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.

Local

Iran president: Tuesday cyberattack aimed to disrupt lives

IFP Editorial Staff -
Iran’s President Ebrahim Raesi says Tuesday’s cyberattack that caused an outage at the country’s gas stations was aimed at disrupting people’s lives.
Media Wire

Iran to develop oilfields near border with Iraq

IFP Media Wire -
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Economy

Iran, Turkmenistan agree to boost bilateral trade to highest level

IFP Editorial Staff -
The Islamic Republic of Iran and neighboring Turkmenistan have agreed to increase the volume of their bilateral trade as much as possible.
Agriculture

Saffron Harvest Season Begins in Iran’s Golestan

IFP Editorial Staff -
Saffron plantation has gained popularity in parts of the the northern Iranian province of Golestan.
Industry

Afghanistan says willing to buy oil from Iran

IFP Media Wire -
The chairman of Afghanistan's Chamber of Commerce and Investment (ACCI), Tawakal Ahmadyar, announced the country is ready to purchase Iran’s oil.
IFP Exclusive

Iranian MP calls for reciprocal action against S Korea over frozen assets

IFP Editorial Staff -
A high-ranking Iranian MP says the Islamic Republic must take reciprocal action against South Korea’s move to freeze Iranian assets.
Agriculture

Beekeepers’ Union: Export of Iran Honey Halted

IFP Editorial Staff -
Iran’s National Union of Beekeepers says the decision by the Ministry of Agriculture Jihad, in the previous administration, to remove regulatory standards for production of honey led to a halt in the exports of the Iranian product.
IFP Exclusive

Analyst: Negotiations a Must to End Sanctions

IFP Editorial Staff -
An Iranian international affairs analyst has called for a return to the talks for the revival of the nuclear deal, saying “whether we get our desired result or not, we should know that sanctions will not be removed without negotiations.”
IFP Exclusive

Iranian president says exports must increase

IFP Editorial Staff -
Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.
Economy

South Pars CEO: investments in gas field close to $80bn.

IFP Editorial Staff -
The CEO of South Pars Gas Complex Company says investments made in South Pars are close to $80 billion. Hadi Hashemzadeh Farhang said all the investments, done amid US sanctions, have been turned into assets for the National Iranian Gas Company and the necessary resources have been provided for the proper maintenance of these facilities.
IFP Exclusive

Kazak envoy: Iran SCO membership beneficial to body

IFP Editorial Staff -
Kazakhstan’s ambassador to Tehran has described Iran as a powerful economy, saying the Islamic Republic’s membership in the Shanghai Cooperation Organization will be helpful to body’s members and to their trade exchanges and cooperation.
IFP Exclusive

Iran announces pilot activity of national cryptocurrency

IFP Editorial Staff -
The governor of Iran’s Central Bank has announced the pilot activity of the national cryptocurrency in the near future.
IFP Exclusive

Iran MPS Urge Govt. Planning to Best Benefit from SCO Membership

IFP Editorial Staff -
A group of 160 Iranian lawmakers, in a letter, have called for government planning and active economic diplomacy to make the most out of the Islamic Republic’s membership in the Shanghai Cooperation Organization.
Economy

N Khorasan Exports Rise by 250 Percent in First Half of Year

IFP Editorial Staff -
The Organization of Industry, Mine and Trade in Iran’s Northern Khorasan Province says the provincial exports grew by more than 250 percent to 72.4 million dollars in the first half of the year, compared to the same period the previous year.
IFP Exclusive

Iran’s land border with Turkmenistan reopens after 20 months

IFP Editorial Staff -
An Iranian customs spokesman said the land border outside Golestan province with Turkmenistan has been reopened after 20 months.
IFP Exclusive

Iran renews call on South Korea to unfreeze oil money

IFP Editorial Staff -
Iran's Deputy Foreign Minister Ali Baqeri Kani has called on Seoul to quickly and effectively unfreeze Iranian funds and resources in South Korea.
IFP Exclusive

“Azerbaijan Republic frees detained Iranian truck drivers”

IFP Editorial Staff -
The Republic of Azerbaijan has reportedly released two Iranian truck drivers it detained in September, suggesting the bordering countries are trying to reduce tensions and avoid a possible conflict over critical transit routes and the Zionist regime’s presence in the region.
IFP Exclusive

Capacity of Iran’s Bushehr Nuclear Power Plant to be tripled

IFP Editorial Staff -
Iran’s President Ebrahim Raeisi says the electricity production capacity of the Bushehr Nuclear Power Plant will be tripled.
IFP Exclusive

Envoy: Reports about closure of Iran-Turkey border crossings baseless

IFP Editorial Staff -
Iran’s consulate general in Erzurum، Turkey has dismissed reports about the closure of Iran-Turkey border crossings and the banning of the entry of the two sides’ trucks as totally baseless.
IFP Exclusive

Iran’s West Azarbaijan Province reopens all border crossings

IFP Editorial Staff -
Iran’s West Azarbaijan Province reopened all its five land border crossings on Friday after nearly two years of closure over the spread of the coronavirus.
IFP Exclusive

Ali Salehabadi appointed as Iran’s new central bank chief

IFP Editorial Staff -
Ali Salehabadi has been appointed as the new governor of the Central Bank of Iran, Minister of Finance and Economic Affairs announced on Wednesday.
IFP Exclusive

Iran to US, EU: End Sanctions to Help Address Global Energy Crisis

IFP Editorial Staff -
Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis.
IFP Exclusive

Iranian delegation in Kabul, talking trade with Taliban

IFP Editorial Staff -
Following coordination with Iran’s Interior Ministry and the heads of the Afghanistan’s interim government, Mohammad Sadegh Motamedian, the governor of Khorasan Razavi province has traveled to Afghanistan along with his entourage with the aim of developing trade relations and investigating and solving transit problems in a meeting met with various Taliban officials.
IFP Exclusive

MP: Iranians have spent $7 billion on real estate in Turkey

IFP Editorial Staff -
An Iranian MP says Iran has repeatedly saved political life of the Turkish president.
IFP Exclusive

Iran bans imports of home appliances to support domestic manufacturers

IFP Editorial Staff -
Iran’s Presidential Office has instructed the Ministry of Industry, Mine and Commerce and the Ministry of Economy and Finance to ban imports of South Korean home appliances.
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