iran economy
Iran busts ring involved in money laundering activities

Iran busts ring involved in money laundering activities

Iran’s Ministry of Economic Affairs and Finance (MEAF) says a large money laundering ring with over half a billion dollars worth of transactions has been broken up as part of country’s widening crackdown on financial crimes.

Car scrappage in Iran at its 10-year high: IDRO

Car scrappage in Iran at its 10-year high: IDRO

Iran has reported a new record in car scrapping amid efforts to control air pollution in large cities and to help auto manufacturers through economic difficulties caused by foreign sanctions.