“Food and beverages”, one of the 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an average annualized inflation rate of 68% in the 11th month of the…
Domestic Economy
Inflation rose to unprecedented levels with the imposition of sanctions on Iran’s oil sales in the early 2010s but it slowed down with the election of former president, Hassan Rouhani, to less…
Iran and Turkey traded $411.3 million worth of goods in the first month of 2023 to register a 5% year-on-year decline, latest data released by the Turkish Statistical Institute show. Iran’s…
“Hotels and Restaurants”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered an average annualized inflation rate of…
A lingering problem in Iran’s economy since a decade before the Islamic Revolution of 1979, inflation has been fueled by demand pressure, devaluation of the rial, inefficient management of…
Armenia’s Minister of Territorial Administration and Infrastructures Gnel Sanosyan held a meeting with an Iranian delegation led by Cooperatives, Labor and Social Welfare Minister Solat…
Iran has discovered its first lithium reserve in Hamedan Province, according to Ebrahim Ali Molla-Beigi, director general of the Exploration Affairs Office of the Ministry of Industries, Mining…
Fifteen neighboring countries accounted for 93% and 81.5% of the weight and value of Iran’s agricultural, fisheries, livestock and food exports during the first 10 months of the current Iranian…
Iran’s economy has transitioned from one administration to another and all of them attempted to control the foreign exchange rates against the rial using trial and error in policymaking. …
Reducing environmental pollution has turned into one of the main concerns of human beings.
Iran traded around 150 million tons of goods worth $102 billion (excluding crude oil exports) during the first 11 months of the current fiscal year (March 21, 2022-Feb. 19), according to the…
Iranian President Ebrahim Raisi visited China from Feb. 14-16. Iran has been on the anti-American frontline in the Middle East for decades and ties between China and the US have been…
Iran’s exports to Lebanon stood at $112 million in 2022, registering the highest volume in the past 20 years. In 2021, Iran exported a total of $44 million worth of goods to Lebanon, which…
Apparent steel use in Iran has increased during the first 10 months of the current Iranian year (March 21, 2022- Jan. 20) compared with last year's corresponding period, latest data released by…
The Statistical Center of Iran’s latest survey of the country’s 31 provinces shows Khuzestan posted the lowest average annual inflation with 42.7% while West Azarbaijan registered the highest…
Iran and Zimbabwe have signed a memorandum of understanding in the fields of pharmaceutical, medical equipment, medical education and health systems management which is expected to boost…
Iran’s Consul General Hassan Nourian has said that bilateral trade between Pakistan and Iran has reached $2 billion in the last 10 months, while the target was set at $5 billion. “However, due…
Vice President of Zimbabwe Constantino Chiwenga is in the Iranian capital Tehran for bilateral engagements, as the African country continues to look for ways to further strengthen its…
“Tobacco”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered an average annualized inflation rate of 40% in the…
A total of 334,637 tons of goods worth $206.51 million were exported from Golestan Province during the first 11 months of the current Iranian year (March 21, 2022-Feb. 19), registering a 9% fall…
The coal concentrate production of the Iranian Mines and Mining Industries Development and Renovation Organization’s subsidiaries reached 660,154 tons during the first 10 months of the current…
Iran traded 50.08 million tons of goods (excluding crude oil exports) worth $29.22 billion with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi…
Double-digit inflation rates, either those hovering around 18-20% in the years prior to the fiscal 2018-19, or 40-50% in subsequent years, are triggered by the government’s insistence on…
Iran Marine Industrial Company is currently repairing a Russian ship that crashed into an iceberg on the Volga River and is joining China in helping Russia to dredge the Volga-Caspian Seaway…
Iran’s trade with India grew by 48% in 2022 compared with the year before to stand at $2.5 billion, latest data released by Indian Ministry of Commerce and Industry show. Iran’s exports stood…
