News : Economy

Iran: Orchestras are 'catastrophes that play no music'

Wednesday, 05 June

INU - A member of Tehran's symphony orchestra has said they now play no concerts and their massively delayed salaries are very low.

Wind instrument player Armin Gheitasi described the state of Tehran's Symphony Orchestra and Iran’s National Orchestra as 'catastrophic' and it would be better if the regime closed them down.

New US sanctions against Iranian regime

Tuesday, 04 June 2013

WASHINGTON (AFP) - The United States has unveiled aggressive new sanctions against Iran, directly targeting the rial currency for the first time and also the auto sector, a key source of jobs and revenue.

The measures, which could wreak more economic deprivation inside Iran, came days before a presidential election in the country and followed Teheran's refusal to cede ground in stalled world power talks on its nuclear programme.

They were accompanied by new US warnings of a "painful" and "powerful" escalation of the sanctions regime, as President Barack Obama seeks to convince the Islamic Republic the price of uranium enrichment is too high.

"The steps taken today are part of President Obama's commitment to prevent Iran from acquiring a nuclear weapon, by raising the cost of Iran's defiance of the international community," White House spokesman Jay Carney said on Monday.

Canada bans all Iranian imports, exports

CBC- Foreign Affairs Minister John Baird has announced new sanctions against Iran, including a total ban on imports and exports.
Canada continues to have grave and sincere concerns over Iran's nuclear program and their abhorrent human rights records and their continued support for international terrorism around the world," Foreign Affairs Minister John Baird said Wednesday when he announced the measures in the foyer of the House of Commons.

Iran: Iron dealers strike in Tehran

INU - A number of Iron dealers in Tehran have closed down their stores and gone on strike in protest at following the fall of value of Iranian currency, according to the reports received from Iran.

Figures show mounting evidence of Iran's collapsing economy

INU- The latest figures on unemployment and mounting factory closures across Iran have revealed more evidence of the regime's collapsing economy.
There are currently more than 8,000 medical GPs out of work and 10,500 not even registered in the system, the president of Medical Council of Iran told the Sharq newspaper on May 15.

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