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.
U.S. investors late for Iran deals worth billions, Greylock says
U.S. investors are at risk of getting shut out of deals in Iran while their European competitors get a head start on billions of dollars in opportunities unlocked by the lifting of international sanctions, according to Greylock Capital Management.
Iran warns cautious European banks
Several Iranian officials have warned European banks that they might miss out on opportunities provided by the lifting of sanctions if they continue to dawdle on returning to the country.
Indonesia Eyes 120,000 bpd of Iran’s Crude
Indonesia plans to buy 120,000 barrels per day of Iranian crude oil, an official with Pertamina, an Indonesian state-owned oil and natural gas corporation, said Friday.
Iran to Launch Industrial Production Lines in Afghanistan: Minister
Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh said the Islamic Republic is seeking to boost industrial cooperation with neighboring Afghanistan in the near future.
Iran foresees ‘tangible’ rise in oil exports in March
Iran sees a “tangible” rise in oil shipments to international markets this month as the country is stepping up production and traditional buyers are reviving trade.
Australia softens sanctions against Iran
Australia has eased its sanctions against Iran, joining the world's major economies to normalize trade ties with the Islamic Republic.
South Korea to build steel mill in Iran
South Korean steelmaker POSCO - the world's sixth-biggest steel producer - has announced a plan to help build a $1.6 billion steel mill in southeastern Iran.
Iran Eyes Investment in Zimbabwe Ostrich Breeding
Zimbabwe’s Small to Medium Enterprises and Cooperative Development Minister Sithembiso Nyoni said on Tuesday that Iran has expressed interest in partnering in a project to breed up to 2,000 ostriches in the African country.
Rouhani vows to privatize Iran’s car industry
Iran’s President Hassan Rouhani said on Tuesday that the privatization of the country’s car industry is a key mission in the economic agenda of his government – an announcement already seen by analysts as a sign that Iran is already preparing to open up its economy to world markets.
Iran says no place for China carmakers if local content not raised
Iran on Sunday raised the possibility to force the Chinese car manufacturers out of its auto market in the next Iranian calendar year (to begin 21 March 2016).
Iran’s first container ship heads to Europe
An Iranian container ship is heading to Europe for the first time in five years, marking Tehran's return to international markets after the lifting of sanctions, an official says.
Iran, Switzerland sign MoU on shipping, sea transport cooperation
The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.
Paris ready to develop economic-industrial cooperation with Tehran
France Foreign Minister's Advisor, Jacques de Lajugie said that there is suitable ground for Tehran-Paris economic and industrial cooperation and it is welcomed by France.
Iran-China trade down 41% in Jan.
The volume of trade exchange between Iran and China has dropped by 41% amid plunging oil prices.
China among main importers of Iranian hand-woven carpets
Head of the Iran's National Carpet Center Hamid Kargar said here on Thursday that China is considered as the 10 main countries that import Iranian hand-woven carpets.
All capabilities employed to fulfill ‘economy of resistance’: VP
We are employing all our power and capacity to materialize the ‘economy of resistance’ during the6th Development Plan, said Vice President and head of Cultural Heritage Organization.
Oman backs Iran in Saudi freeze row
Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.
Iran-Germany Banking Ties to Normalize in 3 Months: Envoy
Iranian Ambassador to Germany Ali Majedi said normalization of banking relations between the Islamic Republic and the European country will take two or three months.
Vilified Siemens is Iran’s new darling
Iran’s Minister of Petroleum Bijan Zangeneh hopes to open a “new chapter” in cooperation with Siemens as Europe's biggest engineering conglomerate refreshes its indelible mark in the Iranian industry.
Iran negotiating with 30 European countries on oil drilling
Managing Director of Iranian Drilling Company announced that his company has held talks with 30 European and Asian firms over past several months, and said Tehran is ready to cooperate with accredited oil companies and joint drilling cooperation.
Iran intends to increase oil output: Analyst
An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.
Russia lauds Iran’s role in oil market talks
Russia’s Energy Minister Alexander Novak on Sunday praise Iran for adopting what he described as a “constructive role” toward proposals by key producers to stabilize oil prices.
Japan eyeing Iran’s oil prize Azadegan
New indications have emerged that show Japan has become interested in the development of Iran’s Azadegan oil field that industrialists have for long described as the crown jewel of the country’s oil projects.
Iran laying basis for non-oil economy
Iran expects to attract $15 billion in direct foreign investment this year as the biggest economy closed to international business since the fall of the Soviet Union is humming back to life.
Russian flotilla to visit Bandar-e Anzali
In the second half of this year the Russian Navy Caspian Flotilla will visit the ports of Azerbaijan, Kazakhstan and Iran, the Commander of the Russian Caspian Flotilla, Rear-Admiral Igor Osipov, said on Sunday.