Economy

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

  • Government to Authorize Crypto Hardware Imports
    Key entities in Iran's government are preparing to officially endorse the import of hardware required to mine cryptocurrency in complementary efforts aimed at backing crypto mining to help an...
  • Gov’t Struggles to Put Pharma Market in Order
    The Iranian government says it is providing subsidized foreign currency to importers and producers of medicines to prevent the rise in prices, as the value of rial has taken a nosedive.  “The...
  • TEDPIX Loses 2,408 Points
    Tehran Stock Exchange’s main index lost 2,408.96 points or 1.52% on Sunday to end trading at 155,710.2. About 4.96 billion shares valued at $98.46 million changed hands at TSE for the day....
  • Iraq Tar Transit to Pakistan Via Iran Railroad
    A shipment of tar has been transited from Iraq to Pakistan for the first time through Iran’s railroad, the director general of the South East Railroad Company announced.  Majid Arjouni added that...
  • Ardakanian to Chair Economic Commissions With Russia, Germany
    The Energy Ministry has been appointed as the body responsible for Iran’s joint economic commissions with Russia and Germany. This was proposed by Foreign Minister Mohammad Javad Zarif and...
  • NASA Satellite to Map Earth’s Ice With Space Laser
    A $1 billion NASA mission that will use a laser to track changing ice levels on Earth...  
  • Iron Ore Concentrate Up 19%
    A total of 18.42 million tons of iron ore concentrate were produced in Iran during the first five months of the current fiscal year (March 21-August 22) to register a 19% growth compared with last...
  • Press Iron Imports at $1.13m  in 4 Months
    Close to 185 tons of press iron worth more than $1.13 million were imported into Iran from four countries during the first four months of the current Iranian year (March 21-July 22), data released...
  • Rial’s Slide Necessitates Bank M&A
    A senior banking official said the steep fall in the value of rial against the US dollar has strained banks’ balance sheets by dealing a blow to their capital levels.  Kouroush Parvizian, the head...
  • FAO Surveys New Plant Breeding Approach in Iran
    An evolutionary, participatory plant breeding approach compatible with the Iranian environment has been successful in reducing vulnerabilities of small-scale farmers, improving crop yields and...
  • TEDPIX Ends Sat. Trading 1.97 Percent Higher
    Tehran Stock Exchange’s main index gained 3,058.12 points or 1.97% on Saturday to end trading at 158,119.2. About 4.16 billion shares valued at $120.88 million changed hands at TSE for the day....
  • Iran’s major aluminum companies produced an aggregate of 151,691 tons of aluminum products during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 10% increase...
  • Trade With Turkey Hit $1.6b in  5 Months
    Iran traded 1.47 million tons of non-oil commodities worth $1.60 billion with Turkey during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 1.22% growth in...
  • Kerman Pistachio Farmers’ Losses Exceed $200m
    Pistachio farmers in Kerman Province have incurred losses of 30 trillion rials ($227 million) so far in the current Iranian year (started March 21) due to a drastic decline in production, the head...
  • GM Recalling 1m Vehicles
    General Motors is recalling more than a million pickup trucks and SUVs in the US because of...
  • Exports by Iranian Steelmaking Heavyweights See 5% Growth
    Major Iranian steelmakers exported a total of 3.10 million tons of semi-finished and finished steel products during the first five months of the current fiscal year (March 21-Aug. 22) to register a...
  • Qeshm Exports Up 48 Percent
    More than 76,170 tons of non-oil commodities were exported from Qeshm Island’s ports during the first five months of the current Iranian year (March 21-Aug. 22) to register a 48% growth compared...
  • De-Dollarization Beneficial to Iran Trade Relations
    After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now...
  • Toothbrush Imported From 9 Countries
    More than 296 tons of toothbrush worth close to $3.65 million were imported into Iran from nine countries during the first four months of the current Iranian year (March 21-July 22), the Islamic...
  • Gov’t to Tax POS Transactions
    The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced.  "...
  • Short-Term Deposits Top Bank Maskan Resources
    Bank Maskan, the agent bank of Iran’s housing sector, has released the latest report on its resources and expenses, indicating that its customers mostly favor short-term deposits. According to a...
  • US Studying Potential Iran Sanction Waivers
    The United States is still studying possible waivers of sanctions against countries or businesses that...
  • Support for New CBI Measures
    Former governor of the Central Bank of Iran, Tahmasb Mazaheri, has welcomed the action taken by CBI in establishing the Secondary Forex Market, adding that by doing this, the bank has accepted the...
  • Volkswagen’s Iconic Beetle Hits End of Road
    Volkswagen is ending production of its Beetle in 2019, closing the door on one of the...
  • 2 MoUs Signed to Boost Job Creation
    The Plan and Budget Organization of Iran signed a memorandum of understanding with the Ministry of Cooperatives, Labor and Social Welfare on Saturday to increase employment opportunities in the...

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