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.
Iranian VP: Free trade zones with Russia can render sanctions ineffective
Iran’s First Vice President Mohammad Mokhber says US-led sanctions cannot stand in the way of trade between Iran and Russia، highlighting the role of free trade zones in bypassing the embargoes and expanding bilateral ties.
Iran says new US sanctions having no impact on petrochemical industry
The secretary general of Iran’s petrochemical industry guild union says new sanctions on the country will have no impact on its activities, although the bans could be part of a propaganda campaign and psychological warfare.
Iran VP: Sanctions won’t stop Iran-Russia cooperation
Iranian First Vice President Mohammad Mokhber has said the Islamic Republic and Russia enjoy good ties that have been expanding.
Iran’s VP stresses implementation of agreements with Russia
Iranian First Vice President Mohammad Mokhber, who is on a visit to Russia, says cooperation agreements between Iran and Russia have to be seriously implemented based on a detailed and scheduled plan.
Turkmenistan exempts Iran from heavy tariffs on transit of goods
An Iranian official says Turkmenistan has cancelled heavy tariffs for Iranian transit of goods using the country’s borders and territory as of October 1.
Iran’s exports of industrial products up 70%
Iran’s exports of industrial products have increased by 70% during the tenure of Ebrahim Raisi, who took over as Iranian President in August 2022.
Iran-China eight-month trade hit $11.16bn
The trade between Iran and China has grown by 19 percent to hit 11.16 billion dollars since the turn of the year compared to the same period the previous year, new official figures from China show.
Iran customs: Exports to Africa increased 40% in 5 months
Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced.
Raisi: Iran and Uzbekistan want to expand trade ties
Iran’s President Ebrahim Raisi says his administration’s top priority is to interact with neighbors and regional countries.
Official: Iran-ECO trade up 40 percent
The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.
Iran’s trade with SCO surges by 31%
The spokesman for Iran’s Customs Organization says the country's trade with members of the Shanghai Cooperation Organization in the first five months of the current Iranian year of 1401 was valued at 17 billion dollars.
Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future
An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”
Official: Iran’s 5-month trade with neighbors exceeds $20bn
Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.
Central bank chief: Iran, Russia using national currencies in trade
The head of the Central Bank of Iran (CBI) says Tehran and Moscow have already started using their national currencies in certain fields of trade and are set to de-dollarize other sectors of their commercial relations as well.
Economy minister: Iran’s oil income 5 times more than last year
Iran’s minister of economy and finance says the Islamic Republic’s oil income has increased five-fold compared to last year and eleven-fold compared to the year before despite unrelenting US-led sanctions, raising hopes that many of the economic hardships in the country will soon be tackled.
Minister: Iran, Russia start using national currencies in transactions
Iran's minister of industries, mining and trade says the country and Russia have started doing business in their national currencies, namely rial and ruble.
Iran, Russia sign automotive deals worth €700mn
Iranian and Russian car manufacturing companies have signed 12 cooperation deals worth 700 million euros on the sidelines of an international automobile exhibition in the Russian capital Moscow.
Iraq’s Kurdistan Region PM says local govt. open to closer economic cooperation with Iran
The prime minister of Iraq’s Kurdistan Region says the local government is prepared to increase economic cooperation with Iran, especially the neighboring Iranian province of West Azarbaijan.
Oil minister: Russia developing 7 oil, natural gas fields in Iran
Iran’s oil minister says Russia is leading the development projects of seven oil and natural gas fields in Iran and the two sides are negotiating on contracts for 14 other fields.
Official: Iran will start biggest exhibition presence in Moscow Monday
A spokesman for Iran’s Ministry of Industry, Mining and Commerce says the country’s biggest exhibition presence will kick off on Monday in Moscow.
‘Value of Iran-Iraq trade to reach $9bn mark by year end despite US sanctions’
The chairman of the Iran-Iraq Chamber of Commerce says the value of trade between Tehran and Baghdad will reach the 9-billion-dollar mark in seven months, despite the tough US economic sanctions in place against Iran.
Report reveals billion-dollar corruption in Iran’s steel factory
The Iranian parliament has released a scathing report involving a 3-billion-dollar corruption case in a mega-scale steel company’s management and financial transactions after a 19-month investigation.
Iran car industry eyes bigger share from Russian market
The Western sanctions on Russia over the conflict in Ukraine has provided a new opportunity for Iran’s automobile and auto parts industry to gain a firm foothold in its northern neighbor’s markets, an Iranian official says.
Pakistani official says Islamabad and Tehran close to signing free trade agreement
Iran and Pakistan are expected to sign a free trade agreement (FTA) within the next six months, a senior Pakistani government official has said.
Figures show 48% growth in foreign trade during 1st year of Raisi’s administration
During the first year of the 13th Iranian administration under President Raisi, the Islamic Republic’s foreign trade grew by an unprecedented 48%.