Economy

Iran’s economy has slowly but measurably rebounded in the year since Tehran signed a historic nuclear deal with the world’s six major powers. The two most tangible changes have been the increase in oil exports – which have nearly doubled since sanctions were lifted on January 16 – and the dozens of…
Cameron GlennThe most significant development in January was the implementation of the nuclear deal, which awarded Iran partial relief from U.S., U.N., and E.U. sanctions. European and Asian companies quickly took steps to establish a foothold in the Middle East’s second largest economy.  Days…
Cameron Glenn In August and September, Iran’s leaders tried to manage high expectations that the final nuclear deal will carry immediate economic benefits. The deal’s “Implementation Day,” when certain U.S., E.U., and U.N. sanctions will be lifted, will likely not occur until mid-2016.…
The Iranian economy will receive a boost from sanctions relief, both from increased trade and recovering billions of dollars in frozen assets. Additionally, Iran’s return to the oil market could cause oil prices to drop by 14 percent, according to the World Bank’s MENA Quarterly Economic Brief,…
Cameron GlennEconomic trends in June and July were heavily shaped by the nuclear deal between Iran and the world’s six major powers, which was announced on July 14. Iran is poised to benefit economically from the deal, once a number of U.N., U.S., and E.U. sanctions are lifted. European and Asian…
Cameron GlennIn May 2015, Iran continued to explore expanding trade ties with the international community, in anticipation of a nuclear deal that could lift international sanctions. On May 25, Tehran Stock Exchange CEO Hassan Qalibaf-Asl met with a group of international investment managers and…
Iran is the most attractive tourist destination in the world in terms of price competitiveness, one of the 14 indicators in the World Economic Forum’s Travel & Tourism Competitiveness Index. Price competitiveness measures purchasing power parity, the cost of access to transportation and hotel…
Increasingly strict U.S. and E.U. sanctions during the last decade, coupled with corruption and mismanagement under President Mahmoud Ahmadinejad (2005-2013), took a toll on Iran’s economy. But President Hassan Rouhani made significant headway in stabilizing the economy after he took office in 2013…
Cameron Glenn As the world’s six major powers negotiate a nuclear deal with Iran, U.S. and European oil companies are already eyeing the potential benefits of reinvesting in Iran’s petroleum sector. If sanctions are eased, they are well positioned to provide the advanced technology and equipment…
Interview with Christopher Schroeder How often do you travel to Iran?   I have gone on two trips to Iran, in spring of 2014 and 2015. They were coordinated by a small group of members of the Young Presidents’ Organization and World Presidents’ Organization — a global network of some 22,000 CEOs…