Iran Economy News

More economic turmoil in Iran after presidential election

Financial Times: Iran is suffering a new round of economic instability after the unexpected victory of moderate president-elect Hassan Rohani earlier this month. Although...

South Korea pledges 15 percent cut to Iran oil imports: sources

Reuters: South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next...

Georgia says it froze Iranians’ accounts

Wall Street Journal: The Georgian government froze approximately 150 bank accounts tied to Iranian businesses and individuals in order to comply with United...

Mitsubishi-UFJ to pay $250 million to N.Y. regulator

Bloomberg: Bank of Tokyo Mitsubishi-UFJ agreed to pay $250 million to the state of New York to settle claims it transferred billions of...

As sanctions bite, Iranians invest big in Georgia

Wall Street Journal: Economic sanctions against Iran have made it increasingly hard for Iranians to do business abroad. But Iranian businessmen are flocking...

Economy not for donkeys as crisis tops Iran voter concerns

Bloomberg: Decades after Ayatollah Ruhollah Khomeini dismissed it as an asinine matter following the Islamic Revolution in 1979, fixing the worst economy...

Iran bazaar and clergy influence wanes after 1979

AFP: Iran's powerful bazaar merchants and Shiite clergy spearheaded the 1979 Islamic revolution, but their role on the country's political scene has...

Bankrupt Iran ‘plans drastic taxes to keep afloat’

AFP: Iran is bankrupt and the regime is mulling drastic measures to keep the economy afloat, an official from an opposition movement said...

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Must read

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian...

You might also likeRELATED
Recommended to you

Iran says no negotiation based on uranium suspension

AFP: Iran on Saturday stressed it will not negotiate...

Iran discouraging foreign action in oil

UPI: Iranian companies with contracts in the domestic energy...

Iran’s oil minister sacked

Iran Focus: Tehran, Iran, Aug. 12 – Iran’s Minister...