Economy

Iran-Afghanistan trade via Dogharoun border exceeds $3 billion annually

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.

Iran’s exports to Americas surge 4.5-fold; free trade with Venezuela nears finalization

A senior official from the Trade Promotion Organization of Iran announced a significant increase in Iran’s exports to the Americas, alongside progress in establishing free trade agreements with Venezuela and other countries.

Iran’s 20-Year Vision Plan: A review of unmet goals as 1404 horizon arrives

As Iran reaches the end of its 20-Year Vision Plan (2005-2025), a critical assessment reveals that many of the ambitious goals set in 2004 remain unfulfilled.

Iran’s former Central Bank officials cleared of currency manipulation charges

Iran’s judiciary has issued a halt to the prosecution of former governor of the Central Bank of Iran (CBI), Valiollah Seif, and former deputy governor for foreign exchange, Ahmad Araghchi, in a high-profile corruption case involving currency market manipulation.

Iran’s foreign trade reaches $117bn despite sanctions

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.

Iran sets recordbeaking non-oil trade milestone

The Iranian Ministry of Industry, Mine, and Trade announced that, according to customs statistics, Iran's non-oil trade reached over $117 billion in the first eleven months of the current Iranian year (March 20 to February 18), marking the highest level of non-oil exports in the past two years.

Iran’s non-oil exports surge 19% y/y in Apr-Feb: IRICA

Iranian Customs Office (IRICA) figures have shown that Tehran’s non-oil exports rose by nearly a fifth in the 11 months to late February.

Iranian, Saudi economy ministers discuss bilateral ties

Iran’s economy minister and his Saudi counterpart have discussed economic relations between Tehran and Riyadh on the sidelines of a high-level annual conference on emerging markets.

Iran reports significant increase in trade with neighbors

Iran’s trade with its neighboring countries rose substantially in the 10 months to late January compared to the same period last year.

Iran’s non-oil exports surge by 18% compared to 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.

Minister of Economy: Iran’s non-oil exports hit $47.8 bn

Iran's non-oil exports have shown a significant increase, reaching $47.8 billion over the first ten months of the current fiscal year. That’s According to Iran’s Minister of Economy Abdolnasser Hemmati.

Iran finance minister says Tehran prepared for any scenario under Trump

Iran’s Minister of Economic Affairs and Finance has stated that Tehran is not afraid of a potential new round of “maximum pressure” under US President Donald Trump, stressing plans are in place to cope with any eventualities.

IMF says Iran’s economy will continue to grow in 2025

The International Monetary Fund (IMF) has assessed that Iran’s economy will continue to grow in 2025.

Iranian FM: Strategic partnership with Russia primarily economic

Iranian Foreign Minister Seyed Abbas Araghchi has announced that the comprehensive strategic partnership signed on Friday between Iran and Russia is primarily economic in nature.

Iran Central Bank ex-deputy governor: Even China closed Iran’s bank accounts due to non-compliance with FATF

A former deputy governor of the Central Bank of Iran has pointed out that China closed Iran's bank accounts due to Tehran's non-compliance with the Financial Action Task Force (FATF).

Iran, Tajikistan sing 23 MoUs to bolster ties

Iran's President Masoud Pezeshkian and his Tajik counterpart, Emomali Rahmon, have expressed hope for the reinforcement of relations between the two countries, as they oversee the inking of almost two dozen memoranda of understanding (MoUs).

Iran’s trade with Eurasian Union reaches $2.7bn in past 9 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 expects major boom in trade ties with EAEU members

Iran expects a major boom in trade ties with member states of the Eurasian Economic Union (EAEU) after Tehran gained observer status in the bloc and just months before the two sides enter into a free trade agreement.

Economy minister says Iran’s rise in new world order promotes active role in global affairs

Iran’s minister of economic affairs and finance has stated that the increase in Tehran’s power in the new world order has enabled the country to play an active role in areas such as combating climate change, technology transfer and joint investments.

Iran’s Central Bank says to launch digital Rial in near future

Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.

Iran’s economy minister to visit Saudi Arabia for annual investment meeting

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.

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

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

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. 

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

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.

Iran, Russia payment networks connected

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.

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