Iran Economy

Which Markets in Iran Are Most Profitable?

Which are the most profitable markets for investment in Iran? This is perhaps the main question lingering in the minds of all investors and even those who are seeking to launch a business in Iran with their savings.

Tehran, Seoul Keen to Expand Business Ties: Larijani

Iran’s Parliament speaker says the Islamic Republic and South Korea have great potentials for investment and job creation, and both are interested in expanding their trade cooperation.

Foreign Clothing Brands Given Ultimatum for Operation in Iran

An official at the Iranian Ministry of Industry, Mine and Trade says an ultimatum has been given to the foreign clothing brands operating in Iran to increase their production in the country and boost exports of their products from the Islamic Republic.

Iran Will Soon Join Eurasian Economic Union

Signs are emerging that show the Eurasian Economic Union (EEU) – the Russia-led single market – is seeking deeper links with Iran after the re-election of President Hassan Rouhani.

Iran’s Global Standing Improved in 11 Indices in Rouhani’s Term

Assessments and reports by international organizations indicate an improvement in Iran’s performance and ranking in most of the international economic indices during 2013-16, the period of time when President Hassan Rouhani was in office.

Qalibaf Vows to Form “Ministry of Foreign Affairs, Int’l Trade”

Iranian presidential candidate Mohammad Baqer Qalibaf says, if elected, he will turn the foreign ministry into the “Ministry of Foreign Affairs and International Trade” so that the foreign policy apparatus can help improve Iran’s domestic economy.

Economy Likely to Be Most Pressing Theme in Iran Election Campaigns

With nominations now closed for the May 19 presidential election in Iran, the likely shape of the contest is beginning to emerge.

78% Increase in Iran-EU Trade Transactions

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.

Enemies Using Economic Pressure to Achieve Goals: Iran Leader

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.

Iran Awards National Medal to Top Entrepreneurs

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.

Iran Hopes Its National Medal Would Become as Valuable as Economic Nobel Prize

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.

Iran’s Economic Growth Has No Parallel in Middle East: Rouhani

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

World Bank Says Iran’s Foreign Debts Have Decreased by 64%

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

Economic Analyst Explains Why Iran Didn’t Turn into a Second Venezuela

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.

Increasing Dollar Rates in Iran Provoke Criticism

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.

JCPOA Is Like a Melting Snowball: IRGC General

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.

Iranians Will Be Able to Use Their Debit Cards in Other Countries

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

People Say JCPOA Had No Positive Effect on Iran’s Economy

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

13% Growth in Budget Bill Rouhani Submitted to Parliament

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.

FATF Has Nothing to Do with JCPOA: Spokesman

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.

Iran Seeking Major Financial Reforms: CBI Chief

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.

Transfer of Technology Knowhow, a Prerequisite to New Contracts: First VP

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.

Government Permits Private Sector to Issue Participation Bonds

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

Inflation Rate in Iran Down to Less than 10%

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.

Official: US hindering Iran’s recovery

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.

Latest news