U.S. Lifts Iran Sanctions on One Unit of Chinese Shipping Giant COSCO
By Humeyra Pamuk and Timothy Gardner
WASHINGTON, Jan 31 (Reuters) - The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO, the Treasury said, partially reversing...
U.S. Renews Waivers on Iran Nuclear Work, but Sanctions Top Iran Nuclear Official
By Humeyra Pamuk and John Irish
WASHINGTON/PARIS, Jan 30 (Reuters) - The Trump administration on Thursday said it will allow Russian, Chinese and European companies to continue their work at Iranian nuclear sites, arguing that...
Iranian Families Pushed Below Poverty Line By Low National Minimum Wage
By Reza Hamidi
A recent report by the United Nations International Labor Organization (ILO) ranks Iran as having one of the lowest national minimum wages in the region.
Data shows that the annual minimum wage is...
Arabs Prioritise Key Ties With U.S. Against Iran in Reacting to Trump Peace Plan
By Stephen Kalin and Amina Ismail
RIYADH/CAIRO, Jan 29 (Reuters) - Arab powers appear to be prioritising close ties with the United States that are vital to countering Iran over traditional unswerving support for the Palestinians in...
Iran Lawmakers Call for Debate on Quitting Nuclear Arms Treaty
DUBAI, Jan 28 (Reuters) - A group of Iranian lawmakers on Tuesday asked parliament to debate a motion for Iran to quit a treaty governing global nuclear arms control, a move apparently aimed at pressuring European powers...
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...
ANALYSIS: Iran Faces Pressure As European Governments Lose Patience
By Hamed Mohammadi
The Speaker of the Majlis (Iranian Parliament) Ali Larijani has criticized France, Germany and the UK for triggering Article 37 -- the dispute mechanism, or Snap Back mechanism, stipulated in the 2015...
Iran Must Develop Toy Industry to Boost Its Non-Oil Economy, Vice President Says
By Reza Hamidi
In 2019, China generated more revenue from selling its domestically manufactured toys than Iran did from exporting its oil, Iranian Vice President for Economic Affairs Mohammad Nahavandian has said.
Mr. Nahavandian made the...
ANALYSIS: Iran’s Economy Suffers from Government’s Revolutionary Aspirations
By Roshanak Astaraki
Iranian President Hassan Rouhani has voiced optimism about the future of the country’s economy, despite a recent report by the Statistic Center of Iran showing the annual inflation rate reaching 42 percent...
Iran Economy to Shrink 9.5% This Year Amid Tighter U.S. Sanctions, Says IMF
DUBAI, Oct 15 (Reuters) - Iran's economy is expected to shrink by 9.5% this year, the International Monetary Fund (IMF) said, down from a previous estimate of a 6% contraction, as the country feels the...
