Iran Economy

Trade transactions between Iran and the European Union (EU) reached €13.744 billion in 2016, showing a 78-percent growth compared to the figure for 2015.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the issue of economy is a priority for Iran, adding that the enemies seek to undermine the trust of the Iranian nation in the Islamic establishment through mounting economic pressure.

In a ceremony attended by Iran’s First Vice-President, 23 individuals were awarded the “Amin al-Zarb” badge of entrepreneurship for their distinguished role in fostering economic empowerment.

Plans are underway to raise the value of the national ‘Amin al-Zarb’ medal to the level of Nobel Memorial Prize in Economic Sciences, said a senior Iranian trade official.

President Hassan Rouhani says Iran's economic growth currently stands at 7.4 percent, and this has no parallel in the region.

The World Bank says Iran’s foreign debts have significantly dropped since 2011 when the country faced a series of US-led sanctions.

An Iranian analyst has explained why Iran’s economy found its way to growth during the past years while the Venezuelan economy ended in meltdown in spite of having better economic conditions.

The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions.

A former commander of the Islamic Revolution Guards Corps (IRGC) says the nuclear deal between Tehran and world powers is like a snowball that is gradually melting.

An Iranian official says the country’s debit cards will be connected to global banks in the coming months.

Three quarters of Iranians believe that Iran’s economy didn’t improve after the nuclear deal between Tehran and world powers.

Iran’s President Hassan Rouhani presented the draft budget for the next Iranian year (which will begin on March 21, 2017) to the Parliament on Sunday.

Iranian Foreign Ministry Spokesman Bahram Qassemi announced that the country’s alleged deal with Financial Action Task Force (FATF) has nothing to do with the nuclear deal between Tehran and world powers.

Central Bank of Iran (CBI) Chief Valiollah Seif announced plans for a comprehensive reform of the country’s financial sector, including changes in laws and regulations of the banking sector and the Central Bank.

Iranian Vice-President Eshaq Jahangiri underlined the significance of transfer of technology knowhow in foreign contracts, and described it as a necessity within the frameworks of Resistance Economy.

President Hassan Rouhani said that issuing participation bonds by large private companies is a realizable goal, and promised to expedite the required arrangements.

Spokesman for the Iranian Administration Mohammad Baqer Nobakht announced on Tuesday, June 21, that the country’s annual inflation rate has fallen below 10% for the first time in several years.

A senior nuclear negotiator says Iran’s return to normal business will take time after the lifting of sanctions but US hindrances are making it difficult.

The latest official figures show that Iran’s trade surplus for a period of 12 months starting 21 March 2015 turned positive for the first time in almost 37 years.

Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.

President Hassan Rouhani on Tuesday praised nation's resistance and patience during nuclear negotiations between Iran and P5+1.

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

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.

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.

Industry Minister Mohammad Reza Nematzadeh has said that Iran has set a target of $190b in exports for 2025.