Iran Economy News

Iran delays phasing out gasoline subsidies

Reuters: Iran has delayed phasing out gasoline subsidies in what analysts say may be a sign of President Mahmoud Ahmadinejad's anxiety to avoid igniting...

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

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

Amid Iran's deepening economic crisis and mounting pressure on household livelihoods, the Statistical Center of the Iranian regime announced...

Serious Drug Shortage in Iran as Officials Assure Supplies for Arbaeen Pilgrims

Salman Eshaqi, spokesperson for the Health and Treatment Commission of the Iranian regime's Majlis (parliament), described the country's drug...

Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in Iran, Eghtesad News website reported that installment payments are becoming...

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

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

Retirees Protest Across Iran Against Poverty, War, and Executions

On Sunday, July 26, retirees covered by Iran's Social...

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Iran still mulling Russia uranium proposal

AP: Iran's foreign minister said Thursday his country had...

Iran smuggling graphite compound for nukes – exile

Reuters: Iran has been using front companies to skirt...