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

Iranian teachers demonstrate in several cities against pension reforms

Iranian teachers protest against pension reforms.
  • In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster reported.
  • The protesters are demanding that the government move more quickly on a planned grading system for teachers based on experience and performance.

Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms, state media reported.

In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster reported.

The protesters chanted slogans such as “if embezzlement is reduced, our problems will be solved,” and “we only heard promises, we didn’t see justice”, it said.

In Iran’s third-largest city, Isfahan, around 300 teachers demonstrated, the Mehr news agency reported, adding that another protest was held in Chaharmahal-Bakhtiari province in the southwest.

Social media platforms showed similar protests in Neyshabur in the northeast, Kermanshah in the west and Khorramshahr in the southwest.

The protesters are demanding that the government move more quickly on a planned grading system for teachers based on experience and performance. They also want their pensions to be aligned with the salaries of working teachers as soon as possible.

Hit by severe economic sanctions imposed since 2018 by the United States, Iran has seen inflation soar to close to 60 percent, exacting a heavy toll on the standard of living of public sector staff and others on fixed incomes.

Civil servants in one of Iran’s most powerful sectors, the judiciary, held rare demonstrations on Sunday against the government’s refusal to increase their pay.

On Monday, attorney general Mohammad Jafar Montazeri threatened to prosecute the protesters.

Ultraconservative President Ebrahim Raisi, who assumed his post in August, had proposed a salary hike in the last weeks of his previous job as judicial chief.

But the new government which he leads changed its mind.