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Press TV

Iran’s Q1 economic growth at 3.8%

Figures by the Statistical Center of Iran (SCI) show the country’s economy grew by 3.8% in the first quarter of the calendar year that started late March.

Macro Economy

Supreme Leader communicates general policies of Iran’s 7th development plan

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has issued a series of directives that outline the key principles of a five-year plan for economic, social and cultural development in Iran.

Macro Economy

Russia says Iran will sign SCO obligations document next week

Iran is to sign a binding document next week that will put the country on a direct path to join the Shanghai Cooperation Organization (SCO), a powerful bloc of countries that include Russia and China, according to a Russian official.

Trade

Iran, Russia prepare to sign tourism cooperation deal

Iran and Russia have agreed to discuss a deal that will facilitate tourism cooperation between the two countries, according to a senior official in the Iranian tourism ministry (MCTH).

Society Economy

Iran’s steel output in July up 34.1% YOY

Iran’s crude steel production in July rose 34.1% from a year earlier to 2 million metric tons (mt), World Steel Association data shows.

Mine and Industry

Iran agrees to supply Nigeria with CNG services

Companies from Iran will supply some $2.5 billion worth of services related to natural gas for vehicles (NGV) business to Nigeria as part of recent agreement between the two countries, an industry source has revealed.

Energy

Iran cuts monthly gasoline quotas to fight smuggling

Iranian Oil Ministry’s fuel department (NIORDC) has slashed monthly gasoline quotas given to motorists in the country as it struggles to prevent fuel smuggling across the borders.

Energy

Iran exports $9 billion worth of petrochemicals in five months

Figures by the Iranian customs office (IRICA) show that sales of petrochemical products reached over $9.14 billion in the five months to late August.

Trade

Iran allows €1bn worth of car imports after four-year ban

The Iranian government has finally authorized a law allowing the imports of finished cars more than four years after the country imposed a ban on such imports to protect local car manufacturers and to cut back on hard currency spending.

Trade

Iran creates nearly 1 million jobs in a year

Iran’s labor ministry says nearly one million jobs have been created in the country in the year to late August despite economic problems facing the country because of foreign sanctions.

Macro 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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