Iran Economy News

Iran to take Chinese subway cars for oil

AP: A senior Iranian official says the country has ordered 315 subway cars from China in place of payment for oil that can't be...

Textile exports to Iran set for a rupee push

The Hindu: Textile exporters have spotted an opportunity in the crisis in India-Iran trade caused by sanctions on the latter by the West. The...

HPCL slams door on Iran for crude oil imports

The Hindu: In a sign that Western sanctions weigh heavily on it, Hindustan Petroleum Corporation Limited (HPCL) has virtually slammed the door on Iran...

Iran offers sovereign cover for vessels, Indian refineries

Indian Express: With India refusing to provide a sovereign guarantee to refineries processing Iranian crude, Iran has stepped in to back Iranian insurance...

Thailand sells 250,000 tonnes of rice to Iranian government

Business Recorder: The Thai government has signed a contract to sell 250,000 tonnes of rice from its stocks to Iran in a government-to-government...

Renault profits plunge on Iranian charge

AFP: French auto group Renault reported a profit plunge on Friday owing to charges for halting its activities in Iran and for ...

Iran needs higher oil price for 2013 budget, Apicorp says

Bloomberg: Iran needs the highest oil price among OPEC members to balance its 2013 budget, according to an inter-governmental Arab energy lender. Iran...

Renault may scale back in Iran

Wall Street Journal: French car maker Renault SA, one of the last large European companies still active in Iran, is considering winding down...

Latest news

Renewed Protests Erupt in Iran

In recent days, Iran has witnessed fundamental changes in the nature of popular protests. The movement has evolved from...

Rising Crime and Social Breakdown After 47 Years of Clerical Rule in Iran

While Iran's regime has spent much of its resources and capabilities over more than four decades suppressing opponents, silencing...

Seventy-Eight Nobel Laureates Urge UN Action Amid Rising Executions in Iran

A coalition of 78 Nobel Prize laureates has issued a joint appeal to United Nations Secretary-General António Guterres, calling...

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Rising Crime and Social Breakdown After 47 Years of Clerical Rule in Iran

While Iran's regime has spent much of its resources...

Seventy-Eight Nobel Laureates Urge UN Action Amid Rising Executions in Iran

A coalition of 78 Nobel Prize laureates has issued...

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