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

Lalejin; A World Craft City with Zero Unemployment Rate

IFP Editorial Staff -
The city of Lalejin in Iran’s Hamadan province is globally known for its pottery, and this has helped the World Craft City to decrease its unemployment rate to almost zero.
IFP Exclusive

Forex Offices Allowed to Import Foreign Currencies to Iran

IFP Editorial Staff -
The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
IFP Exclusive

Iranian MPs to Review Bill on Iran’s CFT Accession

IFP Editorial Staff -
The Iranian parliament is to review a bill on Iran’s accession to Combating the Financing of Terrorism (CFT), which was earlier proposed by the government as part of measures to adopt the standards set by the Financial Action Task Force (FTAF).
Economy

Tehran, Moscow, Ankara Agree to Ditch US Dollar in Trade

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) says important agreements have been reached with Russia and Turkey on oil sales and ditching the US dollar in bilateral trade.
IFP Exclusive

Iran’s Private Firms Called on to Partake in Syria’s Reconstruction

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and Syrian Prime Minister Imad Khamis have discussed the stronger role of Iranian companies in the reconstruction of the war-torn Arab state.
IFP Exclusive

“US Resolved to Topple Iran Ruling System through Economic War”

IFP Editorial Staff -
Iranian ambassador to the United Kingdom says the US’ all-out economic war against Iran is aimed at overthrowing the Islamic Establishment through fomenting public dissatisfaction.
IFP Exclusive

UK Minister in Tehran to Discuss Business Ties despite US Bans

IFP Editorial Staff -
Iran and Britain are slated to hold a new round of bilateral talks in the Iranian capital Tehran on September 1, defying the US sanctions re-imposed by the Trump administration.
IFP Exclusive

Iran to Dispatch Skilled Workforce to UK, Germany

IFP Editorial Staff -
A senior official says skilled Iranian workforce will be dispatched to Germany and the United Kingdom as part of deals signed with the European countries.
IFP Exclusive

Iran Developing National Blockchain Platform

IFP Editorial Staff -
An Iranian central bank official says the country is working to create its homegrown, seamless blockchain platform, which will enable the country to create a money transfer network involving Iran and its allies.
IFP Exclusive

Iran Calls for Opening Joint Shipping Line with Qatar

IFP Editorial Staff -
Iranian President Hassan Rouhani has called for further expansion of relations with Qatar, especially by launching a joint shipping line between the two Persian Gulf states.
IFP Exclusive

Iran’s Economy Minister Sacked by Parliament

IFP Editorial Staff -
Iran’s Minister of Economic Affairs and Finance Masoud Karbasian could not survive an impeachment by the Iranian Parliament and will have to leave his office.
IFP Exclusive

Rouhani Optimistic Iran Could Overcome Existing Challenges

IFP Editorial Staff -
The Iranian president says his government is determined to handle challenges the nation is facing, and he is optimistic the country will succeed in foiling hostile plots, just like the way it managed to discredit nuclear allegations against Iran.
IFP Exclusive

US Still Top Importer of Persian Rugs despite Sanctions

IFP Editorial Staff -
The United States is still the main importer of Iranian carpets despite the sanctions it has imposed on the country’s economy.
IFP Exclusive

Iran Chamber of Commerce Says Tehran Must Join FATF

IFP Editorial Staff -
Iran’s Chamber of Commerce has urged the Rouhani administration to join the Financial Action Task Force (FATF), an international body which develops policies to combat money laundering.
IFP Exclusive

Scorpion Poison Trade: An Emerging Lucrative Business

IFP Editorial Staff -
The trade of scorpion venom has turned into one of the most lucrative emerging businesses in Iran, tempting many opportunists to get engaged in hunting or farming scorpions.
IFP Exclusive

“FDD Plotting to Depreciate Value of Turkish Lira”

IFP Editorial Staff -
A complicated plot hatched by the Foundation for Defence of Democracies (FDD) and the funds provided by the UAE and Saudi Arabia have been at work to decrease the value of the Turkish national currency, a media report claims.
IFP Exclusive

Saudi Tourists Flocking to Turkey’s Shops amid Lira Plunge

IFP Editorial Staff -
Tourists from Saudi Arabia and other regional countries are flocking to high-end shops in Turkey, as a historic plunge in the value of the country’s national currency has made prices extremely affordable for foreigners.
IFP Exclusive

Turks Break iPhones into Pieces in Response to Erdogan’s Call

IFP Editorial Staff -
A number of Turkish citizens have broken their iPhones into pieces in response to a call by President Recep Tayyip Erdogan to boycott US electronics amid escalating tensions between Ankara and Washington.
IFP Exclusive

Mismanagement, Not Sanctions, Main Cause of Iranian Currency Devaluation: Leader

IFP Editorial Staff -
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the country, saying the internal factor has been much more effective than external ones like sanctions.
Media Wire

Iran Leader Urges “Swift, Just” Prosecution of Those Involved in Economic Corruption

IFP Media Wire -
In response to a letter by Head of Iran's Judiciary Branch, seeking permission to take special measures in order to confront economic corruption, the Leader of the Islamic Revolution approved the request and called for “swift and just” legal action against economic corruption.
Media Wire

Swiss Companies Urged to Keep Doing Business with Iran

IFP Media Wire -
The Swiss government has promised to defend the economic interests of its companies that are active in Iran and would be targeted by renewed US sanctions, recommending that they go on with their business in the Islamic Republic.
IFP Exclusive

Return of US Sanctions Real Chance for Economic Modernization: Iran

IFP Editorial Staff -
Iran’s Parliament Speaker Ali Larijani says the snapback of US sanctions could be a good chance for renovating the Iranian economy, if the Iranian people decide to stand on their own feet and move to boost domestic production.
IFP Exclusive

Iran Unveils New Policies to Restore Calm to Forex Market

IFP Editorial Staff -
Abdolnasser Hemmati, the newly-appointed governor of Iran’s Central Bank, unveiled a package of measures to rein in the recent turbulence in foreign currency market in Iran.
IFP Exclusive

Arab Pilgrims Exchanging Currencies in Iranian Streets

IFP Editorial Staff -
The three-month closure of currency exchange offices in the holy city of Qom in central Iran has prompted many ordinary people and even foreign pilgrims to turn to the city’s streets to exchange their money and even earn a livelihood.
IFP Exclusive

Rouhani to Appear before Parliament to Reveal “Truths” behind Economic Crisis

IFP Editorial Staff -
Iranian President Hassan Rouhani has decided to go to the Parliament to respond to the lawmakers’ questions about the Iranian economy, planning to use the opportunity to reveal “truths” behind the country’s conditions.
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