Iran Economy News

ANALYSIS-Iran’s Ahmadinejad takes gamble on subsidy cuts

Reuters: A ragged and torn one-thousand Iranian rial note is worth around $0.10 and can buy you a couple of bus rides across Tehran,...

Iran aims to become gasoline exporter – official

Reuters: Iran seeks to become self-sufficient in gasoline in two years' time and then to start exporting the fuel, an official said on Sunday,...

Shell trims exposure to Iran crude – sources

Reuters: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making ...

Oil trade with Iran thrives, discreetly

Wall Street Journal: An oil tanker named Front Page, chartered by Royal Dutch Shell PLC, left this port on March 17 and reported...

Money well spent?

Iran Focus: Tehran, May 15 – Iran Focus has carried out an investigation into Iran's annual budget and has learnt that huge sums of...

Boeing, Exxon say new Iran sanctions would hurt global sales

Bloomberg: Boeing Co.  and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say may cost $25...

Iran may be storing 38 million barrels of oil at sea, IEA Says

Bloomberg: Iran, holder of the world’s second largest oil reserves, may be storing as much as 38 million barrels of crude at sea...

Iran steps up gas field pressure on foreign firms

Reuters: Iran plans to replace foreign companies which have "dragged their feet for years" with domestic firms in developing its giant South ...

Latest news

Suicide Rising Amongst Women and Girls

Death through suicide is rising amongst Iranian women and girls, likely a direct result of poverty and violence, with...

Iran Pensioners Protest for 4th Week in a Row

Iranian retirees rallied in several cities on Sunday, for the fourth week in a row and despite the increased...

An Overview of Iran’s Complicated Crises

Nowadays, Iran’s economic collapse and its direct effects on political, living, environmental, educational, immigrational affairs have become the main...

Must read

Iran Budget Approved, but Its Not a Good Thing

The Iranian parliament (Majlis) has finally approved the government’s...

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Syria, Iran sign gas pipeline deal

AFP: Syria and Iran signed on Wednesday a deal...

Iraqi VP warns Iran against interference

AFP: Iraqi Vice President Tareq al-Hashemi warned Iran on...