Iran Economy News

Iran Economy News

Iranian president proposes tightened budget amidmounting sanctions

WSJ: Iranian president Mahmoud Ahmadinejad on Wednesday submitted a budget that will cut spending by 5.6%, seeking to reduce the country's reliance on oil...
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Iran Economy News

Iran may increase electricity prices by 20% in March, Mehr says

Bloomberg: Iran may raise electricity prices by about 20 percent in March as part of a plan to cut energy subsidies, state-run Mehr...
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Iran Economy News

Iran to enforce single exchange rate

AFP: The central bank of sanctions-hit Iran is to enforce a single exchange rate after a dramatic slide in the value of the...
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Iran Economy News

Report: Iranian currency drops 11 percent, hitting new record low against dollar

AP: Iran’s national currency fell by 11 percent Saturday amid the government’s refusal to sign off on a move to raise bank interest rates,...
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Iran Economy News

Iran currency hits new low in blackmarket trading

AFP: Iran's currency, the rial, hit a record low against the dollar on Wednesday, the ISNA news agency reported, based on rates in blackmarket...
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Iran Economy News

Obama: Iran’s economy a ‘shambles’ after sanctions

AFP: US President Barack Obama said US-led sanctions had reduced Iran's economy to a "shambles," in a robust defense of his policy towards Tehran...
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Iran Economy News

Iran cracks down on dollar trades

Wall Street Journal: Iranian authorities sent police into the streets of the capital Monday to crack down on informal currency trading and support the...
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Iran Economy News

Iran stores more oil at sea as trade pressure grows

Reuters: The volume of Iranian crude oil stored at sea has risen to as much as 8 million barrels and is likely to increase...
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Latest news

Iran

Iran: At Least 26 Prisoners Executed in One Week

The National Council of Resistance of Iran (NCRI) announced that between July 28 and August 3, at least 26...
Iran

The 132nd Week of the ‘No to Execution Tuesdays’ Campaign Across 59 Prisons

In the 132nd week of the "No to Execution Tuesdays" campaign, political prisoners in 59 prisons across Iran launched...
General

Iraq: Iranian Regime Violated Commitments Regarding Strait of Hormuz

As tensions over maritime security in the Persian Gulf and the Red Sea continue, Iraqi officials said negotiations with...

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General

Iraq: Iranian Regime Violated Commitments Regarding Strait of Hormuz

As tensions over maritime security in the Persian Gulf...
Iran

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the...

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US must toughen Iran sanctions: Top lawmaker

AFP: A top US lawmaker vowed Thursday to toughen...
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