Iran Economy News

Iran leader shrugs off effect of Western sanctions

AFP: Iran's economy is feeling no ill effects from the toughest Western sanctions yet and is in fact benefiting from them, Iranian President Mahmoud...

Iran c.bank to open accounts at South Korean banks

Reuters: Iran's central bank has agreed to open won accounts at two South Korean state-owned banks to avert disruption in bilateral trade despite international...

Turkey aims to triple Iran trade, despite international sanctions

Wall Street Journal: Turkey's Prime Minister Recep Tayyip Erdogan said Thursday that Ankara is seeking to triple trade volumes with Iran over the next...

Turkey’s PM tells businessmen to boost Iran trade

Reuters: Turkey wants to triple its trade volume with Iran within five years, Turkey's prime minister told businessmen on Thursday, at a time when...

Sanctions against Iran proving effective: France, US

AFP: International sanctions against Iran are bearing fruit and have sparked a "debate" inside Tehran's regime, French Defense Minister Herve Morin said Thursday during...

Iran delays phasing out gasoline subsidies

Reuters: Iran has delayed phasing out gasoline subsidies in what analysts say may be a sign of President Mahmoud Ahmadinejad's anxiety to avoid igniting...

Hema, Iran Khodro say to sign 200 mln euro deal

Reuters: Iranian carmaker Iran Khodro and Turkey's Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two...

Iran sanctions curb credit transfer to Uganda-memo

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....

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Iran’s Regime Cuts Government Aid to Thousands of Disabled People

Behrooz Morovati, an activist for disability rights and the director of the 19 May Disabilities Campaign, announced that "this...

International Energy Agency: Iran Producing 3.3mn Barrels of Oil Per Day

According to the latest monthly report by the International Energy Agency, Iran's daily oil production in the month of...

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...

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Parliamentary Election Rejected by 92% of Eligible Voters in Tehran

The second round of the twelfth parliamentary elections of...

Australia Sanctions Iranian Regime Navy and IRGC Commanders

On Tuesday, May 15, the Australian Government imposed targeted...

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Iran arrests 50 suspected insurgents in oil province

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Annan says efforts underway for Iran talks with major powers

AFP: UN chief Kofi Annan said on Thursday that...