Iran Economy News

Reuters: South Korea blacklisted on Wednesday 102 companies, including the Seoul branch of Iran's Bank Mellat, and 24 individuals accused of facilitating Iran's efforts...

Bloomberg: Lebanese banks will have to comply with stricter sanctions by the United Nations, the U.S. and the European Union on Iran, Central Bank...

Wall Street Journal: South Korea will move to temporarily close the local branch of an Iranian bank as part of its effort to join...

AFP: Oil Minister Masoud Mirkazemi said on Tuesday that Iran has attained self-sufficiency in producing petrol, a commodity targeted by world powers in new...

Reuters: The U.S. Treasury Department on Tuesday said it designated an Iranian-owned bank in Germany as facilitating Iran's efforts to develop nuclear weapons, a...

AFP: Iran's main audit body has slammed the government's plan to scrap subsidies from later this month and its policy of privatising state firms,...

Wall Street Journal: The United Arab Emirates central bank is studying the economic impact of United Nations sanctions against Iran and has asked lenders...

AFP: Most banks in the United Arab Emirates, an important trading partner for Iran, have stopped money transfers there after the latest round of...