• Graduate Unemployment at 19.4%

    The average unemployment rate for university graduates stood at 19.4% in the last fiscal year (March 2017-18), registering a decline of 0.6% compared with the year before, according to a new report released by the Ministry of Cooperatives, Labor and Social Welfare. 
    The unemployment rate among male and female graduates was at 13.5% and 30.4% respectively. 
    Out of 12.5 million university graduates, only about 7.1 million or 56.9% were economically active last year, of whom 5.7 million or 80.6% were employed and 1.4 million or 19.4% were unemployed. 

Economy

Iran economy news, Get the latest news about Iran economy, trade, growth prediction, agriculture, transport, aviation, infrastructural developments and investment opportunities.

  • Without Waivers, US Sanctions on Iran Will Cripple Iraq
    09/23/2018
    Iraqi officials, struggling to form a new government months after the May parliamentary elections, now...
  • Seven Deputy Industries Ministers Resign
    09/23/2018
    Seven deputy industries, mining and trade ministers have offered their resignation in a show of support for the so-called “law banning the reemployment of retired public employees”, which includes...
  • Liquidity Trend Bodes Ill for Bank Lending
    09/23/2018
    A look at the balance sheets of Iranian banks and credit institutions shows that their capacity to create money and allocate credit has been significantly influenced by the current state of...
  • Trade With Indonesia Rises 32%
    09/23/2018
    Iran traded 839,348 tons of non-oil commodities worth $355.73 million with Indonesia during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 12.96% and 32.92%...
  • Tehran to Host ‘IINEX 2018’  in October
    09/23/2018
    The 18th International Industry Exhibition, also known as IINEX 2018, is scheduled to open at Tehran International Fairground on Oct. 13, according to the event’s official website at Idro-sanat.com...
  • Cement Production Tops 24m Tons in 5 Months
    09/23/2018
    Iran produced 24.08 million tons of cement during the first five months of the current fiscal year (March 21-Aug. 22). “This registers an increase of over 244,000 tons compared with last year’s...
  • The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
    09/23/2018
    Since the beginning of the fiscal 2018-19, the Iranian rial has, as economists say, “gone through...  
  • Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
    09/23/2018
    South Korea’s new ambassador to Iran, Yu Chang Hwang, said Korean companies will...  
  • Watermelon Exports  Exceed $100m
    09/23/2018
    Iran exported 569,974 tons of watermelon worth $106.42 million during the first five months of the current fiscal year (March 21-Aug. 22), latest data released by the Islamic Republic of Iran...
  • Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
    09/23/2018
    Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds...
  • Stocks Return From Holidays With Strong Gains
    09/23/2018
    Tehran Stock Exchange’s main index gained 3,209.53 points or 2.04% on Saturday to end trading at 160,538.2. About 4.62 billion shares valued at $118.10 million changed hands at TSE for the day....
  • UK Firm: Progress Made With Iran Airport Contract
    09/23/2018
    UK-based security solutions supplier Westminster Group said it had made significant progress with...
  • Support for  Forex Measures
    09/23/2018
    The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the...
  • Graduate Unemployment at 19.4%
    09/23/2018
    The average unemployment rate for university graduates stood at 19.4% in the last fiscal year (March 2017-18), registering a decline of 0.6% compared with the year before, according to a new report...
  • CBI: Currency Inflow Growing Steadily
    09/23/2018
    Governor of the Central Bank of Iran said on Saturday that since his bank allowed the import of hard currency by money exchange houses and other legal and natural persons, the inflow has been...
  • Home Loans Surge by 19%
    09/23/2018
    Latest figures disclosed by Bank Maskan, the agent bank of Iran’s housing sector, indicate that the lender has upped the volume of its loans, as the housing market, especially the one in the...
  • Another Car Price  Hike in the Offing
    09/23/2018
    Market observers are anticipating a new round of car price jumps in the coming days as the auto market adjusts to the most recent increase in the USD rate against the rial currency. The USD rate...
  • Uber in Talks to Buy Food-Delivery Company
    09/23/2018
    Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion...
  • Iran-EU Trade Tops €12b
    09/23/2018
    Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar...
  • Gov’t Buys 4% More Fresh Tea Leaves
    09/22/2018
    Around 101,000 tons of fresh tea leaves worth 2.01 trillion rials ($17.1 million) have been purchased from local farmers since the beginning of the current Iranian year on March 21, registering a 4...
  • Arrest Over Afghan Forex Smuggling
    09/22/2018
    A man has been arrested for smuggling $38,000 from Afghanistan to Iran, an Afghan official said on Tuesday. The cash was being carried to the neighboring country in a cement truck, said Jelani...
  • Tehran’s Ice Cream, Fruit Juice Sales Decline
    09/22/2018
    The first half of the year is the high season for ice cream and fruit juice shops, which witnesses high sales. “However, sales during the first six months of the current year (March 21-Sept. 22)...
  • Renovation of Mehrabad Airport Terminals by March 2020
    09/22/2018
    Renovation of terminals 1 and 2 of Tehran’s Mehrabad International Airport is expected to become complete by the end of the next fiscal year in March 2020. Mohammad Reza Zahmatkeshan, an official...
  • Chocolate Imports at $1.11m in  Four Months
    09/22/2018
    More than 296 tons of chocolate worth $1.11 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), data released by the Islamic Republic of...
  • IRICA: Gold, Forex Imports Not Smuggling
    09/22/2018
    The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices across the...

Pages

Trending

Googleplus