Insider news & Analysis in Iran

By INU Staff

INU - The economic problems of Iran are getting worse. There are increasing numbers of people losing their jobs and more and more young people are unable to get a job. Only last week more than a hundred iron ore mines were shut down leaving thousands more people without a job.

By INU Staff

INU - Thousands of the people who lost money to the financial institutions that belong to the Revolutionary Guards, the Basij Organization, as well as the Police and the Judiciary, staged rallies on the morning of Wednesday June 21st, in Tehran, Mashhad, Ahvaz, Babol, Abhar, Ardebil and Rasht.

Many protests by investors who have lost money in Iran’s state financial institutions, as well as workers who have lost wages, are spreading across Iran.

The Social Security Investment Company of Iran and some Turkish firms have signed contracts worth $100 million for implementation of construction projects and modernization of Arvandan shipbuilding facilities.The cost of implementing these contracts is $100 million that will be provided by the Turkish side.

By INU Staff

INU - The Governor of Central Bank of Iran, Valiollah Seif had an interview with Fars News (affiliated with the IRGC) On Sunday, June 11. While the financial bottlenecks are blocked in Turkey and UAE and some Iranian companies are unable to transfer money, Seif clarifies, "Turkey and UAE are two different cases since they have various stances. The financial transactions had been blocked before in UAE because our relation with this country is not normal. Nevertheless, the situation in Turkey is normal and we do not have anything to discuss. The problem with UAE stems from the past. They imposed constraints that have not been removed after Iran deal yet."

The US Senate Foreign Relations Committee backed legislation on Thursday that would impose new sanctions on Iran over its ballistic missile development, support for Islamist militant groups, weapons transfers and human rights violations, Reuters reported.

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