Economy

Iran Exports $17bn Worth of Goods in 12 Months through Free Economic Zones

Some $17 billion worth of commodities were exported from Iran’s free trade zones and special economic zones in the one year to March 2020.

Iran Pushing on with Economic Plans Despite Coronavirus: Rouhani

President of the Islamic Republic of Iran Hassan Rouhani says the outbreak of coronavirus has not brought economic activities in the country to a halt, describing the inauguration of new projects as a testimony to Iran’s unfaltering progress.

Iran Pushing to Mitigate Economic Repercussions of COVID-19: Rouhani

Iranian President Hassan Rouhani has highlighted his administration’s efforts to deal with the economic consequences of the coronavirus outbreak, pointing to schemes to protect the livelihood of people and prevent price hikes.

Iran Exports 20% of Domestically-Produced Nano-Products

An official says export of a whole range of homegrown products makes up a fifth of Iran’s nano-economy.

Iran Denies Reports on Suspension of Trade with UAE

The Trade Promotion Organization of Iran has denied reports carried by some media that trade relations between Iran and the United Arab Emirates (UAE) are going through a rough patch.

People Contributing to Economy by Trading Shares: Iran President

The Iranian president says the Tehran Stock Exchange has increased people’s contribution to the country's economy.

Iran-Kyrgyzstan Trade Should Not Hang on End of COVID-19: Rouhani

Iranian President Hassan Rouhani has called for the promotion of economic relations with Kyrgyzstan, saying the two countries can expand their trade ties in compliance with the health protocols regardless of the prospect for an end to the coronavirus pandemic.

Iran’s Gov’t Committed to Combatting Absolute Poverty: Rouhani

Iran’s President Hassan Rouhani says his government has been committed to combatting absolute poverty and will continue to do so.

Iran to Exclude Oil Revenues from Its Income Basket

Iran says the country’s top priority is to put aside the oil and just depend on non-oil revenues to handle the country’s economic issues.

Iran Reopens Mosques, Lifts Restrictions on Shopping Malls

Iran’s President Hassan Rouhani has announced new policies to ease restrictions which were in place since the outbreak of the coronavirus.

Halt to Tehran-Seoul Trade Ties ‘Temporary’, Analyst Says

A senior economic analyst believes the current disruption to bilateral trade between Iran and South Korea is temporary, and there is reason to be optimistic about future economic ties. 

Iran Unveils Four Mega Projects to Boost Digital Economy

Iran’s president has unveiled four new infrastructural projects, launched by the information and communications technology ministry, to boost the country’s digital economy.

Iran Calls for Closer Business Ties with Georgia

Iranian First Vice President Es'haq Jahangiri has offered congratulations to Georgia on its national day, calling for expansion of business ties between Tehran and Tbilisi.

Iran’s First Tanker in Venezuela to Deliver Much-Needed Gasoline

The first of five tankers carrying Iranian gasoline to Venezuela has arrived in the Latin American country despite the US threats.

Iran, Turkey Move to Reopen Land, Air Borders

The presidents of Iran and Turkey have discussed plans to reopen the land and air borders between the two neighbours and restart trade exchanges in compliance with the health protocols.

Iran Announces Protocol on Granting 5-Year Residence Permits to Foreign Nationals

Directives on issuing residence permits to foreign nationals making investment in Iran have been announced.

Iran to Resume Trade with Arab States in Compliance with Health Protocols

Iran says it has agreed with five Arab nations to resume business relations while adhering to health protocols and enforcing them at the borders.

Iran Proposes Barter Trade with Kazakhstan

President of the Islamic Republic of Iran Hassan Rouhani has proposed the idea of operating a barter system for bilateral trade with Kazakhstan.

Iran Warns US against Disruption of Legal Trade

Iran’s Foreign Minister has warned the United States against any disruption of legal trade, saying that Washington is not allowed to interfere with the Iranian tankers en route to Venezuela.

‘Sultan of Cars’, His Wife Sentenced to Death in Iran

Iran has given death penalties to a man and his wife who had hoarded more than 6,700 automobiles and disrupted the car market and are also convicted of money-laundering involving a sum of 32 trillion rials.

Vice President Urges Development of Digital Economy in Iran

Iranian First Vice President Es’haq Jahangiri has called for plans to develop the infrastructures for digital economy in the country, highlighting the role that the Ministry of Information and Communications Technology plays in working towards that goal.

Iran President Gives Orders to Support Businesses, Regulate Auto Market

The Iranian president has instructed the caretaker of the Ministry of Industry, Mine and Trade to adopt the necessary measures to manage the market and support businesses amid COVID-19 pandemic.

Efforts Should Be Made to Better People’s Living Standards: Rouhani

The Iranian president says all efforts should be channeled into improving people’s economic situation and living standards as well as boosting hopes of a better future.

Iran to Resume Trade Ties with Turkmenistan, Uzbekistan

Iran’s minister of roads and urban development says the ministry is seeking to resume trade transactions with Turkmenistan and Uzbekistan.

Tehran, Baku Move to Broaden Economic Ties

Senior presidential officials from the Islamic Republic of Iran and the Republic of Azerbaijan have expressed satisfaction with the growing economic cooperation between Tehran and Baku and have weighed plans for the expansion of bilateral relations and interaction in various fields.

Latest news