Rouhani Declares Banking Reform to Spur Economy

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Rouhani Declares Banking Reform to Spur Economy Iran: Faisal’s attendance Economy minister Iran Greco-Roman wins Tehran gallery to 21112at MKO meeting signifies 4 apologizes on inflated Asian Cadet Wrestling showcase rarely-seen NATION Saudi stupidity ECONOMY salaries SPORTS Championship ART& CULTURE photos by Kaveh GGolestan WWW.TEHRANTIMES.COM I N T E R N A T I O N A L D A I L Y Newly appointed chief of staff elaborates on four-tier mission 2 12 Pages Price 10,000 Rials 38th year No.12595 Monday JULY 11, 2016 Tir 21, 1395 Shawwal 6, 1437 Iran: Faisal’s Rouhani declares banking attendance at MKO meeting signifies Saudi reform to spur economy stupidity ECONOMY TEHRAN — Banking re- Iranian calendar year, ending March 2017, to increase their ability in providing in the country’s monetary discipline, which deskform as the most impor- President Hassan Rouhani announced on domestic production units with more aims to improve the administration’s financial POLITICAL TEHRAN — An in- tant financial and monetary plan to foster Sunday. loans, Rouhani explained. transparency,” he said. deskformed source at economic growth will start in the current The plan seeks to enable banks “The banking reform plan is a turning point 4 the Iranian Foreign Ministry said on Sunday that Saudi Arabia uses ter- rorism against Muslim countries in the Middle East as an “instrument” to Mourning achieve its objectives. The comments by the Foreign Ministry source came as Prince Tur- crowds bid ki al-Faisal, Saudi Arabia’s former spy chief, attended an annual meeting of the MKO terrorist group in Paris on farewell Saturday during which he pledged to back the group. to Abbas The Foreign Ministry source said that Faisal’s attendance at the meeting is a new example of the Saudi govern- Kiarostami ment’s “stupidity, indecency and politi- By Manijeh Rezapoor cal frustration”. TEHRAN — A huge crowd said Political analysts unanimously be- goodbye to one of the world’s great- lieve that Faisal is the ideological men- est filmmakers, Abbas Kiarsotami, in tor of terrorist groups. his hometown Tehran during a funeral Hossein Amir-Abdollahian, an ad- procession that began at the Institute visor to Foreign Minister Mohammad for Intellectual Development of Chil- Javad Zarif, said on Sunday that there dren and Young Adults (IIDCYA) on is no doubt about the Saudi security Sunday morning. bodies’ relations with the MKO. Cineastes, officials, friends, relatives Financial supports for terrorism are and fans were among those who at- on the agenda of Riyadh, he said. tended the funeral of their beloved Mojtaba Mohammadlu “Riyadh’s strategic mistake in using auteur, who passed away in Paris last terrorism in regional developments will week on Monday at the age of 76. IRNA/ cause us irreparable harms in the re- gion,” Amir-Abdollahian remarked. See page 12 Fans and colleagues carry the coffin of Iranian filmmaker Abbas Kiarostami in Tehran on July 10, 2016. 2 Bulgaria’s Ivan The discourse underlying Brexit has been truly emotive: expert PERSPECTIVE Iliev to conduct By Mukhisa Kituyi Tehran Symphony INTERVIEW A: The short term consequences are already Secretary General of the By Payman Yazdani apparent. More racism in England, major com- United Nations Conference Orchestra panies are moving their headquarters away to on Trade and Development TEHRAN — Head of the Iran center at Lon- mainland Europe, the UK government is in crisis ARTTEHRAN — Bul- don’s School of Oriental and African Studies and the economy is stagnating. Moreover, the Restoring the deskgarian musician says “the discourse underlying Brexit has been image of Britain has been seriously tarnished Ivan Iliev will conduct the Tehran a truly emotive one.” abroad. In an age of global connections and economy’s ability Symphony Orchestra during a con- In an interview with the Tehran Times, Arshin networks, a majority of the voting British popu- to deliver prosperity cert, which will be held at Vahdat Adib-Moghaddam says, “For the moment it is lation has voted to be in confinement. The long the populists and reactionaries who are march- Hall on July 16. term effects of such politics of exclusion will be illions of people around the ing on.” Iliev, who arrived in Tehran late on felt throughout society. world have lost faith that the Saturday, conducted the orchestra The following is the text of the interview: Some claim that contrary to the Oba- M world economy can improve Considering the grave consequences during a rehearsal at Rudaki Hall yes- ma administration’s declared opposition to their lives. Instead of seeing value in of Brexit, why did Britain decide to hold a terday. Brexit the United States will benefit from it open borders and the free exchange referendum on the issue? in the long run. What is your view? of information and ideas, they see only A: The current Prime Minister of Britain, Da- A: Obama was explicitly against Brexit. A uncertainty about their futures, grow- vid Cameron promised a referendum when he right-wing politician such as Donald Trump is in ing inequalities and weak productivity was elected in 2005. He made the promise in Will the consequences of Brexit be support. I am in no doubt that Trump will push gains. Too few people benefit from order to appeal to the Eurosceptics in the Con- short or will they last long? for greater integration between the UK and the new technologies that connect us and servative party and to appeal to a wider range USA, in all fields. The events are in flux, and it make the world smaller, and too many of voters who sympathised with the anti-Euro- all depends on the two elections in the USA face the spectre of terror and conflict, pean UKIP party. So Cameron became hostage “Despite of his solid and the UK. But for the moment it is the pop- forced migration and rising xenopho- to fortune. It is ironic that he was voted into of- record in office, Cameron ulists and reactionaries who are marching on. bia. With globalization in retreat, this fice on the back of his promise to hold the ref- comes out as a tragic As Charles Bukowski once said: “The problem dampened mood is holding back the erendum and that the outcome sealed his fate. Bulgarian musician Ivan Iliev conducts with the world is that the intelligent people are potential of trade, finance, technology Despite of his solid record in office, he comes figure in this Orwellian the Tehran Symphony Orchestra during a full of doubts, while the stupid ones are full of and investment to improve lives. out as a tragic figure in this Orwellian play. play.” rehearsal at Rudaki Hall in Tehran on July confidence.” 9 In the developing world, signifi- 10, 2016. (Honaronline/Bahareh Asadi) cant headwinds now cloud growth prospects, threatening to undo hard The concert is named “Urmia”, after MP escapes assassination attempt in western Iran fought development gains. Lake Urmia, the rapidly drying-up lake In Asia, with weak external demand in northwest Iran. An Iranian lawmaker has survived an assassi- rin, told IRNA. ty and judicial officials are investigating the and the global trade slowdown, many Pieces by Iranian composer Saeid nation attempt in the western province of Ker- He added that the governor of Eslamabad-e assault. value chains are set to shorten and the Sharifian who is also the artistic direc- manshah, a fellow MP says. Gharb and the director general of the fisheries Tajari said the terrorists fled the scene after gains from industrialization look more tor of the event will be performed at The vehicle carrying Heshmatollah Fala- of Kermanshah, also passengers of the vehicle, torching the vehicle with which they had con- difficult to reap. Corporate and house- the concert. hatpisheh, the representative of the county of sustained injuries while the driver and head of ducted the attack. hold debts are rising, and many pre- Iliev studied conducting with Mi- Eslamabad-e Gharb, came under an attack by the Veterinary Department of Dalahou coun- Terrorist groups backed by Iran’s enemies viously fast-growing economies now chael Esselstrom at Indiana Universi- four terrorists as he was travelling to the vil- ty lost their lives in the shooting. have been carrying out acts of terror mostly in face what some are calling the “mid- ty, Victor Yampolsky at Northwestern lage of Rijab on Sunday, Farhad Tajari, an MP The lawmaker said Falahatpisheh escaped border areas during recent months to scuttle dle-income trap”. University and Julian Shew at Louisiana from the western Iranian city of Qasr-e Shi- the attack unhurt, adding that local securi- the country’s security. 2 In Africa, we are seeing a sharp State University. reversal of the frontier market “Africa He has served as music director rising” narrative amidst the end of the and conductor of Indiana University at Iran striker Sardar Azmoun invited to meet President Rouhani commodity super cycle, a drying up of South Bend Symphony. capital inflows, and rising public and He has conducted the IUSB SPORTS TEHRAN — is dreaming to meet the President “No one is happier than me in desk corporate debt. Security threats and Philharmonic Orchestra, South Iranian national in person. the world. Thanks a lot Mr. Rou- failed states are adding to the com- Bend Chamber Orchestra, Loui- team striker Sardar Azmoun has It seems his dream has come hani,” Azmoun wrote on his Insta- plexity, and the largest wave of mi- siana State University Symphony been invited to meet President true a lot sooner than expected. gram page. grants in more than 70 years is being Orchestra, Sarajevo Philharmonic Hassan Rouhani. He is going to talk about Iran Azmoun met President of Ta- driven out of the continent.
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