Medical and Hospital News  
OIL AND GAS
Iran's economy resilient, Rouhani says
by Daniel J. Graeber
Tehran (UPI) Oct 14, 2015


disclaimer: image is for illustration purposes only

Iranian President Hassan Rouhani said international efforts and sanctions pressures meant to drive the economy back into recession backfired.

With parliamentary approval of the multilateral nuclear agreement reached in July in hand, Rouhani said he'd lay out new economic policies next week.

Rouhani in September said about one-third of the national budget relies on revenue generated from oil. The budget for the current Iranian year, which started March 21, is the least dependent on oil revenue ever for the country, however.

Sanctions on Iranian oil exports and other parts of the economy resulted in an economic contraction of 5.8 percent in 2012-13. For fiscal year 2013-14, the World Bank estimates the Iranian economy contracted at an annual rate of 1.7 percent.

Iran entered the year by emerging from recession. Rouhani blamed the drop in crude oil prices and pressures from economic sanctions as part of a broader plot to cripple the Iranian economy.

"It backfired," he said.

White House spokesman Josh Earnest said during his regular press briefing there "are significant steps [on the nuclear research front] that Iran still must take before any sanctions relief will be offered."

The Central Bank of Iran in March said sanctions relief would translate to about a 2 percent increase in growth, but likely not until the first quarter of 2016.

Rouhani in the past blamed his predecessor, Mahmoud Ahmadinejad, for steering the economy in the wrong direction. Iran's Central Bank said inflation went from a monthly rate of 45.1 percent when Rouhani was elected in June 2013 to around 15.5 percent. It aims for single-digit inflation by March 2017.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Total back in French court over Iraq oil-for-food corruption
Paris (AFP) Oct 14, 2015
French energy giant Total was back in a Paris court Wednesday facing renewed efforts to prosecute it for corruption linked to the UN's "oil-for-food" programme established for Iraq during Saddam Hussein's rule. More than a dozen defendants, including Total, its former chief executive and a former French minister were cleared of corruption in 2013 after an eight-year investigation. They ... read more


OIL AND GAS
Family of El Faro victim launches $100 million lawsuit

Man survives on ants for six days in remote Australia

New warehouse blast hits Tianjin: China state media

LORELEI Imagines Rapid Automated Language Toolkit

OIL AND GAS
ISRO looking to extend GPS services to SAARC countries

Last of the dozen GPS IIF satellites arrive at CCAFS for processing

Glonass system can fully switch to domestic electronics in 2 years

China launches 20th Beidou navigation satellite

OIL AND GAS
Modern humans out of Africa sooner than thought

Breakthrough for electrode implants in the brain

Researchers build a digital piece of brain

Foot fossils of human relative shows evolutionary 'messiness' of bipeds

OIL AND GAS
Re-thinking plant and insect diversity

Threat posed by 'pollen thief' bees uncovered

Characteristics of mammalian melanopsins for non-visual photoreception

WWF: East Himalaya surveys yield more than 200 new species

OIL AND GAS
Antiviral compound offers full protection from Ebola in nonhuman primates

Cholera cases in Iraq top 1,200: ministry

Trio win Nobel Medicine Prize for parasite therapies

Chip-based technology enables reliable direct detection of Ebola virus

OIL AND GAS
Tibetan writer released by China after 10 years in jail: group

China pledges veteran pension funding after protests

Two allies of China ex-security chief jailed for graft

China probing provincial governor for graft: state media

OIL AND GAS
Chinese 'thief' swallowed diamond, tried to flee Thailand

Army's role questioned in missing Mexican students case

OIL AND GAS
China to set new plan for troubled economy

Chinese middle class now the world's largest

China must show 'will' to reform economy: US

World economic leaders tackle slow growth, climate change









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.