Iran Economy News

German steel giant pulls out of Iran

AFP: ThyssenKrupp became on Thursday Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the...

Iranians shocked by power bills as subsidy slashed

Reuters: Many Iranian householders have been stunned by huge electricity bills after the government suddenly withdrew fuel subsidies without warning exactly when the cuts...

Lawmaker wary of China/Iran ties

Reuters: Wary that Chinese oil companies could be undermining new U.S. sanctions against Iran, the chairman of the House Foreign Affairs Committee said he...

Iran’s parliament outlines policies to counter UN sanctions

Bloomberg: Iran’s parliament outlined policies aimed at countering United Nations sanctions over the country’s nuclear program, the head of the body’s economic committee said....

Special report – Tracking Iran’s nuclear money trail to Turkey

Reuters: Turkey and other U.S. allies have been allowing Iranian banks with suspected links to Tehran's nuclear program to do business within their borders,...

Iran feels pain of sanctions-U.S. Treasury’s Levey

Reuters: Iran is struggling with international sanctions aimed at curbing its nuclear ambitions and pressure on its economy and banking sector is mounting, a...

Iran leader shrugs off effect of Western sanctions

AFP: Iran's economy is feeling no ill effects from the toughest Western sanctions yet and is in fact benefiting from them, Iranian President Mahmoud...

Iran c.bank to open accounts at South Korean banks

Reuters: Iran's central bank has agreed to open won accounts at two South Korean state-owned banks to avert disruption in bilateral trade despite international...

Latest news

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,...

Corruption in Iran’s Ports Reaches the Regime’s Parliament

The corruption case in Iran’s ports has once again become one of the controversial issues in the regime’s parliament....

Heavy Collapse in Iranian Workers’ Purchasing Power Over the Past 10 Years

In recent years, and particularly in the months following the recent war, workers’ “real wages” in Iran have experienced...

Must read

Price of Cement in Iran Rises 90% in Six Months

The head of the Association of Building Materials Sellers...

Seventy Percent of Students at School in Tehran Have Dropped Out

In the latest sign of the collapse of education...

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California bill to divest Iran investments signed

Reuters: California Gov. Arnold Schwarzenegger signed a bill on...

Iran’s Larijani arrives in Iraqi capital – report

Iran Focus: Tehran, Iran, Apr. 29 - Iran's Supreme...

Indian refiners seek more Saudi oil for August -sources

Reuters: Indian refiners have asked top exporter Saudi Arabia...