Iran Economy News

Reuters: Uganda has been unable to obtain a $46 million credit offered by Iran because of complications in transferring the money due to U.N....

AFP: Iranian President Mahmoud Ahmadinejad told US television Wednesday that more sanctions will not hurt the Islamic republic, as Western nations urged tougher action...

Reuters: Several Turkish banks with close ties to the European Union and the United States have halted financial trade with Iran due to United...

AFP: Former president Akbar Hashemi Rafsanjani urged Iranian officials on Tuesday against dismissing international sanctions as "jokes," saying the Islamic republic was facing its...

AFP: South Korea's Kia Motors, whose Pride model is ubiquitous on Iranian roads, said Tuesday it had suspended exports to the Islamic state partly...

Reuters: Veteran Iranian politician Akbar Hashemi Rafsanjani criticised President Mahmoud Ahmadinejad on Tuesday for failing to counter the impact of sanctions -- the latest...

Bloomberg: Iran plans to set up four drilling platforms in border regions to accelerate oil exploration, the Oil Ministry said on its news website...

AFP: The German industrial gas giant Linde said Friday that it would soon halt business operations in Iran owing to economic sanctions against the...