Economy

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

  • Imminent Change in Travel Currency Policy
    07/16/2018
    The Central Bank of Iran is expected to change its policy of giving foreign currencies to people traveling overseas at subsidized rates as soon as next week, in the face of growing public pressure...
  • 844 Points Wiped Off TEDPIX in Sunday Trade
    07/16/2018
    Tehran Stock Exchange’s main index lost 844.34 points or 0.78% on Sunday to end trading at 108,072.3. About 869 million shares valued at $43.95 million changed hands at TSE for the day. Trading...
  • Khorramshahr Port City Throughput Tops 480K Tons
    07/16/2018
    More than 483,391 tons of goods have been loaded and unloaded in the southwestern port city of Khorramshahr, Khuzestan Province, since the beginning of the current fiscal (March 21), the director...
  • Import of Processed Fruit Products at  Over $3m
    07/16/2018
    More than 6,000 tons of processed fruit products, including jam, jelly, marmalade, fruit paste and puree, worth more than $3 million were imported into Iran from nine countries during the last...
  • Tehran to Host Startup Week
    07/16/2018
    Attended by fintechs and startups, Tehran is to host a week-long event aiming to bring together the entrepreneur community to create an atmosphere of collaboration and idea sharing, and to provide...
  • Enhancement of Rural Internet  Connectivity High on Gov’t Agenda
    07/16/2018
    Iranian government is enhancing Internet connectivity and telecom services in rural areas to offer villagers a significant change in lifestyle and encourage their stay in remote areas. Nearly 600...
  • Platform to Promote FATA-IFA Interactions
    07/16/2018
    A new platform has been launched to facilitate interactions between the Iranian Cyber Police (FATA) and Iran Fintech Association.  “It aims to serve as a channel of safe and quick communications...
  • Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
    07/16/2018
    Foreign exchange rates in the unofficial market registered gains on Sunday after the government stopped all currency allocation at the unified rate of 42,000 rials.  The measure to suspend the...
  • US Confiscates 500 Iranian Bitcoins
    07/16/2018
    The US federal government confiscated at least 500 Bitcoins belonging to Iranians, the president of Iran’s Blockchain Association said.  Sepehr Mohammadi added that Iranians had spent about 250...
  • Handmade Carpet Exports Exceed 40%  in 2 Months
    07/16/2018
    Iran exported 594 tons of hand-woven carpets worth $33.7 million during the first two months of the...
  • Facebook Lures Google Engineer to Head Its Own Chip Development
    07/16/2018
    Facebook Inc. has sent another signal that it is serious about building its own semiconductors...
  • Export Billet Prices Increase on Reduced Availability
    07/16/2018
    Iranian export billet prices increased by $5-10 per ton over the week that ended on July...
  • Copper Concentrate Output Up 11%
    07/16/2018
    Copper concentrate produced by major Iranian copper firms reached 313,273 tons during the first quarter of the current fiscal year (March 21-June 21), which indicates an 11% growth compared with...
  • The private sector completed the construction of 52,081 buildings in H1 2017-18 across all urban areas
    07/16/2018
    The latest data disclosed by the Central Bank of Iran show that private sector investment in the housing sector increased during the first half of the previous fiscal year to Sept. 22, 2017, with...
  • Non-Oil Trade With Caspian Countries Crosses $2 Billion
    07/16/2018
    Iran’s total non-oil trade with Caspian Sea littoral states in the last fiscal year (ended March 20, 2018) reached 4.15 million tons worth $2.05 billion, marking a 32.64% and 35.43% decline in...
  • Int’l Airlines’ Presence in Iran Boosted After JCPOA
    07/16/2018
    A total of 51 foreign airlines are now operating in Iran, up from fewer than 40 before the implementation of the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action. ...
  • New MacBook Features Dust-Repelling Keyboard
    07/16/2018
    Apple’s new MacBook Pro keyboards are slightly quieter than the ones found in the previous...
  • 11% Rise in Foreign Rail Passengers to Mashhad
    07/16/2018
    The number of foreign visitors travelling to the northeastern city of Mashhad, capital of Khorasan Razavi Province, by train saw an increase of 11% during the first three months of the current...
  • Postal Damage Claim System Goes Online
    07/16/2018
    A new system, which allows complainants to file refund claims against the company online, was launched by Iran Post Company’s Office of Quality and Customer Affairs. Before the new system was...
  • Price Hike Blamed on Lack of Monitoring Over Production Units
    07/16/2018
    The recent increase in commodity prices in Iran has resulted from insufficient monitoring over production units. This was declared by the heads of several provincial chambers of commerce on the...
  • TEDPIX Trading Torpid
    07/15/2018
    Tehran Stock Exchange’s main index lost 588.45 points or 0.54% on Saturday to end trading at 108,916.7. About 810 million shares valued at $41.35 million changed hands at TSE for the day. Trading...
  • Grape Exports Top 107K Tons
    07/15/2018
    Around 1.8 million tons of grapes were produced in Iran in the last Iranian year (March 2017-18), of which 107,500 tons were exported. This was reported by Tehran Chamber of Commerce, Industries,...
  • Economic Implications of Sanctions Reimposition
    07/15/2018
    The US administration’s decision to pull the plug on the Joint Comprehensive Plan of Action, the formal name of the nuclear deal struck between Iran and world powers, including the United States,...
  • Budget Deficit Growth Slows
    07/15/2018
    The Iranian government's balance sheet for the last fiscal year (March 2017-18) shows major improvement compared to the preceding year, as revenues got a boost in line with curbs on spending. Its...
  • Call for Focusing on Alternative Carpet Export Markets
    07/15/2018
    The United States’ ban on Iranian products will result in the loss of US and UAE’s markets for Iranian carpets, hence it is necessary for exporters to focus on alternative markets such as Germany,...

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