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.
More signs have appeared to show that East Asian countries are interested in Iran’s fish farming business. China has joined South Korea to announce that it is planning to invest $3 billion in Iran’s fisheries.
After a considerable temperature rise, Saudi Arabia’s crude oil exports have dramatically declined as the country’s power plants must consume higher amounts of crude oil to cope with the increased demand of the hot season.
In a meeting in Tehran, Speaker of Iran’s Parliament Ali Larijani and Bulgarian Prime Minister Boyko Borissov explored the avenues for promoting mutual cooperation between Tehran and Sofia.
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.
A meeting between officials from the Central Bank of Iran (CBI), the US Treasury and international banks in London to discuss banking restrictions on trade with Iran despite a lasting nuclear deal between Tehran and world powers has been delayed, the British government said.
After the nuclear deal between Tehran and world powers and the end of anti-Iran sanctions, Tehran started its talks with giant American and European plane-makers, Boeing and Airbus. However, the US is sabotaging the deals, and Iran seems to be turning to alternative options.
Iranian Vice-President Eshaq Jahangiri underlined the significance of transfer of technology knowhow in foreign contracts, and described it as a necessity within the frameworks of Resistance Economy.
The Iranian administration has worked out a proposal that, if passed by the Parliament, will usher in a major development in the country’s banking sector, President Hassan Rouhani announced.
Deputy Governor for Currency Affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch had been lifted since June 24 and the branch will soon resume its activities there.
Iran will create some 140,000 job opportunities in the field of tourism by the end of the next Iranian calendar year (March 2018), the head of the Cultural Heritage, Tourism and Handicraft Organization (CHTHO), Masoud Soltanifar, announced.
The Managing Director of the Ports and Maritime Organization said that the capacity of Chabahar port will increase from 2 million tons to 8 million tons after an investment of $235m from Indian firms.
Latest figures from Iran's customs office show that foreign trade income stood at over $10,472 billion in the first quarter of the Iranian calendar year (started March 20).
Iran’s exports of agricultural products in the first two months of the current Iranian year have grown in term of both value and weight, according to data released by the Agriculture Ministry.
The Japanese ambassador to Iran said that various MoUs between Tehran and Tokyo have been signed, and Japan is getting prepared to dispatch high-ranking business delegations to Iran.
Expediency Council Chairman Ayatollah Akbar Hashemi Rafsanjani underlined the positive effects that the Joint Comprehensive Plan of Action (JCPOA) has had on attracting foreign investment to the country.
A senior official with Iran’s Petrochemical Commercial Company International (PCCI) said it has started talks with international enterprises over investments in the country’s petrochemical sector.
Spokesman for the Iranian Administration Mohammad Baqer Nobakht announced on Tuesday, June 21, that the country’s annual inflation rate has fallen below 10% for the first time in several years.
