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    Gov’t reverses privatization; re-nationalizes telephones

    Gov’t reverses privatization; re-nationalizes telephones

    December 23, 2016 Iran’s government has canceled what was billed as the largest privatization deal in the country’s history, the sale of the national telephone company to a trust for…

    In 21st Century, Iran wants to build a coal-fired plan

    December 23, 2016 While the rest of the world is moving away from coal-fired power plants, Iran last week announced plans to build its first electric power generating plant fired…

    Pasdar angry with IRISL for building ships abroad

    Pasdar angry with IRISL for building ships abroad

    December 23, 2016 The Pasdaran have publicly expressed irritation with Iran’s national shipping line for contracting with a South Korean shipyard to build 10 new vessels rather than having the…

    Central Bank says GDP rising at blistering pace

    December 23, 2016 The Central Bank last week reported that the economy had taken off and grown at the startling pace of 7.4 percent in the first half of the…

    The Oil Patch

    The Oil Patch

    December 23, 2016 WHERE TO GO — The price of an OPEC barrel is just marking time for the moment while the market tries to decide if oil producers who…

    Rial will keep all those zeros awhile

    Rial will keep all those zeros awhile

    November 18, 2016 Economy Minister Ali Tayeb-nia says he isn’t planning to chop any zeros off the rial any time soon. The idea has been discussed for many years as…

    Rohani shutters building projects as revenues low

    November 18, 2016 The government is severely cutting back work on development projects as its revenue fell short of forecasts by a quarter in the first half of the Persian…

    Police refuse to put license plates on US-made cars

    November 18, 2016 Iranian police have stopped issuing license plates for US-made cars, including Japanese and German models, even though they have been allowed into Iran through customs and the…