Economy

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

  • Gov’t Mulls Tactics With Private Sector,  Foreign Diplomats to Counter Sanctions
    07/18/2018
    Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted a meeting of foreign diplomats and businessmen on Monday.  First Vice President Es’haq Jahangiri and Foreign Minister Mohammad...
  • IMIDRO Outlines Q1 Downstream, Upstream Steel Performance
    07/18/2018
    A total of 11.22 million tons of iron ore concentrate was produced in Iran during the first three months of the current fiscal year (March 21-June 21), to register a 20% growth compared with last...
  • TEDPIX Sheds 329 Points  in Tuesday Trading
    07/18/2018
    Tehran Stock Exchange’s main index lost 329.39 points or 0.3% on Tuesday to end trading at 107,780.6. About 1.59 billion shares valued at $107.19 million changed hands at TSE for the day. Trading...
  • Non-Oil Trade With China  Up 10%
    07/18/2018
    Iran traded 7.38 million tons of non-oil commodities worth $5.18 billion with China during the first three months of the current fiscal year (March 21-June 21), registering a 12.04% decline in...
  • Cuba Rolling  Out Mobile Internet Services
    07/18/2018
    Cuba has started providing Internet on the mobile phones of select users as it aims to roll out...
  • 154% Rise in Non-Oil Trade With Russia
    07/17/2018
    Iran traded 470,706 tons of non-oil commodities worth $459.94 million with Russia during the first three months of the current Iranian year (March 21-June 21), registering a 28.48% and 154.77%...
  • Graduate Unemployment: Root Causes and Remedies
    07/17/2018
    The unemployment of a great portion of university graduates is an issue afflicting the Iranian society.  In an article published in Financial Tribune’s sister newspaper Donya-e-Eqtesad, two...
  • Steel Sales Up 42% in Q1
    07/17/2018
    Coming out of a prosperous year with rising sales and profits, Iranian steel companies had a slower growth in the first three months of the current fiscal year (March 21-June 21), but still managed...
  • Raisin Exports Earn $153m
    07/17/2018
    Iran exported 96,000 tons of raisins worth $153 million in the last Iranian year (March 2017-18), registering a decrease of 29% and 46% in tonnage and value respectively compared to the year before...
  • Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
    07/17/2018
    Non-oil exports from the southern Shahid Rajaee Port during the first three months of the current Iranian year (March 21-June 21) stood at more than 8.87 million tons, registering a 3.8% increase...
  • Windfall Taxation on Gold Coin, Forex Trading
    07/17/2018
    Government is to levy taxes on gold coin and foreign currency buyers who benefited from windfall profits amid the recent volatility in the two markets, the economy minister announced on Monday. ...
  • Iran, Nakhchivan Seek to Expand Customs Relations
    07/17/2018
    Chairman of the Supreme Assembly of Nakhchivan Autonomous Republic Vasif Talibov discussed economic ties with the head of the Islamic Republic of Iran Customs Administration, Foroud Asgari. The...
  • Aluminum Output Increases 11%
    07/17/2018
    Iran’s major aluminum companies produced an aggregate of 91,379 tons of aluminum products during the first quarter of the current fiscal year (March 21-June 21), which indicate an 11% increase...
  • Central Bank Reports on Budget  of Households in Fiscal 2017-18
    07/17/2018
    The annual income of the average Iranian household outweighed their living expenses by almost 17.96 million rials ($415), or 1.49 million rials ($34.5) a month, in the last Iranian year (March 2017...
  • TEDPIX Gathers Pace on Mon.
    07/17/2018
    Tehran Stock Exchange’s main index gained 37.46 points or 0.03% on Monday to end trading at 108,109.8. About 1.52 billion shares valued at $67.28 million changed hands at TSE for the day. Trading...
  • China Auto Firms to Set Up Ride-Sharing Platform
    07/17/2018
    Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up...
  • Lighter Imports Exceed $3m
    07/17/2018
    More than 657,132 tons of lighters worth over $3 million were imported into Iran during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran Customs...
  • IMIDRO Concludes Largest Aerial Geophysical Survey
    07/17/2018
    Iran’s largest mining holding has concluded the last stage of its largest aerial geophysical survey in the western Kurdestan Province. The state-owned Iranian Mines and Mining Industries...
  • Exports From Fars Province Hit $1.3b
    07/17/2018
    Exports from Iran’s southern Fars Province saw a 25% rise during the last fiscal year (March 2017-18) compared with the year before to stand at $1.3 billion, the head of Shiraz Chamber of Commerce...
  • Rouhani Orders Clampdown on Unlawful Vehicle Imports
    07/17/2018
    President Hassan Rouhani has issued a two-week ultimatum to a string of government bodies to crack down on corrupt circles which have brought cars into Iran through illicit means and had the...
  • How to Retrieve Lost Items  on Hailed Rides
    07/17/2018
    The emergence of ride-hailing services has presented citizens with a variety of comforts among which is facilitating the retrieval process of items lost on a ride, in contrast with the old-school...
  • Yogurt Exports Top 29K Tons
    07/17/2018
    Iran exported close to 29,483 tons of yogurt worth $29.14 million during the first three months of the current fiscal year (March 21-June 21), data from the Islamic Republic of Iran Customs...
  • BMW, Mercedes Boxed in  by Tariff Battles
    07/17/2018
    US President Donald Trump’s escalating trade spat threatens to disrupt German...
  • Iran Could Join Russia’s Regional Payment Network
    07/17/2018
    Russia is looking to establish a regional payment network in the foreseeable future and Iran can become a member if it meets the technical requirements, the chief executive of Informatics Services...
  • Challenges Ahead for Banking System
    07/17/2018
    The chief executive of Bank Refah said limited overseas operations and rising inflation driven mainly by the recent currency crisis will pose major challenges to the banking sector in the coming...

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