Iran Economy News

Iran won’t wait for foreigners to develop oilfield

Reuters: Iran won't wait for foreign investors to develop joint oilfields with neighbouring states, a senior oil ministry official was quoted on Saturday as...

Increased security as Iran’s subsidy programme bites

BBC: Police have been deployed on the streets of Tehran as the government begins making dramatic cuts to a wide range of subsidies. ...

Iran to boost electricity prices from December, Donya reports

Bloomberg: Iran will start increasing electricity rates from December as part of a wider plan to phase out subsidies of prices for energy and...

Leaving Iran’s middle class behind

Washington Post: Middle-class urbanites think they're being singled out by a government plan that will soon cut off state subsidies and boost the prices...

Iran’s leaders face rumblings as prices rise and sanctions bite

AP: The most potent challenge to Iran's ruling system may not be international sanctions or the homegrown political opposition, but something as simple as...

Iran tightens security as subsidy cuts loom

Wall Street Journal: Iranian authorities are taking extraordinary security measures ahead of cuts to energy and food subsidies this month, in an effort to...

Iran opposition leader slams ‘govt’s subsidy plan’

AFP: Iranian opposition leader Mir Hossein Mousavi has charged that President Mahmoud Ahmadinejad's government lacks the means to implement its plan to scrap subsidies...

Iran’s Petropars hopes to finalise India deal

Reuters: Iran hopes to sign a deal with Indian firms on the development of its South Pars Phase 12 field by the end of...

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 Regime Rejects Retrial Request by Protester Sentenced to Death

On Wednesday, September 2, human rights media outlets reported...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms...

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China’s Changan to assemble compact cars in Iran

Reuters: Chongqing Changan Automobile Co, a China partner of...

Iran’s Ahmadinejad threatens to cut off world oil supply

Iran Focus: London, Oct. 01 – Iran’s hard-line President...

Germany won’t funnel oil money from India to Iran

AP: A plan for India to funnel oil payments...