Iran Economy

Economy minister says Iran’s rise in new world order promotes active role in global affairs

Iran’s minister of economic affairs and finance has stated that the increase in Tehran’s power in the new world order has enabled the country to play an active role in areas such as combating climate change, technology transfer and joint investments.

Iran’s Central Bank says to launch digital Rial in near future

Governor of the Central Bank of Iran Mohammad Reza Farzin has announced that the digital Rial will begin operations soon. He also stressed that the development of modern banking is one of the central bank’s key ongoing goals.

Economy minister: Remaining on FATF blacklist unjustly labels Iran as money launderer 

Iran's minister of economy has criticized the continued inclusion of Iran on the Financial Action Task Force (FATF) blacklist, arguing it unfairly labels the country as engaging in money laundering. 

Iran’s Chabahar Free Zone, Armenia business sectors sign cooperation agreements

The Chabahar Free Zone Organization on the coast of Oman Sea in southeastern Iran, has signed four cooperation agreements with four Armenian economic actors, aimed at providing the necessary groundwork and conditions to facilitate, expedite, guide, and support investment in the region.

Customs: Iran’s non-oil trade in past 7 months surpasses $70bn

Iran's Customs Administration released a report on Monday detailing the country's foreign trade statistics for the first seven months of the current Iranian year.

Iran’s foreign trade hits $100b

The value of Iran’s foreign trade has reached $99.7 billion during the first seven months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration (IRICA) said in a report.

Iranian vice president: Joining FATF under review by administration

The Iranian vice president for legal affairs says the Financial Action Task Force (FATF) is currently being reviewed by the ministry of economy and finance, following a directive by President Massoud Pezeshkian.

Iran’s economy minister: Internet filtering has limited, slowed economic activities in cyberspace

Iran’s Minister of Economy says the internet filtering has damaged the country’s economy and urged relevant officials to lift the restrictive measure.

Iran’s non-oil trade with neighbors reaches $32.6 billion in first half of 2024

Mohammad Reza Rezvanifar, the head of Iran's Customs Administration, announced that Iran's non-oil trade with 15 neighboring countries reached 50 million tons, valued at $32.6 billion, during the first half of the current year.

Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’

Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’

Head of Securities and Exchange Organization of Iran steps down amid loan row, red market

The Chairman of the Board of the Securities and Exchange Organization of Iran Majid Eshghi confirmed on Saturday he resigned from the post after a long period that the markets have been in the red, and days into a reported row over low-rate bank loans he received.

Controversy surrounds billion-toman loans to Iran’s stock market board amid public outcry

Iranian media is abuzz with controversy after it was revealed that senior members of the country's Securities and Exchange Organization (SEO) granted themselves loans totaling 10.5 billion tomans. 

Official: Illegal import of iPhones costs Iran $900mn

Iran’s ban on importing iPhone cellphones has led to a capital flight of 900 million dollars to sneak the phones in high demand into the country through illegal channels and smuggling, the head of the country’s Association of Mobile Phone Importers says.

Iran’s president terms expansion of intl. interactions as key to resolving economic problems

Iranian President Masoud Pezeshkian has described the expansion of international interactions as a key solution to the country's economic challenges. He also emphasized his administration's endeavours to foster such cooperation and attract foreign investment.

Iran president’s pick for trade ministry says ‘rise in non-oil exports’ on agenda

Iranian President Massoud Pezeshkian’s nominee for the ministry of industry, mine, and trade says developing exports and boosting the country’s trade balance through increasing non-oil exports is a top priority in his program.

How will Haniyeh assassination affect Pezeshkian’s economic aspiration?

The assassination of the Palestinian resistance movement Hamas’ political chief Ismail Haniyeh on Wednesday in Tehran in an Israeli plot just a day after Iranian President Massoud Pezeshkian’s inauguration ceremony, casts a pall over the president’s economic agenda amid spiraling tensions, an Iranian daily warns.

Survey shows Iranians upbeat Pezeshkian administration able to tame inflation

A new poll found that a majority of Iranians are upbeat that the new Iranian President Masoud Pezeshkian and his administration can tame high levels of inflation in the country. The swearing-in ceremony for Pezeshkian was held at the Parliament on Tuesday.

Data: Iran’s non-oil exports rise 8.3 percent

Iran’s export of non-oil items has increased by $1.35 billion during the first four months of the current year on the Iranian calendar, staring on March 20, according to official figures.

Iran’s trade with neighbors hits $20bn mark

Iran’s trade with its neighboring countries has reached 20 billion dollars, showing a 6-percent increase in the past 4 months.

Iran’s currency strengthens after Pezeshkian wins presidential election

Iran’s national currency, the rial, is still in the doldrums having lost considerable value since last year – but it regained some lost ground at market open on Saturday. It comes after Reformist candidate Masoud Pezeshkian won Iran's presidential election, securing 53.3% of the votes and defeating his principlist rival Saeed Jalili

“Next Iran president should seek experts’ opinions on FATF”

In a recent statement, Ali Akbar Salehi, Iran's former Head of the Atomic Energy Organization, emphasized that whoever assumes the Iranian presidency will certainly have to seek the advice of experts on Iran's decision to join the Financial Action Task Force (FATF). 

Iranian daily: Hyperinflation breaking people’s back, gov’t just keeps watching

Iran’s Jomhouri-e Eslami newspaper has blasted the Iranian government for what it called just standing idly by and watching while the cumbersome extreme inflation is affecting people’s livelihood.

Reoort: Raisi’s administration sets inflation record

Iran’s Ham-Mihan newspaper says the country has experienced its highest inflation in 80 years during the administration of President Ebrahim Raisi’s tenure.

Official: Iran has become regional economic, industrial hub

Iran’s Minister of Industries, Mines and Commerce Abbas Aliabadi says Iran has turned into a regional trade and industrial hub despite the Western sanctions.

Iranian daily: Government’s economic reports in conflict with people’s daily life

Iranian President Ebrahim Raisi’s administration has failed to relieve people of the economic burden in their daily lives despite ‘promising’ reports released by the government, an Iranian newspaper argues.

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