BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions    Turkish president holds sideline meetings with world leaders at Egypt summit    S&P Global Ratings upgrade signals renewed confidence in Egypt's economy: CBE Governor    Finance Ministry announces exceptional tourism investment opportunities in Assiut    Al-Sisi, Meloni discuss strengthening Egypt–Italy relations, supporting Gaza ceasefire efforts    Al-Sisi, Merz discuss Gaza ceasefire, ways to deepen Egypt–Germany relations    Gold prices in Egypt extend modest gains on Monday, 13 Oct, 2025    EGX closes in green area on Monday, 13 Oct, 2025    URGENT: Trump arrives in Egypt for Sharm El-Sheikh summit, escorted by Egyptian F-16s    L'Oréal Egypt's 10th summit draws over 800 experts, focuses on dermatology    Egypt's central bank issues EGP 5b FRN T-bonds    URGENT: Netanyahu skips Sharm El-Sheikh peace summit for holy reasons    URGENT: Egypt's Sisi to award Trump highest honour for Gaza peace efforts    Ministers of Egypt، Slovakia sign MoU on environmental protection، climate change    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt's Health Minister showcases Women's Health Initiative at Berlin Innovation Forum    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Iran lawmakers reject Rouhani answers on economic woes
Published in Ahram Online on 28 - 08 - 2018

Iran's parliament voted its dissatisfaction with President Hassan Rouhani on Tuesday after grilling him over the deteriorating economy.
It was the first time Rouhani had been summoned by parliament in his five years in power, and MPs demanded answers on unemployment, rising prices and the sharp depreciation of the rial, which has lost more than half of its value since April.
The lawmakers, who have already impeached his labour and economy ministers this month, were unimpressed.
In votes at the end of the session, they expressed dissatisfaction with Rouhani's responses to four of their five questions on the economy.
Rouhani trod a difficult line, seeking to acknowledge the problems facing ordinary Iranians without admitting to a full-blown crisis.
"It should not be said we are facing a crisis. There is no crisis. If we say there is, it will become a problem for society and then a threat," he told parliament.
Under parliamentary rules, the issues on which lawmakers expressed dissatisfaction will now be referred to the judiciary for review.
As usual, Rouhani offered no concrete policy proposals, instead saying repeatedly that the answer lay in showing the people that the establishment was united.
"You may talk about employment, foreign currency, recession, smuggling... I think the problem is in people's view of the future," he said.
"The people are not afraid of the United States, they are afraid of our disagreements. If the people see we are united, they will realise the problems will be resolved."
But Rouhani's government -- which pushed a "moderate" line of improved relations with the West -- has been badly weakened by Washington's May decision to withdraw from a landmark 2015 nuclear deal between Iran and major powers and reimpose sanctions.
Most foreign firms have abandoned investment projects in Iran, and the next phase of renewed US sanctions in November will hit the crucial oil sector.
The only answer from Rouhani which lawmakers accepted related to international banking sanctions which they agreed were beyond his government's control.
Even after the nuclear deal, major foreign banks continued to refuse to work with Iran, fearing the lack of transparency in its financial sector could lead them into legal trouble.
Despite the impeachment of two of his ministers, Rouhani himself is protected by supreme leader Ayatollah Ali Khamenei, who said recently that removing the president would "play into the hands of the enemy".
But he has lost support even among some of his reformist allies.
"What have we done with this nation? We made them miserable and wretched," said leading reformist MP Elias Hazrati as he voted in favour of impeaching economy minister Masoud Karbasian on Sunday.


Clic here to read the story from its source.