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The latest news and views about the economy of Iran

Foreign Investment in Iran Increased by 50%: Minister

Foreign Investment in Iran Increased by 50%: Minister

Iran’s economy minister says in the first six months of the current Iranian year, the amount of foreign investment in the country has increased by 50% compared to the same period last year.
Rise in Iran’s Sugar Output Saves $1 Billion in Expenses

Rise in Iran’s Sugar Output Saves $1 Billion in Expenses

Caretaker of the Iranian Ministry of Agriculture says a rise in the domestic production of sugar has helped the government save nearly $1 billion in imports from abroad over the past seven years.
Iran’s Trade Volume Over $72bn in 10 Months

Iran’s Trade Turnover Over $72bn in 10 Months

An Iranian senior official says the value of Iran’s imports and exports during the past ten months has been over 72 billion dollars, which shows a rare increase in value.

Iran Says Barriers to Transit Ties with Neighbours Removed

Iran’s minister of roads and urban development says all transit and customs issues between the Islamic Republic and the neighbouring countries have been resolved, and the Iranian fleet can now move to Europe and China.
Iran to Build Houses for Low-Income Families

Iran to Build Houses for Low-Income Families

Iranian Vice President says the government is to build houses for low-income families, including ten thousand residential units for the people of Khorasan Razavi province.
Rouhani at KL Summit 2019

Muslim World Must Get Rid of Dollar Dominance: Rouhani

Iranian President Hassan Rouhani has called on the Muslim world to find ways to get rid of the dominance of the US dollar in the world economy.

Iran’s Share of Iraqi Imports Reaches 25 Percent

One-fourth of the total imports into Iraq come from Iran, an Iranian official has announced.

Economist Explains Reasons for Advocating Fuel Rationing in Iran

One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.
Iran Says Ready for Close Cooperation with Russia’s New Gov’t

Iran Reveals Details of $5 Billion Loan from Russia

Iran’s energy minister says the country has already received a $2.2-billion loan from Russia and the remaining $2.8 billion would be paid to Iran in the next month.
Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

A senior Iranian official says cash subsidies to improve the Iranian people’s livelihoods have been paid to some 60 million citizens in the past few days after gasoline prices were tripled.