• 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.

  • US Pressuring German Firms ‘Daily’ Over Iran Sanctions
    09/22/2018
    Washington’s ambassador in Berlin has been pressuring German firms “daily” to comply with American...
  • Digikala Enlists Pay-Per-Sale Strategy
    09/22/2018
    Iran's leading e-commerce service Digikala has launched an affiliate marketing platform as a strategy to expand its market reach and fortify its presence, following extensive lay-offs that proved...
  • Copper Concentrate Output Sees 12% Growth
    09/22/2018
    Major Iranian copper producers produced 488,859 tons of copper concentrate during the first five months of the current fiscal year (March 21-Aug. 22), which indicates a 12% growth compared with...
  • ESCO Produces UIC60 Rails for First Time
    09/22/2018
    Esfahan Steel Company has produced 1,000 tons of UIC60 rails based on the latest international standards, the manager of the Rolling Engineering Department of ESCO said. “We were totally reliant on...
  • 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...
  • India in Touch With All Stakeholders on Iran Sanctions
    09/22/2018
    Following fresh US sanctions on Iran over its nuclear program that puts the strategic Chabahar Port...
  • Google Defends Gmail Data Privacy Policy
    09/22/2018
    Alphabet Inc’s Google gave details about its policies for third-party Gmail add-ons but stopped...
  • SCI Puts Q1 Growth at 1.7%
    09/22/2018
    Iran's economy grew 1.7% during the first quarter of the current fiscal year (March 21-June 21) compared with last year's corresponding period, the Statistical Center of Iran said it its latest...
  • Trade With Oman Rises 126%
    09/22/2018
    Iran traded 1.36 million tons of non-oil commodities worth $659.80 million with Oman during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 53.71% and 126.6%...
  • 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)...
  • Blocked Iranian Travel Agencies Get Back Online
    09/22/2018
    Some 180 online hospitality agencies whose websites were blocked due to a judicial order are back online after the ICT Ministry censured the blockade as heavy-handed and wrong. Last week,...
  • 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...
  • 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...
  • Causes of Internal Migration
    09/22/2018
    Looking for a job and finding better employment were the main reasons behind internal migration in Iran in the last Iranian year (ended March 20, 2018) after “following family’s decision”. The...
  • 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...
  • Tesla Hits New Speed Bump
    09/18/2018
    Tesla Inc’s Chief Executive Officer Elon Musk on Sunday acknowledged that the electric...
  • Departure Tax Revenues  Up 117 Percent
    09/18/2018
    Iranian government earned 3 trillion rials ($24 million) from departure tax in the first four months of the current year (March 21-July 22).  The figure indicates a rise of 177.2% compared with the...
  • 3 CBI Officials  to Leave
    09/18/2018
    Following the recent passage of the law banning the employment of retired people in state bodies, three deputies at the Central Bank of Iran are set to leave. According to Boursepress.com, these...
  • Oil Remains Biggest Contributor to Iran’s Economic Growth
    09/18/2018
    A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of...
  • Disaster Assistance for Farmers
    09/18/2018
    Farmers who have incurred losses from natural disasters during the Sept. 2017-18 harvest season will enjoy a three-year break in paying back their loans to banks. The Central Bank of Iran ratified...
  • Iran’s Shadow Economy in the Spotlight
    09/18/2018
    According to IMF’s latest report on “Shadow Economies Around the World: What Did We Learn...
  • Mineral Trade Surplus Hits $2.9b
    09/18/2018
    Iran exported more than 25.47 million tons of mineral products worth over $4.41 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 9.2% in tonnage and up 12%...
  • TEDPIX Ends Mon. Trade Higher
    09/18/2018
    Tehran Stock Exchange’s main index gained 2,361.71 points or 1.52% on Monday to end trading at 158,071.9. About 4.65 billion shares valued at $95.30 million changed hands at TSE for the day....
  • BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
    09/18/2018
    Changing notions of what customers want from cars have pushed automakers to do plenty of weird things.
  • Oil & Gas Sector Most Conducive for Business
    09/18/2018
    The research arm of Iran’s Parliament has conducted a first-of-its-kind domestic investment security study, finding among other things that businesspeople active in the crude oil and natural gas...

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