Thursday, June 1, 2023

Iran Economy

Iran trade with neighbors grows to $52bn

The value of Iran’s trade with neighboring countries grew 43% percent last Iranian calendar year, compared to the previous one, which ended on March 20.

Iran’s non-oil trade hits record high in years: Official

Iran’s non-oil trade hit a record high figure in the Iranian calendar month ending March 20, an Iranian customs official says.

Iranian president says economy not tied to JCPOA

Iran’s President Ebrahim Raisi says his administration has not tied the Iranian people’s lives to the 2015 nuclear deal, JCPOA.

Iran’s steel exports surpass 6.4 million tonnes in 11 months

Iran exported upwards of 6.4 million tonnes of steel and steel products in the eleven months to late February 2022, registering a 9%-rise year on year.

Historic growth in Iran’s foreign trade

Official figures show Iran's foreign trade increased by 50% in January and February of this year.

Iranian daily: Officials paying lip service to improving economy

Iranian daily Jomhouri Eslami - Islamic Republic – has strongly criticized the government’s handling of the economic situation in the country, saying the pressure people are facing to provide for their livelihoods “has broken their backs”.

Iran’s service sector inflation rate hits record high

Iran’s service inflation rate reportedly hit a record high in the autumn of 2021.

Iran parliament sounds alarm over key economic indicators

A report by the Iranian parliament’s center for research show capital inventory will be in the negative zone this Iranian calendar year to March 2022 for the third consecutive year.

15th Iran Plast exhibit opens in Tehran

The 15th Iran Plast exhibition, the largest specialized expo on polymers in the Middle East, has opened in the Iranian capital Tehran in a ceremony with the presence of Oil Minister Javad Owji.

Enemy sought to shatter Iran’s economy: Iran Leader

Iran’s Islamic Revolution Leader says the enemy has tried to deal a blow to the country’s economy by waging an economic war.

‘Govt. coordinated currency, trade policies help Iran’s export value top $40bn’

The chief of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) expressed his satisfaction with the worth of exports, saying the coordination between the government’s currency and trade policies has effectively helped Iran’s exports touch more than $40 billion.

Central Bank Chief: Iran inflation down 17%, economic growth likely 8%

The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,

Official: Smuggled Iran fuel fetches UAE over $20bn annually

An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.

Iran parliament approves generalities of next year’s budget bill

The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.

Govt. seeking to neutralize sanctions: Iran president

Iran’s president says the top priority for his administration is to tackle the sanctions imposed on the country by the United States.

Iran govt. berates MPs for “being irresponsible” toward national economy

An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.

Raisi: No plans to raise gasoline prices

Raisi: No plans to raise gasoline prices

Iran MP: Fuel smuggled out in great volumes due to subsidies

An Iranian lawmaker says fuel is being smuggled out of the country in great volumes due to the subsidized prices inside Iran.

Iranian president: Ill-wishers bent on scuttling ties with neighbors

Iran’s President Ebrahim Raisi has urged vigilance as “ill-wishers” are bent on torpedoing ties between the Islamic Republic and its neighbors.

Iran’s trade with neighbors reach $33bn in eight months: official

Iran’s trade with neighboring countries has touched the $33 billion mark over the past 8 months.

Iran aiming for doubling trade with neighboring countries

Iran’s deputy foreign minister for economic diplomacy says the government is planning to double trade with neighboring countries.

“Govt. budget pushes economy to brink, raises pressure on people”

Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.

Raisi urges focus on domestic potential as he presents budget bill to MPs

Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.

Five arrested in Iran for destabilizing foreign exchange market

Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.

Billions of dollars in frozen Iranian assets unlocked

Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.

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