Economy

Iran’s Chabahar Port to Play Key Role in Future Economy of Region

Iran, Afghanistan, and India believe the Chabahar port in south-east of Iran, which is being developed by Indian investors, will play a vital role in the future economy of region, particularly in that of the crisis-hit Afghanistan.

Five Reasons Why Trump’s Iran Sanctions Will Fail

The next round of economic sanctions on Iran, which will start going into effect on Nov. 4, will mainly target the country’s oil and gas industries. These sanctions were eased after the 2015 signing of the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, but are being phased back in following President Donald Trump’s decision to withdraw from the accord six months ago.

Iran to Trade Partners: Think Twice before Fearing US Sanctions

Iran’s President Hassan Rouhani has urged the country’s trade partners to think twice before fearing the US sanctions, saying Washington’s pressures are temporary while Tehran’s relations with its trade partners are permanent.

Tehran Raps US’ Resort to Economic Terrorism in Anti-Iran Psywar

Iran’s Foreign Ministry Spokesman Bahram Qassemi says the United States seeks to launch a war of nerves against Iranians through economic pressure.

Iran Starts Direct Sale of Crude Oil through Energy Bourse

Iran has started supplying its crude oil to the private sector through its energy bourse, a local market which provides Iranian and foreign tradesmen with a chance to purchase Iran’s crude oil and export it to the international markets.

Iran Blasts US Diplomat’s Efforts to Scare Off UK Firms

Iran’s ambassador to the United Kingdom has, in a tweet, taken a jab at his American counterpart for his efforts to dissuade British companies from doing business with Tehran.

IRGC Sells Its Shares in Iran’s Largest Telecom Firm

An IRGC unit in charge of the body’s economic operations announced on Wednesday it has left Iran’s telecommunications industry, after selling its share in a consortium controlling Iran’s top telecoms companies and biggest mobile phone operator.

Iran Hosts Conference on Economic Diplomacy

The Iranian capital Tehran on Sunday hosted a national conference called “New Methods for Advancing Economic Diplomacy with Emphasis on Development Cooperation”.

European Firms Returning to Iran under New Names: Austria

The Austrian ambassador to Tehran says the European companies’ withdrawal from Iran over the US sanctions was temporary, and they are returning to the country under new names

Iranian Schools Exempted from Paying Water, Power, Gas Bills

The Iranian government has officially exempted all schools from paying water, power, and gas bills in a bid to decrease the money parents are required to pay in order to enroll their children.

Iran Leader Calls for Upgrading 50-Year Paradigm of Progress

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei asked Iranian elites and experts for their consultative opinion on various aspects of the Islamic-Iranian Paradigm of Progress in order to upgrade the document which defines a roadmap for the next 50 years.

Iran to Host First Silk Road Festival

The Iranian capital of Tehran is to host the first edition of Silk Road festival as one of the largest international, cultural, artistic, tourist, economic, trade and scientific festivals in the world.

Iran’s Beauties in Photos: Gilan Weekly Markets

The weekly markets of Gilan province in northern Iran have a long history as the first cities and towns of the province in the south of the Caspian Sea were formed based on weekly markets.

Iran Leader Urges “Decisive Decisions” to Settle Economic Difficulties

Ayatollah Seyyed Ali Khamenei , the Leader of Iran’s Islamic Revolution, has ordered top officials to take “decisive decisions” to handle key challenges facing the country’s economy, including a plunge in the value of national currency.

Europe’s Banking Mechanism to Help Expand Iran Foreign Trade: UK

The British ambassador to Iran says the special mechanism the EU is working to create to facilitate trade with Iran can also be used by other countries, protecting Iran from efforts by the US to hamper its Asia and Europe trade.

Iran Ready to Establish Joint Fund with Bulgaria

Iranian Parliament Speaker Ali Larijani called for setting up a joint fund with Bulgaria to boost bilateral trade interaction.

Iran, Russia to Ditch US Dollar in Bilateral Trade

Governor of the Central Bank of Iran Abdolnasser Hemmati says Tehran and Moscow are seeking to carry out transactions using their national currencies, gradually ditching dollar and other currencies in their trade relations.

Number of Tourists Visiting Iran Increases by 50%

A senior Iranian official says the number of tourists who visited Iran in the first six months of the current Iranian year (started March 21) rose by 51 percent compared to the same period in the past year, and that cheap prices is expected to lure more tourists.

Leader: Iran Will Definitely Overcome US Sanctions

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the country will definitely foil the enemy’s economic plot and overcome the sanctions through unity.

“What’s ISIS Doing within Three Miles of US Forces in Syria,” Iran Asks

A senior Iranian security official has rejected US objection that Iran’s firing of missiles on ISIS positions in Syria has endangered US troops in Syria, asking what they were doing within three miles of terrorists in the region.

Iranians Selling Their Greenbacks Overnight as Rial Regains Lost Value

Huge crowds of people are seen in viral photos and videos flocking to foreign currency markets on Monday night to sell their US dollars as its rate went on a downhill spiral and experienced a historic plunge of over 20 percent in a few hours.

Iran Says Close to Deal with EU, Russia, China on Financial Mechanism

Iran’s Foreign Ministry Spokesman Bahram Qassemi says Tehran is closing in on reaching a mutual understanding with Europe, Russia and China regarding different issues including the European financial mechanism.

Three Sentenced to Death for Economic Corruption: Iran’s Judiciary

Iran's judicial officials have handed down death sentences to three people convicted of economic corruption amid an intense anti-corruption campaign launched by the Iranian government to tackle soaring economic problems currently nagging the country.

Most Popular Side Businesses Run by Iranian Celebrities

Either for gaining more income or just for the sake of personal interest, celebrities in Iran – from football players to actors – nowadays have second jobs in various economic fields.

Iran, India Discuss Ways to Expand Economic Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed ways to expand mutual economic ties between the two sides in a Wednesday meeting in New York.

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