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

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.
Economy

Iranian companies to enter German market

IFP Editorial Staff -
Iran’s Trade Promotion Organization says Iranian businesspeople have held talks with 75 Germany companies to expand economic ties between the two countries. The organization said the negotiations resulted in the signing of a number of agreements.
Economy

Iran, Russia to increase trade volume to 40 billion dollars

IFP Editorial Staff -
Iran’s Oil Minister says annual trade exchanges between the country and Russia will increase 10-fold from the current 4 billion dollars.
Economy

“Value of Iran Exports to Oman can be doubled in years”

IFP Media Wire -
Forecasts suggest that the value of exports from the Islamic Republic of Iran to the Kingdom of Oman can be at least doubled and at most increased five-fold within 5 years. It is estimated that Iran can raise the value of direct and indirect imports from Oman to $1 billion during that time.
Economy

Iranian government authorizes private sector to import wheat

IFP Editorial Staff -
The Iranian government’s economic coordination headquarters has issued necessary licenses to facilitate imports of basic goods, particularly wheat, by the private sector.
Economy

Iran says ready to supply Russian auto makers with components

IFP Media Wire -
Iran’s Minister of Industry, Trade, and Mine says Iranian manufacturers are ready to supply the Russian auto companies with car components.
Economy

Iran, Russia eye further expansion of trade, energy ties

IFP Editorial Staff -
Russian deputy prime minister says trade between Tehran and Moscow boosted by 81 percent last year and added the two sides need to further increase their ties to withstand the geopolitical changes.
Economy

Iran, Oman sign MoU on extension of bilateral trade cooperation

IFP Media Wire -
Iranian Trade Minister Seyed Reza Fatemi Amin and his Omani counterpart Qais bin Mohammed Al Yousef have signed an agreement in Muscat on Monday.
Economy

Iran, Kazakhstan mull improving economic relations

IFP Media Wire -
Iran’s Minister of Industry, Mine and Trade Seyed Reza Fatemi-Amin, in a meeting with Deputy Prime Minister and Minister of Trade and Integration of Kazakhstan, Bakhyt Sultanov, described joint ventures as a strategic way to deepen economic relations between the two countries.
Economy

Iran FM calls for increase in trade ties with Bulgaria

IFP Editorial Staff -
The Iranian foreign minister has called for the increase in trade ties between the Islamic republic and Bulgaria. Hossein Amir Abdollahian, raised the issue in a meeting with Ms. Velislava Petrova, Bulgaria’s Deputy Foreign Minister in Tehran on Sunday.
Economy

Govt. rejects reports on fuel prices rise

IFP Editorial Staff -
Iran’s government spokesman has dismissed reports that the president is considering a rise in gasoline prices, after Ebrahim Raisi’s comments on “difficult economic decisions” triggered panic about further economic woes, amid raging inflation.
Economy

Iran’s president unveils 82 projects

IFP Editorial Staff -
Iranian President Ebrahim Raisi has unveiled 82 industrial, construction and agricultural projects in Iran’s free and special trade zones via video conference.
Economy

Iran blocks over 9,000 bank accounts with illegal foreign currency transactions

IFP Editorial Staff -
Iran’s Intelligence Ministry says it has recently blocked more than 9,000 bank accounts suspected of involvement in unlawful transactions of foreign currency and cryptocurrency.
Economy

CBI chief reports rise in Iran’s foreign currency revenues

IFP Editorial Staff -
The governor of the Central Bank of Iran (CBI) says the country has witnessed a rise in its foreign currency income over the past months and has thus no problem with allocating foreign currency to the provision of essential goods.
Economy

Qatari emir’s visit to Iran to herald better future for economic ties: Official

IFP Editorial Staff -
An Iranian official says Qatari Emir Tamim bin Hamad Al Thani’s upcoming visit to Iran will be the start of better economic relations between Tehran and Doha.
Economy

French envoy says trade between Iran, Europe standing at $6.5 billion

IFP Editorial Staff -
The French ambassador to Tehran says volume of trade between the European Union and Iran reached 5 billion euros last year. Philippe Thiebaud said this figure is considerable.
Economy

Prices of some essential items soaring in Iran as govt. eliminates flour subsidy

IFP Editorial Staff -
Iranians have, in recent days, witnessed a steep hike in prices of essential items, mainly wheat-based food, in the aftermath of a government decision to eliminate the subsidy for industrial use of flour.
Economy

Official: Goods smuggling surged 20-fold this year

IFP Editorial Staff -
A senior official at Iran’s Ministry of Agricultural Jihad says goods smuggling has surged 20-fold this year compared to the previous year.
Economy

Official: Iran-Syria trade grew 60% last year

IFP Editorial Staff -
The chair of the Iran-Syria joint chamber of commerce says mutual trade surged by 60 percent in the year to march 2022.
Economy

Iran’s trade with SCO member states grew 33% last year: Official

IFP Editorial Staff -
Iran’s bilateral trade with the member states of the Shanghai Cooperation Organization (SCO) grew 33 percent in the last Persian-calendar year (ended March 20), the Islamic Republic of Iran Customs Administration says.
Economy

Iran’s economic growth rate was 5.8% last fall: Central Bank

IFP Editorial Staff -
Iran’s Central Bank has released the economic indices for the third quarter of the last Persian-calendar year (ended March 20).
Finance

‘Iraq to begin repaying energy debts to Iran in days’

IFP Editorial Staff -
The head of the Iran-Iraq Joint Chamber of Commerce says Baghdad will, in the coming days, resume the process of settling the debts owed to Tehran for its energy purchases, as part of an agreement newly reached between the two neighbors.
Economy

Iran registered positive balance of trade last month: Customs official

IFP Editorial Staff -
An Iranian customs official says the Islamic Republic registered a positive balance of trade in the first month of the Persian calendar year (ended April 20).
Economy

Iran, Azerbaijan stress joint economic projects in Azeri liberated areas

IFP Editorial Staff -
An Iranian official says Tehran and Baku have stressed implementing joint economic projects in the recently liberated areas of the republic of Azerbaijan.
Economy

Private sector official urges government help to boost trade with Turkey

IFP Editorial Staff -
Chairman of the Joint Chamber of Commerce of Iran and Turkey has called for a “positive” attitude of the government to trade with neighboring countries, saying this can remove political problems and trade barriers and will help expansion of economic ties.
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