Economy

Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.

  • Entrepreneurship Expo on SUT Agenda
    Sharif University of Technology is to hold the fourth round of an exhibition focused on commercializing innovative ideas in autumn. Titled “Sharif Technology Family and Knowledge-Based Economy,”...
  • $33m Allocated to Complete Highway Project
    The Plan and Budget Organization of Iran has agreed to allocate 4 trillion rials (close to $33 million) for completing the 8.5 kilometers left of Qazvin-Rasht Highway Project, a deputy minister of...
  • Tehran to Host Int’l Water, Wastewater Expo
    The 14th Iran International Water and Wastewater Exhibition, also known as WATEX 2018, has been scheduled to open at Tehran International Fairground on October 3, according to the event’s official...
  • Liquidity Surpasses $150b
    The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end of the fourth month of the current fiscal year on July 22, the latest report by...
  • Currency Repatriation Rules Notified
    The Central Bank of Iran notified a directive on Monday, elaborating on rules based on which exporters are required to bring back their export earnings into the “economic cycle” of the country. The...
  • Cabinet Gives Nod to Import of Medical Equipment
    The Iranian Cabinet permitted, in its Sept. 5 session, the import of medical equipment that have locally-manufactured counterparts due to the special condition of the country. Such imports must...
  • Retail sales of cars, SUVs and multipurpose vehicles declined 7.4% to 1.76 million units in August.
    China’s car sales fell for a third straight month as an intensifying trade dispute with the US...  
  • Optimism Over AML Legislation Before FATF Deadline
    Despite the opposition of some factions about the country falling in line with standards set by the Financial Action Task Force, optimism abounds among moderate lawmakers and pundits that the...
  • TEDPIX Trade Gains 3.35%
    Tehran Stock Exchange’s main index gained 4,764.26 points or 3.35% on Monday to end trading at 146,998.7. The record jump was most likely caused by the relative price adjustment of corporate...
  • New CBI Entities Approved
    Members of Majlis Economic Commission on Sunday approved the formation of new specialized committees within the Central Bank of Iran for reviewing articles related to long-awaited bank reforms....
  • ATR in Talks With Alternative Buyers for 8 Iran Planes
    Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks...
  • Reasons Behind Export Ban Explained
    The government’s recent ban on exports of certain products, including tea, oilseeds, palm oil, sugar, milk powder, baby formula, butter and meat, is aimed at regulating the domestic market and...
  • Industrial Exports Down 7% in Q1 2018-19
    Exports of Iran’s industrial sector, excluding crude oil, hit 26.74 million tons worth $17.91 billion during the first three months of the current Iranian year (March 21-June 21). This registers a...
  • Launched by the European Commission in 2008, the Enterprise Europe Network helps businesses innovate and grow on an international scale.
    Plans are underway to create an Iranian consortium to join the Enterprise Europe Network with the...
  • Non-Oil Exports From Kish  Jump 211%
    Close to 1.16 million tons of non-oil commodities were exported from Kish Port in southern Iran during the first five months of the current fiscal year (March 21-Aug. 22), registering a 211% jump...
  • Trade With Iraq Grows 28%
    Iran traded 6.39 million tons of non-oil commodities worth $3.43 billion with Iraq during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 16.32% and 28.2% growth...
  • Lucrative Delicacy Made in Qom: $2b Exported p.a.
    Some $2 billion worth of sohan–a traditional Persian saffron brittle toffee made in Iran–are exported from Qom Province in southwest Tehran every year. The announcement was made by Amir...
  • Tehran to Host Int’l Fisheries Expo
    The Third International Fisheries Industry Exhibition, also known as IFEX 2018, is scheduled to open at Tehran International Fairground on October 3, the official website of the event (Ifex.ir)...
  • Stationery Imports Hit $9m in 5 Months
    A total of 1,330 tons of stationery products worth $9.51 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22). Importers of stationery raw...
  • Plan to Ease Home Loan Rules
    As prices of all goods and services, including apartments, are rising in Iran due to an ongoing currency crisis, the government is pondering on ways to facilitate conditions of homeownership to at...
  • TEDPIX Gains 2,605 Points
    Tehran Stock Exchange’s main index gained 2,605.74 points or 1.87% on Sunday to end trading at 142,234.4. About 3.56 billion shares valued at $69.74 million changed hands at TSE for the day....
  • Banana Imports at $200m in Five Months
    More than 209,650 tons of banana worth over $200 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22). This shows a 28.49% and 11.41% decline...
  • TSE Prospects Brighten  Despite Economic Downturn
    Trading at Tehran Stock Exchange has seesawed in the past few weeks.  While the main index TEDPIX surpassed 140,000 two weeks ago to set a historic record, the days that followed registered a 7,...
  • FATF Legislation Back on Agenda
    As Iran's October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government...
  • Fresh Banking Troubles for Iranians in China
    The past year has been especially difficult for Iranians working or studying in China due to financial...

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