Economy

Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.

Three Sentenced to Death for Economic Corruption: Iran’s Judiciary

Iran's judicial officials have handed down death sentences to three people convicted of economic corruption amid an intense anti-corruption campaign launched by the Iranian government to tackle soaring economic problems currently nagging the country.

Most Popular Side Businesses Run by Iranian Celebrities

Either for gaining more income or just for the sake of personal interest, celebrities in Iran – from football players to actors – nowadays have second jobs in various economic fields.

Iran, India Discuss Ways to Expand Economic Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed ways to expand mutual economic ties between the two sides in a Wednesday meeting in New York.
Parliament

Iran Parliament Passes FATF Bills; Expediency Council to Make Final Call

Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.

China Vows to Continue Normal Business Ties with Iran

Chinese Foreign Minister Wang Yi says his country will continue its normal economic cooperation with the Islamic Republic of Iran despite the US’ sanctions on Tehran.
FATF

Foreign Ministry Explains Why Iran Needs to Adopt FATF Standards

The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).

Iran Saves $540m by Decreasing Sugar Imports

An official at Iran’s agriculture ministry says the production of sugar in the country has been increased, and the Islamic Republic has managed to save $540 million this year by decreasing sugar imports.

Iran’s Economy Grows 1.9% in April-June Quarter

Iran’s Statistics Centre says the country’s economy posted a 1.9-percent gain in the three months to June 21, 2018, exclusive of oil sales.

Rial’s Depreciation Threatening Iran’s Border Markets

Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.

Turkey Calls for Establishment of Joint Bank with Iran

A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.

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