Since the Iranian legislature has required that the government discontinue monthly cash subsidies to the affluent, the administration might have to check the bank accounts to identify the rich whose allowances must be eliminated.
Cash subsidies for affluent questionable
Iranian Foreign Minister Mohammad Javad Zarif has said that Tehran has no intention of building a nuclear weapon, the world has recognized that, and that a nuclear deal is now very close at hand.
Nuclear deal very close at hand: Zarif
Aras Free Zone provides foreign investors with 100-percent ownership in the projects they implement in the region.
AFZ granting foreign investors 100% ownership
Iran has announced plans to do away with the current two-tier foreign exchange rates and replace it with a unified system after March 20, 2015.
Unification of forex rates contentious
By Saedeq Dehqan & Farzam Vanaki
Pakistan urged to complete IP project
Volatility in oil prices has given rise to speculations about the fate of black gold in the current year. The commodity traded at over $100 per barrel in June 2014 although it plunged below $50 in January. Hassan Khosrojerdi, head of the Iranian Oil, Gas and Petrochemical Products Exporters' Association, commented on the fluctuation in oil prices in an interview with the Persian daily Arman.
$100 oil price unattainable
A senior Iranian lawmaker has urged US President Barack Obama to assent to the reasonable nuclear demands of the Islamic Republic.
Obama urged to recognize Iran's nuclear right
Since oil prices have fallen below $50 per barrel from their peak last year, the unfreezing of Iranian frozen assets is expected to offset plummeting petrodollars. On November 24, 2014, P5+1 (the US, France, Britain, Russia, China plus Germany) agreed to release $4.9 billion of Iranian funds held in foreign banks until July 1, 2015. Mehdi Taqavi, a university professor, commented on the impact of unfrozen assets on the national economy, economic growth and forex market fluctuations in an interview with the Persian daily Arman. Excerpts follow:
Forex reserves inadequate
Iraq is experiencing tough days. A large swathe of land in the north is under the control of ISIL terrorists since last summer, adding to the problems it had already been grappling with.
Iraqi president: Regional outlook improving
Iran can raise its revenues from the export of agricultural products to $20 billion from the current level of $4 billion, said the chairman of Majlis Agriculture, Water and National Resources Commission.
MP: $20b agro exports attainable

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