Economy

$2.5bn Foreign Direct Investment in Iran in Last Month

An official said foreigners have made $2.5 billion of Foreign Direct Investment (FDI) in Iran in the current Iranian month (started May 21).

Eurasian Economic Commission: Talks on Free Trade Zone with Iran to be Held in Late June

The talks on the creation of a temporary free trade zone between the Eurasian Economic Union (EAEU) and Iran will be held in late June, the Eurasian Economic Commission (EEC) Trade Minister Veronika Nikishina said at the St. Petersburg International Economic Forum (SPIEF-2016) on Friday June 17, Tass reported.

Italy Eager to Boost Economic Ties with Iran

Entrepreneurs, market experts, banking and industry representatives in the Italian northern province of Emilia-Romagna have voiced their willingness to launch joint investments with Iran.

Envoy Urges Boost to Iran-Russia Trade

Iran’s ambassador to Moscow called for efforts to enhance economic relations with Russia proportional to their political interaction.

Rouhani: Government Created over 1 Million Jobs

The Iranian government is proud of having created about 1.4 million jobs over the past three years, President Hassan Rouhani announced

President: Cabinet Shamed by Unemployment

Iranian President Hassan Rouhani said his administration feels ashamed to see those Iranian graduates who have no job.

Iranian Mines Account for 16% of Non-Oil Exports

Iran’s Ministry of Industry has announced that Iranian mineral products and industries accounted for 16.5% of the country’s non-oil exports last year.

“Women to Make Up 45% of Labour Market in Iran by 2026”

Within the next ten years, about 45% of the Iranian labour market will be in the hands of women, Moslem Khani, an advisor to the Ministry of Cooperatives, Labour and Social Welfare said on Monday June 13.

Chinese Ambassador Interested In Expanding Iran Ties

China’s Ambassador to Iran Pang Sen stressed the interest of Chinese officials in expanding relations with Iran.

Eurasian official: Iran and EEU to ink FTA

An analysis of the potential benefits for countries of the Eurasian Economic Union (EEU) to conclude an interim agreement on free trade with Iran will be completed by the end of this year, according to Minister of Trade of the Eurasian Economic Commission, Veronica Nikishina, Sputnik reported.

Iran’s Car Market to Be Dominated by the French Once Again

Iran’s Saipa and France’s Citroen are finalizing a deal that will let the French monopolize the Iranian car market on the contrary to what Rouhani’s government had promised.

Signs of Hope Emerge in Housing Market

The managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of Roads and Urban Development) says the recent increase in home sales could be a good omen for the Iranian property market.

Over $1.5bn Earmarked for Non-Oil Exports and Development Projects

Iran allocated IRR55 trillion (about $1.586 billion) to promote non-oil exports and implement development projects, ISNA reported on Sunday June 12.

Economic Situation Improving, Araqchi Says

Deputy Foreign Minister Abbas Araqchi said on Thursday June 9 that the economic situation in Iran has been improving since the nuclear deal – officially called the Joint Comprehensive Plan of Action (JCPOA) – went into force.

Iran Bank Joins Euro Payment System

Iran says one of its London-based banks has joined the euro payment system, in what could be another breakthrough for the country to remove technical hurdles created as a result of multiple years of sanctions.

“Iran, Post-Sanctions” Seminar to Be Held in St. Petersburg

A ranking Iranian economic delegation is to attend a seminar in St. Petersburg, Russia, which will explore Iran’s special programs for the post-sanctions period.

Economy Minister Predicts 5% Economic Growth

Economy Minister Ali Tayyebnia said on Monday May 6 that Iran’s economy will grow by 5% in 2016-2017.

Economic Official: First Stage of JCPOA Successful

A Member from Iran’s Chamber of Commerce said on Sunday May 5 that the Joint Comprehensive Plan of Action (JCPOA) has been successful in its first stage so far.

Supreme Leader Highlights National Importance of Economy

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted the importance of the economy for Iran.

First VP Embraces MP’s Criticism of Oil Contracts, Calls for Amendments

In a rare move in the history of Iranian administrations, First Vice-President Eshaq Jahangiri warmly welcomed a recent letter by the outspoken former MP Ahmad Tavakkoli which criticized the Oil Ministry’s new contracts, and asked Oil Minister Bijan Zanganeh to correct them accordingly.

Iran-Sweden Trade Meeting Opens in Stockholm

An Iran-Sweden trade meeting opened on Wednesday June 1, attended by 230 Iranian and Swedish economic figures.

Economic Agreements Worth $1.2bn Signed with Finland and Poland

Iran has struck a number of economic agreements worth some $1.2bn during an Iranian delegation’s trip to Poland and Finland, says an official.

Iranian Official Pleased with Positive Outcomes of Poland Visit

A senior business official voiced his satisfaction with the positive results of a recent visit by Foreign Minister Mohammad Javad Zarif and a 60-strong delegation to Poland.

VP Says Iran Will Guarantee Foreign Investments

Vice President for Executive Affairs Mohammad Shariatmadari said the Iranian government will offer guarantees for foreign investment, despite existing problems.

Zarif Urges Iranian Elite to Help Strengthen World Economic Ties

Foreign Minister Mohammad Javad Zarif urged Iranian elites living in foreign countries to help promote Iran’s economic relations with the world.

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