Sunday, 25 May , 2025
  • State-Controlled Economy Is Iran’s Biggest Economic Challenge 25 May 2025

    State-Controlled Economy Is Iran’s Biggest Economic Challenge

    TEHRAN - Prominent Iranian economist and researcher in the philosophy and epistemology of economic science, Mousa Ghaninejad, stated that the most significant problem plaguing Iran's economy is its centrally controlled, command-style structure. He asserted that both the financial and real sectors of the Iranian economy suffer due to misguided policymaking.

Iran’s Foreign Trade Nears $80bln in 11 Months 16 Mar 2020

Iran’s Foreign Trade Nears $80bln in 11 Months

The total value of Iran’s trade transactions with foreign countries during the first 11 months of the current Iranian year (March 2019 – March 2020) has neared $80 billion, the latest data released by the country’s Customs Office showed.

Parviz Khan Border Reopened 16 Mar 2020

Parviz Khan Border Reopened

Parviz Khan joint border restarted its commercial and trade operations on Monday.

Crude steel production in 11 months surpases 18.5m tons 16 Mar 2020

Crude steel production in 11 months surpases 18.5m tons

Iran produced over 18.5 million tons of crude steel ingots during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020).

OPEC: Iran oil output drops 2,000 bpd in February 15 Mar 2020

OPEC: Iran oil output drops 2,000 bpd in February

OPEC announced that volume of oil production in Iran as of February 2020 hit 2.080 million barrels per day (bpd).

Exports to Iraq running despite problems 15 Mar 2020

Exports to Iraq running despite problems

Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’hagh said that exports of products to neighboring Iraq are running despite some problems.

Chabahar Mineral Products Export Rising 15 Mar 2020

Chabahar Mineral Products Export Rising

An Iranian official said the export of mineral products from the country’s southeastern port of Chabahar has increased constantly over the past year.

Iran, Japan, UNIDO to cooperate on fishery development 15 Mar 2020

Iran, Japan, UNIDO to cooperate on fishery development

Iran, Japan, and UNIDO signed a trilateral agreement to cooperate on the third phase of a project for developing advanced fishery in the port city of Chabahar.

Tire production in Iran increases 5% 14 Mar 2020

Tire production in Iran increases 5%

The production of tire in Iran has reached to 38.475 million tires during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020).

India-Chabahar-Afghanistan corridor becomes operational 13 Mar 2020

India-Chabahar-Afghanistan corridor becomes operational

India-Chabahar-Afghanistan corridor became officially operational with the shipment of two containers through Mumbai, Chabahar and the Dogharoon border, according to the Director-General of Customs Transit of Iran.

Banks at risk of losing fee-based revenues 11 Mar 2020

Banks at risk of losing fee-based revenues

Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services.