Press TV

Report puts Iran’s inflation rate at 42.2% in month to late January

The Iranian government has reported a further slight decline in the country’s annual inflation rate in the calendar month to late January.

Macro Economy

World Bank revises up Iran’s 2021 GDP growth rate by 1% to 3.1%

The World Bank has revised up its estimate of economic growth in Iran for 2021 as figures provided in the Bank’s latest report show Iran’s gross domestic product (GDP) rose by 3.1% last year.

Macro Economy

Iran, Syria to set up joint bank, free trade zones: Minister

Iran and Syria have agreed to set up a joint bank and free trade zones amid efforts to boost their economic cooperation, according to Iranian Minister of Road and Urban Development Rostam Qasemi who traveled to Damascus earlier this week.

Trade

Official puts Iran’s nine-month exports to Africa at $912 million

Iran’s shipments to Africa has grown to $912 million over the nine months to December 21, according to an official with the country’s Trade Promotion Organization (TPO).

Trade

Iran’s nine-month pistachio exports down 19% YOY

Figures by Iran’s customs office (IRICA) show that pistachio exports from the country declined by around a fifth in the nine months to December 21.

Agriculture and Environment

Iran’s non-oil exports up 40% in March-December

Figures by the Iranian customs office (IRICA) show that non-oil exports from the country rose by 40% year on year in the nine months to December 21.

Trade

Iran imposes travel ban on neighbors to contain Omicron

Iran has started imposing a two-week travel ban from neighbors as the country struggles to prevent a surge in potential infections related to the Omicron variant of the coronavius.

Society Economy

Iran agrees to tea for oil debt barter with Sri Lanka

Iran has agreed to import tea from Sri Lanka to settle an old debt owed by the country for imports of oil from Iran.

Energy

ITI railway opens in blow to US bid to isolate Iran

The first freight train to run from Pakistan to Turkey through Iran has departed after a 10-year hiatus in a major boost to the trading credentials of the three founders of the Economic Cooperation Organization (ECO).

Transportation

Iran steel exports at nearly 5 million tons in March-November

Iranian steelmakers have managed to sell more shipments to foreign customers this year despite increased American pressure on the country’s trade and banking relations with other countries.

Mine and Industry