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Iran Economy News

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

‘Exporting Knowledge-Based Products Very Profitable after Rial Devaluation’

Iran’s Vice-President for Science and Technology says the devaluation of Iran’s national currency against the US dollar has made it quite profitable to export goods produced by Iranian knowledge-based firms.
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Iran, Turkey to Establish INSTEX-Like Mechanism: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says Iran and Turkey have agreed to establish a new financial mechanism in a number of areas similar to that of Europe's long-awaited financial initiative known as the Instrument in Support of Trade Exchange (INSTEX).

Syria to Give Priority to Iranian Firms in Reconstruction Era: PM

Syrian Prime Minister Imad Khamis says his country’s top priority in the reconstruction era is Iranian companies working in various areas.

Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.

Red Willow Production Cuts Unemployment in Iranian Village

A small village named Bezijan, located near the city of Arak in Iran’s Markazi Province, has come under the spotlight for its success in ending unemployment using red willow.

Iran Leader Names 1398 ‘Year of Boosting Production’

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says “boosting domestic production” is the pivotal issue of the Persian New Year.

Why Dedicated Translation Service and Not Machine Translation Is Key to Business Growth

Popular search engines use machine translation to translate one language to another in seconds. But the problem with machine translation is it merely substitutes the words without really understanding the meaning behind them.

Iran’s Exports Hit $70bn despite Sanctions: Customs Chief

Head of Iran’s Customs Administration says despite the cruel sanctions imposed by the US, the Islamic Republic’s oil and non-oil exports have reached $70 billion.

Iran Says to Launch Mechanism Proportionate to INSTEX

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.

Women Entrepreneurs Shining in Iran despite Sanctions

The “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.

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