A move by Iran to recover bad debts on behalf of banks has shed light on possible corrupt lending under the previous president and also suggests a fresh spirit of cooperation among its various centres of power.
A reported big incr
Moderate cleric Hassan Rouhani took office as Iran's president on Saturday, succeeding Mahmoud Ahmadinejad, after Supreme Leader Ayatollah Ali Khamenei endorsed him, Iranian media said.
Rouhani's resounding election win in
Iranian President Mahmoud Ahmadinejad on Thursday dismissed his only female cabinet minister, Health Minister Marzieh Vahid Dastjerdi, after she criticised her colleagues for failing to provide funds to import vital medicines.
Iran's food distribution system is in crisis even though Western sanctions do not directly target the market, badly hurting the poor and turning some staples into luxuries.
Private importers are shrinking away from deals made
Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency, Iranian media reported.
Iran does not take seriously Israeli threats of attack, but is prepared to defend itself, Iranian President Mahmoud Ahmadinejad said on Monday, while saying that Israel has "no roots" in the history of the Middle East
Iran's biggest bank said it had taken legal action against another local lender, an Iranian news agency reported, in the wake of a $2.6 billion fraud which has shaken Iran's political establishment.
The biggest fraud in the 32-year
Iranian President Mahmoud Ahmadinejad, now out of favour with Supreme Leader Ayatollah Ali Khamenei, suffered more setbacks in a run-off parliamentary election seen as a pointer for next year's presidential race, results showed on Saturday.
Iranians voted on Friday in a run-off parliamentary election that could establish a new balance between Iran's top leader and its president in the legislative assembly.
State television reported that polling stations in 33 constituenci
Iranian President Mahmoud Ahmadinejad said Iran has enough funds to withstand a total embargo on its oil sales for several years, Iranian media reported on Tuesday.
"They (western powers) want to impose sanctions on our oil and we must say