Economy

Iran’s Former Economy Minister Wins Prestigious Lee Kuan Yew Prize

Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.

Iran Starts Exporting Caviar to US after 25 Years

An Iranian official says the ban on Iran's caviar exports to the US has been lifted after 25 years, stressing that 10 kilogrammes of farmed caviar has been exported to America last year.

Iran Parliament Passes Rouhani’s Budget Bill after Amendments

Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.

Iran, China to Boost Trade Ties via Silk Road

Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.

“Iran Signs Over $40bn Worth of MoUs after Nuclear Deal”

Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.

Iran Leader Allows Gov’t to Withdraw $4 Billion from National Development Fund

Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.

Unemployment Rate Down, Economic Growth Rate Up in Iran

Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.

Iran Calls for Expansion of Business Ties with Belarus

Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari says the Islamic Republic’s relations with Belarus is at a good level, but economic ties should be developed alongside political ones.

Iran, Iraqi Kurdistan Call for Closer Trade Ties

Iran’s President Hassan Rouhani and the Iraqi Kurdistan region’s Prime Minister Nechirvan Barzani have urged the private sectors of both sides to take part in mutual development projects.

Iran’s 7-Month Industrial Exports Jump by 3.3%

Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.

Iran Signs $2 Billion Rail Deal with India

Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said.

Iran Calls for Promotion of Banking Ties with Chile

Iranian Foreign Minister Mohammad Javad Zarif has met the first Chilean ambassador to Tehran since the 1979 Islamic Revolution in Iran.

Iranian Minister Apologizes over Social Media Restrictions

Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi has offered apology to those whose jobs have been interrupted due to the recent “temporary” restrictions on certain social media.

Rouhani Vows to Tackle Livelihood Problems as Top Priority

president Hassan Rouhani said improving the economic situation of Iranians tops the agenda of his government, in an attempt to appeal to the public, which has grown increasingly critical of his economic performance.

China Calls for Transit Link between Pakistan’s Gwadar, Iran’s Chabahar

Iran says it has received a request from China to establish a connection between Pakistan’s Gwadar port - which Chinese companies are developing - and Iran’s southeastern port of Chabahar.

Iran Exports Handmade Carpets to 78 Countries

An Iranian official says over the past two years, Iran has exported hand-woven carpets to 78 countries across the world.

Iran Parliament Okays $50bn in Financing for Next Year’s Budget Bill

Iranian parliamentarians have given the go-ahead to “financing” sources of income proposed by the government in next fiscal year’s budget bill.

Iran, Qatar to Boost Banking Relations

Iran and Qatar are making arrangements to enhance their banking relations and remove obstacles to the promotion of mutual banking cooperation.

300% Increase in Departure Tax Sparks Controversy in Iran

The sharp rise in departure tax, proposed to the parliament in the budget bill for the next fiscal year (starting March 21, 2018), is in part aimed at encouraging the public to opt for domestic trips, but travel experts and officials deem it unattainable.  

Grand Carpet Bazaar: Old Market in Heart of Tehran

Carpets are among the things that could be seen at every household in Iran. Also known as Persian rugs, they are made for a wide variety of purposes including home use, local sale, and export.

Iran, India FMs Discuss Bilateral Ties in Tehran

Iran's Foreign Minister Mohammad Javad Zarif and his Indian counterpart Sushma Swaraj have discussed issues of mutual interest in a meeting in Tehran.

Iran, Pakistan Discuss Banking, Energy Ties

Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Khawaja Muhammad Asif have discussed issues of mutual interest in the Azerbaijani capital of Baku.

Iran’s Parliament Supports Boosting Economic Ties with Italy

An Iranian lawmaker says Parliament's support for private sector activities in the domestic and international arena can be a significant point for the development of Iran-Italy relations.

Iran Determined to Fight Cell Phone Smuggling: Minister

Iran's Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says his ministry is determined to fight cell phone smuggling in the country.

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