Iran Economy News

Iranian subsidy cuts to hurt Afghan refugees – UNHCR

Reuters: Iran's plans to slash subsidies on electricity, water and food will pinch Afghan refugees who are already struggling to make ends meet, the...

Iran awards Pars gas phases to Revolutionary Guards: report

AFP: Iran has awarded a business unit of the elite Revolutionary Guards the rights to develop phases 13 and 14 of the giant South...

Pakistan, Iran sign major gas pipeline agreement

AFP: Pakistan and Iran on Friday signed a "sovereign guarantee" agreement paving the way for the completion of a 7.5-billion-dollar gas pipeline project within...

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...

Latest news

Iran Expats Call for UN Investigation of 1988 Massacre

Iranian expatriates have written United Nations Secretary-General Antonio Guterres to once again urge the international organisation to investigate the...

Nearly 70m Iranians Can’t Afford Rice

Nearly 70 million people in Iran cannot afford rice following price increases, according to the secretary of the Rice...

The Confusing Clutter of the JCPOA and Iran’s Hasty Begging

For the Iranian government and its officials, the Vienna negotiations about a new Joint Comprehensive Plan of Action (JCPOA),...

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Nearly 70m Iranians Can’t Afford Rice

Nearly 70 million people in Iran cannot afford rice...

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Dutch bank fined for Iran, Libya transactions

Washington Post: Federal and state financial regulators announced yesterday...

Ahmadinejad says West cannot isolate Iran

Reuters: Iranian President Mahmoud Ahmadinejad said on Tuesday the...

China opposed to joint statement on Iran

AP: China and Russia are holding back from a...