Iran Economy News

Hema, Iran Khodro say to sign 200 mln euro deal

Reuters: Iranian carmaker Iran Khodro and Turkey's Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two...

Iran sanctions curb credit transfer to Uganda-memo

Reuters: Uganda has been unable to obtain a $46 million credit offered by Iran because of complications in transferring the money due to U.N....

Ahmadinejad says more sanctions won’t hurt Iran

AFP: Iranian President Mahmoud Ahmadinejad told US television Wednesday that more sanctions will not hurt the Islamic republic, as Western nations urged tougher action...

Sanctions deter some Turkish banks from Iran trade

Reuters: Several Turkish banks with close ties to the European Union and the United States have halted financial trade with Iran due to United...

Rafsanjani urges Iran not to dismiss sanctions

AFP: Former president Akbar Hashemi Rafsanjani urged Iranian officials on Tuesday against dismissing international sanctions as "jokes," saying the Islamic republic was facing its...

South Korea’s Kia halts exports to Iran

AFP: South Korea's Kia Motors, whose Pride model is ubiquitous on Iranian roads, said Tuesday it had suspended exports to the Islamic state partly...

Iran’s Rafsanjani chides Ahmadinejad over sanctions

Reuters: Veteran Iranian politician Akbar Hashemi Rafsanjani criticised President Mahmoud Ahmadinejad on Tuesday for failing to counter the impact of sanctions -- the latest...

Iran plans to boost exploration in border areas, ministry says

Bloomberg: Iran plans to set up four drilling platforms in border regions to accelerate oil exploration, the Oil Ministry said on its news website...

Latest news

Physician Migration, A Warning Alarm for Iran’s Healthcare System

With physicians and nurses emigrating abroad, the human resources crisis in Iran’s healthcare system has entered a new phase....

Denmark Accuses Iran’s Regime of Terrorism Threat

According to Al Arabiya, Denmark's Security and Intelligence Service (PET) announced that Iran's regime has played a more prominent...

Workers At Iran’s Makran Steel Face Nine Months of Unpaid Wages

The ongoing crisis of unpaid workers’ wages in contracted projects has once again made headlines at Makran Steel in...

Must read

The Vicious Cycle of Poverty in Iran

Over the past more than a decade, Iran’s economy...

Political Prisoner Bijan Kazemi Sentenced to 37 Years and Six Months in Prison

Bijan Kazemi, a political prisoner held in Tehran’s Evin...

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Iran: Militarization of the Country’s Education

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Obama vows to pursue Iran diplomacy despite tirade

AFP: US President Barack Obama vowed Tuesday not to...

Iranian arms smugglers using European ship firms – study

Reuters: Iranian traffickers, trying to dodge an embargo imposed...