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The latest news and views about the economy of Iran

Iran’s Share of Iraqi Imports Reaches 25 Percent

One-fourth of the total imports into Iraq come from Iran, an Iranian official has announced.

Economist Explains Reasons for Advocating Fuel Rationing in Iran

One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.
Iran Reveals Details of $5 Billion Loan from Russia

Iran Reveals Details of $5 Billion Loan from Russia

Iran’s energy minister says the country has already received a $2.2-billion loan from Russia and the remaining $2.8 billion would be paid to Iran in the next month.
Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

A senior Iranian official says cash subsidies to improve the Iranian people’s livelihoods have been paid to some 60 million citizens in the past few days after gasoline prices were tripled.
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Iran Ready for Talks with Anyone If Its Interests Met: Rouhani

Iranian President Hassan Rouhani says Tehran is prepared to sit at “any negotiating table” if the talks are necessary for serving the country’s national interests.
Iran Reveals Details of $5 Billion Loan from Russia

Iran to Open First National Trade Office in Russia

A senior Iranian official says Iran’s first National Trade Office in Russia will be opened by the private sector in two months’ time.

Iran Making Economic Progress despite US Sanctions: Official

Iranian President's Chief of Staff Mahmoud Vaezi says the US economic war has failed to hinder the Islamic Republic’s economic growth.

Iran Prefers Using National Currency in Trade with Neighbours: Minister

Iran’s Minister of Industry, Mine and Trade says the government's policy is to use national currency in business with friendly and neighbouring countries.

Iranian Currency Regains 40% of Lost Value: Top Banker

Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 40 percent against the US dollar over the past year.

Iran, Turkey Move to Boost Trade Ties

Iran’s Minister of Economy Farhad Dejpasand says Tehran and Ankara are expected to enhance trade interaction to achieve the target of $30 billion annual trade exchange.

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