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Press TV

Iran pistachio exports down 33% in fiscal 2021-22

Iranian customs office (IRICA) figures show pistachio exports from the country declined by nearly a third in the calendar year to March 20.

Agriculture and Environment

30% of Iran’s last year total exports sent to China

The Iranian customs office (IRICA) says China bought nearly 30% of all Iranian exports in the year to late March as the East Asian country continued to defy US pressure and deepened its trade ties with the Islamic Republic.

Trade

Iran temporarily closes main border crossing with Afghanistan

Iran has temporarily closed its main border crossing with Afghanistan over what authorities described as Afghanistan’s uncoordinated move to build a road along the frontier.

Transportation

IMF forecasts Iran economy to grow by 3% in 2022

The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.

Macro Economy

Iran imposes 18% tariff on exports of raw steel, cement

Iran’s ministry of trade (MIMT) has imposed a tariff of 18% on exports of raw steel, cement and some key metals to prevent supply shortages and price rises that could cause problems for local industries.

Mine and Industry

Iran’s annual inflation at 40.2% in late March: SCI

The Statistical Center of Iran (SCI) has reported an annual inflation rate of 40.2% for the calendar year to March 20, a decline of 3.8% against the year to March 2021.

Macro Economy

Iran’s largest crude producer increases output by 600,000 bpd

The National Iranian South Oil Company (NISOC), which is the largest oil and gas company in the country in terms of output, says it has increased its production by nearly 600,000 barrels per day (bpd) compared to figures recorded in August.

Energy

Iran to unveil first budget car in early 2023

Iran will unveil a first home-made budget car in early 2023, says a senior government official, amid plans to boost the quality of cars produced inside the country and to make them more affordable for the public.

Mine and Industry

Russia, Iran hold business forum in Moscow to expand ties

Russia has hosted a business forum attended by a large Iranian delegation as the two countries seek to expand their trade and economic cooperation.

Trade

Iran to generate 58 GW of electricity to meet demand in peak summer days

Iranian Energy Minister Ali Akbar Mehrabian says the country has plans to add some 6 gigawatts (GW) of electricity to the power generation capacity so that it will be able to meet demand in summer peak days.

Energy

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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