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Economy

Why is Iranian rial suddenly weakening?

Al-Monitor - A recent devaluation of the rial on the so-called free market in Iran has raised concerns that the…

Iran Opens Extension Of Key Port

RFL/RE - Iran has officially opened an extension of its southeastern port of Chabahar, which Tehran hopes will become a…

Iran moves to stamp out corruption opportunities in customs

Al-Monitor - Government officials and investors all agree that Iran needs to improve its business climate to attract the needed investment for…

Iran exports $180M Persian carpets in 7 months

PayvandNews - Deputy Head of Iran's Carpet Center for Economic Affairs Mohammad Mehdi Farshchi said Iran exported hand-woven carpets worth…

Iran’s tourism chief calls on private sector to assist ‘Tabriz 2018’

PayvandNews - Iran's tourism chief has called for a partnership between domestic travel companies and associated businesses to help organize…

Iran says Qatar wants five-fold increase in trade

PayvandNews - Iran says it had received a proposal from Qatar to increase the level of trade between the two…

Iran’s Inflation rate stands at 8.4 percent: Statistical Center

PayvandNews- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the…

Iran pushes to retain Asia oil buyers as possible U.S. sanctions loom

Reuters - Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the…

Iranian Currency Reaches New Lows As Inflation Remains High

PayvandNews - The value of the Iranian rial has again dropped in recent days, reaching a new record low for…

Iran’s path to becoming an LNG exporter

Al-Monitor - In the early 2000s, as Iran drafted ambitious plans to exploit its huge gas potential, allocating some of…