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News about Economy

5/21/2017   --   8:55 PM
Iran world’s most affordable tourism destination

Culture - Iran’s tourism industry has been identified for a third straight year to have the most affordable prices in the world for foreign visitors.

5/13/2017   --   6:47 PM
Iran to receive 4 ATR aircraft within days

Economy - The French-Italian airplane manufacturer ATR is expected to deliver four civilian aircraft to Iran this week, an official says.

4/22/2017   --   12:53 PM
Nematzadeh: $5.6bn of foreign investments in industries ratified in post-JCPOA

Economy - Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh said on Saturday that after implementation of the Joint Comprehensive Plan of Action (JCPOA) some 5.6 billion dollars of foreign investments has been ratified to be injected to the industries.

4/18/2017   --   1:14 PM
Iran’s private sector devising own plan to get loans

Economy - Iran’s media say the country’s private sector is planning to create its own guarantee fund to attract international loans for small- and medium-sized enterprises.

4/18/2017   --   6:25 AM
Iran exports up by 35% last year: Minister

Economy - Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said that Iran’s exports registered a 35 percent increase in the year to March 21, 2017, contending that establishment of specialized holding companies is the basic approach for promoting exports.

12/12/2016   --   8:23 PM
Airbus team in Tehran to finalize deal

Economy - Iran says a delegation from European aviation giant Airbus is in the country’s capital Tehran for talks aimed at finalizing a deal to sell around 100 planes to the Islamic Republic.

11/29/2016   --   11:46 AM
Zarif's Eastern Europe tour, fruitful: Economic official

Economy - During the Eastern Europe tour of Foreign Minister Mohammad Javad Zarif, an agreement on building the Mehran 1,000MW power plant in west of Iran was signed between the Iranian and Romanian investors, an economic official has said.

6/26/2016   --   8:37 AM
Iran ups oil export to Spain by 1mn bpd

Economy - The Islamic Republic of Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.

1/16/2016   --   7:50 PM
Shell, Total representatives arrive in Tehran

Economy - A few days before the cancellation of international sanctions against Iran, a number of the largest oil companies including the Anglo-Dutch Royal Dutch Shell company and France’s Total Corporation have sent representatives to Iran in order to negotiation with Iranian oil authorities.

1/16/2016   --   7:48 PM
Iran says to buy 114 Airbus planes

Economy - Iran said on Saturday that it plans to purchase 114 civil aircraft from European aircraft maker Airbus.

1/16/2016   --   7:42 PM
Iran to use banned dollars to import goods

Economy - Iran said on Saturday that it plans to use billions of dollars of its blocked assets that are expected to be released after the removal of sanctions against the country for imports of essential goods.

1/12/2016   --   8:18 AM
Iran starts foreign sales of gas oil after self-sufficiency

Economy - Iran has exported more than a billion liters of gas oil in the first nine months of the current Persian calendar year (started March 21) after achieving self-sufficiency in production of the fuel.

1/9/2016   --   5:36 PM
Saudi Arabia not in priority list of exports market

Economy - Saudi Arabia is not in the priority list of targeted exports markets, said Deputy Head of Iranian Trade Development Organization Mohammad-Reza Movadedi.

1/9/2016   --   5:16 PM
Over First Days of 2016, Trading 232 million USD of Commodities in IME

Economy - During weekdays ending up to 07th of January, while 527,173 MT of commodities worth more than 232 million USD were traded in Iran Mercantile Exchange, trading volume and value experienced 99% and 90% growth, respectively.

12/27/2015   --   1:07 PM
Iran following US plan to seize frozen assets

Economy - Iran is following US plans to appropriate some $2 billion of its assets frozen in Citibank accounts in New York, Central Bank Governor Valiollah Seif says

11/14/2015   --   12:56 PM
Iran plans biggest mining exploration yet

Economy - Iran plans mining exploration over 240,000 square kilometers across 12 provinces in the biggest development attempt which the sector has seen yet, Deputy Industry, Mine and Trade Minister Mehdi Karbasian says.

10/27/2015   --   7:55 AM
Iran, Brazil plan to increase trade volume up to $5bn

Economy - Iran’s economy minister has announced the agreement with the Brazilian industry minister to increase the trade volume between the two countries to $5bn.

9/26/2015   --   5:04 PM
Iran says funds to be unfrozen by Jan.

Economy - Iran says it expects about $29 billion of funds to be unfrozen and repatriated to its central bank by January 2016 at the latest as economic sanctions are eased after the crucial nuclear breakthrough with the P5+1 in Vienna back in July.

9/12/2015   --   6:47 PM
Sanctions removal to give Iran 4% growth

Economy - Iran’s economy could grow by at least 4 percent as soon as the US-engineered sanctions imposed against the country begin to be lifted in 2016 as envisaged in a nuclear breakthrough agreed on between Iran and the P5+1 in Vienna in July.

9/8/2015   --   12:42 PM
‘Iran backs any oil market recovery bids’

Economy - Iran’s Oil Minister Bijan Zangeneh says Tehran will support any step to help the recovery of the oil market.

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