• 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.

  • Currency Volatility Due to Foreign Pressure, Domestic Issues
    09/09/2018
    President Hassan Rouhani on Saturday weighed in on foreign exchange volatility that has seen the rial sink to consecutive record lows since April, saying that the crisis has been triggered by both...
  • Shampoo Exports Exceed $5m in 4 Months
    09/09/2018
    Iran exported 3,209 tons of shampoo worth close to $5.75 million during the first four months of the current Iranian year (March 21-July 22), based on the latest figures released by the Islamic...
  • India Proposes to Double Transactions With Iran
    09/09/2018
    India’s Commerce and Industry Minister Suresh Prabhu on Friday proposed to double trade...  
  • Mazandaran Exports Reach $230 Million
    09/09/2018
    Goods worth $230 million produced in the northern Mazandaran Province were exported in the first four months of the current fiscal year (March 21-July 22) to register an increase of 14% compared...
  • 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...
  • S. Korean Bank  at the Service  of Iranians
    09/09/2018
    A part of banking hurdles facing Iranian citizens in South Korea have been resolved, as Woori Bank officials reassured that they are ready to “offer all banking services” to Iranian citizens across...
  • Left to Their Own Devices
    09/09/2018
    Iran's machine-made carpet, moquette and flooring industry depends largely on imported raw materials and machinery.  Given the worsening state of the economy, chaotic currency market and unstable...
  • Rise in Stationery Production
    09/09/2018
    The share of domestic manufacturers in the production capacity of stationery products has increased from 20-40% over the past two years, the head of Stationery and Engineering Equipment Sellers...
  • Trade With China Hits $8.6b
    09/09/2018
    Iran traded 12.62 million tons of non-oil commodities worth $8.6 billion with China during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.63% decline in...
  • Tehran Hosts Forum to Survey EEU Prospects
    09/09/2018
    The first forum on opportunities for Iranian businesspeople, producers and service providers in Eurasia’s market is scheduled to be held on Sunday at the Islamic Republic of Iran Broadcasting...
  • Strong Iranian Presence in Damascus Int’l Fair
    09/09/2018
    The 60th Damascus International Fair opened in the Syrian capital on Thursday after a five-year hiatus with the presence of 54 Iranian companies, Iran’s ambassador to Syria said. Javad Torkabadi...
  • SAIPA Sales Campaign Triggers Frenzy Car Buying in Iran
    09/09/2018
    Iranian car manufacturer SAIPA managed to pre-sell 50,000 vehicles in less than two days, a testament to the public’s rush to turn their cash into safe-haven assets in view of the galloping...
  • TEDPIX Starts Trading Week 1.39 Percent Higher
    09/09/2018
    Tehran Stock Exchange’s main index gained 1,914.49 points or 1.39% on Saturday to end trading at 139,628.7. About 2.97 billion shares valued at $52.08 million changed hands at TSE for the day....
  • Tesla in Turmoil
    09/09/2018
    The turmoil at Tesla Inc. has reached a fever pitch, with the news that two senior executives...  
  • World Maritime Day Marked in Tehran
    09/09/2018
    Iran is one of the most significant member states of the United Nations' International Maritime Organization and is moving toward the objectives of this organization, IMO Secretary-General Kitack...
  • Banking Reform Bills in MPs’ Crosshairs
    09/09/2018
    Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its...
  • 09/08/2018
    The Iranian government has recognized cryptocurrency mining as a lawful activity as part of its effort to introduce a national cryptocurrency, which move saw Bitcoin’s price briefly spike to record...
  • Trade With Kazakhstan Rises 37%
    09/08/2018
    Iran traded 314,972 tons of non-oil commodities worth $81.41 million with Kazakhstan during the first four months of the current fiscal year (March 21-July 22), registering a 95.46% and 37.64% of...
  • Homebuyers in Tehran Favor Smaller Houses - August 2018
    09/08/2018
    A review of data by the Central Bank of Iran shows that residents of Tehran, the bustling capital city accounting for roughly half of all home sales in the country, increasingly favor smaller homes...
  • Apple Exports at Record High
    09/08/2018
    Some 800,000 tons of apples have been exported from Iran since the beginning of the current Iranian year on March 21, which is a record high, an official with the Ministry of Agriculture said on...
  • In Face of Hard Times Iran's Digikala Remains Upbeat
    09/08/2018
    Digikala, a carbon copy of Amazon in Iran and one of the country's leading startups, in an open letter to employees announced that while the company has been forced to lay off 175 people, it will...
  • Iranian Minister of Roads and Urban Development Abbas Akhoundi (L) met with his Indian counterpart Nitin Gadkari in New Delhi on September 6.
    09/08/2018
    Iran will hand over the strategic Chabahar Port to an Indian company within a month for operation as...
  • EU Approves Apple’s Purchase of Shazam
    09/08/2018
    The European Union has given Apple’s Shazam acquisition its approval after launching an investigation ...
  • Pharmaceutical Importers Body  Elaborates on Supply Shortage
    09/08/2018
    Iran government’s fight with hoarding is heating up.  Back-to-back reports being published on police confiscating goods in warehouses across the country are meant to assure people that, despite...
  • Europe Struggling  to Save Iran Deal
    09/08/2018
    You would not know it from reading the news, but the Iran nuclear deal is still alive.  The Europeans, however, are faced with an impossible task: to preserve an international agreement that...

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