• How Turkey’s Lira Crisis Could Impact Iran

    Over the past week, the value of Turkish lira collapsed yet another time. 
    At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira’s slide will have a ripple effect on Iran’s economy. 
    “The 40% drop in the Turkish lira in recent months could escalate the outflow of currency from Iran toward the neighboring country’s real-estate market. The Central Bank of Iran needs to take into account the new developments and their knock-on effects on Iran’s economy. On top of that, cheap imports [of consumer goods] from Turkey might lead to an even more alarming situation for the manufacturing sector in Iran,” he said.

Domestic Economy

  • CBI: Inflation at 10.2%
    07/28/2018
    The average goods and services Consumer Price Index for urban areas in the 12 months ending July 22, which marks the end of the Iranian month of Tir, increased by 10.2% compared with last year’s...
  • India to Officially Start Operations at Chabahar Soon
    07/28/2018
    Managing Director of Ports and Maritime Organization of Iran Mohammad Rastad said India will officially begin the $85 million investment it has committed in Chabahar Port soon.  He made the...
  • Need to Explore Maritime Transport Alternatives
    07/26/2018
    Less than a fortnight before the first wave of US sanctions hit Iran on August 6, Hapag-Lloyd, the multinational German-based transportation company said it will increase its cargo and container...
  • 17% Growth in Non-Oil Trade With Pakistan
    07/26/2018
    Iran traded 736,089 tons of non-oil commodities worth $364.89 million with Pakistan during the first three months of the current Iranian year (March 21-June 21), registering a 14.79% and 17.9%...
  • Deadline for Customs Clearance of Rice: Aug. 11
    07/26/2018
    Rice shipments have until August 11 to undergo customs clearance procedures, provided they acquired warehouse receipts or declaration forms before the end of working hours on July 22, the director...
  • Ban on Retiree Reemployment in State Bodies
    07/26/2018
    Members of the Iranian Parliament on Tuesday approved a motion to ban the reemployment of retirees in state organizations of executive branch. The law would not apply to heads of the three branches...
  • Q1 Business Environment  Index Goes Downhill
    07/26/2018
    Iran’s National Business Environment Index came in lower in the first quarter of the current fiscal year (March 21-June 21) compared with the previous quarter, according to a study by the...
  • Tax Filing Becomes Fully Electronic
    07/26/2018
    The first-ever 100% electronic filing of tax returns this year is the indication of development of electronic government in Iran, the head of Information Technology Organization of Iran said. ...
  • Dates Exported to 69 Countries
    07/26/2018
    More than 83,194 tons of dates worth over $95.38 million were exported to 69 countries during the first three months of the current Iranian year (March 21-June 21), based on the latest figures...
  • Tomato Paste Exports Earn $43 Million in  3 Months
    07/26/2018
    Iran exported 30,804 tons of tomato paste worth $43.8 million during the first three months of the current Iranian year (March 21-June 21), Financial Tribune culled the data based on the Islamic...
  • Gov’t Plans to Offer Cheap Loans to Retirees
    07/26/2018
    Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said the government is planning to offer low-interest loans to pensioners for purchasing necessity goods. The repayment period of these...
  • Non-Oil Trade With Turkey Down 10%
    07/25/2018
    Iran traded 895,264 tons of non-oil commodities worth $973.48 million with Turkey during the first three months of the current Iranian year (March 21-June 21), registering a 5.14% growth in tonnage...
  • Coke, Oil Products Most Attractive Investment of Choice
    07/25/2018
    A recent report published by the Ministry of Industries, Mining and Trade shows coke and oil products are in the limelight when it comes to sectors of interest for investors. The report covering a...
  • Ambassadors to Attend Private Sector Forum
    07/25/2018
    A forum between Iranian ambassadors and private sector economic players is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture on July 29. The event, which is to be...
  • 2,500 Cases of Tax Evasion Identified
    07/25/2018
    About 2,500 cases of tax evasion and 3,000 shell companies have been newly identified by the Ministry of Economic Affairs and Finance. Noting that the ministry will not go easy on tax evaders,...
  • Iran’s Saffron Exports Fetch Over $77m in 3 Months
    07/25/2018
    Close to 56.2 tons of saffron worth over $77.4 million were exported to 46 countries during the first three months of the current Iranian year (March 21-June 21), based on the latest figures...
  • Q1 Unemployment Rate Drops to 12.1 Percent
    07/25/2018
    Iran’s unemployment rate in the first quarter of the current Iranian year (March 21-June 21) stood at 12.1%, registering a 0.5% drop compared with the same period of last year, according to the...
  • Tehran to Host HIGEX 2018
    07/25/2018
    The Third International Exhibition of Horticulture, Raw Materials, Greenhouses, Herbal Medicines and Related Industries, Machinery and Equipment, also known as HIGEX 2018, will be held in Tehran...
  • Non-Oil Trade With India Down 15%
    07/24/2018
    Iran traded 2.66 million tons of non-oil commodities worth $1.15 billion with India during the first three months of the current Iranian year (March 21-June 21), registering a 17.87% and 15.32%...
  • Iran Jumps 20 Notches in  United Nations’ E-Gov’t Survey
    07/24/2018
    Iran improved its E-Government Development Index and ranked 86th in the world, according to the United Nations’ latest e-government survey.  In fact, Iran was one of the 17 countries among the 193...
  • Production Units in Dire Straits
    07/24/2018
    Data from Iran’s Small Industries and Industrial Parks Organization show industrial estates across Iran have 33,012 production units, 7,875 of which (23.85%) have stopped operating and 11,807 units...
  • Kish Island to Host Iran AirShow
    07/24/2018
    The Ninth International Iran AirShow is scheduled to open on Nov. 26 at Kish International Exhibition Center, the official website of the expo (www.iranairshow.com) announced. The four-day event...
  • 07/24/2018
    The average goods and services Consumer Price Index in the 12-month period ending July 22, which marks the end of the Iranian month of Tir, increased by 8.7% compared with last year’s corresponding...
  • Over 210K Tons of Tomatoes Exported in  3 Months
    07/24/2018
    Iran exported 217,909 tons of tomatoes worth $74.2 million during the first three months of the current Iranian year (March 21-June 21). Financial Tribune culled the above data from the Islamic...
  • Cabinet Approves Division of Cooperatives Ministry
    07/24/2018
    The Ministry of Cooperatives, Labor and Social Welfare will be split into two separate ministries of “Social Welfare” and “Labor and Cooperatives” following the Cabinet’s approval on Sunday.  The...

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