Friday, April 12, 2024

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...

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...

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...

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...

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...

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By Kayhan Life Staff Nearly $144 million in cash investments in stocks were withdrawn from Tehran Stock Exchange (TSE) on May 7 and 8, Eghtesad-24 online newspaper reported.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...

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...

Iran’s Currency Slides to Record Low As Savers Buy Dollars

DUBAI, Feb 25 (Reuters) - Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and...