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.

Energy

Iran oil exports hit 6-year high amid US sanctions: Report

IFP Media Wire -
Tehran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, the Financial Times has reported.
Energy

Iran extends gas export contract with Iraq

Mahdi Arman -
Iran has renewed a contract with Iraq to export gas to its western neighbor for five more years.
Economy

Iran says beats sanctions, economic growth exceeds 6 percent

IFP Editorial Staff -
The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.
Economy

Envoy: Taliban invest $35mn in Iran’s Chabahar

Mahdi Arman -
The Taliban administration in Afghanistan has invested 35 million dollars in Iran’s southeastern port city of Chabahar on commercial, residential and administrative projects, the Iranian special envoy to Kabul announced.
Economy

IMF revises up economic growth projection for Iran in 2023

IFP Media Wire -
The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.
Foreign Policy

Russian economic delegation heading for Tehran: Iran ambassador

IFP Editorial Staff -
Iran’s ambassador to Moscow says a major Russian economic delegation is heading to Iran.
Economy

Official says Iran in talks with several countries to set up joint free zones

IFP Media Wire -
Secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojjatollah Abdolmaleki has said negotiations are underway between Tehran and 21 states to launch joint free zones.
Economy

Official says Iran’s trade with SCO states climbed 5.5%

IFP Media Wire -
Tehran’s international trade with the Shanghai Cooperation Organization (SCO) has increased to over $37 billion in the first 10 months of the current Iranian calendar year starting on March 21, 2023, an Iranian official has stated.
Economy

President Raisi says tourism industry can rid Iran of dependence on petrodollars

IFP Media Wire -
Iranian President Ebrahim Raisi has stressed the necessity to enhance the tourism industry to diversify the sources of national income and diminish the country’s reliance on oil.
Economy

IMF says Iran’s economy registered 5.4% growth last year

IFP Media Wire -
The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4 percent.
Economy

Iran, Turkey pledge to enhance bilateral trade following president Raisi’s visit

IFP Media Wire -
Tehran and Ankara have jointly declared their commitment to augmenting bilateral trade while also pledging collaborative efforts to achieve peace in West Asia.
Economy

Official: Iran’s non-oil exports hit $36bn

Mahdi Arman -
Iran’s non-oil exports have reached $36bn over the past nine months.
Finance

Official: Iran, Russia left SWIFT system

IFP Media Wire -
Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.
Local

Iranian trade firm embroiled in $3bn fraud case on tea imports, said to be the largest embezzlement case

Mahdi Arman -
Probes by the General Inspection Organization of Iran indicate that “a certain company” that had received billions of dollars to import tea and machinery, sold the forex on free market at a higher exchange rate, marking “the largest fraud” in the country.
Economy

China says to boost global economy in cooperation with Iran

IFP Editorial Staff -
China’s ambassador to Iran says his country will contribute more heavily to the improvement of global economy through cooperation with Iran.
Economy

Iranian, Afghan officials stress on expansion of trade ties

IFP Editorial Staff -
Iran and its eastern neighbor Afghanistan say trade relations between the two countries have to expand.
Economy

Iranian Chamber of Commerce ready to set up joint chamber with Saudi Arabia 

IFP Editorial Staff -
The head of Iran’s Chamber of Commerce tells the Iranian consulate general in Jeddah that Tehran is ready to participate in the infrastructure projects of Saudi Arabia such as ports, railways and roads.
Economy

Official: Iran’s non-oil exports hit 54.6 billion dollars

IFP Editorial Staff -
The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.
Economy

Iran, Pakistan agree to streamline border operations at Mirjaveh crossing

IFP Editorial Staff -
Iran and Pakistan have struck a deal to facilitate road transportation and border operations to ensure timely clearance of goods in order to increase the daily traffic movements through the shared Mirjaveh-Taftan border crossing at least four-fold.
Economy

Iranian VP urges G77+China members to join hands, tackle challenges through technology

Golrokh Askarieh -
Iranian Vice President for Science, Technology and Knowledge-based Economy Rouhollah Dehghani, who is in the Cuban capital Havana to take part in the G77+China Summit, called on the nations of the global south for further cooperation to move beyond selling raw materials and resources by shifting towards digital economy.
Finance

Russia’s largest lender launches new service in Iran

IFP Media Wire -
Russia’s largest lender Sber is offering a new service that allows its clients to transfer money to Iran, the bank announced on Thursday.
Economy

Iran exported over 3mn metric tons of food products in 5 months: Report

IFP Media Wire -
Iran has exported more than three million metric tons of food products in the first five months of the current Iranian calendar year (March 21-August 22), which shows a 19% increase in value compared to the same period last year, according to a report.
Views

Iran ex-diplomat: Economic development, military might should be in tandem

IFP Editorial Staff -
A former Iranian diplomat has warned government officials of the consequences of ignoring economic development at home while pushing for the defense and military agenda.
Foreign Policy

Iran FM urges final agreement with India over Chabahar Port

IFP Editorial Staff -
Iranian Foreign Minister Hossein Amirabdollahian has called for a final agreement with India for implementing the Chabahar Port project, in southeast of Iran.
Foreign Policy

Chinese ambassador: China and Iran at peak of their cooperation

IFP Editorial Staff -
China's ambassador to Iran says the two countries are at the peak of their cooperation, voicing hope that with the efforts of the Iranian and Chinese presidents, bilateral relations will improve more than ever.
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