Iran Economy News

Iran audit body slams subsidy plan, privatisation work

AFP: Iran's main audit body has slammed the government's plan to scrap subsidies from later this month and its policy of privatising state firms,...

U.A.E. studies impact of Iran sanctions

Wall Street Journal: The United Arab Emirates central bank is studying the economic impact of United Nations sanctions against Iran and has asked lenders...

Most UAE banks stop transfers to Iran after latest sanctions

AFP: Most banks in the United Arab Emirates, an important trading partner for Iran, have stopped money transfers there after the latest round of...

Japan slaps new financial sanctions on Iran

AFP: Japan imposed new sanctions Friday against Iran, including an assets freeze on people and entities linked to its contentious nuclear programme and tighter...

Turkey exports less gasoline to Iran in July -data

Reuters: Turkey's gasoline exports to Iran dropped by a hefty 74 percent in July after U.S.-led sanctions against the Islamic Republic came into force,...

Japan set to toughen sanctions on Iran – Nikkei

Reuters: Japan is set to toughen sanctions against Iran as early as this week over its disputed nuclear programme, the Nikkei business daily said,...

Khamenei backs Iran plan to scrap subsidies

AFP: Supreme leader Ayatollah Ali Khamenei has backed the Iranian government's plan to scrap subsidies in the coming weeks, despite concerns from some conservatives...

Iran shifts assets out of Europe banks

New York Times: Iran has transferred assets out of European banks in its latest effort to defend itself against the effects of sanctions that...

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...

Must read

Thirteenth Day of the Hunger Strike By 1,500 Prisoners, Condition of the Strikers Is Critical

The collective hunger strike by around 1,500 death-row prisoners...

Migration from Southern Iran in the Shadow of the Iranian Regime’s Warmongering

The migration and displacement of people from cities in...

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Argentine court declares bombing probe with Iran unconstitutional

AFP: An Argentine court declared unconstitutional an agreement with Iran...

Iran still aiding Iraq insurgents: US general

AFP: Iran is still training and funding insurgents attacking...