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

Iranian Lawmakers Summon President amid Economic Crisis

IFP Editorial Staff -
After several failed attempts, Iranian lawmakers for the first time mustered enough votes on Wednesday to summon President Hassan Rouhani to answer their questions in coming weeks over issues related to his handling of the country’s struggling economy.
IFP Exclusive

“Iranian Government to Resolve Economic Crisis Soon”

IFP Editorial Staff -
Iran’s First Vice-President Es’haq Jahangiri says the new economic conditions in Iran will not continue and the government plans to introduce a new foreign currency package to deal with the situation.
IFP Exclusive

Gov’t under Pressure to Do More to Stop Rial’s Historic Plunge

Alireza Hashemi -
The Iranian government is under great pressure to take more steps to normalize what the Central Bank calls “unusual” economic conditions, as the country grapples with a flagging economy and the national currency slides to record lows.
IFP Exclusive

14% Rise in Iran’s Non-Oil Exports despite US Pressures

IFP Editorial Staff -
The Islamic Republic of Iran Customs Administration (IRICA) has released details of the country’s foreign trade, which show during the first four months of current Iranian year the value of Iran’s non-oil exports has risen by over $30 billion.
Media Wire

Turkey Working to Avoid Negative Impacts of US’ Sanctions on Iran

IFP Media Wire -
Turkey's Foreign Ministry says the country's officials are working to prevent Ankara from being negatively affected by the US move to re-impose nuclear sanctions against Iran in the wake of Washington's withdrawal from a historic nuclear deal signed between the Islamic Republic and the P5+1 group of countries in 2015.
IFP Exclusive

Iran Ready to Expand Business Ties with D-8 States: FM

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and the Secretary General of the D-8 Organization for Economic Cooperation, Dato’ Ku Jaafar Ku Shaari, sat for talks on bilateral relations in Tehran.
IFP Exclusive

“EU Allocates $80 Billion Credit to Cooperation with Iranian Firms”

IFP Editorial Staff -
Vice-President of the Iranian Chamber of Commerce says the EU has allocated a huge amount of credit to facilitating trade between Iranian and European small and medium-sized enterprises.
IFP Exclusive

“Iran’s Power Cuts Not Linked with Paris Climate Agreement”

Alireza Hashemi -
An Energy Ministry official has rejected claims by opponents of the Rouhani administration that the recent power shortage across the country is a result of Iran’s fulfilment of its obligations under the Paris Climate Agreement.
IFP Exclusive

Iran Mulling over Use of Crypto-Currencies to Evade US Sanctions

IFP Editorial Staff -
A senior Iranian lawmaker says digital currencies are among the major mechanisms which the Islamic Republic can use to evade the US sanctions, and the Parliament will soon discuss the issue.
IFP Exclusive

Iran Leader Discusses Economic Woes with President, Cabinet

IFP Editorial Staff -
Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has summoned President Hassan Rouhani and his cabinet members to discuss ongoing economic woes.
IFP Exclusive

Erdogan: Turkey Set to Do Trade with Iran Using National Currencies

IFP Editorial Staff -
The Turkish president says his country is determined to conduct trade with Iran, Russia and China using national currencies.
IFP Exclusive

Legislation Watchdog Rejects FATF Amendments to Iran’s CTF Law

IFP Editorial Staff -
The spokesman for Iran’s Guardian Council said the body has rejected the parliament’s legislation amending Iran’s Counter Terrorist Finance law in accordance with standards set by the global anti-money laundering body, Financial Action Task Force.
IFP Exclusive

Iran Says US Sanctions Great Opportunity for Domestic Producers

IFP Editorial Staff -
Iran’s President Hassan Rouhani says the US sanctions could be an opportunity for Iranian producers to increase their output to meet local demand.
IFP Exclusive

“Saudis Collected 3.5 Million Gold Coins from Iran Market”

IFP Editorial Staff -
An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran and transfer them to Iraq in a bid to disrupt the Islamic Republic’s economy.
IFP Exclusive

“Iran Must Form Consortium with Russia, China, India to Resist US Sanctions”

IFP Editorial Staff -
Conservative newspaper Kayhan has called on the Iranian government to stop relying on the West and form a consortium with Russia, India and China as an alternative to cope with the West’s economic pressure.
IFP Exclusive

Afghan Immigrants Leaving Iran after Devaluation of Iranian Currency

IFP Editorial Staff -
A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent decline in the value of the Iranian national currency, arguing that it’s no more cost-efficient to work in the country.
IFP Exclusive

Iran Dismisses Claim Germany Holding Its Assets

IFP Editorial Staff -
Iranian Foreign Ministry Spokesman Bahram Qassemi has rejected the baseless claim that Germany has blocked parts of the Islamic Republic’s financial assets.
IFP Exclusive

‘Sultan of Gold Coins’ Arrested in Tehran

IFP Editorial Staff -
Iranian police forces have arrested a man who had hoarded about two tonnes of gold coins over a period of 10 months.
IFP Exclusive

Tehran, Bern Sign Several MoUs in Switzerland

IFP Editorial Staff -
Iran and Switzerland signed a number of Memorandums of Understanding on Tuesday to expand their mutual relations in various areas.
IFP Exclusive

Two Options Left for Rouhani: Resignation or Cabinet Reshuffle

Alireza Hashemi -
With discontent among Iranians over economic hardships on the rise and protests breaking out against the government over a plunge in people’s purchasing power, the performance of the Cabinet has come to the spotlight.
Economy

“Anti-Iran Sanctions, Chance to Boost Local Brands”

IFP Editorial Staff -
Iran’s minister of cooperatives, labour and social welfare says the US sanctions are an opportunity for Iran to revive its domestic brands.
IFP Exclusive

Top Iranian Entrepreneurs Rewarded at “National Brand, National Might” Congress

IFP Editorial Staff -
The most successful business firms and entrepreneurs were rewarded in a ceremony held in Tehran on Monday.
IFP Exclusive

Iran Leader Urges Judiciary to Prosecute Those Disrupting Economy

IFP Editorial Staff -
The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the country’s Judiciary to take serious measures against those who disrupt the country’s economic security.
IFP Exclusive

Iranian MPs Push for Cabinet Reshuffle amid Devaluation of National Currency

IFP Editorial Staff -
A huge number of parliamentarians sent an open letter to President Hassan Rouhani calling on him to immediately reshuffle his Cabinet to control a dramatic decline in the value of rial that has depressed markets in recent days.  
IFP Exclusive

Iranshahr Market; A Bazaar Well-Known for High-Quality Fabrics

IFP Editorial Staff -
The market of Iranshahr, a city in Sistan and Baluchestan Provonce, is a hot tourist attraction in south-eastern Iran.
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