عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Iran's President Says Boosting Economy Requires FATF Issues to be Fixed

Iranian reformist candidate Masoud Pezeshkian raises his fist as he arrives for his campaign rally, two days before a presidential election runoff following a first round marked by a historically low turnout, at a stadium in Tehran on July 3, 2024. (AFP)
Iranian reformist candidate Masoud Pezeshkian raises his fist as he arrives for his campaign rally, two days before a presidential election runoff following a first round marked by a historically low turnout, at a stadium in Tehran on July 3, 2024. (AFP)
TT
TT

Iran's President Says Boosting Economy Requires FATF Issues to be Fixed

Iranian reformist candidate Masoud Pezeshkian raises his fist as he arrives for his campaign rally, two days before a presidential election runoff following a first round marked by a historically low turnout, at a stadium in Tehran on July 3, 2024. (AFP)
Iranian reformist candidate Masoud Pezeshkian raises his fist as he arrives for his campaign rally, two days before a presidential election runoff following a first round marked by a historically low turnout, at a stadium in Tehran on July 3, 2024. (AFP)

Iran President Masoud Pezeshkian said on Monday in a televised news conference that to boost its troubled economy, Iran had no choice but to "fix issues" related to the Paris-based Financial Action Task Force (FATF).

Iran has been on the global dirty money watchdog's blacklist since 2020 after failing to comply with international anti-terrorism financing norms, a move that deepens its isolation from financial markets, Reuters reported.

Pezeshkian said he would communicate with relevant Iranian centres to re-examine Tehran's past opposition to implementing the FATF's requirements.

Foreign businesses say Iran's compliance with FATF rules is key if it wants to attract investors, especially since the United States re-imposed economic sanctions on Iran in 2018.

Most Viewed

 
 
Business

GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters
TT
TT

GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters

The annual inflation rate in Saudi Arabia reached 1.9% in December 2024, according to the General Authority for Statistics (GASTAT).

The Kingdom has the lowest inflation rates among the G20 countries.

The Consumer Price Index (CPI) reflects changes in prices paid by consumers for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the household expenditure and income survey conducted in 2018. Prices are collected through on-site visits to sales points.

CPI statistics are published monthly.