Saturday, December 3, 2022

Iran Economy

Statistics: Over 3 million lost jobs or left Iranian labor market in one year

Figures show more than three million people in Iran have either lost their employment or left the labor market in the country over the past year.

Private sector official: Cost of internet filtering to businesses well over $3bn announced

The Iranian private sector’s House of Industry and Mine says the cost of over a month of strict internet filtering in Iran due to protests and riots is far higher than the nearly $3bn announced by the Iranian chamber of commerce.

President Raisi: Iran witnessing growth in exports despite sanctions, threats

Iranian President Ebrahim Raisi says the Islamic Republic has recorded a significant growth in exports, including non-oil sales, despite all the economic sanctions and threats against the country.

“Livelihoods of 9 million people in peril because of internet shutdown”

The deputy head of Iran's chamber of commerce says each hour of internet outage is causing a loss of $1.5 million to the economy. Hossein Salahvarzi, in the meeting of the council of negotiations between the private sector and the government, said this has also put 9 million jobs at peril in Iran.

Iranian VP: Free trade zones with Russia can render sanctions ineffective

Iran’s First Vice President Mohammad Mokhber says US-led sanctions cannot stand in the way of trade between Iran and Russia، highlighting the role of free trade zones in bypassing the embargoes and expanding bilateral ties.

Iran’s exports of industrial products up 70%

Iran’s exports of industrial products have increased by 70% during the tenure of Ebrahim Raisi, who took over as Iranian President in August 2022.

Iran customs: Exports to Africa increased 40% in 5 months

Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced.

Official: Iran-ECO trade up 40 percent

The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.

Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future

An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”

Official: Iran’s 5-month trade with neighbors exceeds $20bn

Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.

Figures show 48% growth in foreign trade during 1st year of Raisi’s administration

During the first year of the 13th Iranian administration under President Raisi, the Islamic Republic’s foreign trade grew by an unprecedented 48%.

Iranian official: 22% increase in exports to neighbors

The spokesman for Iran’s customs organization has said in the first four months of the Persian year of 1401, 27,035,000 tons of goods worth $16,871,873,000 have been traded between Iran and neighboring countries.

Iran reports 58% increase in transit of foreign goods

The spokesman for Iran’s customs organization says since President Ebrahim Raisi took office in late August 2021, 151,496mn tons of goods worth $101,820bn have been traded between Iran and foreign countries.

Iran’s non-oil foreign trade touches $9bn mark

Iran’s non-petroleum foreign trade rose 19% in the month ending July 22, 2022, standing at nearly $9 billion, says an Iranian official.

Iran’s no-oil exports rise by 22% in first 4 months of this year

The Iranian government spokesman Ali Bahadori says Iran's no-oil exports in the first 4 months of the  Persian year 1401 hit 17 billion dollars.

Iranian Intelligence Ministry dismantles forgery ring

Iran’s Intelligence Ministry says its agents have dismantled a forgery and corruption ring after identifying all its members.

Iran 10th bigest steel producrer in the world, despite decrease in production

World Steel Association declared in its latest report that steel production in Iran in June 2022 decreased by 10.5% compared to the same period in 2021.

Iranian president urges efforts to streamline border trade

Iranian President Ebrahim Raisi has called for authorities to make efforts to improve the livelihoods of people living in border areas.

Iran’s non-oil trade with SCO surges by 29%

Iran’s non-oil trade volume with permanent and observer member states of the Shanghai Cooperation Organization (SCO) has increased by 29 percent in the second quarter of 2022 compared to the same period last year, the spokesperson for Iran’s Customs Administration says.

Iran eyes improved marine transportation capacity in road to becoming regional transit hub

Deputy Iranian Minister of Roads and Urban Development says an increase in the number of marine transportation fleet in the northern and southern waters is expected to lead to considerable rise in trade with neighboring countries.

Iranian daily belittles Raisi administration for boasting of ‘small-time trade with region’

An Iranian daily has criticized the President Ebrahim Raisi administration for boasting of a policy of economic engagement with regional countries, which “accounts for merely six percent of the world economy.”

Thanks to trade diplomacy, Iran’s exports rise across board

Official figures show Iran’s exports to neighbors and beyond grew last year despite harsh US sanctions on the country.

Iranian official: Neighbors accounted for 51 percent of Iran’s total exports

The Iranian Customs Organization’s spokesman has said non-oil trade between the country and neighbors in the first quarter of this Persian year was $12.36bn. Seyyed Ruhollah Latifi added that neighbors accounted for 51 percent of Iran’s total exports.

Iran to roll out pilot version of Crypto-Rial digital currency soon

Iran says it is preparing to roll out a pilot version of its first Central Bank Digital Currency (CBDC), named Crypto-Rial, in around two months, in a development that could transform the country’s financial canvas.

Daily critical of soaring prices of goods in Iran

An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.

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