• Oil & Gas Sector Most Conducive for Business

    The research arm of Iran’s Parliament has conducted a first-of-its-kind domestic investment security study, finding among other things that businesspeople active in the crude oil and natural gas sector have the highest perception of investment security among all sectors.
    The study, published on the official website of Majlis Research Center, is the first evaluation of investment security index in Iran using the opinion of business representatives. It divides its results on the basis of provinces and business sectors, and has been conducted for the final quarter of the previous fiscal year that ended on March 20, 2018.

Economy

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

  • TEDPIX Ends Sat. Trading 1.97 Percent Higher
    09/16/2018
    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....
  • Gov’t to Tax POS Transactions
    09/16/2018
    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
    09/16/2018
    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...
  • Trade With Turkey Hit $1.6b in  5 Months
    09/16/2018
    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...
  • Alborz Province Launches First Passenger Airport
    09/16/2018
    The passenger terminal of Payam International Airport, located in the city of Karaj 40 km from Tehran, was officially launched on Friday after Taban Airline’s MD88 operated a maiden flight from...
  • Support for New CBI Measures
    09/16/2018
    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...
  • CBI Reports Changes in Food Retail Prices
    09/16/2018
    The Central Bank of Iran has released a new report on the retail prices of food items for the week ending Sept. 7.   Out of the 11 groups, the prices of eight food groups increased during the week...
  • Trade With South Korea Down 34%
    09/15/2018
    Iran traded 2.04 million tons of non-oil commodities worth $2.08 billion with South Korea during the first five months of the current fiscal year (March 21-Aug. 22), registering a 54.97% and 34.29...
  • €3.2 Billion for Essential Imports
    09/15/2018
    Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month. Hemmati added that...
  • Impact of US Sanctions on Iran's Healthcare Sector
    09/15/2018
    A crisis is emerging in Iran’s healthcare sector, as patients are reporting shortages in life-saving medicine.  
  • 5-Month Cellphone Imports at $240m
    09/15/2018
    During the first five months of the current fiscal which started in March, the total value of mobile phones imported into Iran has amounted to $239,790,594. According to data released by the...
  • European Mobile Roaming Not Guaranteed in No-Deal Brexit
    09/15/2018
    Britain said surcharge-free roaming for mobile users could no longer be guaranteed after...  
  • Apple’s Secret Weapon Not an iPhone Feature This Year
    09/15/2018
    In past years, when Apple Inc. did not have a new iPhone design, it still had a breakthrough new...
  • Stocks Make Historic Gains, Thanks to Free-Market Policies
    09/15/2018
    Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market.  Talks of the removal of price ceiling for steel products in IME led to a major inflow of capital into the...
  • India Determined to Push Ahead With Chabahar Project
    09/15/2018
    Iran, India and Afghanistan held trilateral discussions for the first time ever in Kabul earlier this week.
  • Ban on Packaging Paper, Tissue Exports Lifted
    09/15/2018
    The ban imposed on exports of packaging paper and tissue has been lifted. This was notified...  
  • New Development Projects Launched at Tehran Airport
    09/15/2018
    Seven construction and renovation projects have been launched at Tehran’s Mehrabad International Airport with 700 billion rials ($5.14 million) of government investment. According to the airport’s...
  • SCI Surveys Dollar Value Changes in Q1 Foreign Trade
    09/15/2018
    The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran...
  • Enforcement of Reemployment Ban on Public Retirees Notified
    09/15/2018
    The ban on reemployment after the retirement of public employees will be legally enforceable within two months, the spokesman of Guardians Council, Abbasali Kadkhodaei, said. According to the newly...
  • Iran CERTCC Issues  Cyber Attack Alert
    09/15/2018
    Iran’s Computer Emergency Response Team Coordination Center (Iran CERTCC), the country’s cybersecurity authority, has issued a warning to the public, government bodies and companies about the...
  • Iran’s Consumer Market Valued at $177b Last Year
    09/15/2018
    Iran's consumer market was worth 7,180 trillion rials ($177.4 billion) in the fiscal 2017-18, according to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture using figures...
  • EC Member: AML  Bill Not Rejected
    09/15/2018
    A senior member of Expediency Council, a body that settles disputes between the Majlis and the vetting body Guardians Council, said EC members have not rejected the government bill to amend the...
  • Clearance of Essential Imports Eased
    09/15/2018
    Procedures and formalities required for the customs clearance of imported essential goods, including rice, vegetable oil, tea and raw materials needed by factories, are now carried out in less than...
  • Bank Loans Rise 3.3% in Value
    09/15/2018
    Bank lending increased 3.3% in volume during the four months to July 22, the latest figures showed. IRIB News reported that Iranian banks and credit institutions granted 1.1 quadrillion rials ($8....
  • Iran, Russia Eye Reconstruction at Syria Expo
    09/15/2018
    Companies from dozens of countries are showing their wares at the Damascus International...  

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