• 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.

  • Iran, Russia Eye Reconstruction at Syria Expo
    09/15/2018
    Companies from dozens of countries are showing their wares at the Damascus International...  
  • Former Big Bull on Tesla: The Stock No Longer Investable
    09/13/2018
    One of Tesla’s biggest advocates is giving up on his positive view of the carmaker’s stock because ...
  • Major Startup Debuts Ride-Sharing in Tehran
    09/13/2018
    In a bid to expand its market and hoping to gain a competitive edge in Iran’s saturated transportation sector, one of the country’s leading startups, Tap30 has introduced a real-time ride-sharing...
  • New Terminal Opens at Larestan Int'l Airport
    09/13/2018
    Terminal 2 of Larestan International Airport located near the city of Lar in Fars Province's Larestan County was inaugurated on Tuesday, the Ministry of Roads and Urban Development's news service...
  • Lawmaker Calls for FATF Guarantees
    09/13/2018
    A senior lawmaker has voiced support for three of four legal measures required from Iran to be in good standing with the Financial Action Task Force, but said a guarantee is needed from the global...
  • SAIPA Citroen Reassures Customers
    09/13/2018
    In a statement published on SAIPA-Citroen’s website, the joint venture between the French automotive firm and its Iranian partner once again reassured customers that the presold C3 cars will be...
  • Exports Through Zahedan-Quetta Railroad Rise  52 Percent
    09/13/2018
    More than 18,285 tons of commodities were exported from Iran to Pakistan via Zahedan-Quetta Railroad connecting the two countries during the first five months of the current Iranian year (March 21-...
  • Frozen Beef Imports Near 43K Tons
    09/13/2018
    Iran imported 42,925 tons of frozen beef worth $183.18 million during the first five months of the current fiscal year (March 21-Aug. 22) to register a 3.93% and 6.78% growth in tonnage and value...
  • Trade With India Tops $2b in 5 Months
    09/13/2018
    Iran traded 4.71 million tons of non-oil commodities worth $2.18 billion with India during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 12.19% and 10.67%...
  • $1b for Production, Employment
    09/13/2018
    A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of Iran for boosting...
  • Iran’s Aluminum Consumption  Growth Twice Global Rate
    09/13/2018
    The global average aluminum consumption growth stands at 6% per year while the rate is 12% in Iran, according to Chairman of Iranian Mines and Mining Industries Development and Renovation...
  • Tax Accounts for 40% of Public Budget, Less Than One-Third of Gov’t Revenues
    09/13/2018
    Tax revenues account for 40% of the government’s public budget, the head of Iranian National Tax Administration said. “INTA collected 366 trillion rials ($2.69 billion) in tax and duties over the...
  •  Italy Biggest Exporter of Sunglasses to Iran
    09/13/2018
    Close to 39.14 billion rials ($936,843) worth of sunglasses were imported into Iran during the first four months of the current Iranian year (March 21-July 22), figures released by the Islamic...
  • Omani Port to Host Iranian Commercial Vessels
    09/13/2018
    Iranian small-sized ships will now enjoy services at Al Suwaiq Port in northeast Oman, Chairman of Iran-Oman Chamber of Commerce Mohsen Zarrabi said. After three years of negotiations, Al Suwaiq...
  • Volvo Cars Drops IPO
    09/13/2018
    Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker,...
  • Stocks Stage Massive Rally
    09/13/2018
    Share trading on Wednesday started with a bang, as Tehran Stock Exchange’s main index made a 6,000-point jump in the first hour of the trading day alone, exceeding 155,000 points by the end of the...
  • Iran Crypto Mining Set to Take Off
    09/13/2018
    Days after a high-ranking official announced that Iran’s government has embraced cryptocurrency mining, another peer has said requirements are in place to develop the industry quickly. “Sales of...
  • TCCIM Chief Slams Holdups at Iranian Ports of Entry
    09/12/2018
    President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari said as many as 139,000 containers holding 7 million tons of goods have piled up at Iranian ports of entry...
  • Cigarette Tax Revenues Witness 42% Growth
    09/12/2018
    The government earned 2.5 trillion rials ($20.66 million) from cigarette tax in the first four months of the current fiscal year (March 21-July 22). The figure indicates a rise of 42.9% compared...
  • Top Ten Commodities  Imported Over 5 Months
    09/12/2018
    Iran imported 13.96 million tons worth $18.89 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 5.82% in weight and 9.66% in value over last year’s similar...
  • CBI Censured Over Policy Inconsistency
    09/12/2018
    Members of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Board of Representatives convened on Tuesday to discuss the latest status of the economy, particularly the anguish caused...
  • MPs Conclude Review of Central Bank Bill
    09/12/2018
    Members of the economic commission of Iran’s Parliament on Tuesday concluded the review of reform measures concerning the Central Bank of Iran, which is part of wider reforms aimed at overhauling...
  • Banks Urged to Help Control Liquidity
    09/12/2018
    Governor of the Central Bank of Iran Abdolnasser Hemmati late Monday met with chief executives of banks and credit institutions to evaluate the country’s monetary and banking developments and...
  • Kiwi Exports Banned Until Oct. 23
    09/12/2018
    The ban on kiwi export until October 23 has been notified to all provincial agricultural jihad organizations across the country by the director general of Agriculture Ministry’s Quarantine Affairs...
  • Tehran to Host Int’l Water, Wastewater Expo
    09/12/2018
    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...

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