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.

Africa

Iran Eyes Investment in Zimbabwe Ostrich Breeding

Emad Askarieh - March 1, 2016

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.

Economy

Rouhani vows to privatize Iran’s car industry

Emad Askarieh - March 1, 2016

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.

Economy

Iran says no place for China carmakers if local content not raised

Fatemeh Askarieh - February 29, 2016

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).

Economy

Iran’s first container ship heads to Europe

Emad Askarieh - February 28, 2016

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.

Economy

Iran, Switzerland sign MoU on shipping, sea transport cooperation

Emad Askarieh - February 28, 2016

The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.

Economy

Paris ready to develop economic-industrial cooperation with Tehran

Golrokh Askarieh - February 27, 2016

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.

Economy

Iran-China trade down 41% in Jan.

Golrokh Askarieh - February 27, 2016

The volume of trade exchange between Iran and China has dropped by 41% amid plunging oil prices.

Economy

China among main importers of Iranian hand-woven carpets

Emad Askarieh - February 25, 2016

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.

Economy

All capabilities employed to fulfill ‘economy of resistance’: VP

Emad Askarieh - February 25, 2016

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.

Economy

Oman backs Iran in Saudi freeze row

Golrokh Askarieh - February 24, 2016

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.

Economy

Iran-Germany Banking Ties to Normalize in 3 Months: Envoy

Golrokh Askarieh - February 24, 2016

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.

Economy

Vilified Siemens is Iran’s new darling

Golrokh Askarieh - February 22, 2016

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.

Economy

Iran negotiating with 30 European countries on oil drilling

Golrokh Askarieh - February 22, 2016

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.

Economy

Iran intends to increase oil output: Analyst

Golrokh Askarieh - February 22, 2016

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.

Economy

Russia lauds Iran’s role in oil market talks

Golrokh Askarieh - February 22, 2016

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.

Economy

Japan eyeing Iran’s oil prize Azadegan

Golrokh Askarieh - February 22, 2016

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.

Economy

Iran laying basis for non-oil economy

Golrokh Askarieh - February 21, 2016

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.

Economy

Russian flotilla to visit Bandar-e Anzali

Golrokh Askarieh - February 21, 2016

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.

Economy

Iran oil exports to rise by 500K barrels in current month: Official

Golrokh Askarieh - February 21, 2016

An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.

Economy