Domestic Economy

  • Zarif Begins 4-Nation East Europe Tour
    Foreign Minister Mohammad Javad Zarif arrived in the Serbian capital Belgrade on Monday for the first leg of his East European tour, which will also take him to Bulgaria, Croatia and Bosnia.  A...
  • Iran-Belgium Trade Up 10.35% in 2017
    Trade between Iran and Belgium stood at over €678 million in 2017, registering a 10.35% rise compared with 2016.  This makes the European country Iran’s seventh biggest trade partner from among...
  • Business Delegation to Visit Albania, Macedonia
    An Iranian business delegation led by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei is scheduled to visit Albania and Macedonia from April 23 to 26....
  • Industrial Permits Register Growth
    The Ministry of Industries, Mining, and Trade issued 13,974 permits for the establishment of industrial units during the nine months to Dec. 21, 2017, registering an increase of 16.9% compared to...
  • Container throughput at Khorramshahr Port has reached 81,000 TEUs so far.
    More than 2 million tons of goods have been loaded and unloaded in Khorramshahr Port since the beginning of the current Iranian year on March 21, 2017, indicating a 130% jump compared with last...
  • Single-Digit Inflation Expected for 2nd Consecutive Year
    For the first time in almost half a century, 46 years to be precise, the Iranian economy is expected to register a single-digit inflation rate for two years in a row.  According to the latest...
  • Iran exported $5.57 billion worth of non-oil goods to Iraq during the 11 months to Feb. 19, the secretary-general of Iran-Iraq Chamber of Commerce said. Hamid Hosseini also told Financial Tribune...
  • Connectivity Central to Iran-India Future Ties
    Iranian President Hassan Rouhani’s recent state visit to India has strengthened the prospects of India-Iran relations and raised India’s profile in the region. Indian Prime Minister Narendra Modi...
  • Shahid Rajaee Port’s Phase 3 Launch on Wed.
    President Hassan Rouhani is scheduled to break ground on Phase 3 of Shahid Rajaee Port, Iran’s biggest container port at the mouth of the Strait of Hormuz in southern Hormozgan Province on...
  • Domestic Textile Industry in  Dire Straits
    The Iranians’ overall declining purchasing power and excessive imports have pushed the Iranian textile industry into recession in recent years, the chairman of Tehran’s Wholesalers and Textile...
  • Salary Rise  Cap at 20%
    Members of parliament have set the highest increase in salaries for public sector employees in the next fiscal year (starting March 21) at 20%. Top executives, including the heads of the three...
  • Iranians spend up to 80 billion rials ($1.77 million) on smoking daily.
    From a moral standpoint, policymakers should not prioritize the interests of powerful economic entities over public welfare. However, when it came to deciding the cigarette tax rates last week, the...
  • CBI: Inflation at 9.9%
    The average goods and services Consumer Price Index for urban areas in the 12 months ending Feb. 19, which marks the end of the Iranian month of Bahman, increased by 9.9% compared with last year’s...
  • Pre-Arrival Declaration in 2 More Customs Terminals
    The Islamic Republic of Iran Customs Administration has allowed the pre-arrival declaration of imported commodities in Shahid Bahonar Customs Terminal of Bandar Abbas in the southern Hormozgan...
  • Qazvin-Rasht Railroad to Come on Stream in 3 Months
    The railroad to connect the two Iranian cities of Qazvin and Rasht has made 81% physical progress and is scheduled to come on stream during the second month of the next Iranian year (starting March...
  • Iran’s Corruption Perceptions Index Improves
    Iran’s score based on the Corruption Perceptions Index improved by a notch in 2017 with 30 out of 100, a report by global graft monitor Transparency International announced.  The CPI scale...
  • India’s 6th Wheat Consignment Unloaded at Chabahar
    India’s sixth consignment of wheat to be sent to Afghanistan arrived in Iran’s southeastern port of Shahid Beheshti in Chabahar on Thursday. A total of 3,600 containers weighing 95,000 tons have...
  • Exports to OIC Top $17 Billion
    Iran exported $17.19 billion worth of goods to member states of the Organization of Islamic Cooperation during the first 10 months of the current year (started March 21, 2017), Trade Promotion...
  •  The government is planning to create 1.33 million jobs in the next fiscal year (starting March 21).
    Eight Iranian provinces, namely Hormozgan, Semnan, Markazi, North Khorasan, Khorasan Razavi, Ardabil, Ilam and Zanjan, registered single-digit unemployment rates (7.5%, 8.3%, 8.5%, 8.7%, 8.8%, 9.2...
  • Crimean Ports Under Sanctions Looking for Way Out to Iran
    Crimea’s ports, which are not operating at full capacity due to the fear of ship-owners incurring fines from Ukraine and western sanctions, are considering the possibility of working with Iran as...
  • Next Year’s Budget Approved
    Members of the Iranian Parliament agreed on a 12.17-quadrillion-rial ($269 billion) budget for the next Iranian year on Thursday with 148 votes in favor, 38 against and 3 abstentions.  The budget...
  • 5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
    India’s fifth consignment of wheat to be sent to Afghanistan has arrived at Iran’s southeastern Shahid Beheshti Port in Chabahar. The Ministry of Roads and Urban Development’s news portal also...
  • Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
    Foreign ministers of the Netherlands and Spain are in Tehran for expansion of bilateral economic and political ties.  Sigrid Kaag, who also doubles as minister of foreign trade and development...
  • 27m Chickens Culled Since Avian Flu Outbreak
    More than 27 million chickens have been culled since the recent outbreak of avian flu in Iran, chairman of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken, Nasser...
  • SCI Puts Inflation  at 8.3%
    The average goods and services Consumer Price Index in Iran over the 12-month period ending Feb. 19, which marks the end of the 11th Iranian month, increased by 8.3% compared with last year’s...

Pages

Financialtribune.com