Iran Economy News

Iran inflation acelerates to 14.2% in May, Central Bank says

Bloomberg: Iran’s inflation accelerated to 14.2 percent in the 12 months through the Iranian month of Ordibehesht, which ended May 21st, from 13.2 percent...

Iran’s Aliabadi to attend OPEC meeting, Vice President says

Bloomberg: Iran’s Mohammad Aliabadi, appointed last week by President Mahmoud Ahmadinejad as the nation’s acting oil minister, will represent the nation when OPEC members...

Iran-Turkey trade tops $4bln in first four months – report

Iran Focus: Tehran, Jun. 07 - The total trade between Iran and Turkey for the first four months of the current Persian calendar year...

Iran exchange starts fuel oil trading in Kish island, Fars says

Bloomberg: The Iran Mercantile Exchange has started trading fuel oil in the Persian Gulf’s island of Kish, according to the Fars news agency. ...

U.S. backs Caspian gas pipe to Europe, no Iran supply

Reuters: The Obama administration told Congress on Thursday it strongly supported a Southern Corridor pipeline to bring natural gas from the Caspian region to...

Iran’s Entekhab threatens legal action over sale of Daewoo Electronics

Reuters: Iran's Entekhab Industrial Group threatened on Thursday to take legal action to stop the sale of unlisted Daewoo Electronics Co Ltd after top...

Daewoo Elec $513 mln takeover deal falls apart – source

Reuters: Daewoo Electronics creditors-turned-shareholders dropped the $513 million deal to sell the electronics maker to Iran's Entekhab Industrial Group, a source with direct knowledge...

Iran and Armenia look to strengthen economic ties

Iran Focus: Tehran, May 31 - Iranian Foreign Minister Ali Akbar Salehi and Armenian Minister of Energy and Natural Resources Armen Movsisyan met in...

Latest news

Iran’s Regime Executes Two More Protesters from the January Uprising

This morning, two more protesters were executed by Iran's regime. Mizan, the state-run news agency affiliated with the judiciary of...

The Collapse of Iran’s Economic Resilience

The latest international reports show that the Iranian regime’s economy ranks near the bottom among 130 global economies. This...

Iranian Nurses Protest Unpaid Outstanding Claims

On May 30, a group of nurses in Yazd Province held a protest rally outside the Governor-General's Office, demanding...

Must read

Political Prisoner Bijan Kazemi Sentenced to 37 Years and Six Months in Prison

Bijan Kazemi, a political prisoner held in Tehran’s Evin...

The Vicious Cycle of Poverty in Iran

Over the past more than a decade, Iran’s economy...

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US ‘watching Iran closely’

Press Association: US General David Petraeus urged Iran to...

BP, Statoil’s Shah Deniz gas field exempt from EU Iran sanctions

Bloomberg: BP Plc and Statoil ASA’s Shah Deniz natural-gas...

Robert Gates to discuss Iran with Oman’s ruler: official

Reuters: Defense Secretary Robert Gates arrived in Oman Sunday...