News
Iron market traders in Tehran halt work amid rial’s fall
34+ min ago (1640+ words) Iron market traders in Tehran stopped work on Sunday, closing their shops to protest worsening economic conditions and the rial's fall. Protests broke out among shopkeepers in central Tehran on Sunday after a sharp slide in the rial, with videos…...
Tehran shopkeepers protest currency plunge as rial hits all-time low
2+ hour, 8+ min ago (1688+ words) Protests broke out among shopkeepers in central Tehran on Sunday after a sharp slide in the rial, with videos sent to Iran International showing crowds chanting antigovernment slogans. Mobile phone traders gathered outside the Iran Mobile Center and the Alaeddin…...
Iran economy contracts despite modest oil growth as inflation and rial slide
14+ hour, 9+ min ago (1645+ words) Iran's economy slipped back into contraction in the first half of the current year as inflation accelerated and the rial sank to record lows, compounding the pressure on President Masoud Pezeshkian as his government seeks approval for a tight budget…...
Iranian workers and consumers to bear cost of budget deficit, experts warn
1+ day, 2+ hour ago (1652+ words) Iran's draft budget for the coming year, submitted to parliament this week, is being widely described by economists as the most contractionary in decades, shifting the burden of deficit control onto workers and consumers. President Masoud Pezeshkian presented the draft…...
One percent holds nearly a third of Iran’s wealth, Tehran daily says
1+ week, 1+ day ago (1661+ words) A leading economic newspaper in Tehran warned that poverty and inequality in Iran are deepening under intensified international sanctions, saying nearly one-third of the country's wealth is now concentrated in the hands of just one percent of the population. In…...