Economy & Environment

Iran's GDP growth halves despite surge in oil exports

Iran's GDP growth halves despite surge in oil exports

Despite a 20% surge in oil exports, Iran's GDP growth in the first half of the current Iranian calendar year starting March 21 significantly declined due to a recession in other sectors, such as agriculture, industries, and the service sector.

Iran signals preparation for potential unrest

Iran signals preparation for potential unrest

Iran's energy-rich government is bracing for potential unrest amid rolling blackouts and rising gasoline prices, with judicial, security and intelligence services briefed to be ready for a response.

Iran rejects reports of declining oil exports

Iran rejects reports of declining oil exports

Iran’s oil minister denied reports on Wednesday that oil exports have declined, even as the Iranian currency continued its downward spiral and the country faced acute shortages of natural gas and electricity.

Iran's rial hits record low amid growing uncertainty

Iran's rial hits record low amid growing uncertainty

The Iranian currency hit an all-time low of 753,000 rials to the US dollar on Saturday, marking the sixth record drop since September, when Tehran began losing influence in the region to Israel and other players.

You think it's bad today? Wait till you see tomorrow

You think it's bad today? Wait till you see tomorrow

Mahmoud looks spent; he’s 45 but looks older. Grey-haired, unshaven, bespectacled — financial anxiety has worn him out. He owns no home, holds no significant assets and dares not think about the future. "Let’s make it to tomorrow is our motto," he says.

Q&A: All you need to know about Iran's FATF problem

Q&A: All you need to know about Iran's FATF problem

Iran’s government says it is taking steps to resolve the long-standing problem of being black-listed by the Financial Action Task Force (FATF) but hardliners still staunchly oppose accepting the watchdog's recommendations.

Can Pezeshkian's plan to hire foreign financial advisers work?

Can Pezeshkian's plan to hire foreign financial advisers work?

Iranian President Masoud Pezeshkian reiterated his campaign pledge this week to invite foreign experts to help address the country’s economic crisis, as his administration struggles with soaring inflation, severe shortages, and a collapsing currency.

Iran’s president warns of looming economic abyss

Iran’s president warns of looming economic abyss

President Masoud Pezeshkian, in a speech on Friday, highlighted Iran’s significant shortcomings and shortages across various sectors, warning that in some areas, “we are standing on the edge of an abyss.”