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Press TV

Iran to increase IMF assets, aiming to strengthen influence

The Iranian parliament has allowed the government to increase its Special Drawing Rights (SDRs) in the International Monetary Fund (IMF).

Financial Markets

Cargo transit via Iran up 42% in seven months

International cargo transit via the Iranian territory rose significantly in the seven months to late October, according to figures by the country’s customs administration (IRICA).

Transportation

IMF revises up its 2024 economic growth forecast for Iran

The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of US sanctions.

Macro Economy

Iran’s six-month steel output down 10% due to lower electricity supply

Lower electricity supplies to Iranian steel producers caused a major decline in the output in the first half of the calendar year that started in late March, according to figures by the Iranian Steel Producers Association (ISPA).

Mine and Industry

Iran eyes $20 billion annual trade with Indonesia

Iran expects its annual trade with Indonesia to increase significantly with the implementation of a Preferential Trade Agreement (PTA) that was finalized last week with an official announcement of the Iranian Presidency.

Trade

Iran awards first railway infrastructure contract to private investor

Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.

Transportation

Iran reports another drop in jobless rate

Iran has reported a slight fall in its unemployment rate in the quarter to late September as services, manufacturing and agriculture sectors keep performing well in the Iranian labor market.

Macro Economy

Iran, Armenia sign barter trade deal

Iran and Armenia have signed a barter trade deal after opening a large Iranian trade center in the Armenian capital Yerevan.

Trade

Report puts Iran’s annual imports of cooking oil at $4.3 billion

Iran’s imports of cooking oil and oil seeds reached some $4.329 billion in the calendar year to late March, according to a report which shows that the country has a long way to go to become self-sufficient in production of those commodities.

Agriculture and Environment

Iran seeking to enter into payment arrangements with OIC countries

Iran is seeking to set up independent payment systems with Muslim countries to avoid sanctions that hamper regional and international trade.

Financial Markets

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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