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.

Foreign Policy

Tehran: Serious steps taken toward release of frozen Iran assets

IFP Editorial Staff -
The spokesman for Iran’s Foreign Ministry says effective steps have been taken toward the release of Iranian assets frozen in other countries.
Foreign Policy

China’s envoy to Iran says Beijing-Tehran deal beneficial for both countries

IFP Media Wire -
Chinese ambassador to Iran Chang Hua has said the implementation of a 25-year comprehensive strategic partnership agreement between Beijing and Tehran will improve the livelihood of both nations.
Economy

Iraq releases $2.7bn of Iran’s blocked assets: Trade official

IFP Media Wire -
Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq announced on Saturday that Baghdad has released $2.7 billion worth of Iranian funds in gas export money frozen due to the US sanctions.
Economy

Iran’s economy grew by 4.7% in fourth quarter of 2022: World Bank

IFP Media Wire -
Figures released by the World Bank show that Iran's economy grew by 4.7 percent in the fourth quarter of 2022, standing at 15th place in the globe in terms of economic growth.
Economy

World Bank projects 2.2% economic growth for Iran despite sanctions

IFP Media Wire -
The World Bank (WB) has predicted that Iran’s economy will register a 2.2 percent growth in 2023 in spite of tough US sanctions.
Economy

Iran to soon gain quick access to $6.7 billion of its financial resources at IMF: CBI chief

IFP Editorial Staff -
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).
Economy

Iran closes major trade route with Afghanistan after deadly clashes

IFP Editorial Staff -
Iran closes the Milak border crossing with Afghanistan, a major trade route, “until further notice,” following an exchange of heavy gunfire between Iranian border guards and Taliban forces.
Foreign Policy

Iran, ASEAN stress efforts to bolster bilateral cooperation

IFP Editorial Staff -
Iranian President Ebrahim Raisi calls for efforts to realize the goals set by Tehran and the Indonesia-based Association of Southeast Asian Nations (ASEAN) for the promotion of bilateral cooperation.
Foreign Policy

President Raisi in Jakarta: Iran, Indonesia sign cooperation deals, set goal for boosting trade

IFP Editorial Staff -
Iran and Indonesia sign several agreements for cooperation in various sectors, stressing their determination to boost the value of annual bilateral trade to $20 billion in the future.
Economy

Iran’s president, Pakistan PM inaugurate bazaar on joint border

IFP Editorial Staff -
Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sherif inaugurate a joint border market at a border crossing linking the Iranian city of Pishin to the Pakistani city of Mand.
Economy

Iranian economy minister’s trip to Saudi Arabia sign of bigger development: Report

IFP Editorial Staff -
A recent trip by Iranian Economy Minister Ehsan Khandouzi to Saudi Arabia was a sign that Tehran and Riyadh are serious in their pursuit of rapprochement, a report says.
Economy

Saudi officials seek resumption of economic ties with Iran, too: Minister

IFP Editorial Staff -
Iranian Minister of Economy Ehsan Khandouzi says that during a recent meeting with Saudi officials, they demanded that the resumption of economic ties between Saudi Arabia and Iran also be facilitated promptly.
Economy

Iranian Minister of Economy in Saudi Arabia on official visit

IFP Editorial Staff -
Iranian Minister of Economy and Financial Affairs Seyyed Ehsan Khandouzi, at the head of an economic delegation, has arrived at the Jeddah airport in Saudi Arabia, and was welcomed by the kingdom’s officials, directors of the Saudi-based Islamic Development Bank, and staff members of the Iranian Consulate in the Saudi city.
Economy

Value of Iran’s foreign trade up by 17% in first month of Persian year: Official data

IFP Editorial Staff -
Official figures show the volume of Iran’s foreign trade witnessed a 17-percent hike in the first month of the current Persian calendar year, with China and the United Arab Emirates (UAE) topping the list of the country’s trade partners.
Energy

White House blocking authorities from confiscating Iranian oil ships

IFP Media Wire -
The Biden administration won't let authorities seize tankers carrying Iranian oil, according to a report. Several European and Asian countries imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.
Economy

Central Bank chief: Facilitating de-dollarization Iran’s strategic policy

IFP Editorial Staff -
The head of the Central Bank of Iran says the country is determined to help realize de-dollarization in international transactions, describing the approach as a “strategic policy” for the Islamic Republic.
Economy

Inflation rate in Iran hits record high under Raisi: Daily

IFP Editorial Staff -
An Iranian daily highlights the figures released by the Statistical Center showing that the inflation rate in the country sets a new record high to reach 45.8% in March.
Economy

Iran deputy FM: Iranian businesspeople can travel to Saudi Arabia soon 

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Economic Diplomacy says the hurdle to visits by Iranian businesspeople to Saudi Arabia will be removed within the next 30 days.
Foreign Policy

Iran president calls for expansion of ties with Uzbekistan, implementation of agreements 

IFP Editorial Staff -
Iranian President Ebrahim Raisi says the implementation of agreements between Iran and Uzbekistan will boost the level of their ties.
Economy

Iranian trade official: Iraq not allowed to transfer dollars to Iran

IFP Editorial Staff -
The head of the Iran-Iraq chamber of commerce says the Iraqi Central Bank is not authorized to transfer US dollars to the Islamic Republic.
Economy

Iranian official: Saudi delegation to participate in trade exhibition in Tehran

IFP Editorial Staff -
Iran’s Deputy Foreign Minister for Economic Diplomacy says a Saudi trade delegation will participate in an exhibition of Iranian-made products in Tehran.
Economy

President Raisi says Iran, India determined to deepen economic ties

IFP Media Wire -
Iranian President Ebrahim Raisi, in a meeting with visiting Indian National Security Advisor Ajit Doval, said Tehran and New Delhi are seeking to expand bilateral relations, especially in the economic and commercial fields.
Finance

Iran calls for further expansion of trade in national currencies with India

IFP Media Wire -
Iran’s Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani, in a meeting with Indian National Security Advisor Ajit Doval, has called for further use of the rial and rupee in bilateral trade transactions.
Economy

Two major Chinese companies plan to invest in Iran’s Khuzestan: Envoy

IFP Editorial Staff -
Chinese Ambassador to Tehran Chang Hua says two major Chinese companies plan to invest in Khuzestan, in Iran’s oil-rich southwest.
Middle East

Syria’s Assad calls for further strengthening of economic ties with Iran

IFP Media Wire -
Syrian President Bashar al-Assad has stressed the need for further promoting economic cooperation with Tehran, as he hosted Iran’s Minister of Road and Urban Development Mehrdad Bazrpash and his accompanying delegation in the capital Damascus.
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