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’s FM to Travel to India to Deepen Ties

IFP Editorial Staff -
Iran’s foreign ministry spokesman Bahram Qassemi says the Foreign Minister of the Islamic Republic Mohammad Javad Zarif will visit India on Monday January 7, at the head of a high-level political and economic delegation.
IFP Exclusive

CBI Offers to Lop Four Zeroes Off National Currency

IFP Editorial Staff -
The governor of the Central Bank of Iran says the body has submitted a proposal to the government to remove four zeroes from the national currency, reviving a shelved plan to keep up with rampant inflation.
IFP Exclusive

Iran Bans Advertisement of Foreign Goods

IFP Editorial Staff -
Iranian lawmakers have approved a new law banning any advertisement of foreign products with the goal of supporting domestic production.
IFP Exclusive

Iran’s Expediency Council Ratifies Second FATF-Related Bill

IFP Editorial Staff -
Iran’s state arbitration body has approved a bill to amend Iran’s anti-money laundering law in compliance with the Financial Action Task Force guidelines, pushing Iran closer to meeting the requirements for getting out of the global standard setter’s black list.
IFP Exclusive

Is CBI Preparing to Lop Four Zeroes Off National Currency?

IFP Editorial Staff -
A new banknote unveiled by Iran’s CBI on Tuesday has fueled rumours the government is preparing to remove four zeros from the Iranian currency, rial.
IFP Exclusive

‘Iran, Syria’s Top Priority in Reconstruction Projects’

IFP Editorial Staff -
The Syrian ambassador to Tehran says Damascus gives priority to Iran when it comes to the reconstruction of the war-torn country.
IFP Exclusive

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

IFP Editorial Staff -
Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.
Media Wire

Iran Oil Revenues Decreased 28 Percent in New Budget Proposal

IFP Media Wire -
The state budget for the new Iranian year starting on March 21 assumes $21 billion of oil revenues, about 28 percent lower than this year's budget, Government spokesman Mohammad Reza Nobakht has said.
IFP Exclusive

‘European Firms Planning to Establish Trade Ties with Iran’

IFP Editorial Staff -
An official says although the European mechanism to keep economic ties with Iran despite US sanctions has not yet been implemented, a number of European firms have contacted Iranian officials to plan to establish business ties with the country.
IFP Exclusive

Iranian President Submits Budget Bill to Parliament

IFP Editorial Staff -
Iran’s President Hassan Rouhani has appeared before lawmakers on Tuesday to submit an annual budget of $47.5 billion for the next Iranian calendar year (to start on March 21).
IFP Exclusive

Knowledge-Based Activities Make Iran Resistant to Sanctions: VP

IFP Editorial Staff -
Iran’s vice president says knowledge-based economy makes the country resistant to sanctions.
IFP Exclusive

Iranian, Turkish Presidents Explore Grounds for Closer Trade Ties

IFP Editorial Staff -
Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan have explored avenues for expanding business cooperation in a meeting in Ankara on Thursday.
IFP Exclusive

‘Finnish Firms Waiting for EU’s SPV to Do Business with Iran’

IFP Editorial Staff -
Finland says its small- and medium-sized companies are still interested in promoting their business cooperation with Iran, but are waiting for the European Union to establish its special payment mechanism, known as Special Purpose Vehicle (SPV), to facilitate trade with Iran under the US bans.
IFP Exclusive

Iranians Getting Prepared to Celebrate Yalda Night

IFP Editorial Staff -
Yalda is the longest night of the year in the Iranian calendar, during which Iranians celebrate winter solstice along with their families.
IFP Exclusive

IOSCO Promotes Iran’s Membership Status

IFP Editorial Staff -
The International Organization of Securities Commissions has promoted the membership status of Iran’s Securities and Exchange Organization.
IFP Exclusive

Iranian Rial Regains Lost Value as Forex Market Returns to Stability

Alireza Hashemi -
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.
IFP Exclusive

Tehran Hosting Organic Food Fair ahead of Yalda Night

Fatemeh Askarieh -
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.
IFP Exclusive

Erdogan Calls for Promotion of Trade with Iran

IFP Editorial Staff -
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.
IFP Exclusive

President Rouhani under Fire for FATF Remarks

IFP Editorial Staff -
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.
IFP Exclusive

US Sanctions Failed to Disrupt Iranian Economy: Rouhani

IFP Editorial Staff -
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.
IFP Exclusive

Iran VP in South Africa to Boost Scientific Cooperation

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

India to Remain in Chabahar despite Suicide Attack: Iran

IFP Editorial Staff -
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.
Media Wire

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

IFP Media Wire -
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.
IFP Exclusive

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

IFP Editorial Staff -
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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