Iran Economy News

Wall Street Journal: South Korea will move to temporarily close the local branch of an Iranian bank as part of its effort to join...

AFP: Oil Minister Masoud Mirkazemi said on Tuesday that Iran has attained self-sufficiency in producing petrol, a commodity targeted by world powers in new...

Reuters: The U.S. Treasury Department on Tuesday said it designated an Iranian-owned bank in Germany as facilitating Iran's efforts to develop nuclear weapons, a...

AFP: Iran's main audit body has slammed the government's plan to scrap subsidies from later this month and its policy of privatising state firms,...

Wall Street Journal: The United Arab Emirates central bank is studying the economic impact of United Nations sanctions against Iran and has asked lenders...

AFP: Most banks in the United Arab Emirates, an important trading partner for Iran, have stopped money transfers there after the latest round of...

AFP: Japan imposed new sanctions Friday against Iran, including an assets freeze on people and entities linked to its contentious nuclear programme and tighter...

Reuters: Turkey's gasoline exports to Iran dropped by a hefty 74 percent in July after U.S.-led sanctions against the Islamic Republic came into force,...