Economy

Data: Iran faces longest sustained high inflation in modern history

Iran's economy has entered uncharted territory as official data confirms the country is experiencing its longest continuous period of high inflation, with prices rising over 30% annually for seven consecutive years, Donya-ye Eghtesad economic paper reported on Saturday.

President Pezeshkian says Iran welcomes foreign investors, international traders

Iranian President Masoud Pezeshkian has stated that Tehran welcomes foreign investors and international traders to participate in economic activities and investment opportunities in the country.

Iran launches 2 new digital platforms to strengthen fight against money laundering, terror financing

The Iranian Financial Intelligence Unit (FIU) has officially launched two major digital platforms — SAMAM and SABA — aimed at increasing transparency, strengthening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, and accelerating the analysis of suspicious financial transactions.

Iranian currency strengthens amid positive signals from indirect Iran-US nuclear talks

The Iranian currency market has experienced significant declines in exchange rates following indirect nuclear talks between Iran and the United States, described as "positive and constructive" by both parties.

Iran’s Parviz Khan Customs records $996 million in exports to Iraq

Parviz Khan Customs in Iran’s western Kermanshah Province reported a remarkable performance in 2023, achieving exports valued at $996 million and totaling 2.878 million tons of goods to Iraq.

Iranian vice president: Economist Tayebnia top candidate for vacant economy minister position

Iran's Executive Deputy President Jafar Ghaem-Panah has announced that former economy minister and senior economist, Ali Tayebnia, has been proposed as the main candidate for minister of economic affairs and finance.

New figures: Iran-Saudi trade sees astonishing 6,483% growth

Iran's non-oil trade with Saudi Arabia skyrocketed by an unprecedented 6,483% in the past 12 months, marking the most dramatic growth among all neighboring countries as the former rivals continue to mend relations, according to official customs data released Friday.

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.

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