Mahdi Arman is an Iranian journalist who works as the head of the Iran Front Page (IFP) news website's Business Department. He also has a special interest in the latest social and cultural developments in Iran and the world.
Iran’s Consul General in Herat, Alireza Marhamati, announced that annual economic exchanges between Iran and Afghanistan through the Dogharoun border have surpassed $3 billion.
In the face of sanctions and currency transfer restrictions, Iran's non-oil foreign trade volume has reached $117 billion in the past 11 months, marking an 11.2% growth compared to the same period last year.
The Governor of the Central Bank of Iran, Mohammadreza Farzin, announced on Wednesday a significant increase in the country’s non-oil exports over the past 10 months.
The value of Iran's foreign trade with the Eurasian Economic Union (EAEU) countries reached $2.7bn billion from the start of the Persian year (beginning on March 20, 2024), according to Foroud Asgari, the head of Iran's Customs Administration.
Iran's Minister of Economic Affairs and Finance Abdolnasser Hemmati is set to travel to Saudi Arabia to attend the 28th annual meeting of the World Association of Investment Promotion Agencies (WAIPA) on Monday.
The Iranian vice president for legal affairs says the Financial Action Task Force (FATF) is currently being reviewed by the ministry of economy and finance, following a directive by President Massoud Pezeshkian.
In a forward-looking proposal, Governor of the Central Bank of Iran Mohammad Reza Farzin suggested the establishment of an institution akin to the Financial Action Task Force (FATF) among BRICS nations.
Iran and Pakistan are set to deepen their strategic ties by setting a 10-billion-dollar objective in their trade exchange and investment, IRNA news agency reported.
The Taliban administration in Afghanistan has invested 35 million dollars in Iran’s southeastern port city of Chabahar on commercial, residential and administrative projects, the Iranian special envoy to Kabul announced.
Probes by the General Inspection Organization of Iran indicate that “a certain company” that had received billions of dollars to import tea and machinery, sold the forex on free market at a higher exchange rate, marking “the largest fraud” in the country.
The secretary of Iran's refining industry union says the country’s refineries are producing 110 to 115 million liters of gasoline daily, which has met the local demand so far.
The governor of the Central Bank of Iran (CBI) holds a meeting with the managing-director of the International Monetary Fund (IMF), Kristalina Georgieva, in Washington for talks on ways to expand bilateral interactions and cooperation.
Russia’s VTB Bank, the country’s second largest, opens a branch in Iran, as the two countries step up their financial cooperation in the face of Western sanctions.
The Iranian and Venezuelan oil ministers have signed new agreements for broader cooperation in the energy sector, in the face of the draconian economic sanctions imposed on both countries by the US.
Iran and Belarus have signed a roadmap for comprehensive cooperation as well as seven other cooperation agreements during a visit to Tehran by Belarusian President Alexander Lukashenko.
An economic expert highlights a significant rise in Iran’s inflation under President Ebrahim Raisi, saying the first 10 months of the current Persian calendar year marked the peak of the country’s inflation in over seven decades.
Uzbekistan’s President Shavkat Mirziyoyev has called for the formation of a joint committee by the Foreign Ministries of Iran and Uzbekistan in order to draw up a road map for economic cooperation between the two countries.
An outspoken Iranian daily criticizes a dramatic rise in prices and a drop in the value of the national currency, saying the economic shock shows the administration’s managers are unable to run the country’s affairs.
