TEHRAN – First Vice-President Eshaq Jahangiri yesterday said that national economy survived a big shock and turbulence last year and now it has reached a new balanced point.

Foreign Ministry has rejected US Secretary of State Mike Pompeo’s claim on the status of the country’s economy, saying Iran’s economy has kept an over 8% growth throughout all the years fighting terrorism in the region. In a statement on Tuesday, Iranian Foreign Ministry Spokesman Bahram Ghasemi reacted to the claim made by US Secretary […]

In Sunday’s open session of the Parliament, the letter signed by 33 MPs requesting for impeachment of Minister of Economy was delivered to the presiding board. According to the Article 225 of the Parliament regulations, Minister of Economy Masoud Karbasian, is duty bound to attend the Parliament within 10 days in order to respond to […]

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday. Showing gratitude to all the financial, monetary and banking experts who have expressed their views about CBI’s […]

The Iranian High Council of Economic Coordination ratified on Tuesday the publicity macro-policies to counter psychological warfare and economic troubles. The meeting of the Iranian High Council of Economic Coordination was held on Tuesday chaired by President Hassan Rouhani and attended by the heads of the three branches of the Islamic Establishment, Executive, Legislative and […]

Iranian First Vice President Es’hagh Jahangiri says that Iran has a sizable economy that cannot be isolated from the world economy. “Iran’s economy is a big economy and it ranks 18th in the world according to international economic institutions,” Es’hagh Jahangiri said at a gathering of Iranian ambassadors and heads of Iran’s missions abroad on […]

According to the Islamic Republic of Iran Customs Administration (IRICA), export value of decorative stones in the past Iranian calendar year (ended March 20, 2018) hit $341 million, showing a considerable 94 percent growth as compared to the five previous years. IRICA put the export value of decorative stones in 2012 at $176 million, registering […]

 Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world, Reuters reported today. Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a […]

Iran’s annual crude steel production increased 22 percent in 2017, while the world’s production improved by six percent in the said time, Iranian Industry Minister Mohammad Shariatmadari announced on Tuesday. “Iran produces 34 million tons of steel per year and is aimed at producing 55 million tons of the product by 2025,” he said, “To […]

Following the US pullout from JCPOA, the country has predefined three scenarios ahead of its ailing economy in sanctions period. Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Masoud Khansari made the above remark and said, “circumvention of sanctions, exacerbation of sanctions and negotiation are considered as three scenarios predefined in sanctions […]