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 Parliament Allows Gov’t to Get $5 Billion Loan from Russia

IFP Editorial Staff -
The Iranian parliament has extended a licence allowing the government to receive a total of $5 billion loan from Russia for infrastructure projects.
IFP Exclusive

‘Seoul Keen to Keep Good Ties with Tehran despite Sanctions’

IFP Editorial Staff -
South Korean Foreign Minister Kang Kyung-wha has expressed her country’s willingness to maintain its friendly relations with the Islamic Republic of Iran despite the anti-Iran pressures.
IFP Exclusive

Iran Gov’t Urges Quick Approval of FATF as Deadline Approaches

IFP Editorial Staff -
A senior government official has argued for quick approval of two parliamentary bills required for Iran to get out of the blacklist of the global anti-money laundering body (FATF), saying Iran should not put its foreign relations at risk at a time when the US is bent on hurting the country’s foreign relations.
IFP Exclusive

Foreign Ministry Explains Why Iran Not Invited to FATF Meeting

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi has reacted to media reports about the reason why Iran has not been invited to attend an upcoming meeting of the Financial Action Task Force (FATF) in Paris.
Media Wire

Iran Signs MoU with Russia, Kazakhstan for Free Trade

IFP Media Wire -
Russia, Kazakhstan and Iran have signed a memorandum of understanding for cooperation in wheat trading, taking another step towards setting up a free trade zone.
IFP Exclusive

Iran’s Economy to Undergo Structural Changes upon Leader’s Order

IFP Editorial Staff -
A senior lawmaker says Iranian officials will in coming weeks start debating a structural shakeup of the economy, which had been stressed by Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.
Media Wire

Iraq Allows Iranian Traders to Open Accounts in Its Banks

IFP Media Wire -
Iranian traders can open accounts with Iraqi banks to carry out their transactions under a new payment system between the two countries, Iran's central bank governor Abdolnaser Hemmati said Wednesday.
IFP Exclusive

Iran Welcomes Implementation of Europe’s Financial Mechanism

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi says Tehran welcomes the EU’s announcement of its special financial mechanism for trade with Iran, but considers it as a first step that should be followed by quicker implementation of other commitments.
IFP Exclusive

‘US Exit of Nuclear Deal Makes Tehran Hesitant Regarding FATF’

IFP Editorial Staff -
The US withdrawal from the 2015 Iran nuclear deal, for which Iran made lots of concessions, conjures up "bitter memories" that makes Iran undecided to give further concessions to anti-money laundering and terrorism laws, a former MP and political analyst said.
IFP Exclusive

Shipping Line Between India and Chabahar Port Established

IFP Editorial Staff -
The first Indian cargo entered Chabahar’s Shahid Beheshti Port on Sunday, formally establishing shipping lines between India’s port and the strategic Iranian port.
IFP Coverage

Japanese Firms Continue Purchasing Iranian Oil as Tokyo Says Crude Imports Untouched

IFP Editorial Staff -
The Japanese firm Cosmo Oil has become the latest Japanese refiner to start loading crude oil cargo from Iran, as Japanese Officials vow crude imports from Iran will be untouched despite US sanctions.
IFP Exclusive

Iran’s Not Joining FATF Detrimental: Official

IFP Editorial Staff -
A senior Iranian official says if Iran does not join the Financial Action Task Force (FATF) that would mean the country will be deprived of selling oil, even to China.
IFP Exclusive

‘EU Could Show Good Faith by Running Bank to Keep Ties with Iran’

IFP Editorial Staff -
An Iranian lawmaker says the EU decision to launch a special financial mechanism to keep trade ties with Iran despite US sanctions was not made in a good-faith gesture.
IFP Coverage

Can Iran Survive US Sanctions on Trade?

IFP Media Wire -
As Iran appears to have a difficult year ahead with the “harshest-ever” sanctions imposed by the Trump administration, the question that everyone is asking is can Tehran survive the US bans?
IFP Exclusive

Switzerland Runs Payment Channel for Iran Drug Trade

IFP Editorial Staff -
The Swiss government has finalised an independent payment mechanism for trade with Iran, which could be used to import drug and grain to the country.
IFP Exclusive

Iranian Firm Ready to Develop Chabahar’s Second Phase

IFP Editorial Staff -
An IRGC-affiliated firm has announced readiness to develop the second phase of Chabahar port in southern Iran.
IFP Exclusive

Japan Begins Importing Oil from Iran: CBI Governor

IFP Editorial Staff -
Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.
Media Wire

Int’l Energy Exhibition to Start in Iran’s Persian Gulf Island

IFP Media Wire -
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
IFP Exclusive

Iran, Iraq to Raise Trade Volume to $20 Billion

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Tehran and Baghdad can increase annual trade volume to 20 billion dollars and if the ground is prepared, the Islamic Republic is ready to proudly share its achievements in energy, engineering, agriculture and trade areas with the Iraq.
IFP Exclusive

Works of Art Fetch Over $3m at Tehran Auction

Fatemeh Askarieh -
Items at an auction in the Iranian capital, Tehran, have sold for a record of over three million USD.
IFP Exclusive

Every Day Several Clients Ask to Buy Iran’s Oil: Official

IFP Editorial Staff -
Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.
IFP Exclusive

US-China Trade War Offers Iran Ample Opportunities to Circumvent US Sanctions

IFP Editorial Staff -
The escalating trade war between the US and China could in many ways benefit Iran, which has been a victim of US punitive measures just like China, a report published by Fararu news website reads.
IFP Exclusive

Iran Not to Wait for Europeans: Zarif

IFP Editorial Staff -
Iran’s foreign minister says the country will not wait for the Europeans and will work with its traditional partners.
IFP Exclusive

Iranian Official Hopeful Ditching Dollar Boosts Iran-India Trade

IFP Editorial Staff -
An Iranian official expressed hope plans to ditch dollar in bilateral trade between Iran and India would soon go into effect, allowing the two countries’ private sector companies to cooperate to realize a trade target of $30 billion.
IFP Exclusive

Iran Reliable Supplier of Oil for India: FM Zarif

IFP Editorial Staff -
Iran’s foreign minister says the country has always been, and will remain a reliable supplier of petroleum for India.
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