Government shuts down business daily Sarmayeh
Citing “repeated violations of the press law,” the Iranian government’s press advisory board shut down Sarmayeh, one of the country’s leading business dailies, today. According to Reuters, further details were not given. Sarmayeh editor Saeed Laylaz, an outspoken government critic, was arrested shortly after Iran’s disputed election in June. In August, authorities shut down Etemad-e […]
Iran Plans Cuts in Subsidized Gasoline Quota
Reuters reports that Iranian state television has quoted Iranian Oil Minister Massoud Mirkazemi as saying that the quota of subsidized gasoline in Iran would be reduced from 100 liters to 55 liters per month under a plan to be considered next week by the Iranian Parliament. Iran imports around 25-33% percent of its gasoline requirements […]
IRGC Buys Majority Share of Iran Telecom
The Etemad-e-Mobin consortium, which is reportedly connected to the Revolutionary Guard (though details are scarce about the exact nature of the relationship), bought a 50% plus one share of the Telecommunications Company of Iran on Sunday, worth $7.8 billion. Two of the three companies that comprise Etemad-e-Mobin are reportedly controlled by the IRGC. The New […]