Posts tagged : "Economy"

Kourosh Ziabari - Asia Times: Iran’s dire economic straits are beginning to dawn on new President Ebrahim Raisi – and it’s not immediately clear ex-judiciary chief has a viable solution in sight. The new leader, who earlier said he would not be beholden to foreigners in deciding his economic policies – reference to the US sanctions that have crippled Iran’s economy since 2018 – is now reaching out for help. Raisi has galvanized his foreign envoys to engage in so-called “economic diplomacy”, a new government buzzword he first aired on the campaign trail that is apparently central to his plan for reviving the nation’s fortunes. That’s because domestic-driven economic options are limited. US sanctions have...

Kourosh Ziabari - Asia Times: Speculation is rife in Iran over who will steer the economy under President-elect Ebrahim Raisi, the conservative cleric and judicial head who clinched an easy victory in the June 18 election. The challenges Raisi faces are severe and experts are already casting doubt on his ability to remedy the economy given his limited statecraft experience and the ambiguity surrounding his plans for post-Covid economic recovery, taming hyperinflation and incentivizing investment. By any measure, Iran is in the throes of a cataclysmic economic recession, aggravated by the global pandemic and the economic sanctions that have crushed the livelihoods of ordinary citizens and businesses since former US president...

Kourosh Ziabari - Asia Times: More than a year after the anti-money laundering and counter-terrorist financing watchdog Financial Action Task Force (FATF) blacklisted Iran as a “high-risk jurisdiction” subject to a call for action, debate on the ratification of FATF-related bills has been rekindled in Tehran. Reformists are blaming conservatives for stonewalling the normalization of the country’s banking and trade relations with the outside world – an issue that will indirectly factor in the June 18 presidential election where a conservative candidate will almost certainly win. Headquartered in Paris, FATF is an intergovernmental body set up by the G7 in 1989 to draw up binding regulations to combat money laundering. In...

Kourosh Ziabari - Asia Times: When facing down public dissent and unrest, Iranian authorities are known to downplay the magnitude of the various crises they confront. But officials are uncharacteristically sounding the alarm about a mounting water crisis, one which could trigger a full-blown conflict over access to the essential resource. According to Minister of Energy Reza Ardakanian, the coming summer in the Iranian calendar year will be the “driest in the recent five decades.” The minister said he was concerned about peaking demand for drinking water and cast doubt on the government’s ability to ensure an uninterrupted supply of water nationally. Iran is now confronting its most severe drought in half a...

Kourosh Ziabari - ODVV: Climate change is a complex threat to life on Earth, driving countless shifts worldwide, and it is only through collective action on the individual, national, regional and international levels that it can be addressed meaningfully. The provision of food, fiber, fuel and freshwater, without which human society and its economy cannot survive, is jeopardized by the rising global temperature and record levels of land and freshwater exploitation. The UN Secretary General António Guterres has termed climate change the “defining challenge of our time.” Some experts talk of climate change as a “threat multiplier” that even has the potential to increase the risk of political instability and terrorism. Climate...

Kourosh Ziabari - ODVV: Facts about climate change are frightening enough to prod conscientious citizens of the 21st century into taking swift action to avert the tragedy which now looms large over their lives and survival. According to NASA data, the average global temperatures in 2019 were warmer than the entire 20th century average. Eleven percent of the world’s population, namely 800 million people, is highly vulnerable to climate change impacts. Global warming and extreme weather conditions are responsible for as many as 150,000 deaths annually. And despite the abundance of figures and studies pointing to the acuteness of the situation, there are leaders who irresponsibly call climate change a hoax and deny climate science...

Kourosh Ziabari - ODVV: It was in 1965 when scientists on the US President’s Science Advisory Committee broached the idea of a “greenhouse effect” that was sparking concerns about the rising temperature of the Earth, and no more than a decade later, the distinguished geoscientist Wallace Broecker coined the term “global warming”, which took a while to enter the mainstream debate but carved a fundamentally new path for research and excavation into how anthropogenic activities accelerate the heating of the planet and endanger the lives of humans and other species. The international community’s fight to tackle climate change as a concern of universal proportions started more than three decades ago, when the...

Kourosh Ziabari - ODVV: In 2020, a string of unprecedented extreme weather events across the globe highlighted the exigency of taking meaningful action to tackle the climate crisis more seriously than ever. From record rainfalls in Indonesia forcing some 62,000 people from their homes to wildfires in Australia killing nearly 3 billion animals and demolishing 3,000 homes, from the Chinese province of Yunnan reporting the worst drought in 10 years to devastating floods in Kenya and Uganda displacing at least 400,000 people, the twinge of the heating Earth and changing climate was felt excruciatingly. Experts say 2020 was an apocalyptic wildfire season, with the global direct cost of forest fires standing at USD17 billion. Aggregately,...

Kourosh Ziabari - ODVV: Facts that corroborate the world is entangled in a climate emergency are abundant. Scientific evidence paints a clear and unambiguous picture of what lies ahead for the humanity: climate change is happening, it is almost entirely triggered by harmful anthropogenic activity, and in the decades to come, its impacts on human life will be scorching and at times irreversible. 2020, the second hottest year on record since 1880, witnessed unfortunate natural disasters almost unvaryingly linked to climate change. Record-setting wildfires engulfing Australia, California, Brazil and Siberia; an unprecedented hurricane season in the Atlantic marked by 30 named storms; massive floods overwhelming India and Bangladesh,...

Kourosh Ziabari - Asia Times: While US-Iran relations are apparently warming, with hopes rising of a resumption of the scuppered Joint Comprehensive Plan of Action nuclear pact, Washington continues to pile on punitive measures, particularly in the technology sector. The US government recently imposed a penalty of US$8 million on Germany’s SAP Software Solutions for “illegally” exporting US-origin software, including upgrades and security fixes, to Iranian users. The sale violated the technology sanctions placed on the Middle East nation, which is home to nearly 60 million internet users. From 2010 to 2017, SAP and its international partners exported the technology a total of 20,000 times to people in Iran and...

Kourosh Ziabari - Asia Times: Iran’s carpet industry, once a rich trademark of Persian culture and a key source of non-oil and gas export revenues, is coming unraveled under the double whammy of US sanctions and a Covid-caused recession. Without meaningful government relief and investment, the fast-fading export industry that normally employs 2.5 million people and provides livelihoods in associated businesses to as many as 10 million will soon be decisively overtaken by rival nations’ wares in regional and global markets, experts and analysts warn. Local media reports suggest as many as one million Iranians involved in the rug industry have already lost their jobs. Iran’s carpet industry survived the chaos that...

Kourosh Ziabari - Asia Times: Iran’s hardliners are pressuring moderate President Hassan Rouhani’s government to ban popular social networking platform Instagram in their latest bid to keep Iranians disconnected from the wider world. Last week, Mohammad Javad Azari Jahromi, Iran’s 39-year-old Minister of Information and Communications Technology, was subpoenaed to the culture and media court operating under the aegis of the judiciary to defend himself over a litany of complaints. These include allegations he is defying a court order mandating that Instagram be blocked. Other suits include a complaint filed by 150 clerics that Iran’s cyberspace is ridden with “immorality,” which the minister has allegedly failed to...