Economy Archives | صفحه ۱۱۳ از ۱۲۴
Industry min:Non-oil product exports hits 86 fold in post-Islamic Revolution
In its latest statistics, the Ministry of Industry, Mine and Trade announced that exports of non-oil products in the country turned 86 fold since the glorious victory of the Islamic Revolution up to the last Iranian calendar year (ended March 20, 2018). The ministry put the Iranian export of non-oil products in the last Iranian […]
Iran Parliament Think Tank Forecasts Grim Outlook on Economic Growth
The performance of Iran’s real economy was weaker than expected in the first half of the current fiscal year (March 21-Sept. 22, 2018), a report by the research arm of Iranian Parliament reads. While the government’s operating and capital expenditure as well as private sector investment remained almost unchanged at the nominal level, the rise […]
Currency reconversion not a turning point in economic reformation
One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. […]
Getting around sanctions with crypto-rial
In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks. However, the CBI decided to take a more moderate stance toward the digital money and blockchain technology following the imposition of a new round of US sanctions, hoping that the […]
Speaker: Next Budget to Address Economic Concerns
Parliament Speaker Ali Larijani said that the budget bill for the new Iranian year (to start on March 21, 2019) will focus on resolving economic issues to lower unemployment rate, increase the volume of non-oil exports, and boost national production. Larijani said that Iran will focus on non-oil exports in the new Iranian year, […]
Tehran Housing Recession Deepens as Prices Rise
Home prices in Tehran increased and property deals declined in the ninth month of the current Iranian year, Azar (ended Dec. 21), the Central Bank of Iran said. Latest data published by CBI on its website indicate that only 6,814 homes were sold in the capital during the period, signaling a year-on-year decrease of 61.7% […]
India officially takes over management of Shahid Beheshti port
With the inauguration of the Indian Ports Global Ltd. (IPGL) office in Iran, the country has officially leased the operational control of Shahid Beheshti port to India under Chabahar agreement. An official at Ports and Maritime Organization of Iran told reporters on the sideline of a trilateral meeting between Iran, Afghanistan and India on Chabahar […]
Oil Minister: Iran Exempted from OPEC’s Output Reduction Decision
Reduction Decision Iranian Oil Minister Bijan Namdar Zanganeh underlined his country’s decision to continue membership in the Organization of the Petroleum Exporting Countries, saying that Tehran has been exempted from OPEC’s decision to decrease crude production due to the US sanctions. Iran intends to stay in the OPEC and have coexistence with its neighbors, Zanganeh […]
Car Prices Double!
After a long fracas, the CPPO and major carmakers Iran Khodro and SAIPA, have reached an agreement that says car prices at the factory that currently cost under 450 million rials ($4,360) will jump between 50-130%, informed sources told the Persian-language economic newspaper Donya-e-Eqtesad, a sister publication of the Financial Tribune. According to prices introduced […]
Iran’s oil sales faring much better after US sanctions: Pres. Rouhani
President Hassan Rouhani said Tue. that Iran’s oil sales have been faring much better than how they did before the Nov. 5 US sanctions targeting the country’s oil sector.