Economy

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

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.

Afghan Immigrants Leaving Iran after Devaluation of Iranian Currency

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.

Iran Dismisses Claim Germany Holding Its Assets

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

‘Sultan of Gold Coins’ Arrested in Tehran

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

Tehran, Bern Sign Several MoUs in Switzerland

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

Two Options Left for Rouhani: Resignation or Cabinet Reshuffle

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.

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

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

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

The most successful business firms and entrepreneurs were rewarded in a ceremony held in Tehran on Monday.

Iran Leader Urges Judiciary to Prosecute Those Disrupting Economy

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.

Iranian MPs Push for Cabinet Reshuffle amid Devaluation of National Currency

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.  

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

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

Calm Restored to Bazaar of Tehran after “Guild-Related” Protests

The Secretary general of the Islamic Society of Tehran Guilds and Bazaar says calm has returned to the Grand Bazaar of Tehran after a few hours of guild-related protests earlier today.

Iran Ready to Launch Joint Iranian-Syrian Bank

Governor of the Central Bank of Iran Valiollah Seif says Tehran is keen and prepared to launch a joint bank with Syria as part of its policy of expanding business ties with Damascus.

Iran Vows to Stand by Syria during Reconstruction Era

Es’haq Jahangiri, Iran’s First Vice President, says the Islamic Republic will continue to stand by the Syrian government and nation during their reconstruction era.

French Firms Can’t Stay in Iran, Minister Says

France’s finance minister says Europe has to build independent financial institutions immunized from US penalties which are making business in Iran impossible for European companies.

Iran’s Exports to US Increase by 450 Percent

New figures reveal that the volume and value of Iran’s exports to the US has increased by 450 percent and 333 percent respectively.

Enemy Plotting to Exert Economic Pressure to Disappoint Iranians: Leader

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the enemies’ major conspiracy is to put Iranian people under economic pressure to frustrate them.

MP Calls for Punishment of Foreign Firms Leaving Iran

A member of Iranian Parliament Economic Commission says the foreign companies which have decided to leave Iran in the wake of the US withdrawal from the Iran nuclear deal should be punished.

Iran President Issues Orders to Push Down Soaring Prices

Iran’s President Hassan Rouhani has ordered relevant organizations to adopt appropriate measures to push down the soaring prices of goods in the country.

IRGC’s Construction Base Ready to Work with Foreign Investors

The commander of Khatam al-Anbia Construction Base says the IRGC-affiliated conglomerate is prepared to work with foreign investors who are willing to fund Iranian construction projects.

Iran, China to Use National Currencies in Trade Transactions

The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.

Tehran, New Delhi Set to Boost Strategic Ties

Iranian President Hassan Rouhani and his Indian counterpart Narendra Modi have sat for talks on promotion of all-out ties between the two countries.

Foreign Investment in Iran Soared by 49 Percent in 2017

The latest annual report of the United Nations Conference on Trade and Development said Iran has managed to attract over $5 billion in direct foreign investment, showing a 49 percent increase compared with 2016.

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.

Iran, India Resolved to Expand Ties despite US Sanctions

Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.

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