Iran Economy News

Iran c.bank head denies report on selling reserves

Reuters: Iran's central bank chief denied reports over the country planning to sell 45 billion euros from the country's reserves to buy dollars and...

Iran plans to cut fuel subsidies from Sept 23 – agency

Reuters: Iran plans to cut rationed subsidised gasoline after the implementation of the country's subsidy reform plan, the official IRNA news agency quoted a...

Iran cenbank to sell 45 bln euros -media

Reuters: Iran's central bank will sell 45 billion euros from reserves to buy dollars and gold, state-owned media said on Wednesday, signalling a u-turn...

Iranian subsidy cuts to hurt Afghan refugees – UNHCR

Reuters: Iran's plans to slash subsidies on electricity, water and food will pinch Afghan refugees who are already struggling to make ends meet, the...

Iran awards Pars gas phases to Revolutionary Guards: report

AFP: Iran has awarded a business unit of the elite Revolutionary Guards the rights to develop phases 13 and 14 of the giant South...

Pakistan, Iran sign major gas pipeline agreement

AFP: Pakistan and Iran on Friday signed a "sovereign guarantee" agreement paving the way for the completion of a 7.5-billion-dollar gas pipeline project within...

ANALYSIS-Iran’s Ahmadinejad takes gamble on subsidy cuts

Reuters: A ragged and torn one-thousand Iranian rial note is worth around $0.10 and can buy you a couple of bus rides across Tehran,...

Iran aims to become gasoline exporter – official

Reuters: Iran seeks to become self-sufficient in gasoline in two years' time and then to start exporting the fuel, an official said on Sunday,...

Latest news

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...

Leila Abolhasani, Mother of Two Young Daughters, Sentenced to Death

Leila Abolhasani, a 43-year-old citizen and mother of two teenage daughters, is among those arrested during the January protests...

Price of Cement in Iran Rises 90% in Six Months

The head of the Association of Building Materials Sellers announced that cement prices have increased by more than 90%...

Must read

Iran’s Medicine Procurement and Production Faces Crisis and Liquidity Shortage

The procurement of medicine in Iran has become a...

Livelihoods Continue to Collapse in Iran While Regime Supporters Profit from Sanctions

As the United States implements its policy of "economic...

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Officials downplay military options against Iran

AP: Using U.S. military might to coerce Iran to...

Davos Schwab says Iran, Syria ‘black swans’

Bloomberg: Klaus Schwab, founder of the World Economic Forum,...