The International Monetary Fund expects the inflation rate in Iran to rise to 39% in 2021 from 36.5% last year and the unemployment rate to increase from 10.8% to 11.2%. In its new World…
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Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.</p>
Tehran Stock Exchange’s benchmark index shed 558 points or 0.7% during the week that ended December 28 to end at 79,692.
IFX, the over-the-counter Iran Fara Bourse’s main index lost 6.7…
Iran's Ambassador in Moscow Kazem Jalali said the recent blockage of the Suez Canal by a huge container ship has once again highlighted the importance of the International North–South Transport…
Iran’s handwoven carpet production increased by 34% in the first 10 months of last Iranian year (March 20, 2020-Jan. 21) compared with the similar period of the preceding year, the head of…
India expects to start full-scale operations at Iran’s Chabahar Port by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of…
A new EU helpdesk for European SMEs and the slow progress of INSTEX were among a wide range of topics discussed at the Europe-Iran Business Forum on 1-3 March. Ambrosetti Middle East and…
India has proposed the inclusion of Chabahar Port in the International North-South Transport Corridor, the country’s External Affairs Minister S. Jaishankar said on Thursday, expressing hope…
India will supply four more mobile harbor cranes to Iran's Chabahar Port by the end of June this year, a government official said on Friday. In January, India supplied Chabahar Port a…
There have been no requests for Iran's accession to the Eurasian Economic Union, Iya Malkina, an aide to the chairman of the board of Eurasian Economic Commission, said on Feb. 17 while…
Esfahan Steel Company (ESCO) was awarded the National Medal of Honor in a ceremony held to mark the 24th National Export Day on Monday. Mansour Yazdizadeh, CEO of the company, received the…
The Fourth Iran-Iraq Economic Commission meeting opened in the Iranian capital Tehran on Tuesday. Held after a six-year hiatus, the two-day event is attended by high-ranking officials from both…
Iran’s GDP in 2020-21 is estimated to contract by 3.7% due to a dual contraction of the non-oil and oil sectors. The World Bank’s growth forecast remains moderate compared to regional…
The World Bank expects Iran’s economy to bounce back from negative growth in 2021 with 1.5% expansion in gross domestic product. In its latest Global Economic Prospects report published in 2021…
The Iranian economy entered a third consecutive year of recession following the triple-shock of sanctions, oil market collapse and Covid-19.
Pishin border crossing between Iran and Pakistan will be officially opened in two months, said Pakistan’s Minister for Defense Production Zubaida Jalal Khan recently. “Pakistan’s…
The Islamabad-Tehran-Istanbul freight train is expected to resume operations in early 2021 to boost Pakistan’s trade with Turkey and Iran.
Iran’s economy grew by3% in the six months to mid-September compared with the same period of last year, despite an ongoing struggle with the Middle East’s worst coronavirus outbreak and…
Iran’s agricultural exports in the first half of the current fiscal year (March 20-Sept. 21) increased by 12.2% despite the coronavirus outbreak, says an official with the Islamic Republic of…
An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6…
Russia is planning to build a port on the Caspian Sea near the city of Lagan to increase trade in the region and beyond. Plans to build the port have been included in the official Russian…
Guangzhou in China and Iranian capital Tehran are among four more destinations that will rejoin Emirates’ network this summer, bringing the total number served by the Middle Eastern carrier in…
India's Ministry of External Affairs has downplayed the recent controversy with its longstanding partner Iran, even as media reported that India had been dropped out of the Chabahar-Zahedan…
Iran’s red meat production has increased from 755,000 tons in March 2013-14 to 815,000 tons in the fiscal 2016-17, indicating a 7.9% rise over the four-year period.
Red meat production…
The Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year’s (starting March 20, 2020) budget bill on Monday. The legislators cast 67 votes for and 114…
The US Federal Aviation Administration is allowing US airlines to resume operations over large areas of the Persian Gulf after it barred American carriers from the area in the wake of tensions…
