Economy

US Losing Iran’s Energy Market to European Firms

While the French oil giant Total just signed a huge gas deal with Iran, American companies are deprived of Iran’s lucrative oil and gas market due to the restrictions imposed by the US administration.

FM Zarif Holds Talks with French Senate President

Iran’s Foreign Minister Mohammad Javad Zarif on Thursday met the President of the French Senate Gerard Larcher during his visit to Paris, the third leg of his European tour.

“Iran Successful in Seizing Contraband Goods”

A report says Iran’s Customs Office has been very successful in seizing contraband commodities and illicit drugs.

Tehran, Seoul Keen to Expand Business Ties: Larijani

Iran’s Parliament speaker says the Islamic Republic and South Korea have great potentials for investment and job creation, and both are interested in expanding their trade cooperation.

Iran Urges Eurasian States to Boost Economic Ties

Iran’s parliament speaker has called on Eurasian countries to work towards enhancing their economic cooperation.

Time Ripe for Expansion of Iran-Germany Ties: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif says the grounds are now prepared for Iran and Germany to promote their economic relations.

Iran MPs to Question Minister over Import of Saudi Goods

An Iranian MP says the country’s Minister of Industry will be summoned to answer lawmakers’ questions on alleged import of goods from Saudi Arabia.

FATF Extends Suspension of Financial Restrictions on Iran

The world’s anti-money laundering body, known as FATF, has extended the suspension of its restrictions on Iran, lauding the Islamic Republic’s commitment to implement measures to address shortcomings in its anti-money laundering policies.

Iran Signs MoU with Airbus to Buy 73 More Planes

European aviation giant Airbus said two Iranian privately owned airlines on Thursday had committed to buying 73 planes at the Paris Airshow.

Iran’s Monthly Ice-Cream Exports Exceed 4,000 Tonnes

Iran has exported nearly 4,140 tonnes of ice-cream during the first month of the current fiscal year (March 21-April 20), according to data released by the Islamic Republic of Iran Customs Administration.

Iran Eyes Larger Share of Qatar’s Market

Amid a recent row between Qatar and Saudi Arabia, Qatari citizens risk a serious food shortage while Iran continues to send more food to the blockaded nation.

Iran’s Food Exports to Qatar Part of Normal Business Ties: FM

Iranian foreign minister says the Islamic Republic’s export of food items to Qatar is part of normal trade relations between the two neighbouring countries amid the ongoing blockade imposed by Saudi Arabia and its allies on Qatar.

Foreign Clothing Brands Given Ultimatum for Operation in Iran

An official at the Iranian Ministry of Industry, Mine and Trade says an ultimatum has been given to the foreign clothing brands operating in Iran to increase their production in the country and boost exports of their products from the Islamic Republic.

Iran Will Soon Join Eurasian Economic Union

Signs are emerging that show the Eurasian Economic Union (EEU) – the Russia-led single market – is seeking deeper links with Iran after the re-election of President Hassan Rouhani.

France’s Peugeot, Total Looking for Stronger Presence in Iran

With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.

Iranian MP Lauds Sharp Decrease in Pharmaceutical Imports

An Iranian MP has praised a 25-percent decrease in imports of pharmaceuticals to Iran, saying the country should focus on expanding the export of its homegrown medicine by using the expertise of its elites.

Iran’s Global Standing Improved in 11 Indices in Rouhani’s Term

Assessments and reports by international organizations indicate an improvement in Iran’s performance and ranking in most of the international economic indices during 2013-16, the period of time when President Hassan Rouhani was in office.

Rouhani to Use Non-Oil Exports, Tourism to Create More Jobs

Hassan Rouhani, the incumbent Iranian president running for the second term, highlighted the role of non-oil exports, the tourism industry, as well as the medium-scale and small-scale enterprises in creating job opportunities for the country’s young labor force.

“Iranians Suffering from Problems Caused by Rouhani’s Gov’t”

Iran’s presidential candidate Ebrahim Raisi says the current administration is to blame for many of the social and economic problems facing the country.

Raisi Explains about Tax Exemption of Foundation He Runs

Iranian presidential candidate Seyyed Ebrahim Raisi has responded to the criticisms raised about the tax exemption of Astan Quds Razavi, the charitable foundation he manages.

“Huge Investment Needed in Iran’s Mines Sector”

An Iranian official says investment in the mines and mineral industries sector requires huge financial resources.

Qalibaf Vows to Form “Ministry of Foreign Affairs, Int’l Trade”

Iranian presidential candidate Mohammad Baqer Qalibaf says, if elected, he will turn the foreign ministry into the “Ministry of Foreign Affairs and International Trade” so that the foreign policy apparatus can help improve Iran’s domestic economy.

Renewable Energy Firms Can Use Tax Incentives in Iran

International and domestic private companies in the renewable energy industry will be eligible for tax holidays for 5-13 years as part of incentives to prop up investment in the nascent renewable sector, a deputy economy minister said on Sunday.

Iran Can Link Georgia to Persian Gulf, Sea of Oman: President

Iranian President Hassan Rouhani says the Islamic Republic can facilitate the access of Georgia and other regional countries to the Persian Gulf, the Sea of Oman and the Indian Ocean while Georgia can connect Iran to the Black Sea.

Economy Likely to Be Most Pressing Theme in Iran Election Campaigns

With nominations now closed for the May 19 presidential election in Iran, the likely shape of the contest is beginning to emerge.

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