Iran Economy News

More economic turmoil in Iran after presidential election

Financial Times: Iran is suffering a new round of economic instability after the unexpected victory of moderate president-elect Hassan Rohani earlier this month. Although...

South Korea pledges 15 percent cut to Iran oil imports: sources

Reuters: South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next...

Georgia says it froze Iranians’ accounts

Wall Street Journal: The Georgian government froze approximately 150 bank accounts tied to Iranian businesses and individuals in order to comply with United...

Mitsubishi-UFJ to pay $250 million to N.Y. regulator

Bloomberg: Bank of Tokyo Mitsubishi-UFJ agreed to pay $250 million to the state of New York to settle claims it transferred billions of...

As sanctions bite, Iranians invest big in Georgia

Wall Street Journal: Economic sanctions against Iran have made it increasingly hard for Iranians to do business abroad. But Iranian businessmen are flocking...

Economy not for donkeys as crisis tops Iran voter concerns

Bloomberg: Decades after Ayatollah Ruhollah Khomeini dismissed it as an asinine matter following the Islamic Revolution in 1979, fixing the worst economy...

Iran bazaar and clergy influence wanes after 1979

AFP: Iran's powerful bazaar merchants and Shiite clergy spearheaded the 1979 Islamic revolution, but their role on the country's political scene has...

Bankrupt Iran ‘plans drastic taxes to keep afloat’

AFP: Iran is bankrupt and the regime is mulling drastic measures to keep the economy afloat, an official from an opposition movement said...

Latest news

The Pressure of Growing Cost of Living on Iranian Families

The livelihood challenges facing the Iranian people have forced what is described as a "survival economy" upon society. According...

Audio Message from Political Prisoner Parisa Kamali from Yazd Central Prison

Parisa Kamali, a political prisoner held in Yazd Central Prison, sent an audio message referring to the continued crimes...

Parliamentary Research Center Warns About Expansion of Poverty in Iran

A new report by the Iranian regime’s Parliamentary Research Center paints an alarming picture of the future of livelihoods...

Must read

Triple-Digit Inflation Pushes Iran’s Lower and Middle Classes to Breaking Point

The state-run Economy24 website, citing the latest inflation data...

The Pressure of Growing Cost of Living on Iranian Families

The livelihood challenges facing the Iranian people have forced...

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Tehran gets last chance of deal on nuclear power

The Times: Tehran will today be offered the chance...

Rumsfeld Says Weapons From Iran Found in Iraq

Washington Post: Defense Secretary Donald H. Rumsfeld said Tuesday...

Iran Hints Talks on Ending Its Nuclear Program Are Near Collapse

New York Times: A day before major negotiations were...