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

Iran’s trade rises 3-fold in Q1 of 2022: Customs

IFP Editorial Staff -
Iran’s Customs Administration says the country’s foreign trade registered a more than three-fold increase in the first quarter of 2022 year on year.
Economy

Iran-Oman trade sets new record high of roughly $1.34bn

IFP Editorial Staff -
The volume of trade between Iran and Oman has registered a record high of $1.336 billion for the year ending March, 2022.
Finance

Amir Abdollahian: Initial agreement reached to release frozen Iran assets

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.
Economy

Iran trade with neighbors grows to $52bn

IFP Editorial Staff -
The value of Iran’s trade with neighboring countries grew 43% percent last Iranian calendar year, compared to the previous one, which ended on March 20.
Economy

“$7bn in frozen Iranian assets to be released”

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.
Economy

Report: $7bn in Iranian frozen funds likely to be released

IFP Editorial Staff -
A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.
Economy

Domestically built refinery begins exporting different products

IFP Editorial Staff -
The head of Iran’s Qeshm Free zone has announced the loading of the first shipment of products from Behin Palayesh Qeshm Ultra-heavy Refinery this year amid US sanctions.
Economy

Iran, Russia sign deal for cooperation in exhibition industry

IFP Editorial Staff -
Iran and Russia have signed an agreement to expand bilateral cooperation in the exhibition industry, as the two countries work to promote commercial ties and investments.
Economy

Iran, Russia hold major trade conference

IFP Editorial Staff -
The Islamic Republic of Iran and the Russian Federation have held a major bilateral trade conference.
Finance

IRNA: Iran to receive $7bn in frozen funds

IFP Editorial Staff -
Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.
Finance

Report: More of Iran’s frozen assets to be released

IFP Editorial Staff -
Reports say Iran has managed to get a substantial amount of his frozen assets unlocked in a foreign country due to the US sanctoins.
Finance

Iran MP: No country has so far released frozen Tehran assets

IFP Editorial Staff -
A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.
Economy

Iran’s non-oil trade hits record high in years: Official

IFP Editorial Staff -
Iran’s non-oil trade hit a record high figure in the Iranian calendar month ending March 20, an Iranian customs official says.
Economy

Iranian delegation visiting Russia for expansion of trade ties

IFP Editorial Staff -
An Iranian trade delegation is visiting Russia with the aim of expanding exports and buying livestock inputs and oil seeds from the country.
Economy

Iranian president says economy not tied to JCPOA

IFP Editorial Staff -
Iran’s President Ebrahim Raisi says his administration has not tied the Iranian people’s lives to the 2015 nuclear deal, JCPOA.
Economy

“Iran’s foreign trade hit 162mn tons last year”

IFP Editorial Staff -
The head of Iran’s Customs Organization has said Iran’s non-oil trade with foreign countries hit a record of 162 million tons ($100 billion) in the Persian year 1400. Alireza Moghaddasi said the figure represented a 38 percent increase compared to the year 1399.
Energy

Iran plans a $200bn investment in oil industry

IFP Editorial Staff -
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.
Economy

Envoy says Iran, Russia to discuss banking cooperation

IFP Media Wire -
Iranian and Russian officials will hold a meeting on topics of banking and financial cooperation soon, Iranian Ambassador to Russia Kazem Jalali said.
Economy

‘Iranians awaiting good news from Vienna talks’

IFP Editorial Staff -
The head of Tehran’s Chamber of Commerce has said millions of Iranians are awaiting the final result of the Vienna talks.
Economy

Iran’s leader to officials: Do not tie economy to sanctions

IFP Editorial Staff -
The leader of Iran’s Islamic revolution has reiterated that the country’s economy must not be tied to the US sanctions.
Economy

Iran’s steel exports surpass 6.4 million tonnes in 11 months

IFP Editorial Staff -
Iran exported upwards of 6.4 million tonnes of steel and steel products in the eleven months to late February 2022, registering a 9%-rise year on year.
Economy

‘Clandestine finance system helped Iran withstand US sanctions crush’

IFP Media Wire -
Iran established a clandestine banking and finance system to handle tens of billions of dollars in annual trade banned under US-led sanctions, according to Western diplomats, intelligence officials and documents. 'It enabled Tehran to endure the economic siege، giving it leverage in multilateral nuclear negotiations'.
Economy

Armenian attaché invites Iranians to take part in his country’s tenders

IFP Editorial Staff -
Armenia’s economic attaché in Iran has invited Iranian businesspeople to participate in his country’s international tenders.
Economy

Iran exports to SCO members increases 41 percent

IFP Editorial Staff -
The spokesman for Iran’s Customs Organization says in the first 11 months of this Persian year, the country and the Shanghai Cooperation Organization traded over 48.9 million tons of goods worth more than 32.7 billion dollars.
Economy

Officials: Iran-Turkmenistan trade growing

IFP Editorial Staff -
The amount of commodities exported by rail to Turkmenistan via the border in the northeastern Iranian province of Khorasan Razavi has crossed 1.7 million tonnes since March, 2021.
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