Iran Economy News

Iran’s Entekhab to buy Daewoo Elec for $513 mln

Reuters: Unlisted Iranian appliance maker Entekhab Industrial Group will sign a deal soon to buy South Korea's Daewoo Electronics for about 577.8 billion won...

Total says has halted oil products trade with Iran

Reuters: French oil major Total has halted all its trade in oil products with Iran in compliance with a European embargo, Total Chief Executive...

Japanese firm will exit Iran oil project

Wall Street Journal: Japanese oil and natural gas producer Inpex Corp. said it agreed with Iran's state-owned National Iranian Oil Co. that it will...

Japan’s Inpex to quit Iran Azadegan oilfield project

Reuters: Inpex Corp, Japan's top oil explorer, has pulled out from Iran's Azadegan oil field project as expected, after U.S. sanctions against Iran over...

Sanctions an ‘opportunity’ for local companies: Iran

AFP: A large-scale withdrawal from Iran by international companies as part of economic sanctions represent an "opportunity" for domestic companies, the Islamic republic's oil...

Iran to hold Opec presidency for first time in 36 years

BBC: Iran will assume the presidency of the Organization of Petroleum Exporting Countries (Opec) for the first time in 36 years. ...

FEATURE-Iran currency drop, strikes show unease over reforms

Reuters: In Tehran's Grand Bazaar, the vaulted alleys that normally ring to the hammers of goldsmiths, have been quiet recently; the doors of the...

Iran faces fuel policy fears: IEA

AFP: Iranian energy policy is seriously constrained by several dilemmas over petrol rationing and concern about social unrest if fuel subsidies are reduced, the...

Latest news

Tunnel Entrances at Isfahan Nuclear Site Blocked, According to The Telegraph

The Telegraph reported in a new article, citing satellite imagery, that the Iranian regime has moved to block three...

21-Hour Negotiations Between United States and Iranian Regime End with No Results

According to Reuters, after 21 hours of intensive talks between representatives of the United States and the Iranian regime...

A Fresh Wave of Arrests and Judicial Repression in Iran

As the widespread repression of citizens continues across different parts of Iran, the intelligence and law enforcement bodies of...

Must read

Tunnel Entrances at Isfahan Nuclear Site Blocked, According to The Telegraph

The Telegraph reported in a new article, citing satellite...

21-Hour Negotiations Between United States and Iranian Regime End with No Results

According to Reuters, after 21 hours of intensive talks...

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Gulf Arabs slam Iran meddling, urge Yemen dialogue

Reuters: Gulf Arab states voiced deep concern on Sunday...