Iran Economy

Iranian daily Jomhouri Eslami - Islamic Republic – has strongly criticized the government’s handling of the economic situation in the country, saying the pressure people are facing to provide for their livelihoods “has broken their backs”.

Iran’s service inflation rate reportedly hit a record high in the autumn of 2021.

A report by the Iranian parliament’s center for research show capital inventory will be in the negative zone this Iranian calendar year to March 2022 for the third consecutive year.

The 15th Iran Plast exhibition, the largest specialized expo on polymers in the Middle East, has opened in the Iranian capital Tehran in a ceremony with the presence of Oil Minister Javad Owji.

Iran’s Islamic Revolution Leader says the enemy has tried to deal a blow to the country’s economy by waging an economic war.

The chief of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) expressed his satisfaction with the worth of exports, saying the coordination between the government’s currency and trade policies has effectively helped Iran’s exports touch more than $40 billion.

The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,

An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.

The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.

Iran’s president says the top priority for his administration is to tackle the sanctions imposed on the country by the United States.

An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.

Raisi: No plans to raise gasoline prices

An Iranian lawmaker says fuel is being smuggled out of the country in great volumes due to the subsidized prices inside Iran.

Iran’s President Ebrahim Raisi has urged vigilance as “ill-wishers” are bent on torpedoing ties between the Islamic Republic and its neighbors.

Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.

Iran’s deputy foreign minister for economic diplomacy says the government is planning to double trade with neighboring countries.

Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.

Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.

Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.

Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.

Iranian President Ebrahim Raisi has called on the Economic Cooperation Organization (ECO) to remove the obstacles to trade exchanges among its member states.

Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.

Illicit trade in small arms and light weapons not only exacerbates violence, but also fuels crime and terrorism across the globe, Iran’s permanent ambassador to the United Nations (UN) warns.

Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.

The Republic of Azerbaijan has reportedly released two Iranian truck drivers it detained in September, suggesting the bordering countries are trying to reduce tensions and avoid a possible conflict over critical transit routes and the Zionist regime’s presence in the region.