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.
Iran’s trade with neighbors hits $20bn mark
Iran’s trade with its neighboring countries has reached 20 billion dollars, showing a 6-percent increase in the past 4 months.
Iran says has defused Western sanctions on gas condensates exports
Iran’s oil minister says the country has rendered the US-led Western sanctions on gas condensates exports completely ineffective.
China ambassador to Tehran says Chinese firms willing to invest in Iran
China's ambassador to the Islamic Republic of Iran says that Chinese companies are willing to invest in various projects in Iran and to that end, seek a stable environment for investment.
Official: Joint Iran-Saudi economic commission to be held soon
Iran’s deputy foreign minister for economic diplomacy says Saudi Arabia is keen on boosting economic cooperation with Iran, adding a joint commission will be held within three months.
Inauguration of Iran-China freight train
The Iran-China dual-load freight train was officially inaugurated at the Aprin Rail Dry Port near Tehran.
Official: De-dollarization, Rial’s immunity from sanctions in Iran-Russia monetary agreement
The Deputy for International Affairs at the Central Bank of Iran (CBI) detailed the monetary agreement between Iran and Russia aimed at achieving de-dollarization, stating that this move pushes the Iranian Rial towards being unsanctionable.
Official: Iranians can withdraw money from Russian ATMs with bank cards
Iran’s Central Bank governor says from late August, Iranians can withdraw money from Russian ATMs with Iranian bank cards.
Iran’s currency strengthens after Pezeshkian wins presidential election
Iran’s national currency, the rial, is still in the doldrums having lost considerable value since last year – but it regained some lost ground at market open on Saturday. It comes after Reformist candidate Masoud Pezeshkian won Iran's presidential election, securing 53.3% of the votes and defeating his principlist rival Saeed Jalili
Iran’s Central Bank chief proposes FATF-like institution for BRICS
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.
“Next Iran president should seek experts’ opinions on FATF”
In a recent statement, Ali Akbar Salehi, Iran's former Head of the Atomic Energy Organization, emphasized that whoever assumes the Iranian presidency will certainly have to seek the advice of experts on Iran's decision to join the Financial Action Task Force (FATF).
President Raisi: Deep bond between Iran, Azerbaijan unbreakable
Iranian President Ebrahim Raisi says the deep historical, cultural and religious relations between Iran and the neighboring Republic of Azerbaijan are unbreakable.
Iran, Azerbaijan inaugurate Qiz Qalasi dam on Aras River
The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.
Minister: Iranian knowledge-based companies’ exports surpassed $2.5bn dollars last year
Iran’s minister of finance and economy says the exports by the country’s knowledge-based firms hit the $2.5bn mark last year on the Iranian calendar that ended on March 20, 2024.
Iran, China can increase bilateral trade to above $50bn annually
The head of Iran's Chamber of Commerce says the trade volume between Iran and China is currently 30 billion dollars but the two countries have the potential to increase the figure to 50 billion dollars per year.
Reoort: Raisi’s administration sets inflation record
Iran’s Ham-Mihan newspaper says the country has experienced its highest inflation in 80 years during the administration of President Ebrahim Raisi’s tenure.
Former Iranian official detained on corruption charges
The former deputy of the Arvnad Free Zone in southern Iran has been reportedly detained in on corruption charges.
Official: Iran has become regional economic, industrial hub
Iran’s Minister of Industries, Mines and Commerce Abbas Aliabadi says Iran has turned into a regional trade and industrial hub despite the Western sanctions.
President Raisi: Iran cannot be sanctioned
Iranian President Ebrahim Raisi says Western efforts to isolate Iran have failed as the country has resorted to its natural wealth and human resources to make the punitive measures fizzle out.
Tehran, Islamabad open new chapter in relations with $10bn trade exchange deal goal
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.
Iran oil exports hit 6-year high amid US sanctions: Report
Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.
Iran extends gas export contract with Iraq
Iran has renewed a contract with Iraq to export gas to its western neighbor for five more years.
Iran says beats sanctions, economic growth exceeds 6 percent
The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.
Envoy: Taliban invest $35mn in Iran’s Chabahar
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.
IMF revises up economic growth projection for Iran in 2023
The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.
Russian economic delegation heading for Tehran: Iran ambassador
Iran’s ambassador to Moscow says a major Russian economic delegation is heading to Iran.