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Press TV

China responsible for $65-70bn of Iran’s foreign trade: Businessman

China accounts for $65-70 billion worth of Iran’s foreign trade each year, according to a senior Iranian businessman who says that China’s oil purchases from Iran have reached record levels.

Trade

Iran lifts curbs on rice imports to ease domestic prices

The Iranian government has lifted its curbs on rice imports amid efforts to quell domestic prices of the staple grain.

Agriculture and Environment

Iran’s tax revenues up 51.7% in year to March

Iran’s tax revenues rose by more than half in the calendar year to late March amid efforts by the government to diversify the economy and reduce its dependence on oil exports.

Macro Economy

Iran moves up to 9th in global ranking of steel producers

Iran’s steel production outpaced Brazil’s in May as the country moved up to 9th in the ranking of the world’s largest steel producers, according to figures by the World Steel Association (worldsteel).

Mine and Industry

Iran’s trade deficit expanding since 2021: Report

A report by the Iranian parliament shows that the country has seen its trade deficit widen since 2021 due to issues like international inflation, the declining value of Iran’s export commodities, fluctuations in currency prices, and too much focus on major trade partners.

Trade

Iran reports further rise in annual inflation rate in May

Iran has reported a further rise in its annual inflation rate in May despite the government’s efforts to control the prices.

Macro Economy

Iran spends more than $4.5 billion on subsidized imports in 45 days

Figures by the Central Bank of Iran (CBI) show the lender has allocated more than $4.5 billion in subsidized currency to imports of goods and equipment into the country since the start of the calendar year on March 21.

Iran Economy

Iran’s steel output hits 3.3 million mt in March: Worldsteel

Iran ramped up its steel output in March to become the world’s seventh largest producer, according to figures released by the World Steel Association (worldsteel).

Mine and Industry

Official report puts Iran’s annual inflation at 33.2%

The Iranian government’s statistics agency has reported a slight increase in the country’s annual inflation rate in April.

Macro Economy

Iran starts issuing debit cards for foreign visitors

Iranian banks have been allowed to issue debit cards for foreigners visiting the country amid efforts to boost tourism.

Iran Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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