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.

Economy

Iran to form joint chamber of commerce with Saudi Arabia

IFP Editorial Staff -
A member of the presiding board of the Iranian chamber of commerce says Iran and Saudi Arabia will soon launch a joint chamber of commerce.
Economy

Economy minister says Iran’s oil exports hit highest level amid US sanctions

IFP Media Wire -
Tehran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite Washington's sanctions, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has confirmed.
Economy

Minister: Iranian, Russian banking systems not depending on SWIFT

IFP Media Wire -
The banking payment systems of Iran and Russia are already connected with each other, and that the banks will soon be able to open accounts for companies in both countries to make payments without using SWIFT, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said in an interview with Sputnik.
Economy

Shamkhani: Iran, Iraq design new mechanisms for payment of debts to Tehran

IFP Editorial Staff -
The secretary of Iran’s Supreme National Security Council says Iran and Iraq have come up with a new mechanism for Baghdad to pay its debts to Tehran.
Economy

Volume of Iran-Oman trade increased by 100% in one year: Official

IFP Editorial Staff -
The head of the Iran-Oman Chamber of Commerce says the volume of trade between Tehran and Mascat has increased by 100% over the past year.
Economy

Iran’s security chief due in Iraq for talks after visits to China, UAE

IFP Editorial Staff -
The secretary of Iran’s Supreme National Security Council (SNSC) is set to visit Iraq for talks on ways to remove the obstacles to economic cooperation between the two neighbors.
Economy

Saudi Arabia says investments in Iran could happen very quickly following Tehran-Riyadh deal

IFP Media Wire -
Saudi Arabia's Finance Minister Mohammed al-Jadaan said on Wednesday that Saudi investments in Iran could happen "very quickly" following an agreement between the two nations.
Economy

Iran, Iraq reached good agreements on removing obstacles to economic ties: Minister

IFP Editorial Staff -
Iran’s Economy Minister Ehsan Khandouzi says Iran and Iraq reached good agreements on ways to remove the obstacles hindering economic cooperation between the two neighbors during his recent visit to Baghdad.
Economy

Iran-Belarus trade volume to hit $100mn.

IFP Editorial Staff -
Iranian President Ebrahim Raisi has said the signing of MoU’s in different fields by Iran and Belarus shows that Tehran and Minsk are resolved to expand their ties in all spheres.
Economy

Iran, Belarus sign roadmap for comprehensive cooperation

Mahdi Arman -
Iran and Belarus have signed a roadmap for comprehensive cooperation as well as seven other cooperation agreements during a visit to Tehran by Belarusian President Alexander Lukashenko.
Economy

Official: US allowed Iraq to release frozen Iranian assets worth hundreds of millions

IFP Editorial Staff -
An Iranian official says the US has allowed Iraq to released Iranian assets worth $500 million, as the two neighbors make efforts to boost economic and energy cooperation despite American sanctions.
Economy

European states dissolve symbolic Iran trade system

IFP Media Wire -
European countries have shut down the INSTEX system, which they had launched in the midst of US sanctions to facilitate trade with Iran.
Economy

Iran, Venezuela launch direct shipping line to further boost bilateral trade

IFP Editorial Staff -
Tehran’s Embassy in Caracas says a direct shipping line connecting Iran to Venezuela was launch last month with the goal of supporting the trade ties between the economic sectors of the two countries.
Energy

Iran launches new Phase of giant Gas Field in Persian Gulf

IFP Editorial Staff -
Iran has inaugurated Phase 14 of the South Pars Gas Field in the Persian Gulf during a ceremony attended by President Ebrahim Raisi.
Economy

Russian official: Value of trade with Iran rose by 20% in 2022

IFP Editorial Staff -
A senior Russian economic official says the value of trade between his country and Iran increased by 20 percent in 2022 to reach $4.9 billion.
Economy

Iranian MP: People getting weaker due to rial plunge against dollar

IFP Editorial Staff -
An Iranian member of parliament has issued a stark warning about the rising inflation in the country. Kazem Delkhosh Abatari said people are becoming weaker and weaker as a result of soaring prices.
Economy

MP urges Iran Foreign Ministry to play more active role in FATF case

IFP Editorial Staff -
An Iranian lawmaker has urged the Foreign Ministry to play a more active role in the case of Iran’s possible accession to the Financial Action Task Force (FATF).
Economy

Outspoken Iranian daily urges officials not to count on China for economic improvement

IFP Editorial Staff -
An outspoken Iranian daily accuses China of giving empty promises to Tehran in bilateral deals on trade cooperation, urging Iranian officials not to pin their hopes on Beijing in their efforts to improve the country’s economic situation.
Economy

Official: Iran, China to launch Green Customs Corridor, booost trades

IFP Editorial Staff -
A senior Iranian official says Iran and China plan to launch a Green Customs Corridor aimed at facilitating growing trade between the two strategic partners.
Economy

Official denies halt in Iran-Iraq trade ties

IFP Media Wire -
The chairman of the Iran-Iraq joint chamber of commerce rejected any halt or disruption in Iran-Iraq trade ties, calling it psychological warfare.
Economy

Shamkhani: Iran and Russia priority is expanding economic ties

IFP Editorial Staff -
Secretary of Iran’s Supreme National Security Council Ali Shamkhani says the top priority of Tehran and Moscow is to expand their economic ties.
Economy

Expert: First 10 months of current year was ‘inflation peak’ in Iran

Mahdi Arman -
An economic expert highlights a significant rise in Iran’s inflation under President Ebrahim Raisi, saying the first 10 months of the current Persian calendar year marked the peak of the country’s inflation in over seven decades.
Economy

Official: Iran non-oil exports rose by 17.66 percent to $45.3bn in ten months to January

IFP Editorial Staff -
Iran’s Customs Administration says the ten month exports of non-oil products in the country has hit 45.3 billion dollars, which is a 17.66 percent rise in terms of value compared to the same period of the previous year.
Economy

Uzbek president urges road map for economic cooperation with Iran

Mahdi Arman -
Uzbekistan’s President Shavkat Mirziyoyev has called for the formation of a joint committee by the Foreign Ministries of Iran and Uzbekistan in order to draw up a road map for economic cooperation between the two countries.
Economy

Shamkhani: Iran-Russia economic cooperation part of strategic agreements

IFP Editorial Staff -
Secretary of the Supreme National Security Council of Iran Rear Admiral Ali Shamkhani has underlined the need to speed up the implementation of joint economic projects with Russia, which were earlier agreed by the presidents of the two countries.
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