An Iranian customs official says the Islamic Republic registered a positive balance of trade in the first month of the Persian calendar year (ended April 20).
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 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.
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”.
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.
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.
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.
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.,
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.
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.
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.
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.
