Iran Economy News

Iran discovers major natural gas reserves

Reuters: Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state's northwest, an Iranian newspaper reported on Sunday....

Iran says wants to renegotiate Caspian oil swaps

Reuters: Iran acknowledged on Saturday that oil swap deals with Caspian Sea producers had stopped, but said it was seeking talks with some oil...

Guards, other Iran firms ‘bag mega gas deals’

AFP: Iran on Tuesday signed contracts worth 21 billion dollars with local firms to develop six gas fields, some of them awarded to the...

Iran c.bank head denies report on selling reserves

Reuters: Iran's central bank chief denied reports over the country planning to sell 45 billion euros from the country's reserves to buy dollars and...

Iran plans to cut fuel subsidies from Sept 23 – agency

Reuters: Iran plans to cut rationed subsidised gasoline after the implementation of the country's subsidy reform plan, the official IRNA news agency quoted a...

Iran cenbank to sell 45 bln euros -media

Reuters: Iran's central bank will sell 45 billion euros from reserves to buy dollars and gold, state-owned media said on Wednesday, signalling a u-turn...

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...

Latest news

Bleak Fate of Iran’s Street Vendors

Widespread poverty and unemployment in Iran, and the catastrophic economic situation in society, have made life so difficult for...

Calls for Iranian President Raisi To Be Shunned by the UN

The Iranian president, Ebrahim Raisi took his first trip abroad to Tajikistan to attend the Shanghai Cooperation Organization (SCO)...

Iran’s Strategy: Moving on the Edge of the Abyss

Iran’s supreme leader Ali Khamenei and his government's officials in the 'young Hezbollahi government' on the eve of the...

Must read

Suicide Has Become Ordinary in Iran’s Society

Suicide is a function of a series of economic,...

The IRGC’s ‘Gold Mafia’ Is One of the Causes of the Economic Crisis in Iran

Iran is currently undergoing its worst economic period at...

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Ahmadinejad facing objections to new cabinet

AFP: Iranian President Mahmoud Ahmadinejad, whose disputed re-election plunged...

Senior Iran cleric keeps post in constitutional body

Iran Focus: Tehran, Iran, Feb. 28 – The Chairman...