Economy of Iran

Dec 20 2024

Iran’s Central Bank to inject cash into market as rial hits record lows

Iran’s Central Bank plans to sell foreign currencies next week in an effort to stabilize the rial, which has been losing value against the US ...

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Nov 25 2024

Oil prices ease, Russia, Iran tensions check losses

Oil prices slipped on Monday following 6% gains last week, but supply worries amid mounting tensions between Western powers and major oil producers Russia and ...

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Nov 22 2024

Audit report unveils surge in loss-making Iranian state companies

A recent report by the Supreme Audit Court of Iran (SAC) has shown a sharp rise in the number of loss-making state-owned companies during President ...

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Nov 18 2024

Food poverty in Iran escalating amid rising inflation

Over 32 million Iranians—more than one-third of the population—were living below the poverty line by March 2022 and are now grappling with food insecurity, according ...

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Nov 13 2024

Iranian Bank Cards Now Usable in Russia

Iranian bank cards can now be used in Russia, Iranian state television reported, marking a new effort by Tehran and Moscow to counteract Western sanctions ...

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Nov 13 2024

Iran’s 2025 Budget Bill Sparks Concerns Over Potential Gasoline Price Hike and Worsening Economic Inequality

Economist Farshad Momeni has raised alarms over the possibility of a 40% gasoline price increase in Iran’s upcoming 2025 budget, calling the budget’s overall policies ...

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Nov 12 2024

Iranian and Russian payment networks connected

Addressing this ceremony, Central Bank of Iran Governor Mohammad-Reza Farzin mentioned integration of the two countries’ banking subsystems as a big step towards creating integrated ...

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Nov 07 2024

The Financial Burden of Loss-Making State-Owned Companies on Iran’s Economy

In recent years, one of the significant issues with Iran’s budget proposals has been the ongoing losses from state-owned enterprises. These losses have placed a ...

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Nov 07 2024

Iran’s currency tanks to all-time low

Iran’s currency fell on Wednesday to an all-time low as former president Donald Trump apparently clinched the US presidency again, signaling new challenges ahead for ...

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Sep 04 2024

Iranian parliament summons Central Bank chief over state bank employee loans

Iran's Central Bank Governor has been summoned by Parliament after reports surfaced of major loans being granted by the country's banks to their own employees ...

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Sep 03 2024

How Son Of Iran’s Ayatollah Khamenei’s Advisor Became An Oil Tycoon

Hossein Shamkhani, the son of Iran's former national security chief, has emerged as a major player in the global oil market, a Bloomberg report says. ...

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The Military Command of Austria has come under fire for inviting the Iranian military attaché, IRGC officer Mohammad Javad Samavati to a parade in Vienna on the Austrian National Holiday. On October 26, the Iranian officer marched across Vienna’s central Heldenplatz square along with guests from other countries, including British and Serbian military representatives. As IRGC is declared a terror organization in the US, Canada, Sweden, and Australia, while it is considered a terror organization in the EU and the UK, do you think it's appropriate that its representative will march officially in a parade on European soil?

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