CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

World / Middle East

Iran's Rouhani calls for economic reforms, less reliance on oil

Published: 17 Jan 2016 - 09:23 am | Last Updated: 17 Nov 2021 - 12:52 am
Peninsula

 Iranian President Hassan Rouhani

 

DUBAI: Iranian President Hassan Rouhani called on Sunday for economic reforms and less reliance on oil revenues in the post-sanctions era.

Rouhani, who was submitting the draft budget for the next Iranian fiscal year (beginning March 21) to parliament, told lawmakers that low oil prices were the best reason to cut "the umbilical cord" to oil.

Reuters