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,…
Currency Crisis
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…
Iraq and Iran agree to resolve dispute on joint oil fields
Al Monitor| Sara al-Qaher: On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes…
Veep: Resistance economy helps production cycle keep on moving
IRNA – Vice President for Parliamentary Affairs Hosseinali Amiri said that Iran’s Economy of Resistance has kept the country’s production cycle dteel…
Iran’s private sector having hard time financing expansion
Al Monitor| Navid Kalhor: The Islamic bond market in Iran was first kick-started in 2011, with Mahan Air’s issuance of ijara sukuk…
Iranian MPs move to hand control over bond market to Central Bank
Al Monitor| Alireza Ramezani: The Iranian parliament has called for a pause in issuing government bonds on capital markets, accusing the government of…
Iran’s economic freedom ranking improves
Financial Tribune- Iran’s economic freedom index grew 7 points compared to last year and reached the overall score of 50.5, reported the…
Iran reportedly resumes electricity export to Iraq
Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report…
Iran’s pistachio growers get that sinking feeling
COSMOS|Kate Ravilious: Iran’s insatiable demand for water, which is being drawn from aquifers far faster than it can be replenished, is causing…
Iran’s auto production up 40% year-on-year
Press TV- Iran says its production of automobiles has already seen an increase of around 40 percent over a period of 11…
Iran’s refinery products to reach 3mbd by 2021
IRNA – Minister of Petroleum, Bijan Zangeneh, said on Monday that Iran’s refinery products will reach three million barrels per day by…
Iran about to lose Russia’s food market
IFP- The European Union slapped bans on Russia in July 2014. Russia, in response, imposed sanctions on the bloc’s agriculture sector. Following…
IME to debut Saffron, Pistachio trade
Financial Tribune- Iran Mercantile Exchange plans to start listing saffron and pistachio for trading by mid-February, chief executive of IME, Hamed Soltani-Nejad,…
IME monthly trade value hits $1,152mn
MNA– During January 2017, Iran Mercantile Exchange (IME) played host to trading of 2,205 KT of various commodities worth over 1,152 million…
Iran’s energy prices unchanged for fiscal 2017
Financial Tribune- Prices of energy carriers in the next Iranian fiscal year (March 2017-18) will not increase, said Mohammad Mehdi Mofateh, spokesperson…
Iran hopes its national medal would become as valuable as economic Nobel Prize
IFP- Tehran Chamber of Commerce was first created by Mohammad Hassan Aminol Zarb and, was then presided by his son during the…
Refinery project to bolster Euro-4 fuel distribution in Iran
SHANA- Inauguration of Persian Gulf Star Refinery will increase the number of Iranian cities that receive Euro-4 petrol, a senior refinery official…
Iranian gov’t earmarks $462m for rail expansion
Financial Tribune- The government has earmarked 18.5 trillion rials (over $462 million at market exchange rate) to complete a set of ongoing…
Iran to impose new duty on steel imports from September: report
Platts– The Iranian parliament has imposed a new duty on steel imports, likely to be effective from September this year, according to…
IME sees 50% growth early January
MNA– During weekdays ending up to January 12, while 552,209 MT of commodities worth over 256 million USD were traded in Iran…
Resistance Economy a thrive model for petrochem industry
MNA– Director of the Public Relations Department at Arya Sasol Polymer Company (ASPC) cited Resistance Economy as a triumphant model for prosperity…
Mass of farm water to be dedicated to Lake Urmia restoration
MNA– Deputy energy minister said approximately 1.2 billion cubic meters of water per year will be led to Lake Urmia following a…
No trouble with gas supply in Northern provinces
SHANA- Managing Director of the National Iranian Gas Transmission Company Saeid Tavakoli says the company has altered its strategy in gas…
NIGC statement on Turkmenistan cutting off gas flow to Iran
SHANA- The public relations department of the National Iranian Gas Company (NIGC) has released a statement in response to Turkmenistan government’s…
Official: Feeding Iran’s gas grid unaffected by Turkmen export cut
Tasnim– An Iranian energy official denounced Turkmenistan for going back on its word and cutting off gas supplies to Iran abruptly, saying,…
Tayyebnia: Government rewriting monetary policy
Financial Tribune- The government is unwilling to pull down the inflation further. Economy Minister Ali Tayyebnia said the government has reached “the…
Rouhani pledges to reverse slide of Iran’s currency
Reuters– President Hassan Rouhani sought to reassure Iranians on Sunday that the government would work to protect market stability after the country’s…
President: Government creates 704,000 jobs a year
IRNA – President Hassan Rouhani said in a televised speech on Sunday night that the government created 704,000 sustainable jobs a year.…
Turkmenistan halts gas supply to Iran
SHANA- Turkmenistan has cut its gas supplies to Iran in an unexpected move one day after the two neighboring countries announced…
Stop excessive use of groundwater: Iranian Minister
IFP- “Despite all regulations against illegal consumption of well water, two-thirds of water supply is still harvested from wells,” noted Hamid Chitchian,…
What’s behind Iran’s plan to redenominate its national currency
Sputnik– This year, Iran’s national currency, the rial, has seen several big drops against the United States dollar, reaching a record low…
Asalouyeh featuring Iran’s petrochemical progress
Tehran Times- Iranian port of Asalouyeh demonstrated some of its new changes to a group of reporters and journalists who visited the…
MP urges need to stop dependence on gas imports from other countries
IRNA – A member of Majlis (Parliament) Energy Commission has said that Iran should no longer be dependent on any other country…
Why Iran’s ‘green gold’ is set to rebound
Al Monitor| Maysam Bizaer: While Iran may be known for its massive oil and natural gas reserves to many people around the world,…
High dollar rates spark criticisms in Iran
Press TV- The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country…
Iran Auto sector in difficult mode
Financial Tribune- Rising foreign exchange rates over the past several weeks is pushing up the price of raw material for automakers according…
CBI: Iran among fastest growing economies
IRNA – Central Bank of Iran (CBI) announced that the gross domestic product grew 7.4 percent in the first half of the…
Petroleum ministry behind domestic manufacturers: Official
SHANA- Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says the Iranian Ministry of Petroleum backs domestic manufacturers as the industry…
Rouhani says food security gurantees national security
IRNA – President Hassan Rouhani described self-sufficiency in wheat production as a manifestation of the major part of the Economy of Resistance…