Iran’s free trade zone project was intended to create jobs, boost investment, and integrate Iran’s economy. Instead, poor infrastructure and corrupt officials turned the zones into monopolized markets that do more harm than good.
-Analysis-
LONDON "We re at the end of our rope," is a phrase you may hear these days among lower-income Iranians struggling to survive in a country heaving under economic sanctions and the coronavirus pandemic. It s also a statement recently issued by a national pensioners association, which has .
By Reuters Staff
2 Min Read
(Reuters) - Iran made mask-wearing mandatory in public in Tehran on Saturday with violations punishable by fines, President Hassan Rouhani said, as a third wave of coronavirus infections sweeps across the country.
FILE PHOTO: A nurse wearing a protective suit and mask checks the files at Hazrate Ali Asghar Hospital amid the coronavirus disease (COVID-19), in Tehran, Iran September 27, 2020. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
The daily death toll from COVID-19 peaked at 239 this week in Iran, the worst hit country in the Middle East.
On Saturday, the health ministry reported 195 deaths in the past 24 hours, taking the total toll to 28,293. There were 3,875 new cases, ministry spokeswoman Sima Sadat Lari told state TV.
Wait and see no longer an option for investment in Iran Tuesday, 23 February 2021 12:02 PM
[ Last Update: Saturday, 27 February 2021 10:16 AM ] Swiss companies have had a long history of trade with Iran.
Several Swiss companies are willing to invest in Iran despite sanctions, Switzerland’s Ambassador to Tehran Markus Leitner says, signaling how impatient international companies are to return to business with the resource-rich country.
Drugmakers Novartis and Roche, food company Nestle, agricultural chemical maker Syngenta and adhesive maker H. B. Fuller Europe have demanded that Iran remove customs and other trade barriers for their presence in the Iranian market, Leitner said.
Iran made mask-wearing mandatory in public in Tehran on Saturday with violations punishable by fines, President Hassan Rouhani said, as a third wave of coronavirus infections sweeps across the country.
Face masks made compulsory in public in Tehran as COVID toll rises Top News Reuters Staff (Reuters) - Iran made mask-wearing mandatory in public in Tehran on Saturday with violations punishable by fines, President Hassan Rouhani said, as a third wave of coronavirus infections sweeps across the country.
An Iranian woman wearing a face mask walks on a street after Iranian authorities made it mandatory for all to wear face mask in public following the outbreak of the coronavirus disease (COVID19), in Tehran Iran October 10, 2020. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Iranians wearing face masks walk on a street after Iranian authorities made it mandatory for all to wear face masks in public following the outbreak of the coronavirus disease (COVID19), in Tehran Iran October 10, 2020. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Oil Minister Bijan Zanganeh claims that Iran’s exports have risen “significantly” despite US sanctions.
“We set the highest record of exports of refined products in the history of the oil industry during the embargo period,” Zanganeh proclaimed on Friday
The minister did not give figures nor any details about the foreign countries purportedly reviving their purchases. Instead, he said, “The enemy and Trump wanted us to perish and die, our exports to reach zero, but we are alive and working with more hope to build the country.”
Since the Trump Administration imposed comprehensive sanctions in November 2018, Iran has not released official figures on oil exports.
By Reuters Staff
2 Min Read
(Reuters) - Iran made mask-wearing mandatory in public in Tehran on Saturday with violations punishable by fines, President Hassan Rouhani said, as a third wave of coronavirus infections sweeps across the country.
FILE PHOTO: A nurse wearing a protective suit and mask checks the files at Hazrate Ali Asghar Hospital amid the coronavirus disease (COVID-19), in Tehran, Iran September 27, 2020. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
The daily death toll from COVID-19 peaked at 239 this week in Iran, the worst hit country in the Middle East.
On Saturday, the health ministry reported 195 deaths in the past 24 hours, taking the total toll to 28,293. There were 3,875 new cases, ministry spokeswoman Sima Sadat Lari told state TV.
Iran President Hassan Rouhani addresses a Cabinet meeting, Tehran, December 9, 2020
President Hassan Rouhani is based the Government’s 2021-2022 budget on a huge surge in Iran’s oil exports.
Rouhani said at a Cabinet meeting on Wednesday that the budget, presented to Parliament, is based on sales of 2.3 million barrels per day from March 2021.
“In the next year, we will have the capability to produce and sell 2.3 million bpd of oil and we will sell it,” he declared.
Iran’s exports were about 2.5 million bpd in April 2018, but they fell between 80% and 95% amid comprehensive US sanctions imposed in November.
In 2011, Iran’s revenue from crude oil sales was more than $110 billion. It was sharply reduced by UN and US sanctions before the 2015 nuclear deal, before recovering to $62 billion in 2018.