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

Report: Iranian private sector’s constructive initiative to begin economic ties with Saudi Arabia

IFP Editorial Staff -
Head of Iran’s Chamber of Commerce, Industries and Mines has reportedly sent a letter to the chairman of the Federation of Saudi Chambers of Commerce, declaring the full readiness of the Iranian private sector to exchange commercial and economic delegations in areas of mutual interest and to hold joint trade exhibitions.
Economy

Minister: Iran and Saudi Arabia resume trade ties

IFP Editorial Staff -
Iran’s minister of industry, mines and trade says Tehran and Riyadh have started their trade ties after their recent agreement to normalize relations, adding the two neighbors have kicked off trade exchanges.
Economy

China envoy: De-dollarization outcome of US economic coercion

IFP Editorial Staff -
The Chinese ambassador to Iran says the de-dollarization process, which has been gathering pace on the international stage, is the outcome of America’s use of its national currency as a tool to exert economic pressure on others.
Security

Iran security chief: Intl. efforts to sideline dollar gaining momentum

IFP Editorial Staff -
Iran’s security chief praises growing economic cooperation with Russia in the face of Western sanctions, saying international efforts to diminish the role of the US dollar in financial transactions have gathered pace.
Economy

“China accounts for 31% of Iranian non-oil exports”

IFP Editorial Staff -
The head of the Iran-China Chamber of Commerce says the current Persian year of 1402 (starting on March 21) will be better for the expansion of ties between Tehran and Beijing.
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.
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