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 sends 1st consignment of huge saffron shipment to Qatar 

IFP Editorial Staff -
Iran has sent the first consignment of a 200-ton saffron shipment to Qatar for processing.
Economy

Internet restrictions in Iran badly affecting economy, businesses: Poll

IFP Editorial Staff -
Opinion polls suggest restrictions on Internet access in Iran are tightening the noose on numerous businesses as well as the economy.
Economy

Report: Iran internet blackout shuts down some 300k online stores in country

IFP Editorial Staff -
The government’s decision to impose an internet blackout amid the protests and riots that have hit different cities across Iran, has reportedly shut down some 300,000 online stores.
Economy

“Livelihoods of 9 million people in peril because of internet shutdown”

IFP Editorial Staff -
The deputy head of Iran's chamber of commerce says each hour of internet outage is causing a loss of $1.5 million to the economy. Hossein Salahvarzi, in the meeting of the council of negotiations between the private sector and the government, said this has also put 9 million jobs at peril in Iran.
Economy

Iranian newspaper traces public discontent to reduced welfare

IFP Editorial Staff -
Iranian daily Donyaye Eghtesad – a newspaper focused on the market and the economy – says the country is seeing public discontent because people’s livelihoods are under pressure.
Economy

Daily: Internet restrictions in Iran inflict huge losses on businesses, economy

IFP Editorial Staff -
The Iranian government’s restricting Internet access in the country has drawn extensive criticism as the measure has inflicted huge losses on numerous businesses.
Economy

Iranian VP: Free trade zones with Russia can render sanctions ineffective

IFP Editorial Staff -
Iran’s First Vice President Mohammad Mokhber says US-led sanctions cannot stand in the way of trade between Iran and Russia، highlighting the role of free trade zones in bypassing the embargoes and expanding bilateral ties.
Energy

Iran says new US sanctions having no impact on petrochemical industry

IFP Editorial Staff -
The secretary general of Iran’s petrochemical industry guild union says new sanctions on the country will have no impact on its activities, although the bans could be part of a propaganda campaign and psychological warfare.
Economy

Iran VP: Sanctions won’t stop Iran-Russia cooperation

IFP Editorial Staff -
Iranian First Vice President Mohammad Mokhber has said the Islamic Republic and Russia enjoy good ties that have been expanding.
Economy

Iran’s VP stresses implementation of agreements with Russia

IFP Editorial Staff -
Iranian First Vice President Mohammad Mokhber, who is on a visit to Russia, says cooperation agreements between Iran and Russia have to be seriously implemented based on a detailed and scheduled plan.
Transportation

Turkmenistan exempts Iran from heavy tariffs on transit of goods

IFP Editorial Staff -
An Iranian official says Turkmenistan has cancelled heavy tariffs for Iranian transit of goods using the country’s borders and territory as of October 1.
Economy

Iran’s exports of industrial products up 70%

IFP Editorial Staff -
Iran’s exports of industrial products have increased by 70% during the tenure of Ebrahim Raisi, who took over as Iranian President in August 2022.
Economy

Iran-China eight-month trade hit $11.16bn

IFP Editorial Staff -
The trade between Iran and China has grown by 19 percent to hit 11.16 billion dollars since the turn of the year compared to the same period the previous year, new official figures from China show.
Economy

Iran customs: Exports to Africa increased 40% in 5 months

IFP Editorial Staff -
Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced.
Economy

Raisi: Iran and Uzbekistan want to expand trade ties

IFP Editorial Staff -
Iran’s President Ebrahim Raisi says his administration’s top priority is to interact with neighbors and regional countries.
Economy

Official: Iran-ECO trade up 40 percent

IFP Editorial Staff -
The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.
Economy

Iran’s trade with SCO surges by 31%

IFP Editorial Staff -
The spokesman for Iran’s Customs Organization says the country's trade with members of the Shanghai Cooperation Organization in the first five months of the current Iranian year of 1401 was valued at 17 billion dollars.
Economy

Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future

IFP Editorial Staff -
An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”
Economy

Official: Iran’s 5-month trade with neighbors exceeds $20bn

IFP Editorial Staff -
Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.
Economy

Central bank chief: Iran, Russia using national currencies in trade

IFP Editorial Staff -
The head of the Central Bank of Iran (CBI) says Tehran and Moscow have already started using their national currencies in certain fields of trade and are set to de-dollarize other sectors of their commercial relations as well.
Economy

Economy minister: Iran’s oil income 5 times more than last year

IFP Editorial Staff -
Iran’s minister of economy and finance says the Islamic Republic’s oil income has increased five-fold compared to last year and eleven-fold compared to the year before despite unrelenting US-led sanctions, raising hopes that many of the economic hardships in the country will soon be tackled.
Economy

Minister: Iran, Russia start using national currencies in transactions

IFP Editorial Staff -
Iran's minister of industries, mining and trade says the country and Russia have started doing business in their national currencies, namely rial and ruble.
Industry

Iran, Russia sign automotive deals worth €700mn

IFP Editorial Staff -
Iranian and Russian car manufacturing companies have signed 12 cooperation deals worth 700 million euros on the sidelines of an international automobile exhibition in the Russian capital Moscow.
Economy

Iraq’s Kurdistan Region PM says local govt. open to closer economic cooperation with Iran

IFP Editorial Staff -
The prime minister of Iraq’s Kurdistan Region says the local government is prepared to increase economic cooperation with Iran, especially the neighboring Iranian province of West Azarbaijan.
Energy

Oil minister: Russia developing 7 oil, natural gas fields in Iran

IFP Editorial Staff -
Iran’s oil minister says Russia is leading the development projects of seven oil and natural gas fields in Iran and the two sides are negotiating on contracts for 14 other fields.
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