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This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well as Russian logistics …
Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei noted that strengthening Iran's economic power is the most sensitive and important issue. "One of the main plots hatched by the enemy …
The year-on-year trade turnover between Russia and Iran almost doubled in January 2017, exceeding $155 million, the Russian Ministry of Economic Development said. "The Russian-Iranian trade turnover in January 2017 increased by 98% …
Minister of Economic Affairs and Finance Ali Tayyebnia believes an 8% economic growth for the upcoming Iranian year (March 2017-18) is within reach, “if the political wrangling during presidential campaigns does not …
Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …
Iranian President Hassan Rouhani’s cabinet on Wednesday approved a motion put forward by the Central Bank of Iran (CBI) to change the national currency from rial to toman, leading to a ten-fold decrease in banknote denomination...
Iran has established correspondent relations with 230 foreign banks since January 16, 2016, the vice governor of Central Bank of Iran for foreign exchange affairs, Gholamali Kamyab, said. He noted that Iranian …
Iranian President Hassan Rouhani said his administration saved the country from many economic afflictions that oil producing countries around the world suffered in the past couple of years. Rouhani vowed that …
Speaking in a local gathering, Mohammad-Taqi Korei said Iran enjoys more that one percent of global mineral resources while accessing to one percent of the world's land areas. 'At least 32 out of 42 natural hazards, …
Iran expects $25 billion oil contracts signed within two years
Iranian President Hassan Rouhani has expressed hope that the country will register a 5% economic growth over the current Iranian calendar year (starting March 20). “I hope that by the end of the current (Iranian) …
Iranian Economy Minister Ali Tayebnia said that Iran's economy will grow by 5% by March 2017 "There is no doubt that the administration will reach the five percent economic growth in current fiscal …
Iran's Supreme Leader Ayatollah Ali Khamenei says that economic issue is the country's main priority. Khamenei made the remarks at a meeting with speaker and members of Iran's 10th parliament in Tehran June …
Iranian President Hassan Rouhani hailed the post-JCPOA era as a unique opportunity for Iran to attract foreign investments. Rouhani said that just four month following the implementation of the Joint Comprehensive Plan …
Iran's Foreign Minister Mohammad Javad Zarif will visit Switzerland on June 1, the Swiss Ambassador to Tehran Giulio Haas wrote today on his Facebook page. He noted Zarif will lead an economic …
David Lipton, first deputy managing director of the International Monetary Fund (IMF), has called for a plan of action aimed at reforming Iran's economy, Trend reports. "I suggest that while Iran will gain from …
The world media on key geopolitical events over Russia, Syria, and Iran
Iranian banks have agreed to reduce the annual interest rate by 2% to 18%, thus the daily interest rate will fall below 10%. It is worth noting that in recent years the interest rate in Iran has grown, as …
Iranian Economy Minister Ali Tayyebnia predicts that Iran's GDP will grow by 8% in the next fiscal year, which begins on March 21, 2016. "We hope to achieve inflation-adjusted growth of 8%," the head of …
The Deputy Secretary of the Russian Security Council, Yevgeny Lukyanov, at a round table organized by RISI said that the past year was one of the most successful in terms of the bilateral contracts between Russia and Iran, and now there is a need …
