Iran Economy News

Iran to pare food, gas subsidies

Wall Street Journal: Iranian President Mahmoud Ahmadinejad has taken initial steps to remove government subsidies of key energy and food products for Iran's citizens,...

Foreigners buy Iran shares at three times pace as rules change

Bloomberg: Foreigners bought three times as many shares in Iran’s publicly traded companies in the past six months as they did a year earlier...

Italy’s crude imports from Iran up 85 percent

Reuters: Italy's imports of crude oil from Iran surged 84.6 percent year-on-year to 6.12 million tonnes in the first seven months of 2010, Italy's...

Iran postpones cutting petrol subsidies

AFP: Iran has again put off for a month plans to increase petrol prices by removing subsidies, which had been set to come into...

Iran’s Entekhab to buy Daewoo Elec for $513 mln

Reuters: Unlisted Iranian appliance maker Entekhab Industrial Group will sign a deal soon to buy South Korea's Daewoo Electronics for about 577.8 billion won...

Total says has halted oil products trade with Iran

Reuters: French oil major Total has halted all its trade in oil products with Iran in compliance with a European embargo, Total Chief Executive...

Japanese firm will exit Iran oil project

Wall Street Journal: Japanese oil and natural gas producer Inpex Corp. said it agreed with Iran's state-owned National Iranian Oil Co. that it will...

Japan’s Inpex to quit Iran Azadegan oilfield project

Reuters: Inpex Corp, Japan's top oil explorer, has pulled out from Iran's Azadegan oil field project as expected, after U.S. sanctions against Iran over...

Latest news

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

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Iran’s Regime Very Close to Producing Nuclear Bombs, IAEA Director Warns

Rafael Grossi, Director General of the International Atomic Energy...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic...

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