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.

Economy

Daily critical of soaring prices of goods in Iran

IFP Editorial Staff -
An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.
Economy

Report: Iran registers highest monthly inflation figure since 1979

IFP Editorial Staff -
Iran’s monthly inflation has hit a four-decade record high of 12.2 percent over the Persian calendar month of Khordad – May 22 to June 21.
Economy

Iran’s foreign trade hits $25.5bn in the first quarter

IFP Editorial Staff -
Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.
Economy

Iranians remain among top purchasers of home in Turkey

IFP Editorial Staff -
Latest figures from Turkey’s Statistics Office show Iranians remain among the top purchasers of residential buildings in the country.
Economy

‘Value of Iran-Turkey trade rose by 38% in 1st four months of 2022’

IFP Editorial Staff -
Official data show the value of trade between Iran and Turkey increased by 38 percent to $2.1 billion in the first four months of 2022, up from $1.5 billion during the same period a year earlier.
Economy

Iran, Turkmenistan agree to establish a joint trade center

IFP Media Wire -
Iran and Turkmenistan have agreed to establish a joint Trade center aimed at facilitating economic ties between the two neighboring countries.
Economy

Paper: Iran on verge of importing gasoline

IFP Editorial Staff -
The current trend of fuel consumption in Iran will leave the government with no choice but to import gasoline to meet domestic needs, an Iranian newspaper says.
Economy

Iranian official says visas to be probably lifted for Russian businessmen

IFP Editorial Staff -
The Iranian foreign ministry’s deputy for economic diplomacy has described relations with Russia as strategic calling for a focus on energy, trade and transit sectors to build on a surge in ties which he says saw a jump over the past months.
Economy

Business owners in Tehran, Arak rally against tax rise plan

IFP Editorial Staff -
A group of home appliance shop owners hold a protest in downtown Tehran against a plan by the Iranian Ministry of Finance to levy tax on their banking transactions.
Economy

Iranian economists warn about consequences of government policies

IFP Editorial Staff -
Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.
Economy

Iran police arrest principals driving illegal futures forex, gold trades

IFP Editorial Staff -
Iran’s police say they have arrested 31 principals pulling the string of futures foreign currency and gold trade, as the Iranian rial’s exchange rate against the US dollar hits historical lows, driving a gold price surge.
Economy

Iran delivers another oil tanker to Venezuela

IFP Editorial Staff -
Iran has delivered another oil tanker to Venezuela during a ceremony in which the presidents of the two countries participated from Tehran via video conference. The delivery ceremony was held in the Persian Gulf.
Economy

Tehran says Iran-Nigeria trade up by 300%

IFP Media Wire -
Iranian Trade Minister says the value of bilateral trade between Iran and Nigeria has witnessed a 300% growth over the last 9 months of the past Persian Calendar year (ended on March 20).
Economy

Iran sees leap in foreign trade amid US sanctions

IFP Media Wire -
Iran foresees a leap in its foreign trade this year without worrying about the effects of the US sanctions which have been a drag...
Economy

Iran, Qatar ink MoU to form joint trade council

IFP Media Wire -
Iran and Qatar signed a memorandum of understanding to form a joint trade council which held its first session in Doha on Monday.
Economy

Ministry: Iran selling over one million barrels of oil a day

IFP Editorial Staff -
Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.
Economy

Iran, Afghanistan seek to boost trade ties

IFP Editorial Staff -
An Iranian delegation has traveled to Afghanistan’s eastern Khost Province for talks with Afghan officials to step up trade ties between the two neighboring countries.
Local

Daily to Raisi administration: Prove that you’re efficient

IFP Editorial Staff -
An Iranian daily has taken a swipe at the administration of President Ebrahim Raisi for failing to tackle the spiraling food prices.
Economy

Iran, Russia discuss fight against money-laundering

IFP Media Wire -
Tehran and Moscow have discussed ways of tackling money laundering amid joint efforts between the two countries to minimize the impacts of foreign sanctions on their banking and financial sectors.
Economy

Iran’s non-oil exports rise by 30 percent despite bans

IFP Editorial Staff -
Figures released by Iran’s customs organization show that non-oil exports by the country leaped by 30 percent in the first two months of the Persian year of 1401.
Economy

China reports 25% growth in imports from Iran in early months of 2022

IFP Editorial Staff -
China says its imports from Iran rose by 25 percent in the first four months of 2022, compared to the similar period last year, as the two strategic partners speed up economic cooperation.
Economy

Iran rejects Taliban claim on low-quality gasoline exports

IFP Editorial Staff -
Iran’s Customs Administration has rejected Taliban’s claim that they returned 12 fuel tankers containing low-quality gasoline to Iran.
Economy

Iran says ready to boost trade with Black Sea region

IFP Editorial Staff -
Iranian Foreign Minister Hossein Amir Abdollahian has expressed hope for the expansion of trade between Iran and the Black Sea region.
Economy

‘Value of Iran-Tajikistan trade increased by 463% last year’

IFP Editorial Staff -
An Iranian official says the value of trade with Tajikistan witnessed a 463-percent rise in the past Persian calendar year, expressing hope for a further boost to economic cooperation between the two nations that have many commonalities in different spheres.
Economy

Iranian official: 60%+ rise in oil revenues in first two months of this year

IFP Editorial Staff -
A spokesman for the Iranian oil ministry says oil revenues earned by the country have increased by more than 60% in April and May compared to the same period last year.
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