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The lifting of sanctions that had banned major investments in Iran and excluded the country from the global economy for many years has now left Iran with high hopes for increased foreign direct investment to promote ongoing stable economic growth.

Learn about the latest macroeconomic and industry development in Iran. 


Macroeconomics


Iran's non-oil GDP growth stood at 4.6%

The latest report released by the Central Bank of Iran shows the country’s non-oil gross domestic product grew by 4.6 percent during the autumn last year. According to the report, GDP growth, including the oil sector, hit 15.7 percent.

Read more - Tehran Times

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Imports Exceed Exports at Iranian FTZs

About $1.4 billion worth of commodities were imported into Iranian free trade zones in the last Iranian year (ended March 20, 2017). 

Read more - Financial Tribune


Iran Steel Export Target: 15m Tons per Year

The government is targeting 15 million tons/year of steel exports during the sixth five-year development plan (ending March 2022). 

Read more - Financial Tribune


More on Macroeconomics

Roadmap for Improving Iran Business Climate - Financial Tribune

What's on Rouhani's second-term economic agenda - Al-Monitor

Iran's Gold Jewelry Deman Rises to 4-Year High, Bucks Oil Slump - Bloomberg


Financial Services


Bank Melli Iran's NPL Ration at 7.7%

Bank Melli Iran's ratio of non-performing loans to total loans currently stands at 7.7%, about 3% lower than the average ratio for the domestic banking system. The bank's capital used to stand at 100 trillion rials ($2.6 billion), only 20% of which were in cash.

Read more - Financial Tribune


CBI Targets for Next Four Years

The Central Bank of Iran will focus on managing banking interest rates and preventing a price war among other things for the four-year tenure of the next administration. 

Read more - Financial Tribune


SBP announces new trade process with Iran

The State Bank of Pakistan introduced a new mechanism for trade with Iran, which will be available as an additional mode along with previous other permissible mechanisms for the settlement of trade transactions.

Read more - The Express Tribune


Austria anticipates fluid financial exchanges with Iran

As Iran looks to open doors to foreign energy companies, the Austrian envoy to Tehran said banking channels needed to normalize.

Read more - UPI


Capital Market Moves to Spur Foreign Investment

Foreign investors in Iran’s capital market can now exchange their currencies based on market rates. The new initiative is aimed at encouraging foreign investments in Iran.

Read more - Financial Tribune 


Technology


Iran Telecom Co, Huawei in Cooperation Project

Telecommunication Company of Iran (TCI) has launched a project in collaboration with Huawei Technologies to integrate and upgrade landline and mobile telecommunications network. The deal will not be the last in this area as several other contracts with other foreign firms will be signed in the near future.

Read more - Financial Tribune 


Energy, Oil and Gas


Iranian solar market set to boom 

Large volumes of grid-connected PV power are expected to come online this year in Iran, however, projects realized with locally manufactured PV modules, which have right to higher FITs, are still missing.

Read more - PV Magazine


Iran’s largest solar project completed

Iranian investment conglomerate Ghadir and an unnamed partner from Greece have brought a 10MW solar PV plant into operation in the Isfahan province of Iran. This is the largest PV project in Iran to date costing US$18.5 million.

Read more - PV Tech


Iran buys gear to shield gas output 

Iran is buying equipment to avert possible disruption in output at its share of the world’s biggest natural gas field, in the event the U.S. imposes additional sanctions on its economy. 

Read more - Bloomberg


Persian Gulf nations tend to buy Iranian gas

Despite having rich oil resources, most of the Persian Gulf nations lack enough gas supplies. Iran and Qatar are the only two countries with access to gigantic gas reserves.

Read more - Tehran Times


OMV talks on Iran settlement to end

The chief executive of OMV stated talks with Iran's national oil company, NIOC, on settling outstanding claims which have hindered OMV from investing more in the country were almost finished.

Read more - Reuters


Transport & Automotive


French Consortium Fails to Develop International Airport

A consortium of two French companies that had signed a memorandum of understanding with Iran last year has failed to develop the international Imam Khomeini Airport City (IKAC). Iran repealed the contract four months ago when the French side did not keep up.

Read more - Aviation Pros


Dutch, Swiss firms to build Iran’s first logistics town

Iran has signed a contract with Dutch NACO and Swiss ADI firms for construction of the first logistics town in the Islamic Republic. Under the contract, ADI will carry out design of a comprehensive plan for logistics town of Imam Khomeini Airport City (IKAC).

Read more - Trends News Agency


Iran signs €2.2bn rail deal with China’s CMC

Iran has finalised a €2.2bn deal with China National Machinery Import and Export Corporation to electrify a 926-km railway from Tehran to the northeastern city of Mashhad. 

Read more - GCR


Roads Ministry to Establish Transportation Development Fund

Ministry of Roads & Urban Development plans to establish a transportation development fund by the end of the incumbent government’s tenure.

Read more - Financial Tribune


More on Transport and Automotive

Iran Produces 1/2 Million Motorcycles Annually - Financial Tribune

Pininfarina signs £30m deal to develop new platform for Iran Khodro - Autocar

French automakers push into Iran as rivals fear possible Trump sanctions - Automotive News

Hyundai Motor Seeks Bigger Footprint in Iran - Financial Tribune


Fast-Moving Consumer Goods


Iran to double food export to Russia

Iran’s food export to Russia stood at $2 billion in 2016 and the plan is to reach $4 billion this year.

Read more - Trends News Agency


New Zealand exporters resume lamb trade

New Zeland is about to resume shipment of lamb to Iran after a gap of two decades. 

Read more - NZFarmer


Queen Bee Distribution in Tehran

Tehran’s Agricultural Jihad Organization has begun distributing queen bees among the province’s beekeepers. 81,500 tons of honey were produced throughout Iran in the last fiscal year (ended March 20, 2017) and the figure is expected to rise 5.5% to reach 86,000 tons in the current year.

Read more - Financial Tribune


Investing in Iran

With its young demographics and growing urban population, Iran has become the center of attention for foreign investments. Tune in to this episode of MEA Pulse to learn what Adrien Rérolle, Infomineo Iran country manager, as a guest to share his insights on the Iranian economy, the challenges, and opportunities in doing business in Iran. 

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Is Iran a promising destination for business?

 

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