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
 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Kuwait Spain discuss scientific cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait Institute for Scientific Research (KISR) and Spanish Nuclear Safety Council (CSN) discussed means of scientific cooperation and ...

 Nov 26 2015 - Kuwait- KNPC upgrades operations at Al Ahmadi refineryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Kuwait National Petroleum Corporation (KNPC) announced on Thursday upgrading its Fluid Catalytic Cracking Unit at Al-Ahmadi Refinery so as ...

 Nov 26 2015 - Deputy FM: Kuwait interested in tightening airport security in coordination with BritainKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT Nov 26 (KUNA) -- Deputy Foreign Minister Khaled Al-Jarallah said on Thursday Kuwaiti security authorities are keen to work with the British side for ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...

 Nov 26 2015 - UAE- YFEL Led Solar Energy Project with Masdar Collaboration Comes Online to Help Power Rashid Abdullah Omran HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM)--Masdar has completed a 543 KWp photovoltaic (PV) solar power project that is to deliver renewable energy to the Rashid ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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