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, Qatar sign 14 agreements during Raisi’s visit

IFP Editorial Staff -
Iran and Qatar have signed 14 agreements during Iranian President Ebrahim Raisi’s visit to Doha.
Economy

Japan envoy: Hormozgan “attractive” for Japanese investors

IFP Editorial Staff -
Japan’s ambassador to Iran says investment in the solar energy, petrochemical and iron industries in the southern Iranian province of Hormozgan is “very attractive” for Japanese companies.
Economy

Uzbekistan to increase trade with Iran to $1bn

IFP Editorial Staff -
Uzbekistan’s deputy prime minister says the country is planning to increase trade with Iran to $1 billion over the next two years.
Energy

OPEC+ wants Iran to join supply deal if sanctions lifted

IFP Media Wire -
OPEC+ will work to integrate Tehran into its oil supply-limiting accord if an agreement is made in the Vienna talks over reviving the Iran nuclear deal, sources close to the group says.
Finance

Iranian Central Bank confirms talks with South Korea over frozen assets

Fatemeh Askarieh -
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Economy

Iranian daily: Officials paying lip service to improving economy

IFP Editorial Staff -
Iranian daily Jomhouri Eslami - Islamic Republic – has strongly criticized the government’s handling of the economic situation in the country, saying the pressure people are facing to provide for their livelihoods “has broken their backs”.
Foreign Policy

Iranian officials visit Seoul, demand S Korea to unlock frozen assets

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Saeed Khatibzadeh says an expert delegation from the Islamic Republic of Iran consisting of banking and oil experts held talks in Seoul with South Korean officials and companies over ways of resuming exports of Iranian oil and gas condensate to the Southeast Asian country.
Economy

Iranian exports to Iraq increase 15% compared to last year

IFP Editorial Staff -
A member of the board of directors of the Iran-Iraq Joint Chamber has said in the first 10 months of this year, $7.280 billion worth of goods were exported to Iraq.
Economy

Report: South Korea plans to resume oil imports from Iran

IFP Editorial Staff -
A South Korean media report says the country plans to resume oil imports from Iran after a three-year pause.
Economy

Baku invites Iranian firms to take part in Karabakh reconstruction

IFP Editorial Staff -
The Azerbaijan Republic says Baku is ready for the participation of Iranian companies in the reconstruction of liberated areas of Nagorno-Karabakh.
Economy

Tehran ‘most unsafe’ Iranian province for investment: Study

IFP Editorial Staff -
A study finds that Tehran was the “most unsafe” province in Iran for investment in the past spring, whereas West Azarbaijan Province in the northeast has been classified as the best spot for that purpose.
Energy

Companies tracking oil sales confirm surge in Iranian crude exports

IFP Editorial Staff -
Three international companies that track oil sales in the world have confirmed a huge increase in Iranian crude exports despite US sanctions.
Economy

Donyaye Eghtesad: Second benefit of car imports

IFP Editorial Staff -
If Iran lifts a car import ban and foreign products worth $500 million are allowed to be imported with a tariff rate of 86%, the government will make 98,000 billion rials in revenue.
Economy

Iran’s service sector inflation rate hits record high

IFP Editorial Staff -
Iran’s service inflation rate reportedly hit a record high in the autumn of 2021.
Economy

Iran parliament sounds alarm over key economic indicators

IFP Editorial Staff -
A report by the Iranian parliament’s center for research show capital inventory will be in the negative zone this Iranian calendar year to March 2022 for the third consecutive year.
Finance

15th Iran Plast exhibit opens in Tehran

IFP Editorial Staff -
The 15th Iran Plast exhibition, the largest specialized expo on polymers in the Middle East, has opened in the Iranian capital Tehran in a ceremony with the presence of Oil Minister Javad Owji.
Economy

Raisi’s visit to Moscow to enhance Iran-Russia business ties: Official

IFP Editorial Staff -
An Iranian official says the recent visit by President Ebrahim Raisi to Moscow will entail the facilitation of business ties between Iran and Russia.
Economy

Iran interior minister calls for development of border markets with Pakistan

IFP Editorial Staff -
Iran’s Interior Minister Ahmad Vahidi says necessary capacities exist to strengthen cooperation, especially economic exchanges between Iran and Pakistan.
Economy

Iran-China trade hits $14.8bn in 2021

IFP Editorial Staff -
Trade between Iran and China, in 2021, hovered around $ 14.8 billion, of which $6.5 billion accounted for the latter’s imports from its trade partner.
Economy

Turkey’s inflation soars to two-decade high

IFP Editorial Staff -
The annual inflation rate in Turkey has surged to a 20-year high of 48.7%, state data revealed on Thursday.
IFP Exclusive

TPO: Iran to use its funds in Iraq to import products

IFP Editorial Staff -
The Trade Promotion Organization (TPO) said Iran can now use its funds in Iraq to import commodities.
Economy

IRICA: Iran’s 10-month exports up 38%

IFP Editorial Staff -
The head of the Islamic Republic of Iran Customs Office (IRICA) says the country’s exports in 10 months have witnessed a 38 percent increase, compared to that of its preceding year.
Economy

Uzbekistan finalizes Chabahar Agreement accession

IFP Editorial Staff -
Uzbekistan has finalized its accession to the International Transport and Transit Corridor also known as the Chabahar Agreement.
Economy

Deputy minister: Iran’s non-oil exports expected to hit $45bn

IFP Editorial Staff -
Iran’s deputy minister of industry, mine and trade predicted that the country’s annual non-oil exports would hit $45 billion.
Economy

Iran, Pakistan to do trade by barter soon

IFP Editorial Staff -
Iran and Pakistan will resort to barter soon, said a member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
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