• 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.

  • Apple to Kick Off Product Blitz With iPhone Xs Line, New Watches
    09/12/2018
    Apple Inc. will kick off a blitz of new products this week, ending a year of minor updates and setting the...
  • 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...
  • The first phase of Chabahar Port was inaugurated by Iranian President Hassan Rouhani in December 2017.
    09/12/2018
    India and Iran on Tuesday reviewed the progress on completing the Chabahar Port project that...  
  • TEDPIX Trade Up 1.07%
    09/12/2018
    Tehran Stock Exchange’s main index gained 1,578.89 points or 1.07% on Tuesday to end trading at 148,577.6. About 3.62 billion shares valued at $89.32 million changed hands at TSE for the day....
  • Ban on Exit of Essential Goods From Western Border
    09/12/2018
    Essential goods, including rice, meat, chicken, sugar and sugar cubes, to name a few, are banned from leaving Bashmaq border crossing in Kurdestan Province’s Marivan County bordering Iraq as of...
  • 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...
  • Steel Traders Welcome Free Market Dynamics
    09/12/2018
    The competitive ceiling for steel prices on the Iranian Mercantile Exchange is to be removed, according to a letter written by Deputy Industries Minister Jafar Sarqeini wrote to Hamed Soltaninejad...
  • 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...
  • 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...
  • Trade With Afghanistan Tops $1 Billion
    09/12/2018
    Iran traded 2.79 million tons of non-oil commodities worth $1.43 billion with Afghanistan during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.46% and 31.75...
  • Cabinet Gives Nod to Import of Medical Equipment
    09/11/2018
    The Iranian Cabinet permitted, in its Sept. 5 session, the import of medical equipment that have locally-manufactured counterparts due to the special condition of the country. Such imports must...
  • Liquidity Surpasses $150b
    09/11/2018
    The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end of the fourth month of the current fiscal year on July 22, the latest report by...
  • ATR in Talks With Alternative Buyers for 8 Iran Planes
    09/11/2018
    Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks...
  • Trade With Iraq Grows 28%
    09/11/2018
    Iran traded 6.39 million tons of non-oil commodities worth $3.43 billion with Iraq during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 16.32% and 28.2% growth...
  • Optimism Over AML Legislation Before FATF Deadline
    09/11/2018
    Despite the opposition of some factions about the country falling in line with standards set by the Financial Action Task Force, optimism abounds among moderate lawmakers and pundits that the...
  • Tehran to Host Int’l Fisheries Expo
    09/11/2018
    The Third International Fisheries Industry Exhibition, also known as IFEX 2018, is scheduled to open at Tehran International Fairground on October 3, the official website of the event (Ifex.ir)...
  • Non-Oil Exports From Kish  Jump 211%
    09/11/2018
    Close to 1.16 million tons of non-oil commodities were exported from Kish Port in southern Iran during the first five months of the current fiscal year (March 21-Aug. 22), registering a 211% jump...
  • Retail sales of cars, SUVs and multipurpose vehicles declined 7.4% to 1.76 million units in August.
    09/11/2018
    China’s car sales fell for a third straight month as an intensifying trade dispute with the US...  
  • Lucrative Delicacy Made in Qom: $2b Exported p.a.
    09/11/2018
    Some $2 billion worth of sohan–a traditional Persian saffron brittle toffee made in Iran–are exported from Qom Province in southwest Tehran every year. The announcement was made by Amir...
  • Currency Repatriation Rules Notified
    09/11/2018
    The Central Bank of Iran notified a directive on Monday, elaborating on rules based on which exporters are required to bring back their export earnings into the “economic cycle” of the country. The...
  • Budget Deficit Widens to $2.9b
    09/11/2018
    Iran’s budget deficit came in bigger than expected, as usual, in the first four months of the current fiscal year (March 21-July 22) to reach 312.5 trillion rials ($2.93 billion), the latest data...
  • Think Tank, Parts Suppliers Propose Rescue Package for Auto Industry
    09/11/2018
    In separate proposals, Iranian auto parts makers union and local think tank ITAN have put forward suggestions they believe if implemented by the government can help address the problems the country...
  • New CBI Entities Approved
    09/11/2018
    Members of Majlis Economic Commission on Sunday approved the formation of new specialized committees within the Central Bank of Iran for reviewing articles related to long-awaited bank reforms....
  • Reasons Behind Export Ban Explained
    09/11/2018
    The government’s recent ban on exports of certain products, including tea, oilseeds, palm oil, sugar, milk powder, baby formula, butter and meat, is aimed at regulating the domestic market and...
  • TEDPIX Trade Gains 3.35%
    09/11/2018
    Tehran Stock Exchange’s main index gained 4,764.26 points or 3.35% on Monday to end trading at 146,998.7. The record jump was most likely caused by the relative price adjustment of corporate...

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