Iran Economy News

Rial rebounds against dollar in sanctions-hit Iran

AFP: Iran's rial rebounded against the dollar on Tuesday as banks in the Islamic republic offloaded the greenback to curb the local currency's recent...

Iran’s rial stays fragile despite central bank move

Reuters: Iran's currency, the rial, defied central bank attempts to revive its value on Sunday, remaining weak after falling 13 percent against the dollar...

Statoil eyes exit from Iran by 2012 or earlier

Reuters: Norwegian energy group Statoil said on Friday it would conclude work in Iran by 2012 at the latest and is now only providing...

US hits Iranian energy firm with sanctions

AP: The Obama administration on Thursday slapped sanctions on a Swiss-based Iranian company involved in Iran's oil and gas sector and claimed success in...

Japan Inpex may quit Iran over US sanction-minister

Reuters: Japan's top oil explorer Inpex Corp may pull out of an oilfield project in Iran, joining other global energy firms in abandoning activities...

Dollar surges in Iran as sanctions bite: forex dealers

AFP: The US dollar rate surged in Iran on Thursday as local banks halted the sale of foreign currency to private individuals, with some...

Iran cenbank says to stabilise rial vs dollar

Reuters: The Central Bank of Iran aims to stabilise the currency, which suffered a sudden drop in value in recent days, to a "normal"...

Japan to withdraw from Iran oil project: reports

AFP: The Japanese government and oil developer Inpex Corp. plan to completely withdraw from Iran's largest onshore oil field project to avoid possible US...

Latest news

Details of the Execution of six PMOI Members

Following the execution of six prisoners affiliated with the People’s Mojahedin Organization of Iran (PMOI/MEK) by Iranian regime security...

International Conference Condemns Rise in Iran Executions, Voices Support for NCRI

An international conference was held near Paris on April 10 to protest the recent rise in executions in Iran....

Amnesty International: Internet Access Is a Fundamental Human Right and Must Be Restored Immediately

As Iran continues to experience one of its longest internet disruptions, Amnesty International on Friday, April 10, pointed to...

Must read

Iranian Regime Rejects U.S. Ceasefire Proposal, Major Attack on Asaluyeh Petrochemical Facilities

On Monday, the official IRNA news agency reported that...

International Conference Condemns Rise in Iran Executions, Voices Support for NCRI

An international conference was held near Paris on April...

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