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.

IFP Exclusive

Cuba FM urges close cooperation with Iran against US sanctions

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amirabdollahian and his Cuban counterpart Bruno Rodriguez met Friday on the sidelines of the UN General Assembly in New York. Amirabdollahian and Rodriguez discussed bilateral ties, especially their trade cooperation.
IFP Exclusive

Iran FM: Tehran not to tie its economy to nuclear talks

IFP Editorial Staff -
As part of the meetings of Iran’s Foreign Minister on the sidelines of the UN General Assembly on Friday, Hossein Amirabdollahian and South African Minister of International Relations and Cooperation Naledi Pandor sat down for talks on bilateral relations.
IFP Exclusive

Indonesia FM thanks Iran for exporting pharmaceutical items

IFP Editorial Staff -
As part of his meetings on the sidelines of the United Nations General Assembly, Iran's Foreign Minister Hossein Amirabdollahian met with Indonesia's Foreign Minister Retno Marsudi on Friday. The two sides exchanged views on bilateral issues and cooperation.
IFP Exclusive

Norway calls for the revival of JCPOA

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amirabdollahian and his Norwegian counterpart Ine Eriksen Søreide have held talks over bilateral ties and the situation in Afghanistan. The negotiations happened on the sidelines of the UN General Assembly in New York.
IFP Exclusive

Armenian calls for Tehran-Yerevan cooperation in oil and gas

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amirabdollahian and his Armenian counterpart Ararat Mirzoyan have held talks on the sidelines of the UN General Assembly meeting in New York.
IFP Exclusive

Iran ready to cooperate with Singapore in security, counter-terrorism, narcotics

IFP Editorial Staff -
As part of his meetings on the sidelines of the United Nations General Assembly in New York, Iranian Foreign Minister Hossein Amirabdollahian has held talks with his counterpart from Singapore Vivian Balakrishnan. The two sides discussed bilateral issues especially trade and economic cooperation.
Society

Iranians Set Record of Purchasing Houses in Turkey

IFP Editorial Staff -
Turkey’s statistics center says Iranians bought 911 housing units in the country in August, which it said is an all-time monthly record for such purchases.
Economy

Iran to boost oil refining capacity

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji has announced that the country is planning to boost its petroleum refining capacity over the next four years.
Energy

Iran to increase nuclear electricity generation capacity to 8MG

IFP Editorial Staff -
The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.
IFP Exclusive

Iran’s exports to Iraq rises by 31%

IFP Editorial Staff -
An Iranian customs spokesman has said Iran's exports to Iraq in the first five months of this year increased by 31 percent compared to the same period last year.
IFP Exclusive

Iranians mine $1 billion Bitcoins annually

IFP Editorial Staff -
Iran’s Parliament says Iranians mine one billion dollars in cryptocurrencies per annum.
Economy

Makran Coasts Can Turn Iran into Extra-Regional Power

IFP Editorial Staff -
Iran has long sought to use the potential of its strategic southern coastal region of Mokran along the Sea of Oman to expand its oil and petrochemicals sector, diversify its outlets for key crude petroleum exports, which have been concentrated in the Persian Gulf region, and increase its strategic clout.
Economy

Raisi says will not allow excessive import of home appliances

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raisi says his administration prioritizes domestic production and will not allow excessive imports.
Economy

Iran workers call for a ban on foreign-made home appliances

IFP Editorial Staff -
Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.
IFP Exclusive

Raisi calls for leap in Iran’s non-oil exports

IFP Editorial Staff -
Iranian President Seyyed Ebrahim Raisi has called for a leap in the country’s non-oil exports.
IFP Exclusive

Iran Records a Trade Surplus of $1.2bn Last Month, China largest client

IFP Editorial Staff -
Iran’s customs administration says the country recorded a trade surplus of $1.2bn in the previous Persian calendar month.
IFP Exclusive

Association Chief: Iran Power Outages Cost Steel Sector $6bn

IFP Editorial Staff -
The head of Iranian Steel Producers Association says power outages that hit the country during summer have cost the industry six billion dollars.
Selected

Iran MP Urges Govt. to Prevent Return of Samsung, LG

IFP Editorial Staff -
A member of the Iranian parliament’s presiding board has called on the government to prevent products of South Korean companies, which “betrayed us”, to easily return to the market.
IFP Exclusive

Parl. Committee Lodges Complaints against Ex-Pres. Rouhani

IFP Editorial Staff -
The deputy chair of the Iranian parliament’s Article 90 Committee says they have lodged three complaints with the judiciary, against former President Hassan Rouhani.
IFP Exclusive

Official: Iran-Afghan trade back to normal

IFP Editorial Staff -
Spokesman for Iran’s Customs Office says trade with Afghanistan has returned to normal.
Government

Iran’s Raisi appoints electoral rival as VP

IFP Editorial Staff -
Iran’s President Ebrahim Raeisi has appointed one of his rivals during last June presidential elections, as Vice-president for Economic Affairs.
Selected

All Iran-Afghanistan Border Crossings Open: Customs Administration

IFP Editorial Staff -
The Iranian Customs Administration says all of the country’s customs checkpoints on the border with Afghanistan are open and trade is ongoing with the neighbouring country.
IFP Exclusive

Iran Gets 80% of COVID-19 Vaccine Imports from China: Official

IFP Editorial Staff -
Iran says a large part of its coronavirus vaccine imports have come from China.
IFP Exclusive

Iranian Oil Workers Go on Strike in Protest at Low Wages

IFP Editorial Staff -
Thousands of Iranians working in the country’s energy industry have gone on strike over the past week in protest at low wages.
IFP Exclusive

Trump Virus, COVID-19 Responsible for Iran’s Economic Situation: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani says the US sanctions and its economic war on Iran coupled with the coronavirus pandemic have spelt numerous difficulties for the people of Iran over the past three and a half years, stressing that things would have been markedly different without them.
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