Iran Economy News

Iran says has withdrawn assets from European banks

Reuters: Iran has withdrawn assets from European banks in an attempt to evade international sanctions over the Islamic state's disputed nuclear programme, a senior...

Turkey industry min says Iran projects continue

Reuters: Turkey's Industry and Trade Minister Nihat Ergun told NTV broadcaster that joint projects with Iran were continuing and that these would not be...

LyondellBasell will quit Iran

Wall Street Journal: LyondellBasell Industries NV, one of the world's biggest plastic and chemical producers, will end its business operations in Iran to shield...

Iran says has no problem securing gasoline imports

Reuters: Iran denied on Wednesday reports that sanctions are making it harder to import gasoline, one of the most vulnerable parts of the Iranian...

Iran-Turkey gas pipeline hit by blast, flow stopped

Reuters: Iranian natural gas flows to Turkey were halted after an explosion and could take up to a week to resume after repairs are...

Iran Central Bank head seeks import reduction

AP: An Iranian state-owned newspaper quotes the country's Central Bank governor as saying imports should be decreased in response to the sanctions imposed on...

Iran says Turkey may help build petrochemical units

Bloomberg: Turkey and Iran may jointly build two petrochemical units, state-run Press TV news channel reported, citing Iran’s Deputy Oil Minister. ...

Nabucco group scraps plan for Iranian gas supply

Dow Jones: European energy companies have shelved a plan to source gas from Iran to Europe via the European Union-backed Nabucco gas pipeline given...

Latest news

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...

Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in Iran, Eghtesad News website reported that installment payments are becoming...

Must read

Prospect of Renewed U.S.-Iranian Regime Talks Drives Oil Prices Lower

Esmaeil Baghaei, spokesperson for the Iranian regime's Ministry of...

Why Bandar Abbas and Chabahar Have Become Central to Military Developments

In Iran, the southern ports occupy a position that...

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Iran’s plan to phase out subsidies brings frenzied debate

New York Times: The outside world may be focused...

Iran’s Mahmoud Ahmadinejad orders banks to move assets to beat EU

Daily Telegraph: The president of Iran has ordered the...