Iran’s housing crisis aggravated by reluctant sellers

Iran’s enduring housing recession has cost many Iranians their dream of homeownership while depleting their purchasing power due to higher rent. The housing sector is unlikely to return anytime soon to the days when it was Iran’s best investment option. The “Iranian dream” is the same around the world. Iranian families work hard to own a place they can call home, whether it’s a small apartment in Tehran or a house built of mud and stone in a village. Until recent years, the demand for housing was amplified by a volatile economy in which real estate presented the safest option … Continue reading Iran’s housing crisis aggravated by reluctant sellers

Why French carmakers are real winners of Iranian protectionism

My article on Iran’s car manufacturing industry and how French automakers are benefiting from Iranian protectionism. Iran’s auto industry is only second to its energy sector, accounting for some 10% of the gross domestic product and 4% of employment. Showcasing … Continue reading Why French carmakers are real winners of Iranian protectionism

Why Rafsanjani’s real lasting legacy in Iran isn’t in politics

Wrote this back in January for Al-Monitor: Much has been said about the political legacy of former Iranian President Akbar Hashemi Rafsanjani following his death Jan. 8 at the age of 82 from a heart attack, but his most lasting legacy will be in higher education. Ayatollah Rafsanjani was among the founders of Islamic Azad University (IAU) and served as head of its Founders’ Committee, equivalent to chairman of the board, for three decades. While long considered a pillar of Iran’s post-revolutionary political establishment, Ayatollah Akbar Hashemi Rafsanjani’s most lasting legacy is more likely in higher education. Iran’s student population today exceeds 4.5 million, more than 5% … Continue reading Why Rafsanjani’s real lasting legacy in Iran isn’t in politics