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 parliament approves generalities of next year’s budget bill

IFP Editorial Staff -
The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.
Economy

Iran govt. berates MPs for “being irresponsible” toward national economy

IFP Editorial Staff -
An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.
Finance

Bagheri: South Korea obliged to release Iran’s assets

IFP Editorial Staff -
Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money
Economy

Raisi: Expanding Tehran-Yerevan economic cooperation will enhance regional security

IFP Editorial Staff -
Iranian President Ebrahim Raisi has stressed the importance of boosting trade and economic exchanges between the Islamic Republic and Armenia.
Economy

‘Tehran-Beijing partnership pact facilitated Iran SCO membership’

IFP Editorial Staff -
The head of the Iran-China Chamber of Commerce says the signing of the Tehran-Beijing cooperation document shows Iran has global trade partners.
Energy

Iran begins natural gas swap with Turkmenistan, Azerbaijan Republic

IFP Editorial Staff -
Iran’s Oil Ministry says the country has begun natural gas swap with Turkmenistan and the Azerbaijan Republic as part of a trilateral agreement recently signed between the three sides.
Economy

Figures show growth in Iran exports to Iraq via Mehran border

IFP Editorial Staff -
An Iranian official has announced the export of 207,000 tons of various agricultural products (summer crops) worth $63 million via the Mehran border crossing to Iraq.
Economy

Raisi: No plans to raise gasoline prices

IFP Editorial Staff -
Raisi: No plans to raise gasoline prices
Economy

Situation back to normal at Iran-Turkey border crossing

IFP Editorial Staff -
The spokesman for Iran’s Customs Organization says the situation has returned to normal at the Bazargan crossing on Iran’s border with Turkey.
Economy

Iran petrochemical exports expected to rise to $14bn by year end

IFP Editorial Staff -
Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.
Economy

Official: Iraqi debt to Iran stands at $5-7bn

IFP Editorial Staff -
An Iranian business official says that neighboring Iraq’s debt to Iran stands at between 5 to 7 billion dollars, and that there is no obstacle in Baghdad’s debt clearance process, despite certain claims to the contrary.
Economy

“40% rise in Iran’s non-oil exports this year”

IFP Editorial Staff -
The head of Iran’s Customs Organization says out of the total trade done in the first 9 months of this Persian year, 92.3 million tons worth $35.1 billion account for non-oil exports.
Economy

Iran MP: Fuel smuggled out in great volumes due to subsidies

IFP Editorial Staff -
An Iranian lawmaker says fuel is being smuggled out of the country in great volumes due to the subsidized prices inside Iran.
Economy

Iranian official denies claim Turkmenistan returned potatoes

IFP Editorial Staff -
Iran’s Agriculture Ministry denies a report that potato shipments from the Islamic Republic have been returned by Turkmenistan.
IFP Exclusive

Moscow: Value of Iran-Russia trade grew 87% in 2021

IFP Editorial Staff -
Moscow’s ambassador to Tehran says the value of trade between Iran and Russia reached 3.6 billion dollars in 2021, up by 87 percent compared to last year, in spite of the COVID-19 pandemic.
IFP Exclusive

Iranian president: Ill-wishers bent on scuttling ties with neighbors

IFP Editorial Staff -
Iran’s President Ebrahim Raisi has urged vigilance as “ill-wishers” are bent on torpedoing ties between the Islamic Republic and its neighbors.
Judiciary

Iran Supreme Court acquits former central bank governor

IFP Editorial Staff -
Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.
IFP Exclusive

Iran, Hungary ink MOU on economic cooperation

IFP Editorial Staff -
Iran and Hungary have signed a memorandum of understanding on bilateral economic cooperation.
Economy

Iran aiming for doubling trade with neighboring countries

IFP Editorial Staff -
Iran’s deputy foreign minister for economic diplomacy says the government is planning to double trade with neighboring countries.
Economy

Iran Speaker calls for removal, neutralization of sanctions

IFP Editorial Staff -
Iran's Parliament Speaker Mohammad Bagher Ghalibaf says the Islamic Republic should focus on removing and neutralizing Western sanctions.
Economy

Iran, India, Uzbekistan discuss facilitating product transit through Chabahar port

IFP Editorial Staff -
Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.
IFP Exclusive

Iranian company selected as top exporter of year

IFP Editorial Staff -
The National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.
IFP Exclusive

Iran knowledge-based ecosystem capable of making inroads in export markets

IFP Editorial Staff -
Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.
IFP Exclusive

Iranian, Turkmen presidents talk bilateral ties

IFP Editorial Staff -
The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.
Economy

“Govt. budget pushes economy to brink, raises pressure on people”

IFP Editorial Staff -
Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.
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