INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran president says working to lift sanctions

Ebrahim Raisi. AFP File Photo
  • Negotiations on the Iran nuclear deal resumed in Vienna last Monday, after Iran had paused talks following Raisi's election in June
  • In 2018, then US president Donald Trump unilaterally pulled out and reimposed sanctions

President Ebrahim Raisi vowed to tackle Iran’s economic woes and said his government was working to lift sanctions, in a television interview on Sunday, December 5, marking his first 100 days in power.

Raisi, who took office in August, portrays himself as a pious, corruption-fighting champion of the poor.

He listed inflation, high prices and tax evasion as among the top challenges facing his government.

“The government is doing everything to achieve economic stability and a predictable market,” he said.

“Lifting sanctions is being pursued with vigor,” he added, alluding to negotiations over a 2015 nuclear deal that gave Iran sanctions relief in return for curbs on its nuclear program.

The landmark accord with world powers began unravelling in 2018 when then US president Donald Trump pulled out and reimposed sanctions, prompting Iran to start rolling back its commitments.

Negotiations in Vienna resumed last Monday, after Iran had paused talks following Raisi’s election in June.

“The people are well-aware of the situation in the country when I took the reins of government,” the president said.