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.

IFP Exclusive

Iranian Automaker May Use Peugeot Logo on Homegrown Car

IFP Editorial Staff -
CEO of Iran’s leading carmaker Iran Khodro (IKCO) has said his company feels free to use the logo of Peugeot on the 301 model, because the sedan has been fully manufactured inside Iran after the French automaker Peugeot violated its contract and left the country in the shadow of US sanctions.
IFP Exclusive

Iran-China Banking Ties Facilitated: Official

IFP Editorial Staff -
The obstacles to banking transactions between Iran’s official companies and China have been removed, president of Iran-China Joint Chamber of Commerce announced.
IFP Exclusive

Turkey Says Ready to Boost Business Ties with Iran

IFP Editorial Staff -
Turkish Foreign Minister Mevlüt Çavuşoğlu says his country is prepared to enhance its all-out relations with Iran in various political, economic, and cultural areas.
Media Wire

UK to Pay $1.6bn in Damages to Iran’s Bank Mellat

IFP Media Wire -
The UK government has reached an agreement with Bank Mellat to settle a $1.6-billion damages claim brought by the Iranian bank after 10 years of negotiations.
IFP Exclusive

Iran Proposes New Date for OPEC Meeting

IFP Editorial Staff -
Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.
IFP Exclusive

Iranian Minister in Geneva to Attend Int’l Labour Conference

IFP Editorial Staff -
Iranian Minister of Labour Mohammad Shariatmadari has left Tehran for the Swiss city of Geneva to attend the 108th session of the International Labour Conference.
IFP Exclusive

Iran on Verge of Joining Eurasia Free Trade Zone

IFP Editorial Staff -
Iran’s Energy Minister Reza Ardakanian says the country will soon announce the implementation of its agreement with the five members of the Eurasian Economic Union on free trade, which will make Iran a member of the Eurasia Free Trade Zone.
IFP Exclusive

INSTEX Not Translated into Reality Yet: Iran

IFP Editorial Staff -
Iranian Parliament Speaker Ali Larijani says the financial mechanism proposed by the EU to normalize economic ties with Iran after the US withdrawal from the 2015 nuclear has not yet been translated into reality, and is only on paper.
IFP Exclusive

Celebration of Queen Elizabeth II’s Birthday at Iranians’ Expense

IFP Editorial Staff -
An email has been sent to many Iranian economic players and brands asking them to pay for an annual celebration marking the 93rd birthday of the British Queen Elizabeth II in Tehran through a certain channel.
Media Wire

US Seeks to Kill INSTEX by Imposing New Sanctions

IFP Media Wire -
The Trump administration is now weighing sanctions on Iran’s counterpart to the European special-purpose vehicle for humanitarian trade, Bloomberg says.
IFP Exclusive

Iran’s Parliament Approves Establishing Free Trade Zone with Eurasia

IFP Editorial Staff -
Iranian lawmakers have approved a bill to temporarily run a free trade zone between Iran and Eurasian Economic Union.
IFP Exclusive

Turkey to Deepen Business Ties with Iran to Counter US Bans: Erdogan

IFP Editorial Staff -
Turkish President Recep Tayyip Erdogan has called for further expansion of mutual ties between Iran and Turkey in various areas including economy in the wake of the US sanctions against Tehran.
IFP Exclusive

Iran Condemns US Trade War on China

IFP Editorial Staff -
Iran’s Foreign Ministry spokesman has censured the United States’ trade war on China, saying that it is necessary for Washington to seriously rectify its approach towards global trends and the growth in power of other world players.
IFP Exclusive

Iran, Turkey to Establish Joint Bank to Promote Trade

IFP Editorial Staff -
Iran and Turkey are reportedly planning to establish a joint bank to promote trade in the face of the US sanctions campaign against the Islamic Republic.
IFP Exclusive

Iran Best Way for Transit of Tajik Goods: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani says the Islamic Republic can be the safest and best transit route for goods imported to and exported from the Republic of Tajikistan.
IFP Exclusive

Iran Blames Turkish Traders for Rising Prices of Agricultural Produce

IFP Editorial Staff -
A senior Iranian agriculture official says one of the reasons behind a sudden rise in the prices of agricultural produce in Iran is Turkish businessmen who come to Iran to buy products wholesale.
IFP Exclusive

German Companies Staying in Iran despite US Pressures

IFP Editorial Staff -
Dozens of German companies have continued to cooperate with Iran and keep their offices in the country open despite the US pressures and sanctions.
Media Wire

Iran Denies Closure of British-Iranian Chamber of Commerce

IFP Media Wire -
Iran’s ambassador to London denied a report about closure of the British Iranian Chamber of Commerce, saying the chamber is doing its activities normally and has only morphed into a “virtual and digital” establishment due to rising rents in London.
Media Wire

Iran Says Ready to Connect Pakistan’s Gwadar to Chabahar Port

IFP Media Wire -
Iranian Foreign Minister Mohammad Javad Zarif says he is putting forward a "proposal" during his ongoing trip to Islamabad for connecting Pakistan's Gwadar port to its "complementary" port Chabahar in southeastern Iran.
IFP Exclusive

Iran’s Reliance on Oil Revenues Down to 30 Percent: VP

IFP Editorial Staff -
Iran’s first vice president says the country’s reliance on oil revenues has reduced significantly due to the hard efforts made over the recent years.
IFP Exclusive

‘US Renews Sanctions Waivers for Iran’s Chabahar Port’

IFP Editorial Staff -
The US Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells says Washington has agreed with the request of Kabul to exempt Iran’s Chabahar port from the US sanctions, considering the significance of the strategic port city for the development of Afghanistan.
IFP Exclusive

Iran Says Ball of Implementing INSTEX in Europe’s Court

IFP Editorial Staff -
The CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.
IFP Exclusive

Brazil Says Ready to Help Iran in Face of US Sanctions

IFP Editorial Staff -
The Brazilian ambassador to Iran says the US’ anti-Iran sanctions are cowardly and, if necessary, Tehran can count on Brazil in this regard.
IFP Exclusive

US Seeking to Devaluate Iranian Currency: Rouhani

IFP Editorial Staff -
Iran’s president says the United States wants to have the Iranian currency devalued in order to achieve its illegitimate objectives.
IFP Exclusive

‘Exporting Knowledge-Based Products Very Profitable after Rial Devaluation’

IFP Editorial Staff -
Iran’s Vice-President for Science and Technology says the devaluation of Iran’s national currency against the US dollar has made it quite profitable to export goods produced by Iranian knowledge-based firms.
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