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

Iran, Turkey to Establish INSTEX-Like Mechanism: Zarif

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Iran and Turkey have agreed to establish a new financial mechanism in a number of areas similar to that of Europe's long-awaited financial initiative known as the Instrument in Support of Trade Exchange (INSTEX).
IFP Exclusive

Syria to Give Priority to Iranian Firms in Reconstruction Era: PM

IFP Editorial Staff -
Syrian Prime Minister Imad Khamis says his country’s top priority in the reconstruction era is Iranian companies working in various areas.
Media Wire

Enemies Plotting to Disrupt Iran’s Forex Market, Chief Banker Warns

IFP Media Wire -
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.
IFP Exclusive

Red Willow Production Cuts Unemployment in Iranian Village

IFP Editorial Staff -
A small village named Bezijan, located near the city of Arak in Iran’s Markazi Province, has come under the spotlight for its success in ending unemployment using red willow.
IFP Exclusive

Iran Leader Names 1398 ‘Year of Boosting Production’

IFP Editorial Staff -
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says “boosting domestic production” is the pivotal issue of the Persian New Year.
Economy

Why Dedicated Translation Service and Not Machine Translation Is Key to Business Growth

IFP Media Wire -
Popular search engines use machine translation to translate one language to another in seconds. But the problem with machine translation is it merely substitutes the words without really understanding the meaning behind them.
IFP Exclusive

Iran’s Exports Hit $70bn despite Sanctions: Customs Chief

IFP Editorial Staff -
Head of Iran’s Customs Administration says despite the cruel sanctions imposed by the US, the Islamic Republic’s oil and non-oil exports have reached $70 billion.
Media Wire

Iran Says to Launch Mechanism Proportionate to INSTEX

IFP Media Wire -
Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.
IFP Exclusive

Women Entrepreneurs Shining in Iran despite Sanctions

Seyedeh Maryam Hosseini Lahijani -
The “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.
IFP Exclusive

Dubai Authorities Making Investment in Caspian Shores

Emad Askarieh -
Chief of the Dubai Ports Authorities, DP World, Sultan Ahmed Bin Sulayem recently paid a visit to Kazakhstan, investing in new infrastructure projects in the Caspian Sea ports and logistics sector of the Central Asian state.
IFP Exclusive

Iran Ready to Boost Ties with China within ‘One Belt, One Road’

IFP Editorial Staff -
Iranian Minister of Economic Affairs and Finance has called for expansion of mutual ties between Iran and China in all areas within the One Belt, One Road Initiative.
IFP Exclusive

Iran, Syria Sign 18 Deals to Expand Business Ties

IFP Editorial Staff -
Iran and Syria have signed at least 18 deals as part of a larger plan to expand their trade ties amid the US unilateral sanctions on the Islamic Republic.
IFP Exclusive

Iranian, Iraqi Presidents Agree on Enhanced Trade Ties

Emad Askarieh -
Iranian President Hassan Rouhani and his Iraqi counterpart Barham Salih have called for expansion of bilateral ties between the two neighbouring states in line with the interest of both nations.
IFP Exclusive

Iran President in Iraq to Expand Mutual Trade to $20bn

IFP Editorial Staff -
Iranian President Hassan Rouhani, who is currently on a historic visit to Iraq, says Tehran and Baghdad can easily raise their mutual trade to 20 billion dollars a year.
IFP Exclusive

‘Chabahar Port Symbol of Iran-India Mutual Cooperation’

IFP Editorial Staff -
Iranian President Hassan Rouhani says the Chabahar Port in southeastern Iran, which is being developed by Indian investors, is a symbol of cooperation between Tehran and New Delhi.
IFP Exclusive

US Doubles Trade with Iran but Bans Europe, Asia: Germany

IFP Editorial Staff -
While the US companies have doubled their trade volume with Iran, Washington continues to ban the European Union firms from doing business with the country, said a senior German official.
IFP Exclusive

INSTC Members Agree to Expand North-South Transport Corridor

IFP Editorial Staff -
Member states of the International North-South Transport Corridor (INSTC) have agreed to increase the capacity of the special transport route, said Iran’s Minister of Roads and Urban Development Mohammad Eslami.
Media Wire

Europe Must Take Practical Measures to Implement INSTEX: Iran

IFP Media Wire -
Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.
IFP Exclusive

Iranians on Shopping Sprees in Run-up to New Year

IFP Editorial Staff -
Iranian people from all walks of life are going on shopping sprees as the Persian New Year is around the corner.
IFP Exclusive

Iran, India, Afghanistan Discuss Investment in Chabahar Port

Emad Askarieh -
A conference on investment in, and the development of the Iranian port city of Chabahar was recently held in Iran, bringing together investors and authorities from 35 countries.
IFP Exclusive

Tehran, Yerevan Sign Two MoUs to Boost Ties

IFP Editorial Staff -
Iran and Armenia have signed two memoranda of understanding in a Wednesday ceremony attended by President Hassan Rouhani and visiting Armenian Prime Minister Nikol Pashinyan.
IFP Exclusive

‘Iranian Women Running Economic Campaign against US Bans’

Reza Khaasteh -
Iranian Vice-President for Women and Family Affairs Massoumeh Ebtekar says women in Iran are actively engaged in an economic campaign aimed at cushioning the impact of the cruel sanctions imposed by the United States against the Iranian nation.
IFP Exclusive

Rouhani Says 3.4m Jobs Created in 5 Years, but More Needed

IFP Editorial Staff -
Iranian President Hassan Rouhani says his administration has managed to create over three million job opportunities during the past five years he’s been in office, but that’s far behind what the society needs.
IFP Exclusive

Rouhani Gov’t Denies Rumours It’s Behind Currency Hikes

IFP Editorial Staff -
The Iranian president's chief of staff has rejected rumours that this week’s hike in the value of foreign currencies in Iranian markets was planned by the government as part of efforts to meet FATF guidelines, saying the government would not “play games” with people’s livelihood.
IFP Exclusive

Iran Says Grounds Prepared for Its Membership in Eurasian Union

IFP Editorial Staff -
Despite sanctions imposed on and restrictions created for Iran's economy, arrangements for membership of the Islamic Republic in the Eurasian Economic Union have been made, said Iran's Energy Minister.
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