Economy

US Economic War Deprives Iran of $50 Billion in Assets: Spokesman

Spokesperson for the Iranian government has highlighted the country's success in handling the situation and protecting the economy from collapse under the pressure of sanctions although the economic war waged by the US has prevented Tehran’s access to $50 billion in assets.

Iran’s Economic Growth Rate Becomes Positive Despite US Sanctions

Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues.

Expansion of Economic Ties with Neighbours a Priority: Iran VP

A senior Iranian official says the sky is the limit for Tehran when it comes to the enhancement of economic relations with other nations, especially neighbouring countries.

Iran, Pakistan to Expand Trade Ties through Virtual B2B Meetings

Knowledge-based, innovative, and high-tech companies of Iran and Pakistan will have the chance to hold direct online negotiations and explore avenues for developing business relations between the two sides.

Iran, Turkey Can Turn into Role Model for Friendly Ties in Region: Vaezi

Mahmoud Vaezi, the Chief of Staff of the Iranian president's office, has hailed Iran-Turkey relations as two friends and neighbours, calling for further development of economic cooperation between the two sides.

Blow of Sanctions on Iran Neutralized: President

President Hassan Rouhani has highlighted the administration’s success in foiling the enemy’s plot to cripple the country’s economy through sanctions.

Tehran, Dohan to Forge Closer Economic Cooperation

Iran and Qatar have reiterated their determination to further enhance their economic cooperation.

With Trump Gone, Foreign Investment in Iran Will Increase: Spokesman

Tehran says with US President Donald Trump leaving office, foreign companies will become more interested in investing in Iran, as they are already working to open their offices.

Iran Absorbs $3.8bn in Foreign Investment in 7 Months

Iran’s economy minister says some $3.8 billion worth of foreign investment was funneled into the country from April to October, 2020.

Iranian People’s Resistance in Economic War Bears Fruit: President

Iran’s president says the Iranian nation’s resistance in the economic war has come to fruition, setting the stage for the amelioration of the country’s economic situation.

Iran Calls for Closer Cooperation Among Eurasian Nations

Iran’s energy minister says the country can play a pivotal role in cementing cooperation among member states of the Eurasian Economic Union (EAEU).

Iran’s President Unveils New COVID-19 Restrictions

President Hassan Rouhani has unveiled countrywide plans for a new round of restrictions to break the transmission of the coronavirus pandemic by categorizing more than 100 cities as red zones.

Iranian, Russian Diplomats Discuss Mutual Economic Cooperation

Iranian Deputy Foreign for Economic Diplomacy Gholam-Reza Ansari has met with his Russian counterpart Alexander Pankin via videoconference.

Iranian, Turkish Presidents Discuss Enhancement of Trade Ties

Iran's President Hassan Rouhani has called for the promotion of economic and trade cooperation with neighbouring Turkey to mitigate the negative effects of the US sanctions and the outbreak of the coronavirus pandemic.

Iran’s Non-Oil Exports Doubled in 8 Years: President

The Iranian president says the country's non-oil exports have roughly doubled in the 11th and 12th administrations.

Government’s Top Priority Is to Protect Iranians’ Lives: President

President Hassan Rouhani says his government’s main priority amid the cruel sanctions and the economic woes is to protect the health and lives of people.

Iran Urges Expedition of Trade with Neighbouring Countries

The Iranian president has instructed relevant authorities to set up a working group immediately to remove bureaucratic obstacles to trade and economic relations with neighbouring countries.

Iran to Hold Forum on Promotion of Trade with Africa

The Trade Promotion Organization of Iran is going to hold a forum in early October to weigh plans for boosting Iranian exports to the African nations, an official has announced.

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian...

Iran, Turkey to Develop Business Ties in Various Sectors: Official

An Iranian top official says Tehran and Ankara are going to develop their cooperation in a wide range of business sectors, especially banking, as soon as possible.

Iran, New Zealand Discuss Closer Political-Economic Cooperation

High-ranking diplomats from Iran and New Zealand have held the seventh meeting of the Joint Commission on Political-Economic Cooperation via videoconference.

US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

Governor of the Central Bank of Iran says the relentless efforts of the US to destabilize Iran's foreign currency market have failed thanks to the Central Bank's measures.

Iran’s Revenues from Non-Oil Exports Exceed Value of Imports: President

Iranian President Hassan Rouhani has highlighted his administration’s success in boosting the export of non-oil products, the income from which has exceeded the value of imports for the first time over the past 60 years.

Iran Boosting Exports to Kuwait as COVID-19 Restrictions Eased

The Trade Promotion Organization of Iran has reported a rise in the export of strategic products to Kuwait as the Arab country eases its COVID-19 restrictions.

Iran’s Economy Shrinks by Only 3% after COVID-19: President

Iranian President Hassan Rouhani said while the novel coronavirus pandemic has slashed major economies in the world by up to 20 percent, Iran’s economy has contracted only by 3 percent.

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