Iran Economy News

Iran to pare food, gas subsidies

Wall Street Journal: Iranian President Mahmoud Ahmadinejad has taken initial steps to remove government subsidies of key energy and food products for Iran's citizens,...

Foreigners buy Iran shares at three times pace as rules change

Bloomberg: Foreigners bought three times as many shares in Iran’s publicly traded companies in the past six months as they did a year earlier...

Italy’s crude imports from Iran up 85 percent

Reuters: Italy's imports of crude oil from Iran surged 84.6 percent year-on-year to 6.12 million tonnes in the first seven months of 2010, Italy's...

Iran postpones cutting petrol subsidies

AFP: Iran has again put off for a month plans to increase petrol prices by removing subsidies, which had been set to come into...

Iran’s Entekhab to buy Daewoo Elec for $513 mln

Reuters: Unlisted Iranian appliance maker Entekhab Industrial Group will sign a deal soon to buy South Korea's Daewoo Electronics for about 577.8 billion won...

Total says has halted oil products trade with Iran

Reuters: French oil major Total has halted all its trade in oil products with Iran in compliance with a European embargo, Total Chief Executive...

Japanese firm will exit Iran oil project

Wall Street Journal: Japanese oil and natural gas producer Inpex Corp. said it agreed with Iran's state-owned National Iranian Oil Co. that it will...

Japan’s Inpex to quit Iran Azadegan oilfield project

Reuters: Inpex Corp, Japan's top oil explorer, has pulled out from Iran's Azadegan oil field project as expected, after U.S. sanctions against Iran over...

Latest news

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter to the head of the Iranian regime’s judiciary, calling for...

Around 6 Workers Die of Safety Incidents Every Day in Iran

Ali Ziaei, the head of the Crime Scene Investigation Group at the Iranian Forensics Organization, reported the deaths of...

Air Pollution Kills 26,000 People in Iran Every Year: Head of Environment Organization

Ali Salajegheh, the head of the Environmental Protection Organization admitted in a conference in Kerman on Monday, May 13...

Must read

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter...

Iran: Three Nurses Dead from Burnout in One Month

Three nurses in Iran have lost their lives due...

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Germans should stop feeling Holocaust guilt – Iran

Reuters: Iran's President Mahmoud Ahmadinejad told Germans they should...