Economy

Iran Economy News

Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.

Iranian Rial Regains Lost Value as Forex Market Returns to Stability

The Iranian rial continued its upward spiral on Saturday, pushing more and more of ordinary people to sell the US dollars they had purchased to prevent their money from losing its value.

Tehran Hosting Organic Food Fair ahead of Yalda Night

The Iranian capital Tehran is hosting an exhibition of organic food products a few days before the Yalda Night, the longest night of the year celebrated by Iranians across the world based on an ancient tradition.
Erdogan Calls for Promotion of Trade with Iran

Erdogan Calls for Promotion of Trade with Iran

Turkish President Recep Tayyip Erdogan has highlighted the need for further expansion of bilateral trade between Tehran and Ankara in the face of the US sanctions on the Islamic Republic.

President Rouhani under Fire for FATF Remarks

Conservative media in Iran have harshly criticized President Hassan Rouhani for implying that the costs of living will be increased by 20% without cooperation with foreign banks.

US Sanctions Failed to Disrupt Iranian Economy: Rouhani

Iranian President Hassan Rouhani says the US has failed to negatively impact the Iranian economy by re-imposing its sanctions in November, as life has been made much easier for people since then.

Iran VP in South Africa to Boost Scientific Cooperation

A group of Iranian knowledge-based companies headed by the country’s Vice-President for Science and Technology Sorena Sattari have headed to South Africa to develop their ties with their African counterparts.

Iran to Miss Opportunities If It Fails to Adopt FATF: Rouhani

Iranian president says without adoption of the standards set by the Financial Action Task Force (FATF) and cooperation with foreign banks, chances will be lost and it will be 20% more costly to resolve the country’s economic problems.

India to Remain in Chabahar despite Suicide Attack: Iran

An Iranian official has rejected the unfounded claims that Indians have left the southeastern port city of Chabahar following the recent terrorist attack there, saying the investment projects are progressing as fast as possible.

Rouhani’s Gov’t Unveils Next Fiscal Year’s Budget Bill

Mohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar year that begins on 21 March 2019 has been submitted to the Parliament.

‘Europeans to Launch Iran Payment Channel by Year-End’

Head of the Atomic Energy Organization of Iran says Tehran hopes the Europeans would establish the Special Purpose Vehicle (SPV), the mechanism aimed at bypassing the US bans on Iran, by the end of December.

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