Economy

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

Finance

Iran ex-Central Bank Governor: FATF compliance could facilitate transactions with China, Russia

IFP Editorial Staff -
A former governor of Iran's Central Bank, underscored the potential benefits of Iran's compliance with the anti-money laundering Financial Action Task Force (FATF) standards, particularly in enhancing international banking transactions.
Economy

Economy minister: Remaining on FATF blacklist unjustly labels Iran as money launderer 

IFP Editorial Staff -
Iran's minister of economy has criticized the continued inclusion of Iran on the Financial Action Task Force (FATF) blacklist, arguing it unfairly labels the country as engaging in money laundering. 
Economy

Iran’s Chabahar Free Zone, Armenia business sectors sign cooperation agreements

IFP Media Wire -
The Chabahar Free Zone Organization on the coast of Oman Sea in southeastern Iran, has signed four cooperation agreements with four Armenian economic actors, aimed at providing the necessary groundwork and conditions to facilitate, expedite, guide, and support investment in the region.
Economy

Iran, Russia payment networks connected

IFP Media Wire -
Russia’s Mir payment network and Iran’s Shetab payment system were officially connected in a ceremony on Monday, as Tehran and Moscow continue to strengthen their financial cooperation.
Economy

Customs: Iran’s non-oil trade in past 7 months surpasses $70bn

IFP Editorial Staff -
Iran's Customs Administration released a report on Monday detailing the country's foreign trade statistics for the first seven months of the current Iranian year.
Economy

Iran’s foreign trade hits $100b

IFP Media Wire -
The value of Iran’s foreign trade has reached $99.7 billion during the first seven months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration (IRICA) said in a report.
Finance

Former official: Iran president has sufficient momentum for FATF approval

IFP Editorial Staff -
The debate over the Financial Action Task Force (FATF) continues to intensify in Iran, with key political figures expressing divergent views.
Economy

Iranian vice president: Joining FATF under review by administration

IFP Editorial Staff -
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.
Foreign Policy

President Pezeshkian urges BRICS economic synergy, resistance against dominance of US dollar

IFP Media Wire -
Iranian President Massoud Pezeshkian has called on the BRICS group of emerging economies to create interconnected economic and trade cooperation among its member states, involving both public and private sectors, emphasizing that these endeavours would resist the dominance of the US dollar in their exchanges.
Foreign Policy

Iran’s president: BRICS ‘a path to counter U.S. unilateralism’

IFP Editorial Staff -
Iranian President Massoud Pezeshkian has highlighted the importance of the BRICS summit that is underway in the Russian city of Kazan, saying the intergovernmental organization can strengthen ties between member states and beat back U.S. unilateralism. 
Economy

Iran’s economy minister: Internet filtering has limited, slowed economic activities in cyberspace

IFP Editorial Staff -
Iran’s Minister of Economy says the internet filtering has damaged the country’s economy and urged relevant officials to lift the restrictive measure.
Economy

Iran’s First VP in Armenia for economic forum

IFP Media Wire -
Iranian First Vice President Mohammad Reza Aref landed in Armenia to attend the third edition of the Eurasian Economic Forum and a meeting of the Eurasian Intergovernmental Council.
Economy

Iran, Pakistan agree to settle dispute over gas pipeline project

IFP Media Wire -
Tehran and Islamabad made arrangements to remove the obstacles to the implementation of a gas pipeline project between the two countries.
Economy

Iran’s non-oil trade with neighbors reaches $32.6 billion in first half of 2024

IFP Editorial Staff -
Mohammad Reza Rezvanifar, the head of Iran's Customs Administration, announced that Iran's non-oil trade with 15 neighboring countries reached 50 million tons, valued at $32.6 billion, during the first half of the current year.
Energy

Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’

IFP Editorial Staff -
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
Economy

Chinese envoy blames Western sanctions for trade hurdles with Iran

IFP Editorial Staff -
China’s Ambassador to Tehran Cong Peiwu says the persisting problems for transactions between the Chinese and Iranian businesspeople are rooted in the Western, and specifically US, sanctions.
Economy

Head of Securities and Exchange Organization of Iran steps down amid loan row, red market

IFP Media Wire -
The Chairman of the Board of the Securities and Exchange Organization of Iran Majid Eshghi confirmed on Saturday he resigned from the post after a long period that the markets have been in the red, and days into a reported row over low-rate bank loans he received.
Economy

Controversy surrounds billion-toman loans to Iran’s stock market board amid public outcry

IFP Editorial Staff -
Iranian media is abuzz with controversy after it was revealed that senior members of the country's Securities and Exchange Organization (SEO) granted themselves loans totaling 10.5 billion tomans. 
Finance

Unofficial sources say several Iranian banks hit by massive cyberattack

IFP Media Wire -
A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced Tehran to agree to a ransom deal of millions of dollars, Politico reported citing people familiar with the case. The Islamic Republic has yet to respond to the claim.
Economy

Official: Illegal import of iPhones costs Iran $900mn

IFP Editorial Staff -
Iran’s ban on importing iPhone cellphones has led to a capital flight of 900 million dollars to sneak the phones in high demand into the country through illegal channels and smuggling, the head of the country’s Association of Mobile Phone Importers says.
Economy

Iran’s president terms expansion of intl. interactions as key to resolving economic problems

IFP Media Wire -
Iranian President Masoud Pezeshkian has described the expansion of international interactions as a key solution to the country's economic challenges. He also emphasized his administration's endeavours to foster such cooperation and attract foreign investment.
Economy

Iran, Turkmenistan ink cooperation deals in various fields

IFP Media Wire -
Iran and Turkmenistan have signed a number of cooperation agreements during a visit by the Chairman of the People's Council of Turkmenistan, Gurbanguly Berdimuhamedow to Tehran.
Parliament

Iran president’s pick for trade ministry says ‘rise in non-oil exports’ on agenda

IFP Editorial Staff -
Iranian President Massoud Pezeshkian’s nominee for the ministry of industry, mine, and trade says developing exports and boosting the country’s trade balance through increasing non-oil exports is a top priority in his program.
Economy

Survey shows Iranians upbeat Pezeshkian administration able to tame inflation

IFP Media Wire -
A new poll found that a majority of Iranians are upbeat that the new Iranian President Masoud Pezeshkian and his administration can tame high levels of inflation in the country. The swearing-in ceremony for Pezeshkian was held at the Parliament on Tuesday.
Economy

Data: Iran’s non-oil exports rise 8.3 percent

IFP Editorial Staff -
Iran’s export of non-oil items has increased by $1.35 billion during the first four months of the current year on the Iranian calendar, staring on March 20, according to official figures.
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