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Press TV

Minimum wage in Iran rises by 57.4%

Iran has increased minimum wage payable to workers by 57.4% as a government that came to office in August moves ahead with plans to bridge economic gaps for low-paid people in the country.

Society Economy

Iran unveils 1st domestically made all-electric car

An Iranian automotive company has unveiled a first all-electric vehicle (EV) in the country under the commercial name of the Oxygen.

Mine and Industry

Iran lifts ban on meat imports to control domestic prices

The Iranian agriculture ministry (MAJ) has ordered imports of red meat into the country in an attempt to control rising prices in the domestic market.

Agriculture and Environment

Iran’s annual exports to Iraq set to hit record $9 billion

A senior Iranian businessman watching over trade with neighboring Iraq says exports to the Arab country are expected to hit a record target of $9 billion in the calendar year to March 20.

Trade

Iran president calls on domestic automakers to make budget car

Iranian President Ebrahim Raeisi has ordered the launch of at least one home-made budget car model as part of his strategies to reform the domestic car manufacturing sector in Iran.

Mine and Industry

Iran’s non-oil exports expected to hit $55 billion next year

A senior Iranian trade official says the country is expected to meet a non-oil exports revenue target of $55 billion in the calendar year to March 2023.

Trade

Iran, Brazil raise barter trade amid escalation of war in Ukraine

Iran is likely to step up corn imports from Brazil, with a urea cargo about to set off for the South American country next week under a barter arrangement.

Trade

Iraqi chief banker in Iran to discuss debt settlement

A senior banking delegation from Iraq led by the country’s chief banker have held talks with Iranian authorities in Tehran as a report suggest that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multi-billion dollar debt to Iran in the very near future.

Macro Economy

Iran, Brazil agree to barter fertilizer for livestock feed

Iran has signed an agreement with Brazil to barter its fertilizer for livestock feed from the South American country.

Agriculture and Environment

Iran’s aluminum output up by 24% YOY

Iran has reported a significant surge in aluminum output in the current calendar year as the country continues to enjoy higher activity in its metals and mining sector.

Mine and Industry

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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