Iran Economy News

Iran inflation falls slightly to 9.4 pct – cen bank

Reuters: Iran's inflation level fell to 9.4 percent in June, from 9.9 percent in the previous month, its central bank governor said on Saturday....

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

Reuters: South Korea's GS Engineering & Construction (GS E&C) said on Thursday that it has called off a 1.42 trillion won ($1.2 billion) gas...

Iran lifts restriction on foreign investment in banks

Bloomberg: Iran lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company, the...

Iran sees no risk to gasoline imports, official says

Reuters: Iran sees no risks to its gasoline imports, an oil official said on Tuesday, a day after France's Total joined the list of...

Russia’s Gazprom Neft eyes Iran, Cuba oil projects

Reuters: Gazprom Neft, the oil arm of Russian energy firm Gazprom, is looking to expand its foreign operations into oil-rich Cuba and Iran, which...

Oil spill could push up prices – Iran official

Reuters: The Gulf of Mexico oil spill is likely to cause a rise in world oil prices, Iran's OPEC governor, Mohammad Ali Khatibi, said...

Total says it has halted petrol sales to Iran

AFP: French oil group Total said Monday it had halted shipments of oil products to Iran following adoption by the United States of economic...

Spain’s Repsol pulls out of Iran gas project

Reuters: Spain's largest oil company Repsol has pulled out of a contract it won with Royal Dutch Shell to develop part of the South...

Latest news

Price of Housing in Tehran At $1,340 Per Square Meter

Despite the housing market recession, the price of housing in Tehran increased in March 2024, with the average price...

Canadian Parliament Approves Proposal to Proscribe Iran’s IRGC

On Wednesday, May 8, members of the Canadian House of Commons unanimously voted to add the IRGC to the...

Iran’s Medical Society is in Crisis

Iraj Fazel, the head of the Surgeons Society and former Minister of Health of the Iranian regime, has warned...

Must read

Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for...

Iran’s Cooperation Level Unacceptable, IAEA Director Says

The Director-General of the International Atomic Energy Agency (IAEA)...

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UK Warship En-Route to Gulf to Tackle Iran

By Pooya Stone Britain has sent warship HMS Kent...

France says sanctions on Iran will be stepped up

Reuters: France said on Tuesday it would continue to...