• 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.

  • Launched by the European Commission in 2008, the Enterprise Europe Network helps businesses innovate and grow on an international scale.
    09/11/2018
    Plans are underway to create an Iranian consortium to join the Enterprise Europe Network with 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...
  • 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...
  • TSE Prospects Brighten  Despite Economic Downturn
    09/10/2018
    Trading at Tehran Stock Exchange has seesawed in the past few weeks.  While the main index TEDPIX surpassed 140,000 two weeks ago to set a historic record, the days that followed registered a 7,...
  • No Progress in Financing Iran-Russia Wheat Deal
    09/10/2018
    Plans for a deal under which Russia and Kazakhstan are to supply wheat to Iran have...
  • A Critical Overview of Economic Mechanisms
    09/10/2018
    Iran’s economy is on the brink of experiencing a crisis, if not already. What got us here?  Farhad Nili, the representative of the Central Bank of Iran to the World Bank, believes that four main...
  • Trade With UAE Dips 3%
    09/10/2018
    Iran traded 9.48 million tons of non-oil commodities worth $6.16 billion with the UAE during the first five months of the current fiscal year (March 21-Aug. 22), registering a 2.08% and 3.39%...
  • Market Stagnation Keeps Laptop, Tablet Prices Steady in Iran
    09/10/2018
    As commodities in Iran are experiencing price jumps, costs of two electronic goods, namely laptops and tablets, have remained more or less untouched by the tumultuous economic circumstances, with...
  • More Afghans Return Home Amid Economic Hardship in Iran
    09/10/2018
    More than 225,000 Afghans have been voluntarily or legally repatriated from Iran in the...  
  • CBI Consults Experts
    09/10/2018
    Governor of the Central Bank of Iran Abdolnasser Hemmati late Saturday sat down with a group of economic experts and university professors to review the country’s latest economic developments,...
  • Iran Attends Postal Union Meeting in Addis Ababa
    09/10/2018
    Iran Post CEO Hossein Nemati attended the Universal Postal Union Second Extraordinary Congress to vote on the proposed reforms to the structure of the organization. Held from September 3 to 7 in...
  • TCCIM to Hold Business Courses
    09/10/2018
    Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold two specialized business courses on advanced marketing management and rule of innovation in business, the chamber’s...
  • Plan to Ease Home Loan Rules
    09/10/2018
    As prices of all goods and services, including apartments, are rising in Iran due to an ongoing currency crisis, the government is pondering on ways to facilitate conditions of homeownership to at...
  • 80% of Licensed Production Units Active
    09/10/2018
    Of the 80,000 licensed production units in Iran, 68,000 or 85% are operating, a deputy minister of industries, mining and trade said. “About 90% of the production units are small, 6% are medium-...
  • Basra-Khorramshahr Shipping Line Shutdown Not Related to Iraqi Unrest
    09/10/2018
    The closure of Khorramshahr-Basra passenger shipping line is not related to recent conflicts in...
  • Glassware, Chinaware Production Rises
    09/10/2018
    More than 113,000 tons of glassware were produced in the first three months of the current Iranian year (March 21-June 21), registering an increase of 15.9% compared with last year’s corresponding...
  • Agricultural Mechanization to Increase
    09/10/2018
    The agricultural mechanization coefficient in Iran currently stands at its highest of 1.65 horsepower per hectare. The coefficient is expected to increase to 2.1 hp/ha by the end of the Sixth Five...
  • Banana Imports at $200m in Five Months
    09/10/2018
    More than 209,650 tons of banana worth over $200 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22). This shows a 28.49% and 11.41% decline...
  • FATF Legislation Back on Agenda
    09/10/2018
    As Iran's October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government...
  • Jack Ma Plans to Step Down From Alibaba
    09/10/2018
    Alibaba Group Holding Ltd. Chairman Jack Ma told the New York Times that he plans to step down...
  • Fresh Banking Troubles for Iranians in China
    09/10/2018
    The past year has been especially difficult for Iranians working or studying in China due to financial...
  • Cellphones are the biggest US import from China.
    09/10/2018
    A “wide range” of Apple Inc products including the Apple Watch would be affected by...
  • TEDPIX Gains 2,605 Points
    09/10/2018
    Tehran Stock Exchange’s main index gained 2,605.74 points or 1.87% on Sunday to end trading at 142,234.4. About 3.56 billion shares valued at $69.74 million changed hands at TSE for the day....
  • Shalamcheh Border Closure Denied
    09/09/2018
    Shalamcheh border crossing, which connects Iran’s southwestern Khuzestan Province to Basra in Iraq, is open and operating normally, Iranian and Iraqi officials said in reaction to reports claiming...
  • Tesla in Turmoil
    09/09/2018
    The turmoil at Tesla Inc. has reached a fever pitch, with the news that two senior executives...  

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