. Military Space 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 Space Media 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.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork 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
E.ON leaves upstream North Sea
Dusseldorf, Germany (UPI) Oct 14, 2015
Germany energy company E.ON sold its entire North Sea exploration division to a company controlled by Russian billionaire Mikhail Fridman. Exploration and production company DEA Deutsche Erdoel, a subsidiary of Fridman's LetterOne, takes a 100 percent stake in the North Sea subsidiary, E.ON E&P Norge, in a deal valued at $1.6 billion. "The successful sale of our E&P business in N ... read more


OIL AND GAS
Russia Calls on US to Abandon Plans to Place Missile Defense in Romania

Russia's Aerospace Forces Never Miss a Missile Launch... Anywhere

Space-based missile warning continues expansion

Lockheed Martin delivers enhanced Patriot interceptor

OIL AND GAS
Russia's Tiny Missile Boats Pack Huge Punch

Poland seeks missiles for its MiG-29 fighters

US says Iran missile test may have broken UN rules

BUK: Russia's feared anti-aircraft missile system

OIL AND GAS
U.S. State Dept. approves sale of MQ-9 Reapers to Spain

U.S. Air Force expands drone training at Holloman

Iraq defense ministry unveils new Chinese unmanned vehicle

Lockheed Martin demonstrates ICARUS at AUSA meeting

OIL AND GAS
Southeast Asian nation awards Harris $10 million contract for radios

Harris delivering tactical radios to multiple customers

LGS Innovations enhances ISR technologies

Harris supplying tactical radios to Special Operations Forces

OIL AND GAS
Officer, 37, becomes third woman to pass US Ranger school

U.S. orders recoilless rifle ammunition

AM General announces new Humvee work

U.K. to boost equipment supply for Jordan

OIL AND GAS
Pakistan continues defense export push

Raytheon takes over Foreground Security

France to increase defense spending in 2016

Pentagon concerned about defense industry mergers

OIL AND GAS
Montenegro PM optimistic over bid to join NATO this year

China orders academics to push Communist doctrine online

Brazilian general warns against 'social crisis'

Britain's Charles to skip banquet with Chinese president

OIL AND GAS
New design rule brings nature-inspired nanostructures one step closer

Molecular nanoribbons as electronic highways

Developing a nanoscale 'clutch'

Pirouetting in the spotlight









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.