Iran Economy News

Iran sees trade booming despite sanctions

UPI: Iran expects to garner non-oil trade worth more than $45 billion during its current calendar year despite a plethora of international sanctions led...

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...

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....

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...

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...

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. ...

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,...

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...

Latest news

Iranian Political Prisoners Mark 61st Anniversary of PMOI Resistance

As the People’s Mojahedin Organization of Iran (PMOI/MEK) approaches the 61st anniversary of its founding on September 6, a...

Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market has surpassed 2.8 million rials, while the official rate remains...

Iran’s Regime Rejects Retrial Request by Protester Sentenced to Death

On Wednesday, September 2, human rights media outlets reported the continued detention and interrogation of opponents of Iran's regime,...

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Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market...

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Coalition kills four rogue Mahdi Army fighters in Baghdad

Iran Focus: London, Aug. 14 – Coalition troops killed...

Norway deplores executions in Iran

Norway Post: Norway deplores the executions of 10 persons...