Domestic Economy
July 21, 2023 19:47
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July 11,2023The Purchasing Managers' Index for local industries settled at 55.3 in the current Iranian year’s third month of the current year (May 22-June 21), down from 66.96 in the preceding month (April 21-... -
July 11,2023Most of the state-owned banks in Iran do not meet the Basel 3 standard and their capital adequacy ratio is below 7%, the neglect of which would raise their risk of bankruptcy, the head of the...
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July 11,2023The Iron and Steel Council of Iran has lashed out at the decision to double gas prices for steel mills in a letter to the new Industries, Mining and Trade Minister Abbas Aliabadi. According to the...
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July 11,2023The Iranian National Tax Administration earned 1,370 trillion rials ($2.75 billion at the current market exchange rate) in tax income during the first quarter of the current fiscal year (started...
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July 10,2023The bill of the seventh five-year development plan, which is under review in the parliament, has paid attention to the issue of banking reforms in the second chapter titled "Reforming the Banking...
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July 10,2023A total of 327,000 tons of non-oil goods worth $122.751 million were exported from Iran to 36 African countries during the first quarter of the current Iranian year (March 21-June 21), registering...
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July 10,2023Data published by the Statistical Center of Iran and the Central Bank of Iran show that the economy expanded by more than 4% in the fiscal 2022-23. This is neither an extraordinary achievement...
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July 10,2023Kenya’s earnings from tea exports to Iran jumped eightfold in the first quarter of 2023, partly soothing the impact of lower sales of the beverage to the West Asian country’s neighbor Pakistan....
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July 10,2023Seven provinces in Iran registered double-digit unemployment rates for people of ages 15 and above in the first quarter of the current Iranian year (March 21-June 21), according to the Statistical...
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July 10,2023Iraqi Health Minister Salih Al-Hasnawi signed on Saturday a memorandum of understanding for health cooperation with his Iranian counterpart Bahram Einollahi.
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July 09,2023Exports of nuts and dried fruits stood at $1 billion in the last Iranian year (March 2022-23), registering a 70% drop compared to $2.5 billion in the previous year, according to the secretary-...
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July 09,2023Major Iranian producers of minerals and mining products exported 15.81 million tons worth $3.32 billion during the first quarter of the current Iranian year (March 21-June 21), to register a 48%...
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July 09,2023Iran exported 2.07 million tons of agricultural and food products worth $1.3 billion during the first quarter of the current Iranian year (March 21-June 21), new data released by the Agriculture...
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July 09,2023Over the past half a century, the Iranian economy has been wrestling with inflation, though internal and external factors have doubled the inflation rate in the past decade. The inflationary boom...
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July 09,2023Direct flights between the city of Ramsar, located in Iran’s northern Mazandaran Province, and Oman’s capital, Muscat, have been launched by Taban Air. The first flight was operated on July 4 at 3...
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July 09,2023A total of 524,000 tons of goods worth $447.86 million were exported from Isfahan Province during the first quarter of the current Iranian year (March 21-June 21), registering a 7% and 41% year-on-...
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July 09,2023The only medium-term solution to cope with the electricity imbalance in Iran, where demand outweighs supply, is the liberalization of the electricity industry via the stock market, the deputy head...
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July 09,2023Iran’s trade with India declined by 21.65% during the first five months of 2023 compared with the same period of last year to stand at $843 million, latest data released by the Indian Ministry of...
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July 09,2023“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 40% in the third month of the current Iranian year (May 22-...
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July 08,2023A total of 5.04 million tons of goods worth $1.37 billion were exported from Khuzestan Province’s customs terminals during the first quarter of the current Iranian year (March 21-June 21),...
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July 08,2023Iran officially became the permanent member of the Shanghai Cooperation Organization on July 4, increasing the current SCO membership to nine.
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July 08,2023One of the tasks of development planners is to consider the country’s resources and assets, and suggest the best way to use them for achieving the plan’s goals. Natural resources, production...
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July 08,2023A total of 1.87 million tons of different kinds of livestock feed worth $887 million were imported during the first two months of the current Iranian year (March 21-May 21), registering a 20% (or...
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July 08,2023Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 8.2% in the first quarter of the current Iranian year (March 21-June 21), indicating a 1% year-on-...
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July 08,2023What are the effects of foreign policy developments on the economy? Why are inflation and market volatility persisting? These questions have constantly occupied the minds of many Iranians,...
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