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

‘Govt. coordinated currency, trade policies help Iran’s export value top $40bn’

IFP Editorial Staff -
The chief of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) expressed his satisfaction with the worth of exports, saying the coordination between the government’s currency and trade policies has effectively helped Iran’s exports touch more than $40 billion.
Economy

Iran’s East Azarbaijan to facilitate Turkish investments

IFP Editorial Staff -
The governor general of East Azarbaijan Province in northwestern Iran has pledged to facilitate the presence of Turkish investors in the province. Abedin Khorram made the remark in a meeting with Çetin Taner, the new consul general of Turkey in the provincial, Tabriz.
Economy

Official: Iran exports revenue to Iraq some $8bn

IFP Editorial Staff -
The head of Iran-Iraq Joint Chamber of Commerce said Iran’s exports to Iraq during the first eight months of the Iranian calendar year (starting March 21, 2021) have fetched the country around $8 billion.
Economy

Raisi: Iran, Russia to finalize comprehensive cooperation deal soon

IFP Editorial Staff -
President Ebrahim Raisi says Iran and Russia will soon finalize their 20-year cooperation agreement.
Energy

China discloses Iran oil imports amid US sanctions

IFP Media Wire -
Beijing has reported the first imports of Iranian crude oil in a year despite the ongoing sanctions by the United States, according to data released by China’s customs organization on Thursday.
Energy

Iranian min.: Tehran, Moscow to increase trade volume to $10bn

IFP Editorial Staff -
Iran’s Minister of Economic and Financial Affairs Ehsan Khandouzi has said the Islamic Republic and Russia are poised to increase their annual trade volume to 10 billion dollars.
Energy

Raisi Moscow visit to forge world’s largest gas reserve holders’ strategic bond

IFP Editorial Staff -
According to IRNA, Russia and Iran, as the world’s first- and second-largest holders of natural gas reserves, are keen to forge a strategic bond and develop their economic relations during the landmark visit of the Iranian president to Moscow.
Economy

Iran oil, economy ministers discuss ties with Russian counterparts

IFP Editorial Staff -
Iran’s oil and economy ministers held talks with their Russian counterparts in Moscow, exchanging views on bilateral relations.
Economy

Envoy: Iran exclusive exhibition in Tajikistan a desirable opportunity to boost trade ties

IFP Editorial Staff -
The Iranian ambassador to Tajikistan said his country’s sixth exclusive exhibition in Tajikistan would be a desirable opportunity for the economic development.
Economy

Iran’s plan to eliminate 4,200-toman currency met with mixed reactions

IFP Editorial Staff -
The decision to eliminate the government currency has garnered mixed reactions in Iran.
Economy

Iran joins countries exporting energy services to Europe

IFP Editorial Staff -
Iran joined the countries exporting energy services to Europe for the first time by signing a memorandum of understanding (MoU) with Romania.
Transportation

Ministry: Iran’s rail transit highest in 10 years

IFP Editorial Staff -
The Iranian Roads and Urban Development’s report on nine-month rail transit indicates that the sector has recorded the highest increase over the past 10 years.
Economy

Central Bank Chief: Iran inflation down 17%, economic growth likely 8%

IFP Editorial Staff -
The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,
Economy

Iranian delegation to visit Iraq to boost trade ties

IFP Editorial Staff -
A delegation of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is scheduled to head to Iraq Sunday.
Economy

Iran minister: Economic deals with China to be finalized soon

IFP Editorial Staff -
Iranian Finance and Economic Affairs Minister Ehsan Khandouzi on Saturday announced that the country’s economic contracts with China will be finalized soon.
Energy

Oil minister promises good news on Iran-Russia energy cooperation

IFP Editorial Staff -
Iranian Oil Minister Javad Owji on Saturday said Tehran and Moscow have held talks on bilateral cooperation in different areas of the economic sector, promising good news on the two countries’ cooperation in the energy sector.
IFP Exclusive

Official: Smuggled Iran fuel fetches UAE over $20bn annually

IFP Editorial Staff -
An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.
Economy

‘Iran, Syria discussed activating strategic economic cooperation deal’

IFP Editorial Staff -
The Syrian economy minister says he recently exchanged views with Iran’s minister of roads and urban development on ways to operationalize the long-term strategic economic cooperation deal inked in 2019.
Economy

Iran’s annual non-oil exports expected to touch $46bn

Fatemeh Askarieh -
The Islamic Republic of Iran Customs Administration (IRICA) predicted the country’s annual non-oil exports would amount to $46 billion in about two months.
Energy

Iran opens first extra heavy crude oil refinery on key Qeshm Island

IFP Editorial Staff -
Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.
IFP Exclusive

Ali-Asgari dismisses resignation from Persian Gulf holding as ‘fake’

IFP Editorial Staff -
Despite widespread criticism, Abdolali Ali-Asgari has denied media reports on his resignation as the managing director of a giant Iranian petrochemical company.
Economy

Minister: Iran, Syria to establish joint free zone

IFP Editorial Staff -
Iran’s roads and urban development minister on Thursday said Tehran and Damascus reached an agreement to establish a joint free zone.
Economy

Iran’s nine-month trade with neighbors tops $36.8bn, up 42%

Fatemeh Askarieh -
Iran’s trade with its 15 neighboring states in the first nine months of the Iranian calendar year (starting March 21, 2021) witnessed a 42 percent growth in terms of value in comparison with the figure of its corresponding period in the previous year, said the head of the Islamic Republic of Iran Customs Administration (IRICA) on Thursday.
Economy

Iran’s nine-month exports to Syria up 90%

IFP Editorial Staff -
The head of Iran-Syria Joint Chamber of Commerce on Wednesday announced a 90 percent growth in Iran’s exports to Syria during the nine months to December 2021.
Economy

China’s Iran oil imports hit record high despite US bans

IFP Media Wire -
China's imports of crude oil from Iran last year hit a record high since the US re-imposed sanctions on Tehran in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reported.
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