Domestic Economy

Report says Iran’s GDP rose by 43.7% last year

Figures by the Central Bank of Iran (CBI) show that the country’s gross domestic product (GDP) increased by nearly a half in the calendar year to March this year.

Macro Economy

Neighbors top priority in economic ties: Key presidential candidate

Presidential candidate Seyyed Ebrahim Raeisi says he will work, if elected, to promote the country’s economic relations with its neighbors first, and the rest of the world community next, as part of the measures on his agenda to tackle the people’s economic problems.

Society Economy

Iran’s economy shouldn’t be tied to foreign developments: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned that the country’s economic future should not be tied to developments in other countries, including the November presidential elections in the United States.

Macro Economy

PMI shows modest setback in Iran’s industries

Iranian industries are witnessing a modest setback during the third month of the current fiscal year (May 21-June 20) in their indices from purchasing manager surveys compared to the significant improvement that happened during the second month (April 20-May 20).

Iran Chamber

PMI indicates significant improvement in Iran’s industries

Iranian industries are seeing significant improvement in their latest indices from purchasing manager surveys after steep declines earlier in the current fiscal year (started March 20).

Iran Chamber

Iran draws over $1.25bn from NDF to create jobs

Iranian government has drawn over $1.25 billion from the country’s sovereign wealth fund for the sole purpose of creating jobs as the government struggles to diversify the economy to cope with sanctions imposed by the United States.

Society Economy

Iran to soon open border market on North Khorasan-Turkmenistan border

The Iranian industry, mine and trade said a border market will soon be opened on Turkmenistan border in a bid to boost local economy.

Trade

Can Iran weather the Trump storm?

Following the reimposition of unilateral US sanctions on Iran and an end to sanctions waivers have led many analysts to believe that the Iranian economy will collapse soon. However, this expert argues that Tehran will weather this storm as it did under the Obama sanctions.

Macro Economy

Iran’s leader calls for budget, banking modifications to offset US sanctions

Budget’s dependence on crude sales as well as unnecessary rules and regulation are “the country’s chronic illnesses” that need to be treated.

Macro Economy

Iran Chamber of Commerce urges new ideas for economic development to overcome sanctions

The private sector’s parliament says the new Persian Year 1398 should see more fforts and new ideas to move the country faster towards economic development despite US punitive measures that have been trying to cripple Iran’s economy.

Macro Economy