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Iran to unify forex rates after N deal

ECONOMY

Iran to unify forex rates after N deal

The governor of the Central Bank of Iran (CBI) says a single forex system will be introduced in the country within six months after a final nuclear deal between the P5+1 group of countries takes effect.

US income inequality worsens: Study

ECONOMY

US income inequality worsens: Study

Income inequality in the United States continued to grow in 2014, according to University of California economist Emmanuel Saez.

Iran burns more gasoline despite price hike

ENERGY

Iran burns more gasoline despite price hike

Iran’s gasoline consumption rose in the first quarter of the year which began on March 21 despite the country’s cancellation of subsidized fuel to motorists, the Ministry of Petroleum reported on Monday.