Iran Economy

The latest news and views about the economy of Iran

Media Wire

Enemies Using Economic Pressure to Achieve Goals: Iran Leader

IFP Media Wire -
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.
Economy

Iran Awards National Medal to Top Entrepreneurs

IFP Editorial Staff -
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.
Economy

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

IFP Editorial Staff -
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.
Economy

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

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

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

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

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

IFP Editorial Staff -
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.
Economy

Increasing Dollar Rates in Iran Provoke Criticism

IFP Media Wire -
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.
Economy

JCPOA Is Like a Melting Snowball: IRGC General

IFP Editorial Staff -
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.
Finance

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

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

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

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

13% Growth in Budget Bill Rouhani Submitted to Parliament

IFP Editorial Staff -
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.
Finance

FATF Has Nothing to Do with JCPOA: Spokesman

IFP Editorial Staff -
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.
Finance

Iran Seeking Major Financial Reforms: CBI Chief

IFP Media Wire -
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.
Economy

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

IFP Editorial Staff -
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.
IFP Exclusive

Government Permits Private Sector to Issue Participation Bonds

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

Inflation Rate in Iran Down to Less than 10%

IFP Editorial Staff -
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.
Economy

Official: US hindering Iran’s recovery

Emad Askarieh -
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.
Economy

Iran’s trade surplus positive for 1st time in 37 years

Emad Askarieh -
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.
Economy

Tehran bourse roars to 2-year high

Emad Askarieh -
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.
Economy

President praises nation’s resistance, patience during nuclear talks

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

Rouhani foresees ‘economic boom’ next year

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

World Bank expects Iran’s economic growth to hit 5.8% in 2016

Emad Askarieh -
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.
Economy

Post-JCPOA Iran on course to winning WTO membership

Emad Askarieh -
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.
Economy

Iran can use the knowledge of foreign managers to get into global markets

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

An economist: Mr. Zarif is in the right

Golrokh Askarieh -
An Iranian economist has said that the country has to go right back to where it started from during Ahmadinejad's presidency and make up for what it lost if it seeks to secure economic growth.
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