21 Hrs
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2026-10-12T11:00:00.000Z

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Novak: Diesel exports to surpass 3 million tons monthly by 2026

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Novak: Diesel exports to surpass 3 million tons monthly by 2026

Dubai Green Summit Plans Climate Funding

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Etisalat UAE leads in smartphone data speeds

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14 Hrs2026-10-12T18:27:00.000Z
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Lebanon’s crisis needs reforms

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Lebanon’s crisis needs reforms

IMF and World Bank discuss debts and AI in Bangkok

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23 Hrs2026-10-12T08:49:00.000Z
IMF and World Bank discuss debts and AI in Bangkok
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Iran's economy faces inflation and security issues

The Iranian economy is suffering from a severe decline due to economic sanctions and an inflation rate that has reached approximately 90%. The gross domestic product has contracted by 10.1% in the first three months of the year, leading to a drop in purchasing power and increased hardship for families. Rising prices of goods, including raw materials and tools, have caused stagnation in small sectors such as cabinet manufacturing, with business owners considering shutting down their workshops due to declining demand and rising costs. Additionally, the Iranian economy faces further challenges from tensions with the United States, exchange rate fluctuations, and capital flight. Official recognition has been made of the impact of sanctions on domestic conditions, with expectations of further deterioration and the potential outbreak of popular protests due to worsening economic hardships.

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