Iran Economy News

Iran’s Central Bank to reduce euro, dollar reserves

Bloomberg: Iran will reduce the proportion of euros and dollars in its reserves, while maintaining its overseas holdings of the Western currencies in the...

LUKOIL trading arm Litasco not selling to Iran – CEO

Reuters: The head of the trading arm of LUKOIL said on Thursday his company Litasco was not selling gasoline to Iran, one day after...

Iran curbs LNG-export ambitions

Wall Street Journal: Iran is greatly curbing its once-lofty ambitions to become a major liquefied natural-gas exporter, a reversal that energy executives and analysts...

Iranian government plans IPO of 5% of Dana Insurance this month, TSE Says

Bloomberg: The Iranian government plans to sell shares in Dana Insurance Co. representing 5 percent of the total, the Tehran Stock Exchange said today....

RPT-Russia’s LUKOIL resumes gasoline supply to Iran -trade

Reuters: Russian oil giant LUKOIL has resumed gasoline sales into Iran in partnership with China's state-run firm Zhuhai Zhenrong, even as the United States...

Turkey backs petrol sales to Iran despite sanctions

Reuters: Turkey will support petrol sales by Turkish companies to Iran, Energy Minister Taner Yildiz told Reuters on Wednesday, despite U.S. sanctions that aim...

Turkey-Iran gasoline sales dive as sanctions bite

Reuters: Turkey's gasoline sales to Iran fell by 73 percent in July as U.S.-led sanctions came into force, data from the Istanbul Exporters Association...

Iran to expunge ‘dirty’ dollar and euro reserves

AP: Iran announced plans Monday to get rid of its dollar and euro reserves in response to the latest U.N. sanctions over its contested...

Latest news

Iran: Countdown and Alarm of Youth and Hunger People’s Riots

“What the Ministry of Energy (i.e., Iran’s regime) has done to the people of my region, Genghis Khan did...

Poverty Level in Iran Is So Severe, It Has Encompassed the Middle Class

With the state of the economy in Iran, it is no wonder that more and more people have fallen...

500,000 Unemployed Engineers, While China Builds Housing in Iran

Since mid-2019 and especially since spring 2020, along with the increase in housing prices and building materials, Iran is...

Must read

Iran’s Government Unable To Compensate Investment Backwardness Even in Two Decades

What has been reported by the Iranian government’s statistical...

Iranian Regime Unprepared and Unable To Deal With Aftermath of Major Earthquakes in Iran

As the world acknowledged the International Day for Natural...

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Iran’s influence in UP: an American diplomatic cable

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