Iran Business and Economic News Headlines - December 9

Iran Business and Economic News Headlines - December 9
Iran Business and Economic News Headlines - December 9

President Hassan Rouhani: The US withdrawal from JCPOA and reinstatement of sanctions against the Islamic Republic of Iran are undoubtedly a clear instance of 'economic terrorism'. (Fars News Agency)

  • The governor of the Central Bank of Iran, Abdolnasser Hemmati: The Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the central bank to boost the value of rial. (IRNA(
  • Head of the Atomic Energy Organization of Iran, Ali Akbar Salehi: The 'Special Purpose Vehicle' – a transaction channel being designed by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanction – will become operational by the end of 2018. (Mehr News Agency)
  • First Vice President Es’haq Jahangiri: When it comes to transportation, Iran is not sanctionable. (Mehr News Agency(
  • Deputy Head of Plan and Budget Organization, Hamid Pourmohammadi: Supporting Iranians' livelihood in the face of US sanctions is a special feature of the next fiscal budget bill. (ILNA)
  • Head of Plan and Budget Organization, Mohammad Baqer Nobakht: A total of 70 trillion rials (around $600 million) will be allocated to the fight against poverty as per the next [Iranian fiscal] year's (March 2018-19) budget bill. (Mehr News Agency)
  • Minister of Industries, Mining and Trade Reza Rahmani: Protecting domestic production and manufacturers are the central aspects of the next year’s budget bill. (ILNA)
  • Head of Administrative and State Recruitment Organization of Iran, Jamshid Ansari: A 20% pay rise in civil servants’ salaries has been planned for next [Iranian fiscal] year (starting March 21, 2019). (IRNA)
  • Managing Director of Iran Fara Bourse, Amir Hamouni: Return on investment in Iran Fara Bourse has increased by 70% since the beginning of the current year (March 21). (ILNA)
  • Iranian envoy to Iraq, Iraj Masjedi: Iran’s non-oil exports to Iraq are excepted to rise to between $8.5 billion and $9 billion this [Iranian fiscal] year (to end March 20) as compared to last year's $6.5 billion. (IRNA)
  • Minister of Roads and Urban Development, Mohammad Eslami: One of the ministry’s main priorities is to complete Iran's transit corridors. (IRNA)
  • Member of Iran Textile Exporters and Manufacturers Association, Majid Nami: As much as $3 billion worth of clothing are smuggled into Iran every year. (IRNA)
  • Information and Communications Technology Minister, Mohammad Javad Azari Jahromi: Cell phone prices are bound to decline soon. (Mehr News Agency)
  • Armenia's acting Prime Minister, NIkol Pashinyan: The agreement on free trade zone is a good opportunity for Iran to start an effective partnership with the Eurasian Union. (Russia24 television)
  • Deputy head of the Islamic Republic of Iran Railways Hossein Ashouri: Around 90% of Iran's incoming and outgoing good in transit pass though Bandar Abbas port city. ( 
  • Head of the Department of Environment, Isa Kalantari: That Iranians have no choice but to use domestic petrol and cars is to blame for the country’s air pollution. (ILNA)
  • Deputy Minister of Roads and Urban Development, Habibollah Taherkhani: The ministry has laid the foundations for the construction projects of at least 50,000 new homes in new towns this [Iranian fiscal] year (March 2018-19). (Mehr News Agency)
  • Deputy head of Geological Survey and Mineral Exploration of Iran, Abbas Golmohammadi: Surface mining operations in Iran do not go below an average of 5 meters in depth. (IRNA)

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