Iran Central Bank forecasts annual 22 percent inflation in rare move

Iranians shop at an open market in the Islamic republic's capital Tehran, on April 24, 2019. (AFP) May 27, 2020 In a rare move, Iran's Central Bank (CBI) has announced its forecast about the country's annual inflation rate, saying it expects 22 percent rise in prices the current Iranian year. According to the [...]

By |May 27th, 2020|Iran|

Iran’s newly elected parliament convenes despite pandemic

Lawmakers are sworn in during the inauguration of Iran's new parliament, in Tehran, Iran, Wednesday, May, 27, 2020. (AP) May 27, 2020 Iran’s newly elected parliament convened on Wednesday, dominated by conservative lawmakers and under strict social distancing regulations, as the country struggles to curb the spread of the coronavirus that has hit [...]

By |May 27th, 2020|Iran|

Iran’s main oil company owes $34-billion to the banking system

The National Iranian Oil Company receives only 14.5 percent of oil revenues. (AP) By Pooya Stone May 27, 2020 In its May 25 report, the research center of the Iranian Parliament (Majlis) announced that the National Iranian Oil Company (NIOC) owes $34 billion to the country’s banking system including the Central Bank of [...]

By |May 27th, 2020|Iran|

Rouhani concerned about new hardliner-dominated parliament

Iranian President Hassan Rouhani appeared before parliament on Aug. 28, 2019 to defend his government's handling of Iran's economic crisis. (MEHR) By Behrouz Turani May 27, 2020 Iran's President Hassan Rouhani and his Chief of Staff Mahmoud Vaezi have been sending mixed messages to the country's new Islamic Republic Parliament ahead of its opening [...]

By |May 27th, 2020|Iran|

Iran eases restaurant curbs as virus claims 57 more lives

A coronavirus victim in Iran before burial without a family funeral. April 28, 2020 (IRNA) May 26, 2020 Iran further eased restrictions aimed at curbing the spread of the novel coronavirus Tuesday by allowing restaurants to accept customers, as it announced another 57 deaths from the virus. Since the first cases of COVID-19 [...]

By |May 26th, 2020|Iran|

The murder of a 13-year-old girl by her father has shaken Iran

Thirteen-year-old student Romina Ashrafi was arrested for falling in love and fleeing to marry a boy she loved. (Supplied) By Maryam Dehkordi May 26, 2020 The murder of a 13-year-old girl by her father has sent shockwaves around Iran, prompting widespread debate as well as contradictory accounts of the events leading to the [...]

By |May 26th, 2020|Iran|

Iran regime heightens persecution of Iranian Sunnis

Iranian Sunnis are not allowed to have a mosque in the capital Tehran despite several requests by Sunni religious leaders. (ISNA) May 26, 2020 The Iranian regime has increased its persecution of Iranian Sunnis in southwestern and southeast Iran, which have large Sunni populations. Iranian Sunnis make up about around 10% of the [...]

By |May 26th, 2020|Iran, Minorities|

Iran’s Central Bank to merge several military-owned banks amid economic crisis

Abdolnaser Hemmati-Governor of Central Bank of Iran. (MIZAN) May 26, 2020 The Governor of the Central Bank of Iran (CBI) announced on Monday that two banks owned by the country's armed forces will be merged into Sepah Bank in the next ten days. According to Abdul Nasser Hemmati, Mehr Eghtesad Bank and Hekmat [...]

By |May 26th, 2020|Iran|

Iran arrests ‘large group of people’ for dancing in the streets

Screen grab from video showing people dancing in Urmia. May 13, 2020. (Social Media) May 26, 2020 The chief of police in Iran’s West Azerbaijan province says security forces arrested "a large number" of people who danced in a promenade on eve of religiously sensitive date. The night before 21st of Ramadan is [...]

By |May 26th, 2020|Iran|

Protests for lack of drinking water turns into hot discussion among Iranians

Many have reacted to the news of clashes attributing the shortage of fresh water in the area to the government's incompetence. (Supplied) May 26, 2020 A clash between protesters demanding drinking water and security forces in southwestern Iran has turned into the hottest issue on Iranian social media. On Saturday May 23, security [...]

By |May 26th, 2020|Iran|