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Economy

Baku Signs Another Caspian Oil Contract,While Iran Still Waits

Radiofarda - Azerbaijan’s state-run oil and gas company, Socar, signed a new 25-year production sharing contract (PSA) with British Petroleum…

Can ‘de-dollarization’ break Iran’s economic isolation?

Al-Monitor - While the nuclear deal struck between Iran and six world powers in 2015 lifted international sanctions, it failed…

Iran set for landmark jump of 70% in aluminum output

PayvandNews - Iran's aluminum production is headed for a landmark rise of 70% when a new smelter comes online early…

In Iran’s Tough Job Market University Graduates Face High Unemployment

Radiofarda - More than forty percent of the unemployed in Iran are university graduates, says a representative of the government’s…

Cut Out Of Domestic Market, Paper Producers Shut Down

Radiofarda - Paper production in Iran has come to a complete stop until further notice, the chairman of the Paper…

Appliances And Vehicles Market Hit By Forex Crisis, Blackouts on the Way

Radiofarda - Two weeks after the Rouhani administration introduced its new foreign exchange policy of a single rate for US…

Iranians Hit By ‘Perfect Currency Storm’

RFL/RE - Every day, hundreds head to Tehran's bustling Ferdowsi street to buy foreign currency, only to find that many…

Iran Bans Banks From Using Cryptocurrencies

RFL/RE - Iran has banned the use of bitcoin and other cryptocurrencies by its banks and financial institutions. "The use…

Will Iran’s banking sector collapse?

Al-Monitor - Iranian and international experts have opined for some time that Iran’s banking sector is at risk of a…

Iranians: Surge in Foreign Drug Prices Causing Hardship

VOA - Iranians say prices of foreign pharmaceuticals have surged in recent weeks because of the strengthening U.S. dollar, causing…