Iran Economy News

Iran’s Entekhab threatens legal action over sale of Daewoo Electronics

Reuters: Iran's Entekhab Industrial Group threatened on Thursday to take legal action to stop the sale of unlisted Daewoo Electronics Co Ltd after top...

Daewoo Elec $513 mln takeover deal falls apart – source

Reuters: Daewoo Electronics creditors-turned-shareholders dropped the $513 million deal to sell the electronics maker to Iran's Entekhab Industrial Group, a source with direct knowledge...

Iran and Armenia look to strengthen economic ties

Iran Focus: Tehran, May 31 - Iranian Foreign Minister Ali Akbar Salehi and Armenian Minister of Energy and Natural Resources Armen Movsisyan met in...

Iran Central Bank aims to increase deposit rates, Hamshahri says

Bloomberg: Iran’s Central Bank plans to increase interest rates for deposits in a bid to control fluctuations in the gold and foreign-currency markets, Hamshahri...

Iran hopes to agree oil payments with India by Tuesday

Reuters: Iran hopes to resolve a payments impasse with India over oil sales worth about $12 billion a year by Tuesday, the country's envoy...

Iran oil output ‘may drop drastically by 2015’

AFP: Iran's oil production may fall to 2.7 million barrels per day within five years unless 150 billion dollars is invested in its energy...

Ukraine invites Iranian investors

Iran Focus: Tehran, May 29 – The governor of one of Ukraine’s provinces has urged Iranian investors to take a stronger role in Ukraine’s...

Iran and Japan sign MOU – report

Iran Focus: Tehran, May 28 - Iran and Japan have signed a Memorandum of Understanding for closer economic ties between Tehran and a major...

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 Medicine Procurement and Production Faces Crisis and Liquidity Shortage

The procurement of medicine in Iran has become a...

10 Protesters Sentenced to Death in Isfahan Shohada Square Case

The First Branch of the Revolutionary Court in Isfahan...

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Over half a million Iraqi voters in Iran: Official

Iran Focus: Tehran, Jan. 07 - Iran announced there...

Exclusive – Turkey works to cut dependence on Iranian oil

Reuters: Turkish refiner Tupras plans to cut its dependence...