Economy

Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.

Mohammad Javad Azari Jahromi

Iranian Minister Apologizes over Social Media Restrictions

Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi has offered apology to those whose jobs have been interrupted due to the recent “temporary” restrictions on certain social media.

Rouhani Vows to Tackle Livelihood Problems as Top Priority

president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.

China Calls for Transit Link between Pakistan’s Gwadar, Iran’s Chabahar

Iran says it has received a request from China to establish a connection between Pakistan’s Gwadar port - which Chinese companies are developing - and Iran’s southeastern port of Chabahar.

Iran Exports Handmade Carpets to 78 Countries

An Iranian official says over the past two years, Iran has exported hand-woven carpets to 78 countries across the world.
Iran's Parliament

Iran Parliament Okays $50bn in Financing for Next Year’s Budget Bill

Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.

Iran, Qatar to Boost Banking Relations

Iran and Qatar are making arrangements to enhance their banking relations and remove obstacles to the promotion of mutual banking cooperation.
300% Increase in Departure Tax Sparks Controversy in Iran

300% Increase in Departure Tax Sparks Controversy in Iran

The sharp rise in departure tax, proposed to the parliament in the budget bill for the next fiscal year (starting March 21, 2018), is in part aimed at encouraging the public to opt for domestic trips, but travel experts and officials deem it unattainable.  

Grand Carpet Bazaar: Old Market in Heart of Tehran

Carpets are among the things that could be seen at every household in Iran. Also known as Persian rugs, they are made for a wide variety of purposes including home use, local sale, and export.
rouhani-chabahar

Iran Officially Opens Strategic Port of Chabahar

Iran has launched the first phase of a strategic southeastern port which it expects to open a multi-modal trade corridor connecting India to Central Asia.

Iran, India FMs Discuss Bilateral Ties in Tehran

Iran's Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed issues of mutual interest in a meeting in Tehran.

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