Iran Economy News

Iran Economy News

Iran cabinet approves plan to re-denominate currency, Donya says

Bloomberg: Iran’s cabinet approved a plan to re-denominate the rial by slashing four zeros from the national currency, Donya-e-Eqtesad reported, citing Central Bank Governor...
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Iran Economy News

In Iran, sanctions aim at shipping lifeline

Washington Post: On June 30, the Danish shipping giant Maersk startled Iran’s trade officials by abruptly pulling out of the country’s three largest ports....
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Iran Economy News

India Essar owes $2bln to Iran, to buy LatAm crude

Reuters: Essar Oil owes $2 billion to Iran for oil imports since late December when the Indian central bank ended a long-standing payments mechanism...
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Iran Economy News

Iranians go for gold amid inflation and currency fears

Reuters: Leafing through an old family photo album, 74-year-old Molook Amini wished she could afford to buy a gold coin as a wedding gift...
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Iran Economy News

India trying to ensure constant crude supply from Iran:oil min

Reuters: India is trying to ensure uninterrupted supplies of crude from Iran, Indian oil minister S. Jaipal Reddy told reporters on Tuesday. ...
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Iran Economy News

Iran-Japan trade likely to grow 16% in 2011, Iran official says

Bloomberg: Iran aims to increase trade with Japan by about 16 percent to some $14 billion this year, Press TV reported, citing Abbas Araghchi,...
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Iran Economy News

Sanctions blamed for Iran gas field delay

AFP: The development of Iran's South Pars gas field in the Gulf has been delayed partly because of international sanctions, the spokesman for the...
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Iran Economy News

Iran says will oppose rise in OPEC production ceiling

Reuters: Iran will reject increase of OPEC production ceiling in the cartel's next meeting, the country's Oil Ministry caretaker Mohammad Aliabadi told the semi-official...
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Latest news

Iran

Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

As labor protests continued across different parts of Iran, on Monday, August 3, telecommunications retirees in Bijar County and...
Iran

Iran’s Economy in Critical Condition, Insider Warns

Hossein Raghfar, an economist close to the Iranian regime, described Iran's economic situation as "very unfavorable" and warned that...
General

Trump: New round of talks with the Iranian regime to begin on Monday

U.S. President Donald Trump announced that a new round of negotiations between Tehran and Washington will begin on Monday....

Must read

Iran

Iran’s Statistical Center: Point-To-Point Inflation in July Reached Nearly 88%

Amid Iran's deepening economic crisis and mounting pressure on...
Iran

Triple-Digit Inflation Pushes Iran’s Lower and Middle Classes to Breaking Point

The state-run Economy24 website, citing the latest inflation data...

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Iran signs deal to supply crude to Kenya

Reuters: Iran will supply Kenya with four million metric...
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Afghan hanged in Iran for crime committed as minor

Iran Focus: Tehran, Iran, Dec. 12 – Monday’s edition...
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Iran’s elite military warns of dangers of dealing with U.S

Reuters: Iran's elite Revolutionary Guard has warned of the...
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