Iran's external debt grows by nearly 18%
Iran's external debt has increased by approximately 18% compared to previous year figures, with short-term liabilities constituting the major part.
Iranian economy
Redenomination kicks off in Iran
Four zeros are being removed from the rial
Iran's inflation rate reaches 38.9% in October
Iran recorded a rise in annual inflation this fall, with sharp increases in food and other essential goods.
IMF raises forecast for Iran's economic growth
The previous forecast was 0.3%
Iran and Tajikistan sign $500 million agreements
Iran and Tajikistan have signed economic cooperation agreements worth approximately half a billion dollars.
Large natural gas reserve discovered in southern Iran
Iran has discovered a large gas reserve in its southern province of Fars near the Persian Gulf as the country moves ahead with plans to expand its massive petroleum sector.
Iran to denominate rial
The Iranian parliament adopted a resolution yesterday to remove four zeros from the national currency rial.
Iranian oil production hits 7-year high
Despite sanctions, Iran managed to achieve a new oil production record, the highest in the past 7 years due to maintenance work and the commissioning of the Azadegan field. Iran continues to break hydrocarbon production …
Cooperation can be developed between Azerbaijan and Ardabil province - Pezeshkian
Economic opportunities between Iran's Ardabil Province and Azerbaijan can be further developed, Iranian President, Masoud Pezeshkian said.
Iran's non-oil exports nears $21 billion
Iran exported non-oil goods worth $20.92 billion since March to August, accounting for more than 61 million tons of shipments, head of the Iran Customs Administration Foroud Asgari said.
Iran plans to increase engineering services exports to $4.5 billion
Iran’s Trade Promotion Organization (TPO) is aiming to boost exports of technical and engineering services to $4.5 billion by the end of the current Iranian year (late March 2026), TPO’s Office for Knowledge-Based Products and Engineering Services said.
Iran approves national currency denomination plan
Iran intends to denominate the national currency. The authorities of the Islamic Republic note that it is necessary, since it has almost lost its value.
Iran approves removal of 4 zeros from national currency
Iran's cabinet approved the removal of four zeros from the national currency, the rial, Iranian government spokeswoman Fatemeh Mohajerani said.
Iran plans to denominate rial
Members of a committee of the Iranian parliament have voted in favor of a motion to reform the country’s national currency by removing four zeros from it and restoring an old currency subdivision named qiran.
Iran's imports from Türkiye increased by 10%
Iran has increased its supplies of goods and raw materials from Türkiye by 10%.
Iran's non-oil exports amounted to more than $11 billion
Iran's non-oil exports for the period from March-June of this year exceeded $11 billion, which was less than last year.
Iran's trade turnover with Economic Cooperation Organization's countries exceeds $27 billion
Iran's trade with the member countries of the Economic Cooperation Organization (ECO) exceeded $27 billion. Türkiye is Iran's main partner in the ECO.
Iran plans to increase trade turnover with Russia to $10 billion
The volume of trade between Russia and Iran could be be increased to $10 billion, according to Tehran.
Damage from explosion at port in Iran estimated at billions of dollars
The explosion and subsequent multi-day fire at the port of Shahid Rajaee in southern Iran caused economic losses estimated at up to $5 billion.
US adds 12 Iranian companies to sanctions list
Washington has imposed sanctions against Iranian companies involved in gas and shipping.
