Economy

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

  • 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,...
  • Iran Bans Presale of Imported Cars
    07/15/2018
    Following a government directive barring imports of vehicles into Iran, authorities with Consumer and Producer Protection Organization have announced that pre-selling such vehicles is also banned...
  • Railroad Projects Endure Despite Sanctions
    07/15/2018
    Iran’s rail sector could be named the top beneficiary of the nuclear deal the country signed with world powers in 2015, as it has managed to considerably improve its performance in the past three...
  • 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,...
  • US Rejects European Bid for Iran Waivers
    07/15/2018
    US Secretary of State Michael Pompeo and Treasury Secretary Steven Mnuchin rejected...  
  • Q1 Banana Import at Over $130m
    07/15/2018
    A total of 141,139 tons of bananas worth $137 million were imported into Iran during the first quarter of the current Iranian year (March 21-June 21), which shows a 24% drop in weight and a 3%...
  • Bank Maskan is the agent bank of Iran’s housing sector.
    07/15/2018
    Bank Maskan, the agent bank of Iran’s housing sector, has released its latest performance report showing that the number of loans it allocated to applicants during the first quarter of the current...
  • US Sanctions to Intensify European Woes for Insuring Iran Trade
    07/15/2018
    New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European...
  • Contraband Fuel Containers Seized in Southern Port
    07/15/2018
    Thirty-four containers of contraband fuel were confiscated in the southern Hormozgan Province’s Shahid Rajaee Port last week, the director general of Hormozgan Ports and Maritime Organization said...
  • 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...
  • Government Approves Iranian Bank Branch in Mumbai
    07/15/2018
    Just weeks before US reimposes sanctions on Iran, the Indian government has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai. According to Indian Express,...
  • US Lifts Ban on ZTE Over Alleged Iran Sanctions Violations
    07/15/2018
    The US Department of Commerce on Friday lifted a ban on US companies selling goods to...  
  • New Taskforce Takes on Hoarding
    07/15/2018
    Minister of Industries, Mining and Trade Mohammad Shariatmadari appointed personnel to the newly-founded taskforce called “Intensified Fight Against Hoarding and Stashing” on Friday. These included...
  • Tehran-Brasilia  Agro Cooperation
    07/15/2018
    Brazil is among top exporters of basic agricultural products to Iran with the country purchasing about $780 million worth of corn, $565 million worth of meat and $280 million of sugar from the...
  • No Rise in Bread Prices, But at What Cost?
    07/14/2018
    The last time the country experienced a rise in retail bread price was in November 2014.  Despite the soaring costs, bakers say, the government does not allow any increase in bread prices. Last...
  • New Bank Maskan Policy Outlined
    07/14/2018
    Maskan Investment Group, the parent company of Bank Maskan, has outlined the group’s new policy in line with the bank’s efforts to spur the housing market.  Iran’s property market has been beset...
  • Afghan Immigrants, Refugees Leaving Iran in Droves
    07/14/2018
    A huge number of Afghan immigrants and refugees have begun to leave Iran due to the recent...  
  • Japanese Banks to Stop Iranian Transactions
    07/14/2018
    Japanese banks are moving to stop handling all Iran-related transactions to meet a November...  
  • Blue Origin founder Jeff Bezos discusses the status of the company’s New Shepard suborbital vehicle. (File Photo)
    07/14/2018
    Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips...
  • India Assures Iran on Chabahar Port Project
    07/14/2018
    In what is being seen as an assurance to Iran, India on Thursday said it is moving with...  
  • Sugar Output Hit Record High
    07/14/2018
    More than 2 million tons of sugar were produced in Iran in the last Iranian year (ended March 20, 2018) to...
  • US-China Trade War Worries  Push Down Stocks in Iran
    07/14/2018
    Comatose for most of the week, Tehran stocks took a hit on Wednesday as the prospect of a full-scale global trade war drove panicked investors into a selloff. A heavyweight petrochemical initial...
  • Date Exports Reach 181,000 Tons
    07/14/2018
    Around 1.2 million tons of different kinds of dates were produced in Iran in the last Iranian year (March 2017-18), more than 181,000 tons of which were exported, Tehran Chamber of Commerce,...
  • Biscuit Imports at $3.7m  Last Year
    07/14/2018
    More than 1,180 tons of biscuits worth around $3.7 million were imported into Iran during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration...
  • Iran’s Rank Improves 10 Notches in Global Innovation Index 2018
    07/14/2018
    Iran has been ranked 65th in the Global Innovation Index 2018, rising 10 positions from last year.  Innovation Efficiency Ratio is Iran's main strength, in which the country is ranked 11th...

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