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

‘Chabahar Attack Aimed at Hampering Foreign Investment’

IFP Editorial Staff -
An Iranian official says the recent terrorist attack in the port city of Chabahar in southeastern Iran was plotted by the enemies of Iran which seek to hamper foreign investment in Iran’s Makran coasts.
IFP Exclusive

Iran Dispatching Workers to Australia, Canada, Denmark

IFP Editorial Staff -
Iran is dispatching skilled workers to Australia, Canada, Oman, Turkey and Denmark, and has established five support centres in these countries for the workforce, a top official said.
IFP Exclusive

ICA Says Resolved to Facilitate Iran’s Trade Ties with World

IFP Editorial Staff -
The chairman of the Asia-Pacific region of International Co-operative Alliance (ICA) says the alliance is seeking to stand by Iran amid the unilateral sanctions imposed on the county and do whatever in its power to facilitate Iran’s trade ties with the outside world.
IFP Exclusive

Iran Urges UK to Settle Its Outstanding Debts

IFP Editorial Staff -
Iran’s Judiciary chief says countries such as Britain are indebted to Iran as they received money in return for weapons before the 1979 Islamic Revolution and must now repay the long overdue debts.
IFP Exclusive

Forex Rates to Keep Going Down in Coming Days: Iran

IFP Editorial Staff -
The Governor of the Central Bank of Iran Abdolnaser Hemmati says the rates of foreign currencies in the Iranian market will continue to decline in coming days.
IFP Exclusive

‘Iran, China to Resume Banking Ties in Coming Days’

IFP Editorial Staff -
An Iranian official says problems with Iran-China banking relations have been resolved and financial transactions will be resumed as of this weekend, when Beijing will restart its oil imports from the Islamic Republic.
IFP Exclusive

‘Foreign Banks Being Connected to Iranian Alternative to SWIFT’

IFP Editorial Staff -
Iran’s Central Bank says a financial mechanism is being developed to replace SWIFT system for transactions with Iran, and foreign banks are gradually joining the new system, known as SEPAM, to conduct financial transactions with the Islamic Republic.
IFP Exclusive

‘Italian Businesses, Entrepreneurs Keen to Work with Iran’

IFP Editorial Staff -
Dozens of Italian businesspeople and entrepreneurs on Thursday attended a business meeting of Iran-Italy Joint Chamber of Commerce and the General Confederation of Italian Industry in the Italian capital of Rome, and were briefed on business opportunities in Iran.
IFP Exclusive

Tehran, Baghdad to Increase Bilateral Trade Value to $20bn

IFP Editorial Staff -
Iranian President Hassan Rouhani says Tehran and Baghdad are determined to raise the value of their bilateral trade to $20 billion per year, from the current $12 billion.
Media Wire

Gold, Forex Rates Decrease in Iran despite US Sanctions

IFP Media Wire -
Market figures in Iran show the prices of the US dollar and gold – two key drivers of consumer prices - have been declining over the past week in what is seen as a clear defiance against earlier predictions that sanctions could trigger a price shock in the country.
IFP Exclusive

Iranian Diplomat in Italy to Pursue Efforts to Save Iran Deal

IFP Editorial Staff -
Iranian Deputy Foreign Minister Seyyed Abbas Araqchi has travelled to the Italian capital Rome to hold talks on Europe’s special payment mechanism, known as Special Purpose Vehicle (SPV), which is aimed at enabling Iran to enjoy the economic benefits of the Iran nuclear deal.
Media Wire

Iran Executes ‘Sultan of Coins’ for Financial Corruption

IFP Media Wire -
Iran executed two financial criminals who had hoarded two tons of gold coins in order to agitate the country’s gold market.
Media Wire

Iran’s Chabahar Port Exempted from US Sanctions

IFP Media Wire -
The United States has approved a sanctions exemption for Iran’s southeastern port city of Chabahar, citing Afghanistan’s economy.
IFP Exclusive

Iran FM Due in Turkey to Attend D-8 Ministerial Summit

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif is set to leave Tehran for Turkey today to attend a ministerial meeting of the D-8 Organization for Economic Cooperation.
IFP Exclusive

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

Aveek Sen -
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.
Americas

Five Reasons Why Trump’s Iran Sanctions Will Fail

IFP Editorial Staff -
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.
IFP Exclusive

Iran to Trade Partners: Think Twice before Fearing US Sanctions

IFP Editorial Staff -
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.
IFP Exclusive

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

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

Iran Starts Direct Sale of Crude Oil through Energy Bourse

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

IRGC Sells Its Shares in Iran’s Largest Telecom Firm

IFP Editorial Staff -
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.
IFP Exclusive

Iran Hosts Conference on Economic Diplomacy

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

European Firms Returning to Iran under New Names: Austria

IFP Editorial Staff -
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
IFP Exclusive

Iranian Schools Exempted from Paying Water, Power, Gas Bills

IFP Editorial Staff -
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.
Media Wire

Iran Leader Calls for Upgrading 50-Year Paradigm of Progress

IFP Media Wire -
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.
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