Iran Economy News

Iran sanctions curb credit transfer to Uganda-memo

Reuters: Uganda has been unable to obtain a $46 million credit offered by Iran because of complications in transferring the money due to U.N....

Ahmadinejad says more sanctions won’t hurt Iran

AFP: Iranian President Mahmoud Ahmadinejad told US television Wednesday that more sanctions will not hurt the Islamic republic, as Western nations urged tougher action...

Sanctions deter some Turkish banks from Iran trade

Reuters: Several Turkish banks with close ties to the European Union and the United States have halted financial trade with Iran due to United...

Rafsanjani urges Iran not to dismiss sanctions

AFP: Former president Akbar Hashemi Rafsanjani urged Iranian officials on Tuesday against dismissing international sanctions as "jokes," saying the Islamic republic was facing its...

South Korea’s Kia halts exports to Iran

AFP: South Korea's Kia Motors, whose Pride model is ubiquitous on Iranian roads, said Tuesday it had suspended exports to the Islamic state partly...

Iran’s Rafsanjani chides Ahmadinejad over sanctions

Reuters: Veteran Iranian politician Akbar Hashemi Rafsanjani criticised President Mahmoud Ahmadinejad on Tuesday for failing to counter the impact of sanctions -- the latest...

Iran plans to boost exploration in border areas, ministry says

Bloomberg: Iran plans to set up four drilling platforms in border regions to accelerate oil exploration, the Oil Ministry said on its news website...

German gas giant Linde will pull out of Iran

AFP: The German industrial gas giant Linde said Friday that it would soon halt business operations in Iran owing to economic sanctions against the...

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Must read

Iran’s Youths Have Highest Unemployment Rate

The Iranian regime’s Eghtesad News website reported that data...

Iran’s Dam Water Reserves Shrink by 10% in Current Year

An assessment of Iran's water resources from September 23,...

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Iran Said to Acquire Knowledge on Weapons

AP: Iran, through the black market network, had accumulated...