Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Improved economy can fight sanctions: Khamenei   Join our daily free Newsletter

MENAFN - Arab Times - 23/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Iran's top leader said Friday that his nation can best counter Western sanctions by strengthening its economy and rallied Iranians to exert "extraordinary efforts" to take their country forward. Ayatollah Ali Khamenei' remarks came in his annual speech for the Persian New Year, Nowruz. Friday, the first day of spring, marks the beginning of the year 1393 on the Persian calendar. Khamenei spoke in Mashhad, in northeastern Iran, and dedicated 1393 as the year of "economy and culture." Iranians, he said, should not wait for the sanctions to be lifted but work to build a stronger economy to "reduce vulnerability." Iran has been hit hard by the international sanctions that were imposed over its controversial nuclear program, which the West fears masks efforts to acquire nuclear arms. Tehran denies it's trying to make nuclear weapons but has acknowledged the devastating impact the sanctions have had on its vital oil and financial sectors



An interim nuclear deal reached in November with world powers has eased some sanctions, but the core remains in place - including measures targeting Iran's oil exports, the pillar of its economy. Iran and the six world powers are now working on a comprehensive agreement envisaging long-term limits on the nuclear programs in exchange for an end to the sanctions. Khamenei, who has final say on all state matters in Iran, has called the sanctions "a full-fledgedeconomic war" on his country and last month ordered the government to create an "economy of resistance" to counter the measures




The project involves efforts to diversify Iran's exports, reduce dependence on sales of raw materials and promote knowledge-based high-tech industries. "If a nation is not strong, the world's extortionists will extort from it, insult it and if they can, they will trample on it," Khamenei said in his speech, broadcast live on state television. "If a nation doesn't become strong, it will be bullied by others." Khamenei said the priority is for Iranians to make their economy immune to outside pressures. "There is need for extraordinary efforts to bring the country's economy into such a state that decision by others elsewhere in the world can't influence it.



"If we have a determined will and join hands, we can help our economy prosper," he said, urging Iranians to buy domestic products. Waiting for "the enemy" to lift the sanctions is a road "to hell," he stressed - and Iranians need to "look to what we can do ourselves." Khamenei has backed Iran's new President Hassan Rouhani, who took office last August, and his efforts to stabilize the national currency and halt inflation. But Rouhani's government has a long way to go to deliver on promises of economic growth. As of the New Year, the government is to gradually phase out energy and food subsidies




 


Arab Times




  MENA News Headlines
 Jul 26 2016 - A mouth full of crickets? Lobbyists speak up for edible insectsThe Peninsula
(MENAFN - The Peninsula) By Bradley Saacks At the Oyamel Cocina Mexicana in Washington, metal butterfly mobiles hang from the ceiling and bugs are on the menu. The chapulines tacos are jammed ...

 Jul 26 2016 - Damac's AIPO villas totally sold outMENAFN
(MENAFN) Damac Properties announced that villas in its Akoya Imagine Phase One Dubai, has been sold out, and said that the launch of the second phase is to set to start by the end of July.In detail, ...

 Jul 26 2016 - Sales of European cars in Egypt is led by Opel AstraMENAFN
(MENAFN) A report by Daily News Egypt has stated that, Opel Astra has kept its position leading sales of European cars in Egypt in Q1, registering sales of 1,776 units worth USD 49.5m.Additionally, ...

 Jul 26 2016 - TDIC picks Jawaher Saadiyat for Al Jaber building projectMENAFN
(MENAFN) Abu Dhabi-based Tourism Development & Investment Company (TDIC) has chosen Jawaher Saadiyat, a residential community, to construct Al Jaber Building.TDIC, the master developer of major ...

 Jul 26 2016 - Empower supports green economy strategy in UAEMENAFN
(MENAFN) Emirates Central Cooling Systems firm (Empower), the world's largest district cooling services provider, will back the State of Green Economy Report 2017 for Dubai Carbon as its platinum ...

 Jul 26 2016 - Epico reveals new office in Abu DhabiMENAFN
(MENAFN) Emirates Property Investment Company (Epico), the property and facilities management arm of Al Fahim Group, has launched its new office in Abu Dhabi.In detail, the office is located in the ...

 Jul 26 2016 - Wasl group completes artistic projectMENAFN
(MENAFN) Wasl properties, a subsidiary of wasl Asset Management Group, has finished work of a large art project, which will turn the facades of Karama Shopping Complex in Dubaiinto an open street art ...

 Jul 26 2016 - Saudi Al-Khodari faces net loss in Q2MENAFN
(MENAFN) Saudi construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it swung to a net loss in the second quarter due to a decrease in earnings.In detail, the company suffered a net loss ...

 Jul 26 2016 - Enhancing radiation safety, IAEA signs two practical arrangements with Russian regulatory authoritiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th July, 2016 (WAM) --The IAEA is to cooperate with Russian authorities in the enhancement of the country's national radiation safety standards ...

 Jul 26 2016 - 43 establishments closed by ADDED in Abu Dhabi and Al AinEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) -- Abu Dhabi Department of Economic Development, ADDED, has closed 43 commercial establishments in Abu Dhabi and Al Ain in ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help