Citing World Bank figures on a huge GDP fall 2017-20, Gholam-Hossein Shafei has said the government needs to revise policies to stimulate competition and encourage investment.
22 hours 46 min ago
Iran economy
There are new signs that Iran's new government wants to reduce $60 billion in subsidies to around 70 million people as it faces financial hardship amid US sanctions.
09 Sep 2021
New figures published by the World Bank shows Iran's Gross Domestic Product (GDP) declined to $192 billion in 2020, compared with $445 billion in 2017.
09 Sep 2021
The new Iranian government appears to be thinking to reduce multi-billion dollar fuel and food subsidies, replacing them with direct assistance only to needy groups.
07 Sep 2021
While Bloomberg reported that Iran's steel production is rising fast, an Iranian industry official told Fars news agency that steel production is down 50 percent in recent months.
04 Sep 2021
Iranian experts are concerned about less exports to Taliban-controlled Afghnaistan, which has been important for Iran amid economic isolation resulting from US sanctions.
03 Sep 2021
Income and wealth disparity in Iran have grown as economic problems including higher inflation and fall in the value of the local currency have worsened.
02 Sep 2021
Iranian president Ebrahim Raisi's cabinet convened its first meeting on Thursday while pundite and the media saw potential friction among four senior economic officials hehas appointed.
26 Aug 2021
An analyst and a business leader in Iran have criticized foreign minister-designate's plans for relying on trade with the Asia as a solution to the country’s current economic hardship.
24 Aug 2021
While Iran has exported more oil in 2021, it has received less revenues in hard currency. The secret lies in the role of middlemen, who make huge profits from illicit exports.
23 Aug 2021