Domestic Economy
July 21, 2023 19:47
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May 31,2023The services sector employed 51.6% of the Iranian employed population (12.23 million) in the fiscal 2022-23, 1.8% higher than the year before, whereas industrial and agricultural sectors generated... -
May 31,2023The US dollar accounts for 88% of world transactions and comprises a sizable part of the reserves of central banks and major companies, which have increased demand for US bonds in financial markets...
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May 31,2023With the implementation of the free-trade zone agreement between Iran and the Eurasian Economic Union, Armenia will receive privileges for a number of products, including food commodities, Armenia’...
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May 31,2023Iran and Turkey traded $1.47 billion worth of goods during the first four months of 2023 to register a 23.18% year-on-year decline, latest data released by the Turkish Statistical Institute show....
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May 31,2023Tehran Chamber of Commerce, Industries, Mines and Agriculture, in cooperation with Tehran Industries, Mining and Trade Organization, is scheduled to hold a conference to introduce laws and...
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May 31,2023Is the advent of hyperinflation in Iran's economy close? This is a question frequently asked by economists, experts and even officials these days. Some give a positive answer to these ambiguities,...
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May 31,2023“Clothing and Shoes”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 48.6% in the second month of the current Iranian...
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May 30,2023These days, Iranians are feeling the pain of high prices with their skin, flesh and bones. They are up against a new round of price hike for protein and dairy products, fruits, vegetables and...
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May 30,2023Iran’s total foreign trade, excluding crude oil exports, reached 25 million tons worth $15.45 billion during the first two months of the current fiscal year (March 21-May 21), according to Mohammad...
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May 30,2023Budget is the government’s one-year financial plan. It is a document showing the costs of achieving a number of goals. Among key goals of the budget are improving economic efficiency, income...
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May 30,2023Iran is the world’s second biggest producer of dates, according to a local official.
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May 29,2023“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered a 6.4% annualized inflation rate in its Consumer Price...
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May 29,2023The Sultanate of Oman and Iran signed two memoranda of understanding (MoUs) and two cooperation agreements in Sa’dabad Palace, Tehran, to enhance development and investments between the two...
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May 29,2023Addressing budget deficit and making a return to financial discipline are the main solution to inflation. In Iran, revenues are divided into those derived from oil sales and taxes. When the...
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May 29,2023Lack of a detailed roadmap is the main weakness of Iran’s industrial sector that still does not have a clear strategy, despite the promises made by government officials. This negligence has led to...
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May 29,2023The Education and Human Resources Institute, affiliated with Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold five business courses in the upcoming weeks. The...
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May 29,2023Tehran is hosting the 24th International Exhibition of Medical, Dental, Laboratory and Pharmaceutical Equipment, also known as “Iran Health”. Hosting more than 500 domestic and foreign companies,...
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May 29,2023Iran exported 1.41 million tons of goods worth $743.88 million to Russia in the fiscal 2022-23 (ended March 20), registering a 25% and 57% rise in weight and value respectively compared with the...
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May 28,2023According to global standards, three to five people should be employed against every retiree. In other words, the pension of a retired person is paid from the premium payments of three to five...
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May 28,2023A total of $215 million worth of goods were exported from Iran to Central Asian and Caucasian countries, as well as Russia, during the first month of the current Iranian year (March 21-April 20),...
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May 28,2023Iran Air continues to capitalize on its successes, as it adds an extra flight between Tehran and London Heathrow this summer.
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May 28,2023‘Hotels, Restaurants’ Hits Highest Inflation With 85.3%
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May 28,2023Trade and economic ties between Oman and Iran have burgeoned in recent years, as both countries leverage their geographical proximity, historical ties and strong neighborly relations to boost...
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May 28,2023Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 9% in the last Iranian year (ended March 20, 2023), indicating a 0.2% decrease compared with the...
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May 27,2023Iran is increasing wheat production, such that output stood at 12 million tons in the 2021-22 crop year and rose to 13.2 million tons in 2022-23, according to the US Department of Agriculture. It...
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