Iranian tour firms seek revised forex policy
Financial Tribune- The new restrictions on the trade of foreign currencies have caused great concern among outbound touring companies who complain that…
Currency Crisis
Iranian cabinet replaces US dollar with euro
MNA – During its official meeting on Wednesday, the Iranian cabinet of ministers decided to change the basic currency in its international…
Tehran Stock Exchange breaks all-time high record
Press TV – Tehran Stock Exchange’s main index – TEDPIX – broke an all-time high record in Wednesday trading by surging into…
New Iranian jobs plan faces major obstacles
Al Monitor | Alireza Ramezani : Iran’s First Vice President Eshaq Jahangiri, who also serves as head of the Resistance Economy Command Headquarters,…
Iranian MPs to examine water supply problems created by neighbors
Tasnim – Iranian lawmakers plan to establish “the water security committee” to examine the issue of building dams on rivers flowing into…
Private sector opposes stimulus package for production sector
Financial Tribune – Injecting liquidity into the ailing Iranian manufacturing units by the government runs counter to the purported aim of lending…
Top security official says improving economy country’s top priority
IRNA — Secretary of the Supreme National Security Council Ali Shamkhani called for strengthening the national economy, adding that improving the economy…
Central Bank Head: Inflation rate to become single-digit
IRNA – Head of Iran’s Central Bank on Saturday expressed hope that with the pursuit of disciplinary policies of the bank, the…
Expensive deposits leave Iranian banks stuck with toxic assets
Al Monitor | Alireza Ramezani: Iranian media reports show that many banks and credit institutions are violating a decision made last June by…
Iran’s central bank must regulate unlicensed actors
Al Monitor | Bijan Khajehpour: Despite all modernization efforts, Iran is still a cash-based economy where banks and financial institutions play a…
“Huge investment needed in Iran’s mines sector”
IFP – An Iranian official says investment in the mines and mineral industries sector requires huge financial resources. Deputy Minister of Industry,…
Iran oil industry bent on absorbing huge finances: Speaker
SHANA – Iranian Parliament Speaker Ali Larijani said the Ministry of Petroleum is seeking new investments in oil industry in a push…
Iran to purchase electricity from Azerbaijan
Azer News – In case Iran needs additional power in summer months, Azerbaijan will meet a part of this demand in accordance…
MP lauds major refinery startup
SHANA – Inauguration of the Persian Gulf Star Refinery is a major step towards weaning the country off sale of crude hydrocarbons,…
Iran set to fully process Condensate
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says by the time Siraf Refinery Park becomes operational, Iran will consume all its…
40% of Iran’s tire, motor oil demand met domestically
IFP – Domestic production accounts for about 40% of tire and motor oil demand in Iran. To help meet this demand for…
Iran unveils homegrown radars, aviation gear
Tasnim – A series of domestically-made equipment in the field of air defense and civil aviation, including radars and navigation systems for…
Iran South Pars revenues hit $191b: Official
IFP – Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic…
Zangeneh says petchem sector is key to ending poverty in Iran
SHANA – Iranian Minister of Petroleum Bijan Zangeneh says the petrochemical sector is the most effective industry for tackling poverty in…
30 new petchem projects to become operational by 2018
MNA – Deputy oil minister said 30 new petrochemical projects will come on stream by the end of the next Iranian calendar…
Iranian chain stores create 25,000 direct jobs
IFP – Iranian chain stores have created close to 25,000 direct jobs, the head of Iran›s Chain Store Union said. «Around 50…
Leader calls for halt to superfluous imports to avoid factories’ closure
IRNA – Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Monday that unnecessary imports which have shut down…
Iran customs adopts new tactics to fight smuggling
Financial Tribune – The High Council of Free Zones has given the nod to the Islamic Republic of Iran Customs Administration to…
Iran eyes 0.5mbd of crude from West Karoon region
SHANA – Iran will be recovering over half a million barrels per day of crude oil by late-June 2017, a senior Iranian…
Iran witnessing two-digit economic growth rate after 26 yrs: CBI chief
IRNA – Governor of Central Bank of Iran (CBI) Valiollah Seif said on Wednesday that Iran is witnessing double-digit economic growth rate…
President urges need to create jobs
IRNA – President Hassan Rouhani stressed the importance of focusing on domestic production and also creation of job thoughout the country. He…
Economic analyst: Iran’s economic growth hits record high
IRNA – Economic Analyst and lecturer at Shahid Beheshti university Saeed Leilaz said on Wednesday that Iran’s economic growth registered a 11.6…
Iran to export DR Pellets
Financial Tribune – Iran finally became self-sufficient in iron ore pellets after a long period of deficit and is set to export…
Cabinet aiming for +700,000 new jobs this year: Iran’s President
Tasnim – Iran’s President Hassan Rouhani said his administration has formulated plans to create jobs for more than 700,000 young people in…
President Rouhani: Creating job for youth top priority of gov’t
IRNA – President Hassan Rouhani said on Wednesday evening that creating more job opportunities for the Iranian youth is a top priority…
Economy Minister in message to Leader: Resistance Economy highly promising
IRNA – The government has successfully carried out policies of the Economy of Resistance, says Economy Minister Ali Tayyebnia. Tayyebnia in a…
All firms to become privatized within a year
MNA – Iran’s Economy Minister Tayebnia said, despite difficulties and restrictions, all transferable state-owned companies will be handed over to the private…
Enemies resorting to economic pressure to achieve goals: Leader
Press TV – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the issue of economy is a priority for Iran, adding that…
Iran’s natural gas rush won’t bring export riches — For now
Bloomberg | Mohammed Sergie: Iran is on track to out-produce Qatar, the world’s biggest LNG exporter, at the vast natural gas deposit they…
Iran a major olive producer
Financial Tribune| Zeinab Sohrabi: With around 84,000 hectares of olive orchards and an annual production of 100,000 tons, Iran is ranked by…
Leader: Economy of Resistance sole solution to country’s problems
IRNA- Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Thursday that Economy of Resistance is only solution for the…
Iran and Middle East could adopt fully renewable electricity systems finds Finnish study
Renewable Energy Magazine| Robin Whitlock: The LUT study finds that major oil-producing countries in the Middle East and North Africa (MENA) region…
Why Iran’s auto ambitions will benefit economy, not consumers
Al Monitor| Alireza Ramezani: In February, Iran hosted an international auto show for the first time in 11 years. Some two dozen European,…
Allure of riches draws young Iranians to network marketing
Al Monitor| Saeid Jafari: During the past few years, network marketing has become a popular occupation among the youth in Iran. Having…
Iran says Turkmenistan will have its day in court
Financial Tribune- Tehran is determined to take legal action against Ashgabat over a gas dispute that broke out at the end of…