,000 (based on the current exchange rate of 56,700 tomans to a...
Iranian Government and Parliament Clash Over Budget Deficit
By Kayhan Life Staff
The Iranian government’s economic team and the Majlis (Iranian Parliament) have been engaged in a dispute that has escalated in recent days.
Majlis deputies reviewing the government’s budget bill have been concerned...
Iran Is Experiencing Large-Scale Capital Flight, Expert Says
By Kayhan Life Staff
Massoud Khansari, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, said recently that $10 billion in financial assets left Iran every year. He warned that large-scale capital...
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...
Russia Strengthens Its Banking Presence in Iran
May 17 (Reuters) - Russia's second-largest bank VTB VTBR.MM has opened a representative office in Iran, an Iranian official said on Wednesday, as Moscow and Tehran, both restrained by Western sanctions, seek to improve trade and transaction capabilities.
State-owned...
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...
Iranian Hospitals Face Shortages of Drugs and Medical Equipment
By Kayhan Life Staff
The chronic economic crisis in Iran has impacted the country’s healthcare systems, with state and private hospitals facing a shortage of medicine and medical equipment.
While patients face massive medical bills, hospital...
Tehran Stock Exchange Tumbles As Retail Investors Withdraw Large Amounts
By Kayhan Life Staff
Nearly $144 million in cash investments in stocks were withdrawn from Tehran Stock Exchange (TSE) on May 7 and 8, Eghtesad-24 online newspaper reported.
(The conversions are based on the current exchange...
Iran’s Parliament to Debate Proposal to Curb Hijab Violators’ Civil Rights
By Kayhan Life Staff
The Majlis (Iranian Parliament) is preparing to debate a proposal on depriving hijab violators of social services, Mousa Ghazanfarabadi, the chair of the Majlis’ Judicial and Legal Commission, has said.
In comments...
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,...
