Economic Uncertainty Persists as Industry Dips Deeper into Recession
TEHRAN - Iran's economy continues to tread a fine line between stagnation and contraction, according to the latest findings from the Purchasing Managers’ Index (PMI), known locally as "Shamkh." The May 2025 report signals a deepening downturn in the industrial sector and ongoing uncertainty for businesses across the board.
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 Expands Economic Ties with Venezuela Amid Challenges
TEHRAN - Iran and Venezuela continue to strengthen economic ties, particularly in the automotive and technology sectors, despite challenges in private-sector cooperation and economic constraints. According to Amir Mehrpourian, head of the Iran-Venezuela Joint Trade Committee, Iranian state-owned enterprises dominate trade relations, as the Venezuelan government prefers dealing with state-backed entities due to its military-controlled administration.
IMF predicts economic growth, inflation reduction for Iran
The International Monetary Fund (IMF) has reassessed Iran's economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.
Iran’s finance ministry appoints new head for its foreign investment arm
Iran’s Ministry of Economic Affairs and Finance has appointed a new head for its foreign investment arm.
Tehran, Damascus Call for Establishing Joint Bank
senior officials from the Syrian ministries of Finance, and Economy and Trade, in which the two sides stressed accelerating the process for establishing an Iran-Syria joint bank.
Oil hits highest level in one year
Oil prices hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.
Iran-Eurasia Trade Hits $1.4b in 8 Months
Iran’s trade with Eurasian Economic Union (EAEU) countries stood at around $1.4b in the first 8 months in the current Iranian calendar year.
Minister Urges security for Investment in Private Sector
The Minister of Economic Affairs and Finance says “We must seek to create security for investment and the private sector in the implementation of communicative policies and laws of the parliament."
National Security Relies on Economic Power
Minister of Industry, Mine and Trade believes the national security depends on economic power and announced the readiness of the ministry for arrival of the big and capable companies into the social responsibilities.