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

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the world's largest illegal gambling networks has become part of the...

Iran’s Statistical Center: Point-To-Point Inflation in July Reached Nearly 88%

Amid Iran's deepening economic crisis and mounting pressure on household livelihoods, the Statistical Center of the Iranian regime announced...

Serious Drug Shortage in Iran as Officials Assure Supplies for Arbaeen Pilgrims

Salman Eshaqi, spokesperson for the Health and Treatment Commission of the Iranian regime's Majlis (parliament), described the country's drug...

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Iranian Regime Executes Two More Protesters from the January Uprising

State-run media in Iran reported on Tuesday, July 28,...

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the...

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Iran: Religious edict authorises crocodile meat consumption

AKI: Iranian Shia religious authorities have issued a fatwa,...

Strikes Continue in Gold Markets Across Iran

Despite the efforts of Iranian regime security entities, the...

US seeks Swiss help on student held in Tehran: State Dept.

AFP: The United States is asking Switzerland, which represents...