Iran Economy News

Dollar surges in Iran as sanctions bite: forex dealers

AFP: The US dollar rate surged in Iran on Thursday as local banks halted the sale of foreign currency to private individuals, with some...

Iran cenbank says to stabilise rial vs dollar

Reuters: The Central Bank of Iran aims to stabilise the currency, which suffered a sudden drop in value in recent days, to a "normal"...

Japan to withdraw from Iran oil project: reports

AFP: The Japanese government and oil developer Inpex Corp. plan to completely withdraw from Iran's largest onshore oil field project to avoid possible US...

Four oil companies pull out of Iran: State Dept

AFP: The United States said Thursday that energy giants Total of France, Anglo-Dutch Shell, Norway's Statoil and Italy's Eni have pledged to end their...

US asks Japan to withdraw from Iran oil project-media

Reuters: The United States has asked the Japanese government to withdraw from Iran's Azadegan oil field project in which Japanese oil developer Inpex Corp...

China says wants deeper trade ties with Iran

Reuters: China wants deeper trade ties with Iran, a senior Chinese leader was quoted as saying on Wednesday, praising relations between the two countries...

Iran currency slumps, central bank says to act

Reuters: Iran's rial has fallen more than 10 percent in the last two days, prompting speculation about a shortage of hard currency in a...

Iran cutting energy subsidies to boost revenue-IMF

Reuters: Iran, dependent on imported gasoline but squeezed by international sanctions, is working to eliminate subsidies on oil and natural gas, International Monetary Fund...

Latest news

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Iran: 9 Prisoners Executed in One Day

The Iranian regime executed five prisoners in Kerman prison and two prisoners in Chabahar prison on April 21. At...

Iran’s Regime Publishes Misleading Information About Unemployment Rate

The state-run Donya-e-Eqtesad newspaper has criticized the "statistic manipulation" employed by Iran's regime in its economic reports, stating that...

Must read

House Rent Prices at Record High in Iran

After claims by Ehsan Khandouzi, the Minister of Economy...

Fabricated Statistics in Iran’s Economy

While Iranian regime President Ebrahim Raisi and the government's...

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China urges Iran to abide by U.N. resolutions

Reuters: China urged Iran on Tuesday to abide by...

France warns Iran of “sanctions logic”

Xinhua: French Foreign Minister Philippe Douste-Blazy on Thursday warned...

Iran “not close” to nuclear weapon: Gates

Reuters: Iran is not close to having a nuclear...