Iran Economy
The latest news and views about the economy of Iran
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.Â
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).Â
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.
Iran says beats sanctions, economic growth exceeds 6 percent
The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.
IMF revises up economic growth projection for Iran in 2023
The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.
Official says Iran in talks with several countries to set up joint free zones
Secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojjatollah Abdolmaleki has said negotiations are underway between Tehran and 21 states to launch joint free zones.
Official says Iran’s trade with SCO states climbed 5.5%
Tehran’s international trade with the Shanghai Cooperation Organization (SCO) has increased to over $37 billion in the first 10 months of the current Iranian calendar year starting on March 21, 2023, an Iranian official has stated.
IMF says Iran’s economy registered 5.4% growth last year
The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4 percent.
Official: Iran’s non-oil exports hit $36bn
Iran’s non-oil exports have reached $36bn over the past nine months.
Official: Iran’s non-oil exports hit 54.6 billion dollars
The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.
Analyst: Fixing Iran economy contnigent on JCPOA, FATF
A Tehran-based international expert says that the key to reviving Iran's stagnant economy lies in resolving the issues surrounding the Joint Comprehensive Plan of Action (JCPOA), the International Atomic Energy Agency (IAEA), and the Financial Action Task Force (FATF).