Economy

Iran Economy News

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

‘Iran, Syria’s Top Priority in Reconstruction Projects’

The Syrian ambassador to Tehran says Damascus gives priority to Iran when it comes to the reconstruction of the war-torn country.
Iran's Oil Minister Bijan Zanganeh

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.

Iran Oil Revenues Decreased 28 Percent in New Budget Proposal

The state budget for the new Iranian year starting on March 21 assumes $21 billion of oil revenues, about 28 percent lower than this year's budget, Government spokesman Mohammad Reza Nobakht has said.

‘European Firms Planning to Establish Trade Ties with Iran’

An official says although the European mechanism to keep economic ties with Iran despite US sanctions has not yet been implemented, a number of European firms have contacted Iranian officials to plan to establish business ties with the country.

Iranian President Submits Budget Bill to Parliament

Iran’s President Hassan Rouhani has appeared before lawmakers on Tuesday to submit an annual budget of $47.5 billion for the next Iranian calendar year (to start on March 21).

Knowledge-Based Activities Make Iran Resistant to Sanctions: VP

Iran’s vice president says knowledge-based economy makes the country resistant to sanctions.

Iranian, Turkish Presidents Explore Grounds for Closer Trade Ties

Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan have explored avenues for expanding business cooperation in a meeting in Ankara on Thursday.

‘Finnish Firms Waiting for EU’s SPV to Do Business with Iran’

Finland says its small- and medium-sized companies are still interested in promoting their business cooperation with Iran, but are waiting for the European Union to establish its special payment mechanism, known as Special Purpose Vehicle (SPV), to facilitate trade with Iran under the US bans.

Iranians Getting Prepared to Celebrate Yalda Night

Yalda is the longest night of the year in the Iranian calendar, during which Iranians celebrate winter solstice along with their families.

IOSCO Promotes Iran’s Membership Status

The International Organization of Securities Commissions has promoted the membership status of Iran’s Securities and Exchange Organization.

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