Economy

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

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.
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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.

Iran, Pakistan Discuss Banking, Energy Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Khawaja Muhammad Asif have discussed issues of mutual interest in the Azerbaijani capital of Baku.

Iran’s Parliament Supports Boosting Economic Ties with Italy

An Iranian lawmaker says Parliament's support for private sector activities in the domestic and international arena can be a significant point for the development of Iran-Italy relations.

Iran Determined to Fight Cell Phone Smuggling: Minister

Iran's Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says his ministry is determined to fight cell phone smuggling in the country.
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France’s Exports to Iran at Five-Year High

A new report indicates the volume of France’s exports to Iran in the first nine months of this year has set a new record over the past five years.

Business Ties with Tehran Very Important to Yerevan: PM

Armenia's Prime Minister Karen Karapetyan says his country attaches special importance to its relations with Iran and is keen to promote mutual economic ties with the Islamic Republic.

Foreign Investment in Iran Up %60 after Nuclear Deal

An Iranian official says foreign investment in the country has grown by 60% after the conclusion of the nuclear deal between Tehran and the six world powers

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