Iran Economy News

Iran to stop subsidised petrol sales from September

AFP: Iran is to halt the sale of subsidised petrol from late September as part of plans to phase out subsidies on energy products,...

Iran discovers two new gas fields: minister

AFP: Iran, OPEC's second largest oil exporter, has discovered two new natural gas fields, Oil Minister Masoud Mirkazemi announced on Monday. ...

Iran inflation falls slightly to 9.4 pct – cen bank

Reuters: Iran's inflation level fell to 9.4 percent in June, from 9.9 percent in the previous month, its central bank governor said on Saturday....

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

Reuters: South Korea's GS Engineering & Construction (GS E&C) said on Thursday that it has called off a 1.42 trillion won ($1.2 billion) gas...

Iran lifts restriction on foreign investment in banks

Bloomberg: Iran lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company, the...

Iran sees no risk to gasoline imports, official says

Reuters: Iran sees no risks to its gasoline imports, an oil official said on Tuesday, a day after France's Total joined the list of...

Russia’s Gazprom Neft eyes Iran, Cuba oil projects

Reuters: Gazprom Neft, the oil arm of Russian energy firm Gazprom, is looking to expand its foreign operations into oil-rich Cuba and Iran, which...

Oil spill could push up prices – Iran official

Reuters: The Gulf of Mexico oil spill is likely to cause a rise in world oil prices, Iran's OPEC governor, Mohammad Ali Khatibi, said...

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...

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Iraqi military beef up security on border with Iran

Iran Focus: Baghdad, Jul. 06 – Iraq’s military has...

Iran judiciary denies Ahmadinejad bid to see jail

AFP: Iran's judiciary has rejected a request by President...

Iran-make weapons cache discovered in Iraq

Iran Focus: London, Apr. 11 – Iraqi military forces...