Iran Economy News

Iran cenbank to sell 45 bln euros -media

Reuters: Iran's central bank will sell 45 billion euros from reserves to buy dollars and gold, state-owned media said on Wednesday, signalling a u-turn...

Iranian subsidy cuts to hurt Afghan refugees – UNHCR

Reuters: Iran's plans to slash subsidies on electricity, water and food will pinch Afghan refugees who are already struggling to make ends meet, the...

Iran awards Pars gas phases to Revolutionary Guards: report

AFP: Iran has awarded a business unit of the elite Revolutionary Guards the rights to develop phases 13 and 14 of the giant South...

Pakistan, Iran sign major gas pipeline agreement

AFP: Pakistan and Iran on Friday signed a "sovereign guarantee" agreement paving the way for the completion of a 7.5-billion-dollar gas pipeline project within...

ANALYSIS-Iran’s Ahmadinejad takes gamble on subsidy cuts

Reuters: A ragged and torn one-thousand Iranian rial note is worth around $0.10 and can buy you a couple of bus rides across Tehran,...

Iran aims to become gasoline exporter – official

Reuters: Iran seeks to become self-sufficient in gasoline in two years' time and then to start exporting the fuel, an official said on Sunday,...

Shell trims exposure to Iran crude – sources

Reuters: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making ...

Oil trade with Iran thrives, discreetly

Wall Street Journal: An oil tanker named Front Page, chartered by Royal Dutch Shell PLC, left this port on March 17 and reported...

Latest news

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...

Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for Terrorism and Financial Intelligence, sees Iran's increased capacity to transport...

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Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of...

Iran’s Cooperation Level Unacceptable, IAEA Director Says

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

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Singapore tightens trading rules with Iran, North Korea

Dow Jones: Singapore said Friday it will tighten its...

Cheney: Mideast peace not required for Iraq, Iran progress

AFP: US Vice President Dick Cheney said Monday as...