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Economy

Iranian Currency In Jitters As New Sanctions Approach

Radiofarda - The exchange rate of the U.S. dollar and other major currencies once again skyrocketed in Iran and reached…

Iran Ranks First On Energy Subsidies Globally

Radiofarda - With spending $45.1 billion on fossil energy consumption subsidies in 2017, Iran ranked first globally, International Energy Agency…

Dimmer Projections Of Oil Revenue Put Iran In A Bind

Radiofarda - Oil market prospects look dim for Iran as the US sanctions to be implemented in November are planned…

Zarif acknowledges impact of US sanctions on Iran’s economy

Al-Arabia - Just days before the start of a second round of US sanctions on Iran’s oil sector, Iranian Foreign…

‘Specter Of Hyperinflation Haunts Iran’ – Venezuela Style

Radiofarda - The inflation rate in Iran reached 15.9 percent in October, the Central Bank of Iran (CBI) reported one…

Under The Radar: Iran’s Oil Exports Harder To Track As Sanctions Loom

Radiofarda - According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be…

Iran turns to tourism to earn hard currency, create jobs

Al-Monitor - As another round of broad US sanctions against Iran is set to be implemented, the Islamic Republic is…

Trump’s Iran Sanctions Resolve Faces Test From Oil-thirsty China, India

Radiofarda - Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department…

S.Korea’s Hyundai E&C Cancels $521 Mln Petrochemicals Deal, Cites Iran Financing Failure

Radiofarda - South Korea's Hyundai Engineering & Construction said on Monday that it scrapped a 595 billion won ($521 million)…

Iran Starts Oil Sales To Private Exporters To Beat U.S. Sanctions

Radiofarda - Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter…