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

German firms find Iranian transportation sector appealing

Emad Askarieh -
German companies seek to invest in Iran especially in the field of transportation and infrastructure, says former chancellor Gerhard Schroeder.
Economy

Franco-Japanese auto giant keen on Iran expansion

Emad Askarieh -
The head of Renault-Nissan alliance has expressed the major car manufacturer’s readiness to expand its market in Iran upon the removal of sanctions against the country.
Economy

Rouhani foresees ‘economic boom’ next year

Emad Askarieh -
President Hassan Rouhani foresees an 'economic boom' in the post-sanctions era, which, he predicted, would begin in days to come.
Economy

Iran says ready to raise post-sanctions oil output

Emad Askarieh -
Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.
Economy

World Bank expects Iran’s economic growth to hit 5.8% in 2016

Emad Askarieh -
The World Bank has forecast a major growth rate of 5.8 percent for the Iranian economy in 2016 as the country starts to benefit from the economic gains that the removal of multiple year sanctions is expected to bring about.
Economy

Iran, India ink comprehensive deal on diverse economic areas

Emad Askarieh -
The Indians are willing to cooperate with the Islamic Republic in the development of Chabahar port in southern Iran and the construction of a rail network to connect India to Central Asia.
Economy

Post-JCPOA Iran on course to winning WTO membership

Emad Askarieh -
A TPO official has said that Iran is moving toward becoming a member of the WTO, adding that the country has to pay a dear price for not being a WTO member.
Economy

Iran following US plan to seize frozen assets

Emad Askarieh -
Seif said the Central Bank of Iran (CBI) has a total of $2.5 billion frozen in New York, including the interest on top of the original $1.7 billion held in Citibank accounts.
Economy

Iran ready to deal with oil at $30

Emad Askarieh -
Tayyebniya said the national taxation program can help reduce reliance on petrodollars, warning that the country is already under strain as a result of a severe drop in oil revenues.
Economy

How will the Federal Reserve’s decision to raise interest rates affect Iran’s economy?

IFP Editorial Staff -
The first likely impact of the decision by the Federal Reserve will be a rise in the value of the greenback.
Economy

US Visa Waiver Program will push foreign investment in Iran down to zero

Emad Askarieh -
An Iranian economist has said that a monkey wrench has been thrown into the works of Iran’s economy in the form of a US congressional bill, adding that Iranian officials should oppose the bill which violates JCPOA.
Economy

Presence of foreign banks spurs competitiveness: MP

Emad Askarieh -
An Iranian MP has said that foreign bank presence in Iran would infuse liquidity into the national economy which could help production flourish, if managed properly.
Economy

US automakers can invest in Iran: Deputy industry minister

Emad Askarieh -
The deputy trade minister has said that the US import ban only applies to consumer products and should not be generalized to other areas.
Economy

Iran: Sanctions to be lifted in ‘next few days’

Emad Askarieh -
The Iranian oil minister calls on leading energy companies to re-open their offices in Iran in order to get Iranian support. Tag: Iran-sanction
Economy

Iran seals banking deal with France

Golrokh Askarieh -
Afkhami-Rad emphasized that similar deals have also been reached with other countries. But they cannot be implemented unless the much-awaited Joint Comprehensive Plan of Action (JCPOA) takes effect.
Economy

Three European carmakers to return to Iran soon

Golrokh Askarieh -
Iran is also in talks with Italian and Japanese carmakers for cooperation but an agreement has yet to be reached, Nematzadeh said.
Economy

Iran calls on Sweden to restore ranking of Iranian banks to prior level

Golrokh Askarieh -
The governor of Central Bank of Iran tells a visiting Swedish delegation Iran's policy focuses on establishing proper economic relations with longstanding trade partners.
Economy

Iran, South Korea to launch shipbuilding JV

Golrokh Askarieh -
The venture will be established between Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Hyundai.
Economy

Zanganeh: No permission required to boost Iran oil output

Golrokh Askarieh -
Iran has officially announced that it will increase production by 500,000 barrels a day immediately after sanctions have been lifted.
Economy

Fiat in talks for car manufacturing in Iran

Golrokh Askarieh -
The minister of industries, mines and trade has said that Iran is planning to produce 3 million automobiles in less than 10 years, one-third of which will be exported.
Economy

Italy is a reliable partner for investment in and transfer of technology to Iran

Emad Askarieh -
Riccardo Monti said in recent months Iran has made it clear that it does not solely intend to purchase foreign products; rather it is trying to find reliable partners for joint investment as well as transfer of technology for domestic production.
Economy

Iran, Turkmenistan sign 9 memorandums of understanding

Golrokh Askarieh -
The agreements cover cooperation in areas such as health, mail service, media, power transfer, sports, transportation and housing.
Economy

Adeli again picked as GECF secretary-general

Golrokh Askarieh -
The GECF also picked Iran’s Oil Minister Bijan Zanganeh as deputy chairman and Qatar’s Minister of Energy and Industry Mohammed Saleh Al Sada as chairman of the Forum.
Economy

Frankfurt hosts a conference on investment in Iran

Emad Askarieh -
A German foreign trade expert has said that his country is seeking to raise its exports to Iran to € 5b in the next two years.
Economy

Iran to buy shares of African banks

Golrokh Askarieh -
Afkhami-Rad has unveiled plans for establishing joint funds and commercial chambers with African states as well as an increase in the number of Iranian commercial attachés in Africa.
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