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For many years, Iran’s educated elites have been leaving the country in growing numbers. They are emigrating, mostly to Western countries, for various reasons, but chief among them are poor economic conditions and a lack of political and social freedoms at home. Iran’s information technology sector is among the sectors hit hardest due to the burgeoning outflow of its experts in recent years.
Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.
Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented.
Iranian capital’s housing price inflation rose 7.1% in the calendar month to June, according to SCI figures.
Iranian statistics agency figures show the economy grew by 4.3% in the year to late March.