News : Economy

New Evidence Emerges of Rampant Corruption in Iran’s Oil and Export Markets

New Evidence Emerges of Rampant Corruption in Iran’s Oil and Export Markets

By Edward Carney

On Tuesday, IranWire published an article that attached a dramatic figure to the closely-related issues of Iran’s escalating economic crisis and the corruption of entities in both the country’s government and its private sector. The article indicated that as much as 30 billion dollars in revenue might have been moved out of the country over just a one-year period, as wealthy individuals and participants in a “corruption mafia” sought to consolidate their own control over capital despite the adverse impact on a beleaguered civilian population.

Iran’s export to Iraq drop by 50%

Iran’s export to Iraq drop by 50%

By INU Staff

INU - Iraq has significantly reduced its imports from the Iranian Regime in the past month, according to an economic-focused newspaper published in Tehran.

The report notes that part of the downfall in Iraq’s Iranian imports stems from general bans on a whole host of products, but part of it is due to targeted bans on Iranian imports.

Inflation in Iran could go up to 40 per cent during 2019: IMF

Inflation in Iran could go up to 40 per cent during 2019: IMF

By INU Staff

INU - The International Monetary Fund (IMF) has reported that the U.S. sanctions on the Iranian regime are starting to have an impact on the region. It has stated that an estimated 1.7% contraction related to the output of goods and services for non-Gulf Cooperation Council (GCC) oil exporters is due to the economic situation in Iran.

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