TEHRAN (Iran News) Speaking to ILNA, Farshid Shokrokhodaei said capital that would otherwise flow into productive sectors is increasingly moving toward gold and foreign currency markets.

According to official reports, gross fixed capital formation growth fell to negative 4.8 percent in the summer, marking its lowest level in four and a half years and a decline of 2.9 percentage points compared to the previous quarter. Economists caution that in a capital-intensive economy such as Iran’s, declining investment reduces productive capacity, erodes existing capital stock, lowers productivity, and weakens long-term growth prospects.

Asked about the impact of the current state of “suspension” between war and peace with the United States on businesses, Shokrokhodaei said investors are postponing decisions and halting development projects.

“In such conditions, investors focus on preserving the status quo,” he said. “They are no longer thinking about expansion or maintaining employment; their priority is simply to keep their businesses afloat.”

He warned that prolonged uncertainty inevitably leads to the erosion of businesses and economic capacity.

Shokrokhodaei noted that Iran’s capital formation rate has been negative for eight consecutive years, meaning new investments do not even compensate for capital depreciation.

“To achieve a positive capital formation rate, investment must exceed the amount of capital that is being worn out,” he said. “Currently, that is not happening.”

He attributed the situation to both the inability to attract foreign investment and the reluctance of domestic investors to commit capital amid ongoing uncertainty.

“When uncertainty persists, investment motivation declines. Investors wait for clarity, and the most important resource that is wasted is time,” he added.

Shokrokhodaei argued that a decade that could have been a period of economic flourishing has instead been lost due to indecision and delays within decision-making institutions.

“Opportunities have been destroyed. We see that in the government and parliament, many decisions are postponed,” he said.

He emphasized that capital is being diverted into assets such as gold and foreign currency rather than productive investment. “What is lost and cannot be replaced is time. We have lost a ten-year window for investment in this country,” he said.

“Not only are foreigners no longer investing in Iran, but Iranians themselves are also refraining from investing,” he added.

Shokrokhodaei concluded by stressing the need to open the country’s economy and prioritize economic policy. “The economy must become the central axis of the country,” he said. “At present, ideology and politics are the main driving wheels, and the economy is treated as secondary. When the economy becomes the main engine, the system will begin to function properly.”

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TEHRAN (Iran News) Mehdi Heydari said the recently issued guidelines for the establishment, operation, and oversight of Foreign Investment Promotion Agencies (FIPAs) aim to create a specialized, professional network dedicated to attracting foreign investment into the country.

Under Article 30 of the Law on Financing Production and Infrastructure, the organization is obligated to design a framework for the establishment of such agencies.

Heydari explained that the guideline provides the necessary prerequisites to clarify how these agencies will be formed, along with the standards for their establishment, operations, supervision, and accountability.

“Believing that Iran’s private sector has reached a level of maturity and dynamism that enables it to identify and showcase the country’s economic capacities—turning them into negotiable opportunities and facilitating the international engagements necessary for attracting investment and financing—we are working to ensure that these efforts take place through the genuine economic infrastructure of the country,” he said.

The deputy minister noted that in most countries, investment promotion is a fully professional, competitive, and specialized field, relying on the expertise of investment consulting firms.

“In Iran, these agencies will play three main roles: promoting and shaping Iran’s foreign investment image, producing relevant content, presenting opportunities, and participating in global events with targeted marketing strategies,” he said.

He added that the agencies will also provide comprehensive advisory and operational services to foreign investors—from initial project familiarization to company registration, licensing, inter-agency coordination, commencement of operations, post-investment support, problem resolution, licensing follow-up, and investment development.

“This model will enhance agility, specialization, and the private sector’s capacity in attracting foreign investment,” he said.

Heydari emphasized that beyond their services, the agencies are expected to act as trustworthy and professional advisors, helping improve the investment climate, identify obstacles, and propose practical solutions.

Explaining the criteria for receiving a license, Heydari said Iran’s economic landscape, combined with the private sector’s capabilities, requires forming credible and reliable institutions capable of professional international engagement and smooth information exchange.

For this reason, he outlined several strict, competency-based requirements for applicants, including:

A minimum capital of 20 billion tomans; Capability to conduct feasibility analyses; Content production abilities in three languages; and experienced management with no history of financial misconduct.

“These criteria ensure that both foreign investors and domestic partners can build accurate trust in these agencies, and that the market remains protected from unprofessional activity,” Heydari noted.

He explained that the establishment license is issued after document review by the Secretariat and the Evaluation Board and is valid for six months. To obtain an operating license, the agency must demonstrate sufficient capital, an appropriate office, an updated statute, and fully developed analytical and content production infrastructure. After evaluation, a two-year operational license is granted.

Heydari highlighted that the guideline establishes strong and multi-layered supervisory mechanisms, including periodic evaluations, continuous reporting, audits of financial statements, field inspections, and case-specific inquiries.

In the event of violations, the Evaluation Board can recommend renewal, suspension, warning, or revocation of a license.

“These evaluations are among the most important criteria for license renewal and ensure that service quality and professional conduct are consistently maintained,” he said.

Asked what services foreign investors will receive, Heydari stated that investors typically need clarity on three questions before entering a country:

Which projects are ready and credible? How will administrative processes proceed, and who will guide them? Which institution is responsible if challenges arise?

“These agencies are designed specifically to answer those questions,” he said, noting that they will analyze opportunities, prepare professional investment packages, conduct legal and administrative follow-ups, and accompany investors at every stage.

“In essence, we have created a specialized, single point of contact in the private sector for facilitating foreign investment.”

The official noted that with the Investment Organization’s approval, agencies may establish domestic or overseas branches—a significant advantage, as these offices will introduce Iran’s economic capacities directly and professionally in target countries.

“Having professional promotion agencies is one of the key indicators in international investment evaluations. Building this network improves the quality of project promotion, facilitates investor engagement, and enhances Iran’s ranking,” he said.

He added that high-quality service provision can also strengthen the agencies’ reputation inside and outside the country, turning them into powerful engines for foreign capital attraction.

Heydari stated that holding economic and educational events, participating in domestic and international exhibitions, and offering policy recommendations are all essential parts of the agencies’ role.

As agile, intelligent advisors to policymakers, their input can accelerate improvements in Iran’s investment environment.

The Investment Organization will introduce these agencies as official, accredited service providers to foreign investors and domestic beneficiaries, incorporating them into ongoing international and domestic engagements whenever possible.

Heydari concluded by stressing that priority will be given to venture investment agencies, which—through structural reforms pursued by the Ministry of Economy and the Investment Organization—will be able to mobilize financial resources and execute high-risk, high-potential investment projects.

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TEHRAN (Iran News) Hassanzadeh recalled Iran’s appreciation for Cuba’s cooperation during the COVID-19 pandemic, particularly in supplying vaccines to Iran, and said the main proposal from Iranian businesses is readiness to help revive and reconstruct Cuba’s large, long-inactive factories and enterprises.

He stressed that for such collaboration to succeed, Iranian investors must become familiar with Cuba’s foreign investment regulations, and necessary facilitation measures should be provided to ensure investment security while enhancing the appeal for Iranian participation.

Qadir Gheifeh, Vice President of Iran’s Chamber of Commerce, noted the wide range of cooperation opportunities between Iran and Cuba, emphasizing the potential for mutually beneficial “win-win” partnerships. Gheifeh highlighted that Cuba’s governance structure relies heavily on state mechanisms for major projects and underscored that investment security is a prerequisite for attracting investors. He added that Iranian businesses must gain greater familiarity with Cuban industrial and trade regulations to enter the market successfully.

He predicted that if the legal framework is favorable, bilateral trade between Iran and Cuba could reach $1 billion within five years. Gheifeh identified priority sectors for Iranian investment, including construction, road development, food production, agriculture, and mining, noting Iran’s technical expertise in mining and mineral processing could facilitate collaboration from exploration to production.

The Cuban Minister of Domestic Trade, citing directives from the Cuban President, announced efforts to identify opportunities for importing food, clothing, and consumer goods from Iran following the Iranian pavilion’s showcase at the 2025 Havana International Fair. He emphasized Cuba’s flexibility in trade and the potential to establish new joint ventures and expand bilateral economic activities.

The minister said Cuba’s main policy is to meet the population’s priority needs by building domestic production infrastructure. He stressed that domestic investment is the most effective way to offset the economic impact of U.S. sanctions.

Reiterating Cuba’s commitment to support foreign investors, the minister also noted that investors must accept the inherent risks. He added that the Iranian Embassy in Havana would facilitate communication regarding Cuba’s priority needs, including energy, food, and clothing sectors, and expressed readiness for cooperation in these areas.

Meanwhile later Hassanzadeh emphasized Iran’s capacity to help revive Cuba’s sugar industry and establish cement factories during a meeting with Antonio Caricarte Corona, President of Cuba’s Chamber of Commerce. Hassanzadeh requested that Cuba provide a list of idle factories and priority needs to guide Iranian businesses in expanding trade and investment.

Speaking during the Iranian trade delegation’s visit to Cuba, Hassanzadeh highlighted the Havana International Fair as an excellent opportunity to strengthen commercial relations. “Chambers of commerce worldwide have a social responsibility toward their nations, and we are committed to fulfilling this role,” he said.

He noted that both Iran and Cuba have long experienced harsh sanctions but stressed that Iran has developed substantial capabilities in technical and engineering services, modern agricultural technologies, food production, and industrial machinery despite these challenges.

Hassanzadeh explained that Iran is ready to participate in restoring Cuban production units that remain inactive due to sanctions. “Cuba has a long history of sugarcane cultivation, sugar production, and exports worldwide, but the industry is not as vibrant today. We believe Iran can play a significant role in revitalizing this sector,” he said.

The Iranian chamber president also highlighted opportunities for joint cooperation in medical and pharmaceutical fields, noting Cuba’s medical capabilities and Iran’s production of drugs and medical equipment.

He emphasized the importance of expanding domestic production and self-sufficiency as a key element of economic resilience. “For example, cement is not something Cuba should rely on imports for. Iranian investors are ready to establish several cement factories in Cuba under defined regulations and guarantees,” Hassanzadeh said.

In conclusion, he requested that the Cuban Chamber of Commerce provide a comprehensive list of idle factories and priority needs to help Iranian businesses better understand opportunities for collaboration.

Qadir Gheifeh, Vice President of Iran’s Chamber of Commerce, added that despite sanctions, Iran has achieved significant industrial growth. “The peoples of Iran and Cuba understand each other well. Cubans have endured unilateral sanctions for over 65 years, and Iran has faced the harshest sanctions. Yet these challenges have not stopped us from striving for development,” he said.

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TEHRAN (Iran News) Speaking at the “Foreign Investors: Opportunities and Challenges” conference in Mashhad, Heidari announced that the new agencies aim to facilitate licensing, residency, and foreign exchange processes, while providing integrated and investor-friendly services. He said these agencies will play a key role in maintaining the dignity and confidence of foreign investors entering Iran’s markets.

Heidari also highlighted a new resolution passed by Iran’s Foreign Investment Board that allows foreign investors to bring gold into the country as part of their capital contribution. The gold can be traded through the Iran Mercantile Exchange or the Currency and Gold Exchange Center, a move designed to protect investors’ assets while encouraging their participation in productive and export-oriented industries.

“With the establishment of these agencies, many existing obstacles related to permits, residency, and currency transactions will be removed,” Heidari noted. He added that the government plans to delegate more authority to provincial offices, ensuring that investment board meetings will no longer be held exclusively in Tehran but also across various provinces, depending on their economic potential and investment priorities.

Emphasizing equal treatment for domestic and foreign investors, Heidari said that Iran’s foreign investment law is designed to promote fairness and transparency. However, he urged relevant institutions to introduce special incentives, such as dedicated industrial parks for foreign investors, to attract more international capital.

He also called for the continuous development and updating of provincial investment packages, describing them as essential tools for identifying and promoting regional opportunities. “These packages must be regularly reviewed and refined so that they effectively highlight each province’s investment potential,” Heidari said.

The conference, held at Mashhad’s Mellat Complex, was attended by a number of foreign investors. In a Q&A session following his speech, Heidari addressed participants’ questions on topics including certification, SIM card access, residency permits, and other administrative issues related to investment in Iran.

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TEHRAN (Iran News) The meeting, hosted by the Tehran Chamber of Commerce, was attended by senior officials including the Deputy Minister of Industry, Mine and Trade (MIMT), Iran’s ambassador to China, several members of parliament, and the Iranian consul general in Shanghai.

Najafi-Arab noted that Iran traditionally exports goods such as dried fruits, saffron, carpets, handicrafts, and energy products to China but should now focus on exporting industrial and high-tech goods. “We must diversify our exports to include advanced manufactured products and increase the overall trade volume with China,” he said.

He announced the Chamber’s decision to establish a new commercial office in China to support Iranian exporters and promote non-oil exports. Similar plans are under way in Khorgos, northwest China, to set up facilities for packaging and production of Iranian goods. Najafi-Arab also proposed creating a digital platform to link Iranian and Chinese business communities directly, adding that the Tehran Chamber would provide office space for Iranian traders based in eastern China to enhance cooperation.

Highlighting the need for stronger institutional support, Najafi-Arab urged Iran’s embassy in Beijing to address persistent challenges in financial transactions and visa issuance. He also invited participants to visit the Tehran Chamber’s pavilion at the China International Import Expo, where Iran will showcase its industrial and commercial capabilities for the second consecutive year.

The chamber president expressed concern about the country’s declining investment rates, particularly in foreign investment. “Iranians abroad who run successful businesses should consider investing inside the country. Iran’s economy urgently needs new capital, especially in infrastructure, railways, energy, smart agriculture, and road construction,” he said.

Former Iranian ambassador to China Alaeddin Boroujerdi, now head of the Iran-China Friendship Association, called for establishing local Iranian chambers of commerce in various Chinese provinces, with the embassy’s support. He noted that visa issuance remains a major obstacle for Iranian traders, describing the process at China’s embassy in Tehran as “unacceptably slow.” He urged Iranian diplomats to pursue the issue with Chinese authorities.

Ruhollah Najabat, head of the Iran-China Parliamentary Friendship Group, stressed the need for an operational roadmap for bilateral trade. He proposed deploying multiple commercial attachés across China to identify provincial business opportunities and strengthen coordination between Iran’s private sector and government institutions.

Peyman Falsafi, member of parliament and of the Agricultural Commission, underlined the importance of aligning all state agencies under the 25-year Iran-China Cooperation Agreement. He highlighted China’s successful use of blockchain and digital currency technologies to bypass Western financial systems and suggested that Iran could adopt similar models to overcome sanctions-related barriers.

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TEHRAN (Iran News) Parliament Speaker Mohammad Baqer Qalibaf emphasized the need for collaboration among all three branches of the Iranian government to create a safer environment for investment in production, aiming to enhance investor motivation, which is crucial and can only be achieved through ensuring capital security in Iran.

Speaking during an open session of the Iranian Parliament on Sunday, Qalibaf noted that the economy comprises a set of interconnected areas; therefore, any intervention by policymakers will affect other sectors, and stakeholders’ responses to decisions must be carefully considered in advance.

The speaker warned that uncoordinated actions by policy-making entities could backfire. He pointed out that the lack of a coordinated approach over the past 15 years has exacerbated imbalances and created obstacles to sustainable economic transformation.

He also said that the motto for the Persian New Year relates not only to the economy but also to production. Over the past years, the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has designated mottos aimed at promoting production and economic progress, as well as addressing the livelihood issues of the people.

If investment increases, production will improve, leading to economic growth, which in turn enhances welfare and purchasing power, he said, noting that the key to resolving livelihood problems lies in investing in activities that boost productivity.

According to the speaker, constant changes in regulations can lead to capital flight and encourage people to invest in unproductive ventures. Therefore, the heads of the three branches of the government – judicial, legislative, and executive – should encourage investment from the public.

Further, he referred to the International Quds Day, which was commemorated across the world, saying that this year’s rallies in support of the Palestinian people demonstrated the unity among freedom-loving individuals against the crimes of the Israeli regime.

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TEHRAN (Iran News) Speaking on Saturday during the organization’s annual Nowruz (New Year) gathering, Seyed Hamid Pourmohammadi, Vice President and head of the Planning and Budget Organization, provided a detailed report on the organization’s performance over the past year and outlined its main priorities for the new year.

“Spring is the smile of God upon nature,” Pourmohammadi said, adding that he sees signs of divine blessings in the new year and expressed hope for making the most of this opportunity to serve and reduce poverty and shortcomings in the country.

Pourmohammadi described working within the Planning and Budget Organization as a rare and valuable opportunity granted by God, emphasizing the organization’s key role in national development.

“Whenever the country has needed development, this organization has been its messenger,” he said.

He highlighted that the collective goal among staff is to support national development, solve public issues, and oversee the performance of various sectors. He further stressed the organization’s responsibility to create a calm and secure environment for expert analysis and policy development.

The Vice President also revealed plans to transform the organization’s library into a center for intellectual exchange and open discussion.

“A key aspect of expert work is the ability to present research findings and analyses in a stress-free environment for discussion and review,” he said. The library has been repurposed to serve this function, and the organization’s document archives have also been reorganized.

Pourmohammadi announced the establishment of deeper collaborations with universities across Iran to help address national issues through research and expert dialogue. A series of expert meetings and academic exchanges are scheduled as part of this effort.

Pourmohammadi reflected on earlier concerns about budget deficits at the start of the current administration, noting that thanks to the support of the Supreme Leader, heads of government branches, and executive agencies, the country managed to pass the fiscal year 1403 (2024–2025) without major financial issues.

He officially announced the development of two major initiatives:

“Investment for Production”, which aligns with the national slogan of the year and focuses on strengthening domestic production; Countering Sanctions”, a comprehensive strategy to mitigate the effects of international restrictions.

He also reported the successful drafting of bylaws and implementation guidelines related to the Seventh Development Plan, which took effect in 1403.

Pourmohammadi emphasized that the views and recommendations of the Planning and Budget Organization are now being seriously considered by the country’s governing bodies. He expressed hope that this recognition would be translated into tangible progress in infrastructure and national development.

In closing, he thanked all staff members across the central organization, provincial branches, and affiliated agencies for their efforts, which have led to greater satisfaction among executive departments.

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TEHRAN (Iran News) Salimi explained that, within Iran’s Foreign Investment Promotion Organization, representatives from the Ministry of Economy and Finance, the Central Bank, the Planning and Budget Organization, the Ministry of Foreign Affairs, and the Iranian Chamber of Commerce jointly approve all foreign investment entry and exit permits. He added that for the past two decades, between 600 and 700 foreign investment projects have been approved and operated in Iran. Every year, one to two companies request to exit, either selling their share of operations to another foreign company or withdrawing their entire investment. This, he noted, is a regular process, with no significant change in the departure pattern compared to previous years.

Salimi further clarified that some international media outlets have linked these exits to political events, such as the potential re-election of Donald Trump or energy and raw material supply challenges faced by industries worldwide. For instance, it was claimed that Savola’s departure led to a shortage of cooking oil in Iran. However, Savola’s contribution to oil production in the country accounted for only 25%, and other local producers continue to supply the market.

According to Salimi, Savola had filed for the withdrawal of its investment over a year ago, and its exit, which was officially approved several weeks ago, took longer due to procedural delays. Similarly, while Majid Al Futtaim’s exit request has been approved, the company has not yet completed the transfer processes, which are expected to take about two months.

Salimi emphasized that the movement of foreign investors in and out of Iran is a positive sign, as it shows that foreign companies have the freedom to enter and exit the market as they choose. He further explained that when a foreign company leaves, another usually takes its place, which would not happen if the investment climate in Iran were unfavorable. If conditions were poor, investments would become “locked” in the country, which would be detrimental to all parties.

He also pointed out that over 40 foreign companies currently have entry permits for investment in Iran, with approvals being reviewed each month by the relevant authorities. While the granting of permits does not guarantee the immediate arrival of foreign investments, it signals interest from companies in investing in Iran, provided the initial conditions are satisfactory.

Salimi added that the term “foreign investor” is used for any entity bringing capital from outside Iran. This includes Iranians residing abroad who invest in the country, as well as foreign nationals from countries like Afghanistan, who are required to invest at least $100,000 in Iran to obtain a five-year residency permit.

Currently, approximately 400 foreign investment projects are active in Iran, with investors from countries such as the UK, Australia, and Canada involved. However, the UAE stands out as the leading investor in Iran due to its geographical proximity and ease of financial transactions.

Salimi noted that foreign investors can repatriate their annual profits from Iran in accordance with the law. The primary issue in the process of capital movement is financial transactions, as Iran is not a member of the Financial Action Task Force (FATF). Consequently, financial transfers must be conducted through currency exchange offices, and transactions are made in conventional currencies such as euros and dollars. Additionally, any technology, machinery, equipment, and raw materials brought into Iran by foreign investors are also recognized as part of foreign investment, and investors are allowed to export goods from Iran equal to the profits earned.

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Speaking in a presser, Ehsan Khandoozi, emphasized: The United Arab Emirates is a suitable place for real and legal investors.”

He added: A delegation from the UAE traveled to Tehran recently, and I also met the Minister of Economy of the UAE on the sidelines of the trip to Jeddah.

The Minister said: We also had proposals for cooperation with the private sector, and we are waiting for the response.”

He then noted that  a short-term economic plan will be unveiled to curb inflation. The plan, which will be implemented for 10 months, includes a number of measures to increase production, control the money supply, and stabilize the exchange rate, he added.

He said the plan was developed by the government’s economic headquarters, which is led by First Vice President Mohammad Mokhber, and was approved by President Ebrahim Raisi on Monday.

The plan includes a number of measures to increase production. It also includes measures to stabilize the exchange rate. The government believes that the plan will be successful in curbing inflation.

Khandouzi also said that SWIFT is considered to be replaced with the Asian inter-banking communication system.

He went on to say that one of the goals of the government is to control the inflation and the government has managed to control and manage the inflation by controlling the infrastructural factors of inflation in the national economy.

He added that the roots of inflation in the recent five years have led to mistrust of producers to the prices and the decline in purchasing power of the people.

He stated that global inflation last year as well as unrests in the country in the second half of the past year led to the chaos in the forex market and they were effective in the rise of inflation.  He added that the government has taken the control of the indiscipline of the government as well as monetary indiscipline.

He went on to say that this year the government is focused on easing the business regulations and the license for starting a business will be issued very fast.

Khandouzi also said that the liquidity growth slowed down by the end of last year and id reduced by 30% and the Central Bank has set the target to reduce it to 25% this year, reiterating that money creation in the national banking system is now under control.

He went on to say that some reforms are needed to reduce the dependence of national economy on the forex fluctuations and this should happen in the field of foreign trade and forex.

He stated that the Central Bank has supplied more forex to meet the needs of imports and production in the first two months of last year.

Khandouzi also said that soon some reforms in the labor law will be announced and it will boost job security for workers as well as employers.

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Speaking to ILNA, Hosseini said that Iran’s oil revenues have increased by $8b in the first half of the year and China is to allocate a credit line for investment in Iran through Iran’s oil revenues in China.

He then pointed to President Seyed Ebrahim Raisi’s visit to China and called it very important from the view of foreign policy because China is one of the major actors of the world politics.

He went on to say talks with China are important because China plays major part in Iran’s economic policy and exports.

Hosseini said that Iran’s oil revenues in the first half of the year were $26b while the figure was $18b in the same period last year. He stated that since major oil exports are China-bound, it is expected the oil revenues to increase next year.

He went on to say that China is very important for Iran both politically and economically and some agreements and contracts with China are not revealed due to the U.S. sanctions.

He stressed that with allocation of the credit line, Chinese companies can choose favorable projects and enter Iran market.

Hosseini said that Iran’s trade with China usually was over $50b in the past years but this year so far the figure has been $24b and it is expected it to hit $30b by the yearend. He noted that China is present in Iran’s infrastructural projects like railways and it has held talks.

Meanwhile Head of the Iran-China Joint Chamber of Commerce said Iran is to open a trade center in China by the end of the current Iranian calendar year (March 20), IRIB reported.

According to Majid-Reza Hariri, the center is going to be launched with the aim of pursuing the implementation of the recent agreements and deals signed between the two countries.

Pointing to the conclusion of numerous business agreements between Iranian and Chinese companies during the recent visit of President Raisi to China, Hariri said: “In order to follow up on contracts and develop business relations, an office will be established in China which will also work to facilitate the presence of Chinese businessmen in Iran.”

China has remained Iran’s largest trading partner for 10 consecutive years as of 2022, according to the Chinese Ministry of Commerce.

“China-Iran trade totaled $15.8 billion in 2022, up seven percent, year on year,” Shu Jueting, a spokesperson for China’s Commerce Ministry, told a press conference on Thursday.

“During President Raisi’s visit to China, the two countries exchanged in-depth views on promoting bilateral economic and trade relations and reached a series of positive results,” Shu said.

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