Iran Economy

The latest news and views about the economy of Iran

Economy

Iran’s service sector inflation rate hits record high

IFP Editorial Staff -
Iran’s service inflation rate reportedly hit a record high in the autumn of 2021.
Economy

Iran parliament sounds alarm over key economic indicators

IFP Editorial Staff -
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.
Finance

15th Iran Plast exhibit opens in Tehran

IFP Editorial Staff -
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.
Foreign Policy

Enemy sought to shatter Iran’s economy: Iran Leader

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

‘Govt. coordinated currency, trade policies help Iran’s export value top $40bn’

IFP Editorial Staff -
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.
Economy

Central Bank Chief: Iran inflation down 17%, economic growth likely 8%

IFP Editorial Staff -
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.,
IFP Exclusive

Official: Smuggled Iran fuel fetches UAE over $20bn annually

IFP Editorial Staff -
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.
Economy

Iran parliament approves generalities of next year’s budget bill

IFP Editorial Staff -
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.
Foreign Policy

Govt. seeking to neutralize sanctions: Iran president

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

Iran govt. berates MPs for “being irresponsible” toward national economy

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

Raisi: No plans to raise gasoline prices

IFP Editorial Staff -
Raisi: No plans to raise gasoline prices
Economy

Iran MP: Fuel smuggled out in great volumes due to subsidies

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

Iranian president: Ill-wishers bent on scuttling ties with neighbors

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

Iran’s trade with neighbors reach $33bn in eight months: official

IFP Editorial Staff -
Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.
Economy

Iran aiming for doubling trade with neighboring countries

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

“Govt. budget pushes economy to brink, raises pressure on people”

IFP Editorial Staff -
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.
Economy

Raisi urges focus on domestic potential as he presents budget bill to MPs

IFP Editorial Staff -
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.
IFP Exclusive

Five arrested in Iran for destabilizing foreign exchange market

IFP Editorial Staff -
Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.
IFP Exclusive

Billions of dollars in frozen Iranian assets unlocked

IFP Editorial Staff -
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.
Media Wire

Iran urges ECO to remove trade barriers among members

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

Iran police bust illegal crypto trade network

IFP Editorial Staff -
Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.
Security

Iran: Illicit trade in small arms fuels terrorism

IFP Media Wire -
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.
IFP Exclusive

Iranian president says exports must increase

IFP Editorial Staff -
Iranian President Ebrahim Raeisi has underlined the need to boost exports to neighboring countries.
IFP Exclusive

“Azerbaijan Republic frees detained Iranian truck drivers”

IFP Editorial Staff -
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.
Economy

Iran workers call for a ban on foreign-made home appliances

IFP Editorial Staff -
Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.
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