Iran Economy News

China says wants deeper trade ties with Iran

Reuters: China wants deeper trade ties with Iran, a senior Chinese leader was quoted as saying on Wednesday, praising relations between the two countries...

Iran currency slumps, central bank says to act

Reuters: Iran's rial has fallen more than 10 percent in the last two days, prompting speculation about a shortage of hard currency in a...

Iran cutting energy subsidies to boost revenue-IMF

Reuters: Iran, dependent on imported gasoline but squeezed by international sanctions, is working to eliminate subsidies on oil and natural gas, International Monetary Fund...

Iran exports first shipment of petrol: oil official

AFP: A top Iranian oil official said on Tuesday the fuel-hungry nation has exported its first shipment of domestically made petrol, three weeks after...

Oil firms reap benefit of Iran’s build-up of crude stocks

The Guardian: Sanctions fail to discourage all trade with nation under west's scrutiny for nuclear potential. The Guardian Sanctions fail to...

Shell increases oil trade with Iran – despite sanctions

The Guardian: Oil giant stepped up orders of Iranian crude while others halted trade amid sanctions imposed by UN, EU and US ...

Iran produces fuel in 5 petrochemical plants to face sanctions

Bloomberg: Iran is producing gasoline in five of its petrochemical plants as part of a plan to halt imports and counter international sanctions, the...

Iran bazaar in new strike over VAT increase-report

Reuters: Iranian merchants closed their shops in Tehran's main bazaar on Saturday to protest government plans to raise value-added tax (VAT), a website said,...

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...

Must read

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

Discontent among merchants due to a 60% decrease in...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry...

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Top Republican: Senate leader coddling Iran for Obama

AFP: The Senate's Democratic leadership is shielding US President Barack...

Iran general says could stop Israel in ‘one strike’

AFP: Iran's former Revolutionary Guards chief Mohsen Rezai warned...

Ahmadinejad says Western sanctions won’t stop Iran

AP: Iran's president said Tuesday that Western sanctions could...