Iran Economy

Iran’s Economic Growth Rate Becomes Positive Despite US Sanctions

Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues.

Iran, Turkey Can Turn into Role Model for Friendly Ties in Region: Vaezi

Mahmoud Vaezi, the Chief of Staff of the Iranian president's office, has hailed Iran-Turkey relations as two friends and neighbours, calling for further development of economic cooperation between the two sides.

Tehran, Dohan to Forge Closer Economic Cooperation

Iran and Qatar have reiterated their determination to further enhance their economic cooperation.

Iran Absorbs $3.8bn in Foreign Investment in 7 Months

Iran’s economy minister says some $3.8 billion worth of foreign investment was funneled into the country from April to October, 2020.

Iran Calls for Closer Cooperation Among Eurasian Nations

Iran’s energy minister says the country can play a pivotal role in cementing cooperation among member states of the Eurasian Economic Union (EAEU).

Iran’s President Unveils New COVID-19 Restrictions

President Hassan Rouhani has unveiled countrywide plans for a new round of restrictions to break the transmission of the coronavirus pandemic by categorizing more than 100 cities as red zones.

Iran Introduces Package to Support Coronavirus-Hit Tourism Industry

The Iranian government has introduced a new package to support the tourism businesses affected by the COVID-19 crisis, which includes deferments and bank loans.

Iranian, Turkish Presidents Discuss Enhancement of Trade Ties

Iran's President Hassan Rouhani has called for the promotion of economic and trade cooperation with neighbouring Turkey to mitigate the negative effects of the US sanctions and the outbreak of the coronavirus pandemic.

Iran Urges Expedition of Trade with Neighbouring Countries

The Iranian president has instructed relevant authorities to set up a working group immediately to remove bureaucratic obstacles to trade and economic relations with neighbouring countries.

Iran to Hold Forum on Promotion of Trade with Africa

The Trade Promotion Organization of Iran is going to hold a forum in early October to weigh plans for boosting Iranian exports to the African nations, an official has announced.

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian...

Iran, Turkey to Develop Business Ties in Various Sectors: Official

An Iranian top official says Tehran and Ankara are going to develop their cooperation in a wide range of business sectors, especially banking, as soon as possible.

Iran’s Revenues from Non-Oil Exports Exceed Value of Imports: President

Iranian President Hassan Rouhani has highlighted his administration’s success in boosting the export of non-oil products, the income from which has exceeded the value of imports for the first time over the past 60 years.

Iran’s Economy Shrinks by Only 3% after COVID-19: President

Iranian President Hassan Rouhani said while the novel coronavirus pandemic has slashed major economies in the world by up to 20 percent, Iran’s economy has contracted only by 3 percent.

Iran Leader Calls US Model of Governance ‘Utter Failure’

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei says the United States’ model of governance has proven “an utter failure,” and human values have taken the biggest hit in America.

Rouhani’s Administration to Release Annual Economic Road Map

Iranian President Hassan Rouhani says his administration has come up with a road map to economy for the final year of his tenure.

Sanctions Fail to Stop Iran Making Progress: Rouhani

The Iranian president says sanctions have failed to keep Iran from moving ahead on the path to development and progress.

Iran’s Economy Growing Despite Sanctions, COVID-19 Outbreak: Rouhani

The Iranian president says the country is making progress on the economic front despite the pressure caused by sanctions and the Coronavirus pandemic.

150 Iranian Companies Exporting Medicinal Herbs

Iranian companies producing medicinal herbs are exporting their products as they tap into the existing potential to further expand the industry.

Iran’s Non-Oil Exports Could Reach $41bn This Year: President

The Iranian president says the country’s non-petroleum exports could touch $41 billion, which would be a surplus to domestic needs.

VP Urges Boost to Iran’s Non-Oil Exports

Iran’s First Vice President Es’haq Jahangiri has described a surge in the export of non-oil products as a top priority in the administration’s economic policy, calling on all governmental and private sectors to contribute to the promotion of non-oil exports.

Iranian MPs to Question President over Economic Woes

At least 200 members of the Iranian parliament have signed a motion to question President Hassan Rouhani over his administration’s handling of economic woes and the national currency’s decline.

Iran Blames Int’l Psy-War for Historic Devaluation of National Currency

Iranian President Hassan Rouhani says an international psychological warfare and an unrealistic anxiety among the people are the reasons for the recent fall in the value of Iran’s national currency, rial.

Tehran Okays Final Draft Version of Sino-Iranian Cooperation Plan

The Iranian Cabinet has approved the final draft version of the Iran-China 25-year cooperation plan.

Iran Exports $17bn Worth of Goods in 12 Months through Free Economic Zones

Some $17 billion worth of commodities were exported from Iran’s free trade zones and special economic zones in the one year to March 2020.

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