“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…
Domestic Economy
Iran 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…
The 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…
Tehran 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…
The 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…
Budget is the government’s one-year financial plan. It is a document showing the costs of achieving a number of goals.
These 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…
Iran is the world’s second biggest producer of dates, according to a local official. Noting that 1.3 million tons of dates were produced in the country in the last Iranian year (March 2022-23…
Iran’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…
Iran 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…
Lack 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.
“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…
The 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…
The 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…
Tehran 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…
Addressing budget deficit and making a return to financial discipline are the main solution to inflation.
Iran’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…
Iran Air continues to capitalize on its successes, as it adds an extra flight between Tehran and London Heathrow this summer. The carrier has been working toward continued expansion outside the…
According 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…
‘Hotels, Restaurants’ Hits Highest Inflation With 85.3%
A 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…
Trade 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…
Iran 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.…
Collective illusions are convictions and beliefs that are formed in social groups and can be observed in that group in a stark manner, Todd Rose, a professor at the Harvard Graduate School of…
Making an improvement in people’s livelihoods is the goal of all economic policies. Economics and all policymaking tools should help promote economic growth and public well-being. With that in…
