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 to Host First Silk Road Festival

IFP Editorial Staff -
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.
IFP Exclusive

Iran’s Beauties in Photos: Gilan Weekly Markets

Fatemeh Askarieh -
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.
IFP Exclusive

Iran Leader Urges “Decisive Decisions” to Settle Economic Difficulties

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
Media Wire

Iran Ready to Establish Joint Fund with Bulgaria

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

Iran, Russia to Ditch US Dollar in Bilateral Trade

IFP Editorial Staff -
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.
IFP Exclusive

Number of Tourists Visiting Iran Increases by 50%

IFP Editorial Staff -
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.
IFP Exclusive

Leader: Iran Will Definitely Overcome US Sanctions

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
IFP Exclusive

Iranians Selling Their Greenbacks Overnight as Rial Regains Lost Value

IFP Editorial Staff -
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.
IFP Exclusive

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

IFP Editorial Staff -
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.
Media Wire

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

IFP Media Wire -
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.
IFP Exclusive

Most Popular Side Businesses Run by Iranian Celebrities

Fatemeh Askarieh -
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.
IFP Exclusive

Iran, India Discuss Ways to Expand Economic Ties

IFP Editorial Staff -
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.
IFP Exclusive

Iran Parliament Passes FATF Bills; Expediency Council to Make Final Call

IFP Editorial Staff -
Iran’s Parliament speaker says two parliamentary bills required for Iran’s accession to the global anti-money laundering body FATF have been unanimously ratified by the Parliament after being rejected by the Guardian Council, and will soon be put to vote at the country’s Expediency Council.
IFP Exclusive

China Vows to Continue Normal Business Ties with Iran

IFP Editorial Staff -
Chinese Foreign Minister Wang Yi says his country will continue its normal economic cooperation with the Islamic Republic of Iran despite the US’ sanctions on Tehran.
IFP Exclusive

Foreign Ministry Explains Why Iran Needs to Adopt FATF Standards

IFP Editorial Staff -
The Iranian Foreign Ministry has released a statement to answer a number of frequently asked questions and concerns regarding the Islamic Republic of Iran’s engagement with the Financial Action Task Force (FATF).
IFP Exclusive

Iran Saves $540m by Decreasing Sugar Imports

IFP Editorial Staff -
An official at Iran’s agriculture ministry says the production of sugar in the country has been increased, and the Islamic Republic has managed to save $540 million this year by decreasing sugar imports.
IFP Exclusive

Iran’s Economy Grows 1.9% in April-June Quarter

IFP Editorial Staff -
Iran’s Statistics Centre says the country’s economy posted a 1.9-percent gain in the three months to June 21, 2018, exclusive of oil sales.
IFP Exclusive

Rial’s Depreciation Threatening Iran’s Border Markets

IFP Editorial Staff -
Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.
IFP Exclusive

Turkey Calls for Establishment of Joint Bank with Iran

IFP Editorial Staff -
A Turkish business official says Iran and Turkey could move to create a joint bank to facilitate economic cooperation, saying it would help the two countries achieve a $30 billion target for bilateral trade.
IFP Exclusive

New iPhones Available for Pre-Order in Iran at Astronomical Prices

IFP Editorial Staff -
Apple’s latest flagship iPhone series, XR and XS, have been put up for pre-order in Iran, but the prices are so astronomical that only the super rich can afford them!
IFP Exclusive

Iran, Turkmenistan to Boost Mutual Trade to $60b

IFP Editorial Staff -
Mahmoud Vaezi, the chief of staff of Iranian President Hassan Rouhani, says Tehran and Ashgabat are seeking to upgrade the value of their mutual economic relations to $60 billion.
IFP Exclusive

Iran Can Meet Turkmenistan’s Trade Needs: President

IFP Editorial Staff -
Turkmenistan’s President Gurbanguly Berdimuhamedow says his country is fully prepared to expand its mutual ties with its southern neighbour, the Islamic Republic of Iran, in all areas, especially in business.
IFP Exclusive

Iran, India, Afghanistan Agree to Boost Cooperation on Chabahar

IFP Editorial Staff -
The first tripartite meeting of Iran, Afghanistan, and India was held on September 11, 2018 at the level of deputy foreign ministers in the Afghan capital of Kabul.
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