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
 Mar 22 2017 - Migrant Hotel offers refuge to US deporteesGulf Times
(MENAFN - Gulf Times) Long before Donald Trump began to ramp up the demagoguery against immigrants with pledges to build a border wall to keep them out, there was a hotel in the north of Mexico that ...

 Mar 22 2017 - Beauty and the Beast: It just felt like make believe, says AudraGulf Times
(MENAFN - Gulf Times) Audra McDonald has six Tony Awards and a voice that will make you believe in angels. That combination puts her in a place where she can be choosy when selecting her next job. ...

 Mar 22 2017 - BJP demands arrest of Trinamool leadersGulf Times
(MENAFN - Gulf Times) The West Bengal unit of the Bharatiya Janata Party (BJP) yesterday organised a massive rally here demanding the arrest of Trinamool Congress leaders allegedly seen taking money ...

 Mar 22 2017 - UK PM May's thoughts are with killed, injured in "appalling incident"Gulf Times
(MENAFN - Gulf Times) Theresa May's thoughts are with those killed and injured in an attack close to parliament and the British prime minister is being kept updated with developments, her office said ...

 Mar 22 2017 - 'Matter of time' before IS leader Baghdadi killed: TillersonGulf Times
(MENAFN - Gulf Times) Secretary of State Rex Tillerson declared Wednesday that Islamic State leader Abu Bakr al-Baghdadi's death is imminent, as US-backed forces close in on the jihadists in Syria ...

 Mar 22 2017 - Israeli ban targeting boycott supporters raises alarm abroadGulf Times
(MENAFN - Gulf Times) * Law bars from Israel those who back boycotts of country * Liberal Jews, others see it as limiting free speech * Security minister wants database of Israelis who back "BDS" ...

 Mar 22 2017 - Agricultural exhibition starts in Doha todayGulf Times
(MENAFN - Gulf Times) Under the patronage of HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani, the fifth Qatar International Agricultural (Agriteq) ...

 Mar 22 2017 - HMC marks World Down Syndrome DayGulf Times
(MENAFN - Gulf Times) The Child Development Center at Rumailah Hospital, a member of Hamad Medical Corporation (HMC), is holding a series of events to observe World Down Syndrome Day, focusing on ...

 Mar 22 2017 - Jordan- Anti-Narcotics Dep't Disposes of Massive Quantities of DrugsAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN —AlGhad— The administration of the Anti-Narcotics Department (AND) disposed of a massive quantity of drugs, including pills, synthetic week, ...

 Mar 22 2017 - Jordan- Traffic Dep't Receives 100 New BreathalysersAlghad Newspaper
(MENAFN - Alghad Newspaper) AMMAN —AlGhad— The Central Traffic Department Administration received 100 new breathalysers today, Wednesday, to help investigate accidents and address the ...

more...


 





Google

 
 

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

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