Economy

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

  • List of Subsidized Imports Gets Longer
    Seventy-five new items have been included among essential goods that can be imported by receiving foreign currency at the subsidized rate. This has been announced by Minister of Industries, Mining...
  • Iran Embraces Crypto Mining
    The administration of President Hassan Rouhani has accepted crpytocurrency mining as an industry that needs to be developed in Iran, the secretary of the High Council of Cyberspace said. "Outlooks...
  • New Appointments at CBI
    Abdolnasser Hemmati, the governor of the Central Bank of Iran, on Monday officially appointed Farhad Hanifi the new deputy for supervisory affairs. He replaces Farshad Heidari who was selected as...
  • Volkswagen’s top-selling Golf model is among the vehicles still waiting to be cleared by authorities.
    German carmaker Volkswagen said only half of its VW branded passenger car models in Germany...
  • Exhibition of Cooperatives Underway
    The Exhibition of Cooperatives opened at Tehran’s Olympic Hotel on Monday in the presence of deputy minister of cooperatives, labor and social welfare, Hamid Kalantari. Some 80 Iranian cooperative...
  • Ways of Regulating Cryptocurrency
    The research arm of Iran’s Parliament has dedicated its latest analytical study to virtual currencies, once again calling for calculated and well-assessed regulations to employ them in the economic...
  • 100,000 Tires Needed for Road Fleet
    Iran has a shortage of about 100,000 tires in its road transportation fleet, trucks in particular, a deputy minister of roads and urban development said. Abdolhashem Hassannia added that the...
  • Tehran to Mark 70th Anniv. of IMO Establishment
    Secretary-General of the United Nations International Maritime Organization Kitack Lim will visit Tehran to attend a ceremony to mark the 70th anniversary of the establishment of the organization...
  • TEDPIX Gains 1,579 Points
    Tehran Stock Exchange’s main index gained 1,579.95 points or 1.18% on Sunday to end trading at 135,256.1. About 1.94 billion shares valued at $48.76 million changed hands at TSE for the day....
  • Ford May Slash 12% of Jobs in EU Revamp
    Ford Motor may cut up to 24,000 jobs and stop producing models such as the S-Max, Galaxy and...
  • Tehran to Host Int’l Beverages Exhibition
    The Ninth International Beverages, Coffee and Tea industry Exhibition, also known as IBIE 2018, is scheduled to open at Tehran International Fairground on Wednesday, according to the event’s...
  • 24% Growth in Non-Oil Trade With Armenia
    Iran traded 132,768 tons of non-oil commodities worth $54.31 million with Armenia during the first four months of the current fiscal year (March 21-July 22). This marks a 24.48% and 24.79% increase...
  • Sesame Imports at $30m in  4 Months
    More than 20,875 tons of sesame worth over $30 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), latest data released by the Islamic...
  • Kermanshah Province Exports Up 28 Percent
    More than 2.31 million tons of goods worth $1.16 billion were exported from the western Kermanshah Province during the first five months of the current Iranian year (March 21-Aug. 22), registering...
  • Illegal Pakistani Migrants Deported
    Iranian security forces handed over 158 Pakistani nationals to their counterparts at the border...
  • Forex Rally Intensifies
    The foreign exchange market intensified its rally on Monday, with the rial dropping to new lows against most major currencies.  According to reports from currency exchange houses and the...
  • MoU With South Korea to Develop SMEs
    Director General of Iran Small Industries and Industrial Parks Organization Sadeq Najafi and South Korea’s Deputy Minister of SMEs and Startups Choi Su-gyu signed a memorandum of understanding on...
  • Tesla Model 3
    Tesla had been aiming for a production rate of 6,000 Model 3 vehicles per week by the...  
  • Fruit Prices Zoom
    Constant changes in the prices of goods and services have become a new normal in the past several months.  Retailers charge you more for the same item you bought as early as yesterday on the...
  • Diaper Market in Disarray
    Producers of diapers now have to purchase the foreign exchange required for importing some of their raw materials through the Forex Deals Integrated System (known by its local acronym Nima). Rates...
  • Government Bans Sugar Export
    In a letter to the Islamic Republic of Iran Customs Administration’s Export Affairs Bureau, the Ministry of Industries, Mining and Trade announced that sugar export has been banned. The decision...
  • Historic Day for Iranian Fintechs: Six Firms Authorized
    Shaparak Company, the Central Bank of Iran’s arm for operating the country’s payment network, on Saturday signed an agreement with six major fintech firms– the first such firms to work within CBI’s...
  • TEDPIX Trade Plummets 1.79%
    Tehran Stock Exchange’s main index lost 133,676.1 points or 1.79% on Sunday to end trading at 133,676.1. About 2.47 billion shares valued at $69.85 million changed hands at TSE for the day....
  • IRICA Denies Gaining From FX Surcharge on Imports
    The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports.  “The policy was...
  • Brazil to Allocate $1.2b to Boost Iran Trade
    The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions. According to the Latin American...

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