96-423: [REDACTED] Iran [REDACTED] Asa'ib Ahl al-Haq [REDACTED] Kata'ib Hezbollah The Promised Day Brigade ( abbreviated PDB ; Arabic : لواء اليوم الموعود , romanized : Liwāʾ al-Yawm al-Mawʿūd ), originally called the Muqawimun ( Arabic : المقاومون , romanized : al-Muqāwimūn , "Resisters"), was a Shiite organization and insurgent group operating during
192-422: A 25-year cooperation agreement that will strengthen the relations between the two countries and would include "political, strategic and economic" components. Iran-China relations dates back to at least 200 BC and possibly earlier. Iran is one of the few countries in the world that has a good relationship with both North and South Korea . Iran is a member of dozens of international organizations, including
288-469: A centre for finance in the Middle East , including for Islamic finance . The rapid rise of India has enabled Mumbai to become an emerging financial centre. India is also making an International Financial Centre GIFT City from scratch. GIFT city is now functional and has already won the crown of fastest emerging International Finance Centre of South Asia. Linked to the rise of these new IFCs, has seen
384-480: A ceremonial body without any real power. The political system is based on the country's constitution . Iran ranked 154th in the 2022 The Economist Democracy Index . Juan José Linz wrote in 2000 that "the Iranian regime combines the ideological bent of totalitarianism with the limited pluralism of authoritarianism ". The President is head of government and the second highest-ranking authority, after
480-590: A close economic and military alliance, and are subject to heavy sanctions by Western nations. Iran is the only country in Western Asia that has been invited to join the CSTO , the Russia-based international treaty organization that parallels NATO . Relations between Iran and China are strong economically; they have developed a friendly, economic and strategic relationship. In 2021, Iran and China signed
576-542: A distinct political and cultural entity. The Muslim conquest of Persia (632–654) ended the Sasanian Empire and marked a turning point in Iranian history, leading to the Islamization of Iran from the eighth to tenth centuries and the decline of Zoroastrianism . However, the achievements of prior Persian civilizations were absorbed into the new Islamic polity. Iran suffered invasions by nomadic tribes during
672-538: A financial city: "a pool of capital to lend or invest; a decent legal and taxation framework; and high-quality human resources". New York, London, and Tokyo are in every list of major IFCs. Some of the major RFCs (see below), such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs in some lists. These centres appear in all FSF–IMF lists of OFCs and, bar the Caribbean OFCs of the Cayman Islands,
768-553: A leading international financial centre since the 19th century , acting as a centre of lending and investment around the world. English contract law was adopted widely for international finance , with legal services provided in London. Financial institutions located there provided services internationally such as Lloyd's of London (founded 1686) for insurance and the Baltic Exchange (founded 1744) for shipping. During
864-538: A major financial centre in the 1980s as the Japanese economy became one of the largest in the world. Hong Kong and Singapore developed soon after leveraging their links with London and Britain. In the 21st century, other centres have grown including Toronto, Sydney, Seoul, Shanghai and Astana . Astana International Financial Centre has become the fastest growing financial hub in Central Asia. Dubai has become
960-503: A moderate position internationally. In 1997, Rafsanjani was succeeded by moderate reformist Mohammad Khatami , whose government advocated freedom of expression , constructive diplomatic relations with Asia and the European Union , and an economic policy that supported a free market and foreign investment. The 2005 presidential election brought conservative populist and nationalist candidate Mahmoud Ahmadinejad to power. He
1056-471: A strong response from Iran, based on their historical and cultural background. Iran has full-control over the islands. Kish island , as a free trade zone , is touted as a consumer's paradise, with malls, shopping centres, tourist attractions, and luxury hotels. Qeshm is the largest island in Iran, and a UNESCO Global Geopark since 2016. Its salt cave, Namakdan, is the largest in the world, and one of
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#17327918583121152-420: A wide range of financial services , for example relating to mergers and acquisitions , public offerings , or corporate actions ; or which participate in other areas of finance , such as private equity , hedge funds , and reinsurance . Ancillary financial services include rating agencies , as well as provision of related professional services , particularly legal advice and accounting services. As of
1248-1212: A working paper on OFCs, but which also proposed a taxonomy on classifying the various types of global financial centres, which they listed as follows (with the description and examples they noted as typical of each category, also noted): The IMF noted that the three categories were not mutually exclusive and that various locations could fall under the definition of an OFC and an RFC, in particular (e.g. Singapore and Hong Kong were cited). International Financial Centres, and many Regional Financial Centres, are full–service financial centres with direct access to large capital pools from banks, insurance companies, investment funds, and listed capital markets, and are major global cities . Offshore Financial Centres, and also some Regional Financial Centres, tend to specialise in tax-driven services, such as corporate tax planning tools , tax–neutral vehicles, and shadow banking / securitisation , and can include smaller locations (e.g. Luxembourg ), or city-states (e.g. Singapore). Since 2010, academics consider Offshore Financial Centres synonymous with tax havens . The IMF noted that OFCs could be set up for legitimate purposes (listing various reasons), but also for what
1344-577: Is officially governed as a unitary Islamic republic with a presidential system , with ultimate authority vested in a Supreme Leader. The government is authoritarian and has attracted widespread criticism for its significant violations of human rights and civil liberties. Iran is a major regional power , due to its large reserves of fossil fuels , including the world's second largest natural gas supply , third largest proven oil reserves , its geopolitically significant location, military capabilities , cultural hegemony , regional influence, and role as
1440-458: Is a diverse range of financial centres worldwide. While New York and London often stand out as the leading global financial centres, other established financial centres provide significant competition and several newer financial centres are developing. Despite this proliferation of financial centres, academics have discussed evidence showing increasing concentration of financial activity in the largest national and international financial centres in
1536-452: Is accountable only to the Rahbar. The Court's rulings are final and cannot be appealed. The Assembly of Experts, which meets for one week annually, comprises 86 "virtuous and learned" clerics elected by adult suffrage for 8-year terms. Iran is subdivided into thirty-one provinces ( Persian : استان ostân ), each governed from a local centre, usually the largest local city, which is called
1632-527: Is divided into five regions with 31 provinces . Tehran is the nation's capital , largest city and financial center . A cradle of civilization , Iran has been inhabited since the Lower Palaeolithic . The large part of Iran was first unified as a political entity by the Medes under Cyaxares in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus
1728-478: Is four times that of Europe's. There are over 200 protected areas to preserve biodiversity and wildlife, with over 30 being national parks . Iran's living fauna includes 34 bat species, Indian grey mongoose , small Indian mongoose , golden jackal , Indian wolf , foxes , striped hyena , leopard , Eurasian lynx , brown bear and Asian black bear . Ungulate species include wild boar , urial , Armenian mouflon , red deer , and goitered gazelle . One of
1824-559: Is in a seismically active area. On average, an earthquake of magnitude seven on the Richter scale occurs once every ten years. Most earthquakes are shallow-focus and can be very devastating, such as the 2003 Bam earthquake . Iran consists of the Iranian Plateau . It is one of the world's most mountainous countries; its landscape is dominated by rugged mountain ranges that separate basins or plateaus . The populous west part
1920-1007: Is mandatory for all male citizen aged 18 to serve around 14 months in the IRIAF or IRGC. Financial center A financial centre ( financial center in American English ) or financial hub is a location with a significant concentration of participants in banking asset management , insurance , and financial markets , with venues and supporting services for these activities to take place. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds , insurers, and hedge funds ), and issuers (such as companies and governments). Trading activity can take place on venues such as exchanges and involve clearing houses , although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer
2016-551: Is the highest judge of the Supreme Court of Iran . The Chief Justice nominates candidates to serve as minister of justice, and the President selects one. The Chief Justice can serve for two five-year terms. The Special Clerical Court handles crimes allegedly committed by clerics , although it has taken on cases involving laypeople . The Special Clerical Court functions independently of the regular judicial framework and
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#17327918583122112-635: Is the most mountainous, with ranges such as the Caucasus , Zagros , and Alborz , the last containing Mount Damavand , Iran's highest point, at 5,610 m (18,406 ft), which is the highest volcano in Asia. Iran's mountains have impacted its politics and economics for centuries. The north part is covered by the lush lowland Caspian Hyrcanian forests , near the southern shores of the Caspian Sea. The east part consists mostly of desert basins, such as
2208-489: The Army , the head of Supreme National Security Council , and has the power to declare a state of emergency after passage by the parliament. The President is responsible for the implementation of the constitution, and for the exercise of executive powers in implementing the decrees and general policies as outlined by the Rahbar, except for matters directly related to the Rahbar, who has the final say. The President functions as
2304-620: The Caucasus to the Russian Empire following the Russo-Persian Wars . Iran remained a monarchy until the 1979 Iranian Revolution , when it officially became an Islamic republic on 1 April 1979. Since then, Iran has experienced significant political, social, and economic changes. The establishment of the Islamic Republic of Iran led to the restructuring of its political system, with Ayatollah Khomeini as
2400-625: The G-15 , G-24 , G-77 , IAEA , IBRD , IDA , NAM , IDB , IFC , ILO , IMF , IMO , Interpol , OIC , OPEC , WHO , and the UN , and currently has observer status at the WTO . The military is organized under a unified structure, the Islamic Republic of Iran Armed Forces , comprising the Islamic Republic of Iran Army , which includes the Ground Forces , Air Defence Force , Air Force , and Navy ;
2496-890: The Global Financial Centres Index and the Xinhua–Dow Jones International Financial Centres Development Index . The Global Financial Centres Index ("GFCI") is compiled semi-annually by the London -based think tank Z/Yen in conjunction with the Shenzhen -based think tank China Development Institute . The 36th edition of the GFCI was published in September 2024. Old finance centres such as Amsterdam, London, Paris, and New York have long histories . Today there
2592-592: The Gulf of Oman and the Persian Gulf to the south. With a multi-ethnic population of almost 90 million in an area of 1,648,195 km (636,372 sq mi), Iran ranks 17th globally in both geographic size and population . It is the sixth-largest country entirely in Asia and one of the world's most mountainous countries. Officially an Islamic republic , Iran has a Muslim-majority population . The country
2688-615: The Iraq War and later the Syrian Civil War . In 2010, it was one of the largest and most powerful "Special Groups" (an American term for Iranian-backed Shiite paramilitary groups in Iraq). The group was created as successor to Muqtada al-Sadr 's Mahdi Army , which was Iraq's largest Shiite militant group until its disbanding in 2008, he also called on other Special Groups to join the brigade. Sadr had earlier already talked about
2784-714: The Islamic Revolutionary Guard Corps , which consists of the Ground Forces , Aerospace Force , Navy , Quds Force , and Basij ; and the Law Enforcement Command (Faraja), which serves an analogous function to a gendarme . While the IRIAF protects the country's sovereignty in a traditional capacity, the IRGC is mandated to ensure the integrity of the Republic, against foreign interference, coups, and internal riots. Since 1925 , it
2880-584: The Italian city-states (such as Venice and Genoa ) of the late medieval and early Renaissance periods while Florence can be said to be the birthplace of double-entry bookkeeping from the publication and proliferation of the work of Luca Pacioli . In the sixteenth century, the overall economic supremacy of the Italian city-states gradually waned, and the centre of financial activities in Europe shifted to
2976-724: The Kassites , Mannaeans , and Gutians . Georg Wilhelm Friedrich Hegel called the Persians the "first Historical People". The Iranian Empire began in the Iron Age with the rise of the Medes , who unified Iran as a nation and empire in 625 BC. The Achaemenid Empire (550–330 BC), founded by Cyrus the Great , was the largest empire the world had seen, spanning from the Balkans to North Africa and Central Asia . They were succeeded by
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3072-763: The Kavir Desert , which is the country's largest desert, and the Lut Desert , as well as salt lakes . The Lut Desert is the hottest recorded spot on the Earth's surface, with 70.7 °C recorded in 2005. The only large plains are found along the coast of the Caspian and at the north end of the Persian Gulf, where the country borders the mouth of the Arvand river . Smaller, discontinuous plains are found along
3168-623: The Late Middle Ages and early modern period , negatively impacting the region. Iran was reunified as an independent state in 1501 by the Safavid dynasty , which established Shia Islam as the empire's official religion, marking another turning point in the history of Islam . Iran functioned again as a leading world power, especially in rivalry with the Ottoman Empire . In the 19th century, Iran lost significant territories in
3264-464: The Low Countries , first to Bruges , and later to Antwerp and Amsterdam which acted as Entrepôt cities. They also became important centres of financial innovation, capital accumulation and investment. By the early 1800s, London officially replaced Amsterdam as the world's leading financial centre. London and Paris were the world's only prominent financial centres throughout most of
3360-618: The Pahlavi dynasty . Attempts by Mohammad Mosaddegh to nationalize the oil industry led to an Anglo-American coup in 1953 . After the Iranian Revolution , the monarchy was overthrown in 1979 and the Islamic Republic of Iran was established by Ruhollah Khomeini , who became the country's first Supreme Leader . In 1980, Iraq invaded Iran , sparking the eight-year-long Iran–Iraq War , which ended in stalemate. Iran
3456-537: The Republic of Azerbaijan (611 km or 380 mi); to the north by the Caspian Sea ; to the northeast by Turkmenistan (992 km or 616 mi); to the east by Afghanistan (936 km or 582 mi) and Pakistan (909 km or 565 mi); to the south by the Persian Gulf and the Gulf of Oman ; and to the west by Iraq (1,458 km or 906 mi) and Turkey (499 km or 310 mi). Iran
3552-650: The Seleucid , Parthian , and Sasanian Empires , who governed Iran for almost 1,000 years, making Iran a leading power once again. Persia's arch-rival during this time was the Roman Empire and its successor, the Byzantine Empire . Iran endured invasions by the Macedonians , Arabs , Turks , and Mongols . Despite these invasions, Iran continually reasserted its national identity and developed as
3648-560: The South Caucasus . However, they have shared common interests, such as the issue of Kurdish separatism and the Qatar diplomatic crisis . Iran has a close and strong relationship with Tajikistan . Iran has deep economic relations and alliance with Iraq , Lebanon and Syria, with Syria often described as Iran's "closest ally". Russia is a key trading partner, especially in regard to its excess oil reserves. Both share
3744-544: The parliament . The Rahbar is the commander-in-chief of the Armed Forces , controls military intelligence and security operations, and has sole power to declare war or peace. The heads of the judiciary, state radio and television networks, commanders of the police and military, and the members of the Guardian Council are all appointed by the Rahbar. The Assembly of Experts is responsible for electing
3840-606: The 11th century in the Kingdom of England at the annual fair of St. Giles and in the Kingdom of Germany at the Frankfurt autumn fair, then developed in medieval France during the Champaign Fairs. The first real international financial centre was the city state of Venice which slowly emerged from the 9th century to its peak in the 14th century. Tradable bonds as a commonly used type of security, were invented by
3936-626: The 16th century, the native Safavids re-established a unified Iranian state with Twelver Shi'ism as the official religion . During the Afsharid Empire in the 18th century, Iran was a leading world power, though by the 19th century, it had lost significant territory through conflicts with the Russian Empire . The early 20th century saw the Persian Constitutional Revolution and the establishment of
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4032-595: The 19th century. After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centres found market niches , such as Amsterdam, Brussels , Zurich , and Geneva . London was the leading international financial centre in the four decades before World War I . Since then, New York and London have developed leading positions in different activities and some non-Western financial centres have grown in prominence, notably Tokyo , Hong Kong , Singapore and Shanghai . London has been
4128-604: The 2024 edition of the Global Financial Centres Index , New York City , London and Hong Kong ranked top 3 globally, while other well known financial centres include Singapore , Shanghai , Frankfurt and Tokyo , amongst others. In April 2000, the Financial Stability Forum ("FSF"), concerned about OFCs on global financial stability produced a report listing 42 OFCs. In June 2000, the International Monetary Fund (IMF) published
4224-483: The 20th century London played an important role in the development of new financial products such as the Eurodollar and Eurobonds in the 1960s, international asset management and international equities trading in the 1980s, and derivatives in the 1990s. London continues to maintain a leading position as a financial centre in the 21st century, and maintains the largest trade surplus in financial services around
4320-477: The 21st century. Others have discussed the ongoing dominance of New York and London, and the role linkages between these two financial centres played in the financial crisis of 2007–08 . Comparisons of financial centres focus on their history, role and significance in serving national, regional and international financial activity. Each centre's offering includes differing legal, tax and regulatory environments. One journalist suggested three factors for success as
4416-905: The 2nd-most powerful person in Iran, was assassinated by the US , heightening tensions between them . Iran retaliated against US airbases in Iraq , the largest ballistic missile attack ever on Americans; 110 sustained brain injuries . Hardliner Ebrahim Raisi ran for president again in 2021 , succeeding Hassan Rouhani . During Raisi's term, Iran intensified uranium enrichment , hindered international inspections, joined SCO and BRICS, supported Russia in its invasion of Ukraine and restored diplomatic relations with Saudi Arabia. In April 2024, Israel's airstrike on an Iranian consulate , killed an IRGC commander. Iran retaliated with UAVs , cruise and ballistic missiles ; 9 hit Israel. Western and Jordanian military helped Israel down some Iranian drones. It
4512-401: The 4th largest province, also known as Pârs . The Persian Fârs (فارس), derived from the earlier form Pârs (پارس), which is in turn derived from Pârsâ ( Old Persian : 𐎱𐎠𐎼𐎿). Due to Fars' historical importance, Persia originated from this territory through Greek in around 550 BC, and Westerners referred to the entire country as Persia , until 1935, when Reza Shah requested
4608-549: The British Virgin Islands, and Bermuda, represent all the major OFCs. Some also appear as RFCs in various lists, particularly Hong Kong, and Singapore. They also appear on most lists of major tax havens , and on lists of the largest Conduit and Sink OFCs in the world. In some lists, RFCs such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs, however, they do not appear in all lists. They are certainly major RFCs. Primitive financial centres started in
4704-567: The British pronunciation and / ɪ ˈ r æ n / as the American pronunciation. Voice of America 's pronunciation guide provides / ɪ ˈ r ɑː n / . Iran is home to one of the world's oldest continuous major civilizations, with historical and urban settlements dating back to 4000 BC. The western part of the Iranian plateau participated in the traditional ancient Near East with Elam (3200–539 BC), and later with other peoples such as
4800-474: The Conduit OFC's extensive networks of global bilateral tax treaties . Because Sink OFCs are more closely associated with traditional tax havens, they tend to have more limited treaty networks and access to global higher–tax locations. Prior to the 1960s, there was little data available to rank financial centres. In recent years many rankings have been developed and published. Two of the most relevant are
4896-668: The Great founded the Achaemenid Empire , one of the largest in ancient history . Alexander the Great conquered the empire in the fourth century BC. An Iranian rebellion established the Parthian Empire in the third century BC and liberated the country, which was succeeded by the Sasanian Empire in the third century AD. Ancient Iran saw some of the earliest developments of writing, agriculture, urbanisation, religion and central government. Muslims conquered
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#17327918583124992-473: The Guardian Council is not needed. The Leader can revert the decisions of the Guardian Council. The constitution gives the council three mandates: veto power over legislation passed by the parliament , supervision of elections and approving or disqualifying candidates seeking to run in local, parliamentary, presidential, or Assembly of Experts elections. The council can nullify a law based on two accounts: being against Sharia (Islamic law), or being against
5088-444: The Guardian Council, and serves as an advisory body to the Supreme Leader, making it one of the most powerful governing bodies in Iran. The Parliament has 207 constituencies, including the 5 reserved seats for religious minorities. The remaining 202 are territorial, each covering one or more of Iran's counties . Iran uses a form of Sharia law as its legal system, with elements of European Civil law . The Supreme Leader appoints
5184-400: The IMF called dubious purposes , citing tax evasion and money–laundering. In 2007, the IMF produced the following definition of an OFC: a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy . The FSF annual reports on global shadow banking use the IMF definition to track the OFCs with
5280-433: The Iranians), recognised as a derivative of Proto-Indo-European language *ar-yo- , meaning ' one who assembles (skilfully) ' . According to Iranian mythology , the name comes from Iraj , a legendary king. Iran was referred to as Persia by the West , due to Greek historians who referred to all of Iran as Persís , meaning 'the land of the Persians '. Persia is the Fars province in southwest Iran,
5376-407: The Persian Gulf and Gulf of Oman have mild winters, and very humid and hot summers. The annual precipitation ranges from 135 to 355 mm (5.3 to 14.0 in). More than one-tenth of the country is forested . About 120 million hectares of forests and fields are government-owned for national exploitation. Iran's forests can be divided into five vegetation regions: Hyrcanian region which forms
5472-408: The Promised Day Brigades poses the greatest threat to Iraq's long-term security. Iran Iran , officially the Islamic Republic of Iran ( IRI ), also known as Persia , is a country in West Asia . It borders Turkey to the northwest and Iraq to the west, Azerbaijan , Armenia , the Caspian Sea , and Turkmenistan to the north, Afghanistan to the east, Pakistan to the southeast,
5568-419: The Rahbar, and has the power to dismiss him on the basis of qualifications and popular esteem. To date, the Assembly of Experts has not challenged any of the Rahbar's decisions nor attempted to dismiss him. The previous head of the judicial system, Sadeq Larijani , appointed by the Rahbar, said that it is illegal for the Assembly of Experts to supervise the Rahbar. Many believe the Assembly of Experts has become
5664-450: The Revolution or Supreme Leadership Authority, is the head of state and responsible for supervision of policy. The president has limited power compared to the Rahbar. Key ministers are selected with the Rahbar's agreement and they have the ultimate say on foreign policy. The Rahbar is directly involved in ministerial appointments for Defence, Intelligence and Foreign Affairs, as well as other top ministries after submission of candidates from
5760-468: The Supreme Leader. Iran's foreign relations have been shaped by the Iran–Iraq War (1980–1988), ongoing tensions with the United States, and its nuclear program, which has been a point of contention in international diplomacy. In 1989, Akbar Rafsanjani concentrated on a pro-business policy of rebuilding the economy without breaking with the ideology of the revolution. He supported a free market domestically, favoring privatization of state industries and
5856-402: The Supreme Leader. The President is elected by universal suffrage for 4 years. Before elections , nominees to become a presidential candidate must be approved by the Guardian Council . The Council's members are chosen by the Leader, with the Leader having the power to dismiss the president. The President can only be re-elected for one term. The president is the deputy commander-in-chief of
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#17327918583125952-404: The academic lists of tax havens include all the FSF–IMF OFCs). In July 2017, a study by the University of Amsterdam 's CORPNET group, broke down the definition of an OFC into two subgroups, Conduit and Sink OFCs : Sink OFCs rely on Conduit OFCs to re–route funds from high–tax locations using base erosion and profit shifting ("BEPS") tax planning tools, which are encoded, and accepted, in
6048-432: The battle and even managed to destroy the house of Abdul Hadi al-Darraji , a senior Asa'ib Ahl al-Haq leader. Since then, the PDB has been the most powerful Special Group in the ex-Mahdi Army stronghold of Sadr City and has increased its activity there. On July 21, 2010, General Ray Odierno said Iran supports three Shiite groups in Iraq that had attempted to attack US bases: US officials believe that of these three groups,
6144-574: The capital (Persian: مرکز , markaz ) of that province. The provincial authority is headed by a governor-general ( استاندار ostândâr ), who is appointed by the Minister of the Interior subject to approval of the cabinet . Iran maintains diplomatic relations with 165 countries , but not the United States and Israel —a state which Iran derecognised in 1979. Iran has an adversarial relationship with Saudi Arabia due to different political and ideologies. Iran and Turkey have been involved in modern proxy conflicts such as in Syria , Libya , and
6240-432: The constitution. The Supreme National Security Council (SNSC) is at the top of the foreign policy decisions process. The council was formed during the 1989 Iranian constitutional referendum for the protection and support of national interests, the revolution, territorial integrity and national sovereignty. It is mandated by Article 176 of the Constitution to be presided over by the President . The Leader selects
6336-409: The creation of a smaller guerrilla unit which would continue the Mahdi Army's armed activities but for the first time gave the organisation a name in November 2008 when he declared the creation of the Promised Day Brigade. Its activities have particularly increased since May 2009. The group's name is in reference to an alternate term for the Islamic Day of Judgment . In 2013, the US military alleged that
6432-473: The executive of affairs such as signing treaties and other international agreements, and administering national planning, budget, and state employment affairs, all as approved by the Rahbar. The President appoints ministers, subject to the approval of the Parliament, and the Rahbar, who can dismiss or reinstate any minister. The President supervises the Council of Ministers , coordinates government decisions, and selects government policies to be placed before
6528-416: The focus of new worldwide growth. One source described New York as extending its lead as the world's centre of finance in September 2018; according to Reuters , the think-tank New Financial concluded the "raw" value of domestic and international financial activity like managing assets and issuing equity underscored the position of New York as the world's leading financial centre. New York City remains
6624-400: The green belt of the north side of the country; the Turan region, which are mainly scattered in the center of Iran; Zagros region , which mainly contains oak forests in the west; the Persian Gulf region , which is scattered in the southern coastal belt; the Arasbarani region , which contains rare and unique species. More than 8,200 plant species are grown. The land covered by natural flora
6720-413: The group was receiving Iranian support. A crackdown against the group, in the end 2009, led to the arrest of 18 of its members including several commanders. On November 29, 2009, the group's leader in Basra was arrested in al-Amarah . In October 2009, the Promised Day Brigade fought a battle with rival Special Group Asa'ib Ahl al-Haq for influence in Sadr City . The Promised Day Brigade reportedly won
6816-453: The head of the Supreme Court and chief public prosecutor. There are several types of courts, including public courts that deal with civil and criminal cases, and revolutionary courts which deal with certain offences, such as crimes against national security . The decisions of the revolutionary courts are final and cannot be appealed. The Chief Justice is the head of the judicial system and responsible for its administration and supervision. He
6912-798: The international community to use its native and original name, Iran ; Iranians called their nation Iran since at least 1000 BC. Today, both Iran and Persia are used culturally, while Iran remains mandatory in official use. The Persian pronunciation of Iran is [ʔiːˈɾɒːn] . Commonwealth English pronunciations of Iran are listed in the Oxford English Dictionary as / ɪ ˈ r ɑː n / and / ɪ ˈ r æ n / , while American English dictionaries provide pronunciations which map to / ɪ ˈ r ɑː n , - ˈ r æ n , aɪ ˈ r æ n / , or / ɪ ˈ r æ n , ɪ ˈ r ɑː n , aɪ ˈ r æ n / . The Cambridge Dictionary lists / ɪ ˈ r ɑː n / as
7008-528: The land of the Aryans ' derives from Middle Persian Ērān , first attested in a 3rd-century inscription at Naqsh-e Rostam , with the accompanying Parthian inscription using Aryān , in reference to the Iranians . Ērān and Aryān are oblique plural forms of gentilic nouns ēr- (Middle Persian) and ary- (Parthian), deriving from Proto-Iranian language *arya- (meaning ' Aryan ', i.e. of
7104-599: The largest centre for trading in public equity and debt capital markets , driven in part by the size and financial development of the U.S. economy . The NYSE and NASDAQ are the two largest stock exchanges in the world. New York also leads in hedge fund management; private equity ; and the monetary volume of mergers and acquisitions . Several investment banks and investment managers headquartered in New York City are important participants in other financial centres. The New York Federal Reserve Bank ,
7200-419: The largest financial centres relative to their domestic economies. Progress from 2000 onwards from IMF – OECD – FATF initiatives on common standards, regulatory compliance , and banking transparency, has reduced the regulatory attraction of OFCs over IFCs and RFCs. Since 2010, academics considered the services of OFCs to be synonymous with tax havens , and use the term OFC and tax haven interchangeably (e.g.
7296-491: The largest within the Federal Reserve System , regulates financial institutions and implements U.S. monetary policy , which in turn influences the world's economy. The three major global credit rating agencies – Standard and Poor's , Moody's Ratings , and Fitch Ratings – are headquartered or co–headquartered in New York City, with Fitch being co–headquartered in London. In Asia , Tokyo emerged as
7392-551: The legislature. Eight Vice Presidents serve under the President, as well as a cabinet of 22 ministers, all appointed by the president. Presidential and parliamentary candidates must be approved by the 12-member Guardian Council (all members of which are appointed by the Leader) or the Leader, before running to ensure their allegiance. The Leader rarely does the vetting, but has the power to do so, in which case additional approval of
7488-655: The military or used for wildlife protection, and entry is prohibited or requires a permit. Iran took control of Bumusa , and the Greater and Lesser Tunbs in 1971, in the Strait of Hormuz between the Persian Gulf and Gulf of Oman. Despite the islands being small and having little natural resources or population, they are highly valuable for their strategic location. Although the United Arab Emirates claims sovereignty, it has consistently been met with
7584-441: The most famous animals is the critically endangered Asiatic cheetah , which survives only in Iran. Iran lost all its Asiatic lions and the extinct Caspian tigers by the early 20th century. Domestic ungulates are represented by sheep , goat , cattle , horse , water buffalo , donkey and camel . Bird species like pheasant , partridge , stork , eagles and falcons are native. The Supreme Leader , "Rahbar", Leader of
7680-557: The national budget. All parliamentary candidates and legislation from the assembly must be approved by the Guardian Council . The Guardian Council can and has dismissed elected members of the parliament. The parliament has no legal status without the Guardian Council, and the Council holds absolute veto power over legislation. The Expediency Discernment Council has the authority to mediate disputes between Parliament and
7776-529: The president. Regional policy is directly controlled by the Rahbar, with the Ministry of Foreign Affairs' task limited to protocol and ceremonial occasions. Ambassadors to Arab countries, for example, are chosen by the Quds Force , which directly reports to the Rahbar. The Rahbar can order laws to be amended. Setad was estimated at $ 95 billion in 2013 by Reuters, accounts of which are secret even to
7872-604: The region in the seventh century AD, leading to Iran's Islamization . The blossoming literature , philosophy , mathematics , medicine , astronomy and art became major elements for Iranian civilization during the Islamic Golden Age . A series of Iranian Muslim dynasties ended Arab rule, revived the Persian language and ruled the country until the Seljuk and Mongol conquests of the 11th to 14th centuries. In
7968-706: The remaining coast of the Persian Gulf, the Strait of Hormuz , and Gulf of Oman. Iranian islands are mainly located in the Persian Gulf. Iran has 102 islands in Urmia Lake , 427 in Aras River , several in Anzali Lagoon , Ashurade Island in the Caspian Sea , Sheytan Island in the Oman Sea and other inland islands. Iran has an uninhabited island at the far end of the Gulf of Oman , near Pakistan. A few islands can be visited by tourists. Most are owned by
8064-551: The rise of "partner OFCs" (offshore tax-havens to which funds are routed), such as Taiwan (a major Sink OFC for Asia, and 7th largest global Sink OFC), Mauritius (a major Sink OFC for South Asia, especially India, and Africa, and the 9th largest global Sink OFC). The private nationwide financial system in China was first developed by the Shanxi merchants , with the creation of so-called "draft banks". The first draft bank Rishengchang
8160-715: The second largest concentration of hedge funds (847 according to HedgeLists.com). London benefits from its position between the Asia and U.S. time zones, and benefited from its location within the European Union , although this ended on 31 January 2020 when the United Kingdom left the European Union following the Brexit referendum of 2016. As well as the London Stock Exchange , the Bank of England ,
8256-679: The second oldest central bank, is in London, although the European Banking Authority moved to Paris after Brexit. Since the middle of the 20th century, New York City, represented by Wall Street in Manhattan's Financial District , has been described as a leading financial centre. Over the past few decades, with the rise of a multipolar world with new regional powers and global capitalism , numerous financial centres have challenged Wall Street, particularly London and several in Asia, which some analysts believe will be
8352-619: The secretary of the Supreme Council, and the decisions of the council are effective after the confirmation by the Leader. The SNSC formulates nuclear policy, and would become effective if they are confirmed by the Leader. The legislature , known as the Islamic Consultative Assembly (ICA), Iranian Parliament or "Majles", is a unicameral body comprising 290 members elected for four-years. It drafts legislation, ratifies international treaties , and approves
8448-573: The west part. The UN Resident Coordinator for Iran, has said that " Water scarcity poses the most severe human security challenge in Iran today". To the west, settlements in the Zagros basin experience lower temperatures, severe winters with freezing average daily temperatures and heavy snowfall. The east and central basins are arid, with less than 200 mm (7.9 in) of rain and have occasional deserts. Average summer temperatures rarely exceed 38 °C (100.4 °F). The southern coastal plains of
8544-604: The world's focal point of Shia Islam . The Iranian economy is the world's 23rd-largest by PPP . Iran is a founding member of the United Nations , OIC , OPEC , and ECO as well as a current member of the NAM , SCO , and BRICS . Iran is home to 28 UNESCO World Heritage Sites , the 10th highest in the world, and ranks 5th in Intangible Cultural Heritage , or human treasures. The term Iran '
8640-451: The world's longest caves. Iran's climate is diverse, ranging from arid and semi-arid , to subtropical along the Caspian coast and northern forests. On the north edge of the country, temperatures rarely fall below freezing and the area remains humid. Summer temperatures rarely exceed 29 °C (84.2 °F). Annual precipitation is 680 mm (26.8 in) in the east part of the plain and more than 1,700 mm (66.9 in) in
8736-475: The world. However, like New York, it faces new competitors including fast-rising eastern financial centres such as Hong Kong and Shanghai. London is the largest centre for derivatives markets , foreign exchange markets , money markets , issuance of international debt securities , international insurance , trading in gold, silver and base metals through the London bullion market and London Metal Exchange , and international bank lending . London has
8832-592: Was created in 1823 in Pingyao . Some large draft banks had branches in Russia, Mongolia and Japan to facilitate the international trade. Throughout the nineteenth century, the central Shanxi region became the de facto financial centres of Qing China. With the fall of Qing Dynasty, the financial centres gradually shifted to Shanghai , mainly due to its geographical location at the estuary of the Yangtze River and to
8928-511: Was elected to office. Iran has an area of 1,648,195 km (636,372 sq mi). It is the sixth-largest country entirely in Asia and the second-largest in West Asia. It lies between latitudes 24° and 40° N , and longitudes 44° and 64° E . It is bordered to the northwest by Armenia (35 km or 22 mi), the Azeri exclave of Nakhchivan (179 km or 111 mi), and
9024-600: Was known for his hardline views, nuclearisation, and hostility towards Israel , Saudi Arabia , the UK , the US and other states. He was the first president to be summoned by the parliament to answer questions regarding his presidency. In 2013, centrist and reformist Hassan Rouhani was elected president. In domestic policy, he encouraged personal freedom, free access to information, and improved women's rights. He improved Iran's diplomatic relations through exchanging conciliatory letters. The Joint Comprehensive Plan of Action (JCPOA)
9120-658: Was reached in Vienna in 2015, between Iran, the P5+1 ( UN Security Council + Germany) and the EU. The negotiations centered around ending the economic sanctions in exchange for Iran's restriction in producing enriched uranium . In 2018, however, the US under Trump Administration withdrew from the deal and new sanctions were imposed. This nulled the economic provisions, left the agreement in jeopardy, and brought Iran to nuclear threshold status . In 2020, IRGC general, Qasem Soleimani ,
9216-642: Was the largest drone strike in history, biggest missile attack in Iranian history, its first ever direct attack on Israel and the first time since 1991 , Israel was directly attacked by a state force. This occurred during heightened tensions amid the Israeli invasion of the Gaza Strip . In May 2024, President Raisi was killed in a helicopter crash , and Iran held a presidential election in June, when reformist and former Minister of Health , Masoud Pezeshkian ,
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