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 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.
Energy

Iran’s collection of oil and gas revenues increases 2.5 times

IFP Editorial Staff -
Iran’s oil minister has said in the current Persian year, the collection of revenues from selling oil and condensate, petroleum products, petrochemical products and net exported gas increased 2.5 times while as for gas, this figure has reached 3.5 to 4 times.
Economy

Historic growth in Iran’s foreign trade

IFP Editorial Staff -
Official figures show Iran's foreign trade increased by 50% in January and February of this year.
Economy

Iraq’s Soleimanieh governor invites Iranians to invest in regional projects

IFP Editorial Staff -
The governor of Iraq’s Soleimanieh province has invited Iranian investors to participate in 264 projects in the autonomous region in northernIraq.
Economy

“Iran’s exports to Iraq to reach over $9 billion by year’s end”

IFP Editorial Staff -
The chairman of the Iran-Iraq Joint Chamber of Commerce says in the first 11 months of this Persian year, the value of Iran's exports to Iraq reached $8.2 billion, and exports to the country are expected to exceed $9 billion by the end of the year.
Energy

Iran storing fuel for future export as energy crisis looms over Europe: Official

IFP Editorial Staff -
Iran is storing fuel for future export ahead of expected hikes in energy prices as a result of the Russia-Ukraine conflict, an Iranian official says.
Economy

Iranian Parliament votes to eliminate subsidized exchange rate: Report

IFP Editorial Staff -
Iranian lawmakers have voted to eliminate the official subsidized exchange rate of 42,000 rials to one US dollar, a report says.
Views

Analyst: Sanctions on Russia cannot be maintained

IFP Editorial Staff -
An Iranian economic analyst says western governments cannot maintain their sanctions against Russia as Europe is the destination for 55 percent of Russian exports and keeping the bans in place will lead to a surge in inflation and recession and ultimately social discontent in the continent.
Economy

Iran, Armenia agree to reduce transit duty

IFP Editorial Staff -
Iran and Armenia have agreed to reduce transit duty and jointly manufacture medicines and home appliances.
Economy

Iran says non-oil exports show 40% increase this year

IFP Editorial Staff -
Iranian Minister of Industry, Mines and Trade Seyyed Reza Fatemi Amin says Iran has exported 80 billion dollars of non-oil goods during the last eleven months.
Economy

‘Iran can secure good share of Russian market’

IFP Editorial Staff -
The deputy chairman of the Non-Oil Export Commission of the Iranian Chamber of Commerce says Russia will facilitate exports from Iran due to the war in Ukraine and Western sanctions.
Economy

Iranian minister calls for strengthening of economic ties with Armenia

IFP Editorial Staff -
The Iranian minister of industry, mines and trade has said Iran and Armenia have cooperated a lot politically and culturally, but unfortunately their economic relations are far behind political and cultural ties between the two countries.
Economy

Iran’s exports to Iraq crosses $8.2 billion

IFP Editorial Staff -
An Iranian customs spokesman says in the first 11 months of this year, more than 28 million tons of goods worth over 8.2 billion dollars were exported from Iran to Iraq, which translates to a 17% increase in weight and a 20% increase in value compared to the same period last year.
Economy

“Iranian govt. will not squander this opportunity to expand trade with Russia“

IFP Editorial Staff -
The head of Iran’s Trade Promotion Organization says the Raisi administration will not squander an opportunity to expand trade ties with Russia.
Economy

Non-oil exports of Iran crosses $45 billion

IFP Editorial Staff -
Of Iran's more than $45 billion worth of non-oil exports, $43 billion are goods and over $2 billion are technical and engineering services.
Economy

“Boost in ties with Qatar can link Iran to intl. markets”

IFP Editorial Staff -
A senior member of the Iranian Chamber of Commerce says expansion of ties with Qatar can link Iran with international markets and increase trade.
Economy

Iran to attend Iraq’s intl. investment exhibit in late March, 2022

IFP Editorial Staff -
Iran is to hold an international investment exhibition in the Iraqi capital Baghdad aimed at promoting trade ties between the two countries.
Energy

Iranian oil exports have increased 40 percent despite sanctions

IFP Editorial Staff -
Iran’s minister of economic and financial affairs says the country’s oil exports have increased 40 percent compared to the time when President Ebrahim Raisi took office.
Economy

Pakistan OKs legal mechanism to facilitate barter trade with Iran

IFP Editorial Staff -
Pakistan’s economic authorities have approved a legal mechanism designed to facilitate barter trade with Iran in new step in the direction of expanding commercial ties between the two neighbors.
Economy

Iran minister calls for development of border markets with Pakistan

IFP Editorial Staff -
Iran’s Interior Minister Ahmad Vahidi has said improving conditions in Mirjaveh border market of Sistan and Baluchestan on the border with Pakistan, must be on the agenda of provincial officials.
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