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Iran's bad debt push reveals problem, and silver liningA move by Iran to recover bad debts on behalf of banks has shed light on possible corrupt lending under the previous president and also suggests a fresh spirit of cooperation among its various centres of power. A reported big incr More… |
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Rouhani becomes new Iranian presidentModerate cleric Hassan Rouhani took office as Iran's president on Saturday, succeeding Mahmoud Ahmadinejad, after Supreme Leader Ayatollah Ali Khamenei endorsed him, Iranian media said. Rouhani's resounding election win in More… |
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Ahmadinejad sacks only female cabinet ministerIranian President Mahmoud Ahmadinejad on Thursday dismissed his only female cabinet minister, Health Minister Marzieh Vahid Dastjerdi, after she criticised her colleagues for failing to provide funds to import vital medicines. App More… |
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Sanctions side effect hits Iran's food systemIran's food distribution system is in crisis even though Western sanctions do not directly target the market, badly hurting the poor and turning some staples into luxuries. Private importers are shrinking away from deals made More… |
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Iran to consider halting subsidy reform planIran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported. More… |
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Israel will be eliminated says AhmadinejadIran does not take seriously Israeli threats of attack, but is prepared to defend itself, Iranian President Mahmoud Ahmadinejad said on Monday, while saying that Israel has "no roots" in the history of the Middle East More… |
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Top Iranian bank to sue rival over fraudIran's biggest bank said it had taken legal action against another local lender, an Iranian news agency reported, in the wake of a $2.6 billion fraud which has shaken Iran's political establishment. The biggest fraud in the 32-year More… |
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Big election setback for AhmadinejadIranian President Mahmoud Ahmadinejad, now out of favour with Supreme Leader Ayatollah Ali Khamenei, suffered more setbacks in a run-off parliamentary election seen as a pointer for next year's presidential race, results showed on Saturday. More… |
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Iran holds run-off parliamentary electionIranians voted on Friday in a run-off parliamentary election that could establish a new balance between Iran's top leader and its president in the legislative assembly. State television reported that polling stations in 33 constituenci More… |
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Iran 'can withstand oil embargo for years'Iranian President Mahmoud Ahmadinejad said Iran has enough funds to withstand a total embargo on its oil sales for several years, Iranian media reported on Tuesday. "They (western powers) want to impose sanctions on our oil and we must say More… |
