Iran’s Minister of Industry, Mines and Business says, fluctuations in the local forex market in the past four months have tripled the number of applications for import licenses worth $250 billion dollar.
As Iran's currency nosedives, consumer prices rise and manufacturers cut jobs.
Iran’s health ministry spokesman has admitted that the country is currently suffering from shortages of foreign-made medications, but, insisted that “it can be overcome”.
In competition with Saudi Arabia, Iran is reducing oil prices for its Asian customers.
Iran's Supreme Leader has blamed the Islamic Republic's ongoing economic crisis on the Rouhani administration, and has forbidden negotiating with the United States.
A former commander of Iran's Islamic Revolution Guards Corps (IRGC) says "the United States and Israel have set up an intelligence organization in Iran."
President Hassan Rouhani has described the Caspian summit as one of great “importance,” but some Iranians are worried that Iran’s rights could be compromised by the new agreement.
Iran’s investment finance contracts with European, Japanese and South Korean banks have been suspended, the director of loans at Islamic Republic’s Investment Organization has disclosed.
Iran's Islamic Revolutionary Guards Corps (IRGC) says its forces have killed 10 militants in a Kurdish region near the border with Iraq.
Reports from Iran indicate an "intense clash" between security forces and angry fans attending a football match in Tehran on Friday.
The Iranian currency started the new Iranian week on Saturday with another decline, trading above 10,500 rials to the dollar.
U.S. President Donald Trump spoke on Friday with French President Emmanuel Macron and they discussed trade, Iran and the Middle East, the White House said.
Iran is preparing a contingency budget for the worst-case scenario and under renewed U.S. sanctions
The embattled Turkish lira tumbled almost 20 percent to new record lows against the dollar on Friday as strains with the United States intensified.
A United Nations agency says Syria's seven-year-long civil war has cost the country $388 billion in economic damage.
The looming water crisis in Iran is “much more severe” than what has already been predicted. Iran's water can run out sooner than oil.
Former President Mahmoud Ahmadinejad has once again called upon the heads of the Islamic Republic’s three branches of government to step down.
Amnesty International (AI) has called on Iran to release peaceful protesters following a wave of arrests over demonstrations against the Islamic Republic’s dire economic conditions and its foreign military interventions.
Only days after the announcement of President Hassan Rouhani’s new forex policy, the value of Iranian national currency rial nosedived once again on the country’s open market.
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