Economy
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Iran’s Bank Sepah says it has ‘considerable resources’ in Russia
Zanjan, IRNA - The head of the international affairs department of Iran’s Bank Sepah has said the country’s Bank Sepah has considerable resources in Russia.
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Iran-EAEU trade up by 12.8% in Jan-Oct
Moscow, IRNA - Bagit Jan Sagintaef, Chairman of the Executive Committee of the Eurasian Economic Union (EAEU), says Iran's trade with the alliance has increased by 12.8% in the first ten months of 2024.
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Iran, Russia to finalize initiative to establish anti-sanctions union
Tehran, IRNA - A member of the Majlis and the Iran-Russia Parliamentary Friendship Group has announced that Iran's initiative to form an international alliance with Moscow against US sanctions is nearing completion.
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Minister: Iran plans to organize cryptocurrencies not limiting them
Tehran, IRNA -- Iran’s Minister of Economic Affairs and Finance Abdolnaser Hemmati has said that the government intends to organize digital currencies and cryptocurrencies instead of putting limitations on them.
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Iran’s FM calls for expansion of economic cooperation between ECO member states
Mashhad, IRNA - Iran’s foreign minister has called for efforts to further strengthen the Economic Cooperation Organization (ECO) and expand economic cooperation between member states.
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S&P ratings agency predicts zero percent growth for Israeli economy in 2024
Tehran, IRNA – Global ratings agency S&P has said in its latest report that the Israeli regime will have 0% growth in 2024, resulting in a gross domestic product (GDP) per capita decrease in the wake of the genocidal war in the Gaza Strip.
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Presidential election in other states has no effect on Iran capabilities: Speaker
Tehran, IRNA—The speaker of the Iranian Parliament (Majlis) has highlighted the country's national capabilities to serve its interests, stressing that elections in other states do not affect the potential.
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Iran submits bid to join CIS railway network
Tehran, IRNA — Iran is seeking to obtain the approval of the Council for Rail Transport of the Commonwealth of Independent States (CIS) for its wagons to operate in the CIS rail network.
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Iran’s renewables' capacity hit 1.2 GW by September
Tehran, IRNA – The latest official figures demonstrate that the capacity of Iran’s renewable energy has reached 1.2 gigawatts (GW) by September.
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Iran reports 12-fold increase in car imports
Tehran, IRNA — Car imports to Iran have increased 12-fold from March 20 to October 31, the Islamic Republic of Iran Customs Administration (IRICA) reported.
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Israeli economy continues to suffer as Gaza war drags on
Tehran, IRNA – More than a year into the Gaza war, official figures show that the Israeli regime’s economy continues to weaken as inflation remains high and more businesses are forced to shut down, among others.
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Russian economist: BRICS poised to achieve significant progress in next decade
Moscow, IRNA – Russian economist and academic Svetlana Frumina believes that BRICS will achieve significant progress over the next decade as the bloc is providing its member states with the opportunity to act independently from Western rules when it comes to financial issues.
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Tehran, Ankara eye $30 billion annual trade: Turkish official
Urmia, IRNA — Governor of Türkiye's Hakkari Ali Çelik says that Ankara and Tehran should strive to expand bilateral exchanges to an annual $30 billion.
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Iran, Qatar stress need to boost economic coop.
Tehran, IRNA – Iran’s energy minister and Qatar’s minister of commerce and industry have stressed the need to develop economic and commercial cooperation, especially in the field of investment and joint production in Iran.
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Zionist media report on deep impacts of Gaza war on Israel’s economy
Tehran, IRNA – Some sources affiliated with the Zionist regime have released reports on the impacts of the Gaza war on Israel’s economy.
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Russia hosts 8th BRICS Industry Ministers’ Meeting
Moscow, IRNA — The 8th BRICS Industry Ministers’ Meeting has kicked off in Nizhny Novgorod as part of Russia’s BRICS Chairship in 2024.
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Iran still experiencing positive economic growth: Official
Tehran, IRNA – The deputy minister of economy for policy-making affairs says the average annual economic growth in the three years of martyr Ebrahim Raisi’s administration with and without oil was 5.5% and 4.5%, respectively.
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Meeting held to review Iran’s foreign economic relations
Tehran, IRNA - The Iranian Foreign Ministry has hosted sixth meeting of the Headquarters for the Coordination of Foreign Economic Relations in the current year under the chairmanship of Mehdi Safari, Deputy Foreign Minister for Economic Diplomacy.
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Iran's annual inflation rate drops to 35.5% in July
Tehran, IRNA - The Statistical Centre of Iran (SCI) has reported that the annual inflation rate for Iranian families reached 35.5% in the year leading to July 21.
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274% increase in Iran's receiving oil revenue in Pres. Raisi's gov't
Tehran, IRNA – Iran’s Ministry of Petroleum has announced that Iran’s oil revenues reached more than $28 billion in the last Iranian calendar year, which shows a 274% increase, despite struggling with severe oil sanctions.
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Iran's foreign trade hits $36 bn in March-July
Tehran, IRNA — Iran’s trade with various countries reached $36 billion in the first four months of the Iranian calendar year (March 20–July 21), an official has announced.
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Iran’s exports to Iraq up 27% in three months to June 20
Baqdad, IRNA – Iran exported $3 billion worth of commodities to Iraq during the first three months of the current Iranian year (March 20-June 20), 27% more than the previous year's corresponding period.
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Iran reports 5.7% economic growth for year to March 2024
Tehran, IRNA — Iran’s economy grew by 5.7% in the fiscal year ending in late March 2024, marking the highest growth since 2017, according to the Statistical Center of Iran (SCI).
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‘Iran’s Leader always focused on people-centered production’
Tehran, IRNA - A member of Iran’s Expediency Council says the Supreme Leader of the Islamic Revolution has always been concerned about people-centric production and is an innovator in the field of high quality production documents.
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‘Iran pivotal for transit of goods between China, Europe’
Tehran, IRNA- Iran’s Deputy Minister of Roads and Urban Development has explained the advantages of Iran for the transit of goods between China and Europe at the international summit “Road to Tian Shan” held in Tajikistan.
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Iran signs $2.75 billion worth of contracts on developing sea-based technologies
Qeshm, IRNA – Iran has signed 21 contracts valued at $2.75 billion to develop sea-based technologies.
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The October War and its impact on Israel’s economy
Tehran, IRNA – Before the Zionist army attacked the Gaza Strip on October 7 last year, the economy of this regime was suffering from severe inflation, rising prices and low wages, and a decrease in the standard of living, and now, after more than 220 days of war, the scope of the crisis has become more severe and there has been a lot of economic and financial damage to the regime in various sectors.
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Iran's oil production up by 60% in current gov't: Minister
Tehran, IRNA — Iran's Oil Minister Javad Owji says the production of oil has increased by 60 percent in the current government starting August 2021.
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Iran ready to supply gas to Pakistan in sustainable manner: Envoy
Islamabad, IRNA – Iran’s Consul General in Karachi Hassan Nourian has said that Iran is well aware of Pakistan’s need for energy and is ready to supply the gas in a sustainable and sufficient manner to the neighboring country.
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Iran-Turkiye trade reaches $1.3b in Q1 2024
Tehran, IRNA – The trade exchanges between Iran and Turkiye in the first three months of 2024 have reached $1.364 billion, according to a latest update by the Turkish Statistical Institute (TURKSTAT).