Updates on Iranian economy:

NCR

Unemployment rate in Iran worst among oil-rich countries

The unemployment rate in Iran under the ruler of the clerical regime is twice the average among the top 10 oil-rich countries in the world, according to a state-run news agency.

Khabar Online, which is affiliated with Ali Larijani, the regime’s Majlis (Parliament) Speaker, wrote, “The average unemployment rate in the world’s top 10 oil-producing nations is about seven percent, due to oil revenues, which is about half of the rate in Iran.”

Khabar Online wrote that while the three figures of the rate of unemployment, GDP, and economic growth are high in the 10 largest oil-producing countries, Iran scores among the worst among these nations when it comes to these criteria.

Iran is tenth, ninth and sixth when it comes to the rate of unemployment, GDP and rate of economic growth, respectively.


Iranian regime’s foreign debt climbs to $44 billion

The Iranian regime’s Central Bank revealed on Friday that the regime has accumulated a foreign debt of up to 44.4 billion dollars up until March 2010, according to the state-run Jahan News.

The report added that the debt increased by 24 million dollars since 2009.

About 8.8 billion dollars of the debt is short-term while 12.7 is long-term foreign debt.


Construction workers protest in Tehran
Hundreds of construction workers in Iran staged a protest this week in front of the Iranian regime’s Majlis (Parliament) building in Tehran against the adoption of a bill annulling social insurance for the workers, according to the state-run ILNA on Monday.

The protest took place as the regime’s Majlis intended to adopt a bill calling for the annulment of compulsive insurance of construction workers.