Iran Economy News

Chinese firms dominate Iran oil exposition

AFP: Chinese companies, widely present in Iran thanks to the vaccum created by the departure of Western firms, dominated the Iranian oil, gas and...

Iran sees oil demand increasing post-Japan tsunami

Reuters: Iran's OPEC governor said on Friday he saw demand for oil rising as Japan recovers from its March 11 earthquake and tsunami. ...

Iran keeps gas price hike despite consumer ‘dismay’

AFP: Iran will not review cooking gas prices despite dismay among consumers who have seen their bills multiplied as much as seven fold after...

Iran cuts interest rates on savings, loans

Reuters: Iran's central bank has cut the interest rates that banks can pay on savings and charge for loans, in a move aimed at...

Crescent says no agreement on gas prices with Iran, Mehr reports

Bloomberg: Crescent Petroleum Co., the biggest shareholder in Dana Gas PJSC (DANA), hasn’t reached an agreement with Iran on natural-gas prices for exports to...

Germany rebuffs U.S. calls to shut Iran bank

Wall Street Journal: Germany is resisting international pressure to freeze the activities of an Iranian-owned bank based in Hamburg that U.S. officials say provides...

Iran econ minister says India oil payment row solved

Reuters: Iran's economy minister said on Monday a dispute with India over payments for Iranian crude oil had been resolved, the semi-official Fars news...

Iran plans currency reform, seeks dollar parity: report

AFP: Iran plans to slash four zeros from its national currency in "one to two years", seeking parity between its rial and the US...

Latest news

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

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Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1,...

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian...

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