Middle-east Arab News Opinion | Asharq Al-awsat

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A picture taken on September 30, 2012 shows an Iranian woman paying with a 20000 rial banknote, bearing a portrait of Iran’s late founder of islamic Republic Ayatollah Ruhollah Khomeini, to a grocer in the Iranian capital Tehran. (AFP Photo/Atta Kenare)

Opinion: A Strange Budget for a Strange System

by Amir Taheri | Dec 12, 2014 | Opinion

What do you do when your ambitions are bigger than the resources you have to pursue them? The Tehran leadership must have asked itself this question when drafting the national budget for the next year (according to the Iranian calendar), which starts on March 21....

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Official image advertising first Europe-Iran forum in London taken from official literature. (Europe-Iran forum)

Post-sanction business with Iran dominates first Europe-Iran forum in London

by Ali M. Pedram | Oct 17, 2014 | Business

London, Asharq Al-Awsat—The future potential of the Iranian market after international sanctions are lifted dominated the first Europe-Iran Forum held at a central London hotel on October 15 and 16, just yards away from the US embassy. The forum was organized by a...

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(Reuters/Raheb Homavandi)

Opinion: Give Me the Subsidy

by Saeed Laylaz | Apr 9, 2014 | Opinion

Iranian president Hassan Rouhani’s apparently firm determination to convince at least a third of Iranians to voluntarily decline the monthly cash payouts that replaced certain subsidies from March 20—the first day of the new Persian year—clearly stems from economic...

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The reactor building of the Bushehr nuclear power plant is seen just outside the southern city of Bushehr, Iran. (AP Photo/Mehr News Agency, Majid Asgaripour, File)

Iran says Russia could build nuclear reactor in exchange for oil

by Asharq Al-Awsat | Feb 18, 2014 | Business

Moscow, Reuters—Russia could build a second reactor at Iran’s Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published on Monday. Russia could also supply Iran with trucks, railroad tracks,...

Media ID: 55328998
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(Reuters/Raheb Homavandi)

IMF: Iranian economy weak but growing

by Ali M. Pedram | Feb 16, 2014 | Business

London, Asharq Al-Awsat—The International Monetary Fund (IMF) published a report on Wednesday describing the Iranian economy as “weak” but said it was growing, at a time when signs of progress towards an agreement between Iran and the US and its allies over the...