Iran Economy News

Iran president’s jobless figures are misleading, Shargh reports

Bloomberg: Unemployment statistics presented by Iran’s President Mahmoud Ahmadinejad are deceitful, according to Ahmad Tavakoli, an economist and head of the parliament’s research center,...

Iran starts first underground gas storage facility, PressTV says

Bloomberg: Iran started its first underground natural-gas storage facility with an annual capacity for 3.3 billion cubic meters of gas, Press TV reported yesterday....

Iran, Chile discuss promotion of economic ties

Iran Focus: Tehran, May 14 - A delegation from Iran’s Majlis (Parliament) travelled to Santiago this week to discuss the potential for closer economic...

Iran pipes joint oilfield with Oman to Bandar Abbas refinery

Iran Focus: Tehran, May 14 - The managing director for Bandar Abbas oil refinery Mohammad Ali Mojtahedzadeh has announced that the Hengam joint oilfield...

U.S. recognizes India’s need for Iranian oil: official

Reuters: The United States recognizes that India will keep buying oil from Iran but is not actively suggesting ways to pay for it without...

Iran’s parliament signs off on $508 billion budget based on oil price at $81.5 a barrel

AP: Iran’s parliament has signed off on a $508 billion budget bill that is about 40 percent bigger than that approved the previous calendar...

Iran’s unemployed rise by 1.6 million each year, Shargh reports

Bloomberg: Iran’s unemployed population increases by about 1.6 million each year, Shargh reported, citing parliamentary member Jalal Mahmoudzadeh. Bloomberg By Ladane...

Iran bases budget on oil around $81.50 per barrel

Reuters: Iran is basing the oil price for its 2011/12 budget at around $81.50 per barrel and expects the price of oil to pick...

Latest news

Hollow Show of Power by Supporters of Iran’s Regime in the Streets

While the consequences of around 50 days of conflict between Iran, the United States, and Israel have left the...

Rental Crisis in the Shadow of War; Livelihood Deadlock for Iranian Tenants

The end of military conflict and the ceasefire between the United States and Iran's regime have not restored calm...

Iranian Protester Dies Under Torture by Regime Agents

Abbas Yavari, a 31-year-old and one of the protesters in the January protests, was killed under systematic and organized...

Must read

Internet Shutdown in Iran: 48 Days of Blackout and $80 Million in Daily Losses

With the continued widespread disruption in internet access, the...

The Collapse of Iran’s Economy; How Long Can People Endure?

As economic crises continue to intensify across the country,...

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Iran says threats won’t work in any atomic talks

Reuters: Iranian President Mahmoud Ahmadinejad said on Thursday threats...

Iran’s interior minister sacked over fake degree

AFP: Iran's parliament on Tuesday voted to sack Interior...

U.S. lawmakers moving to tighten screws on Iran

Reuters: The U.S. Senate is looking to strengthen the...