Press TV

Iran’s four-month tax revenues post 50% YOY surge

Iran’s tax revenues reached the equivalent of $4.5 billion in the four months to July 22, an increase of 50% compared to the same period last year, according to figures by the Iranian National Tax Administration (IRICA).

Macro Economy

Official report puts Iran’s annual inflation at 47.1% in July

Figures by the Statistical Center of Iran (SCI) show inflation rate in the country reached 47.1% in the year to late July, down 1% from the same figure reported for the year to late June.

Macro Economy

Iran’s oil revenues up 67% to $42.6 billion in 2022: OPEC

Figures by the Organization of Petroleum Exporting Countries (OPEC) show that Iranian oil export revenues rose by 67% last year despite continued pressure of American sanctions on the country.

Energy

Iran lifts curbs on car imports to control prices

Iran’s top legislative body has approved a parliament law that allows unlimited imports of brand-new and second-hand cars into the country amid efforts by the government to contain rampant prices of the domestically-produced cars.

Mine and Industry

Official puts Iran’s annual tourism revenues at $6.2 billion

An Iranian deputy minister of tourism says Iran’s annual tourism revenues have reached $6.2 billion, adding that tourism is becoming a major source of earning hard currency for the country.

Iran Economy

IMF expects Iran’s inflation to ease in 2024

A report by the International Monetary Fund (IMF) expects that the soaring inflation rates in Iran would fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices around the world.

Macro Economy

Iran, Russia sign contract to start railway project

Iran and Russia have signed a contract that details the road ahead for construction of a key railway in Iran as part of the International North–South Transport Corridor (INSTC).

Transportation

Iran gains full Shanghai Cooperation Organization membership

The Shanghai Cooperation Organization (SCO) has officially approved Iran’s full-fledged membership in the world’s largest regional organization in terms of geographic scope and population.

Trade

Iranian steelmakers produce 3.3 million mt of products in May

Iran continued to churn out more steel in May despite a decline in the global steel output as the country moved up three places to seventh in the global ranking of large steel producers, according to figures by the World Steel Association (worldsteel).

Mine and Industry

Iran-Turkey annual trade up 19% to $12.7 billion

Iran and Turkey experienced a major rise in their bilateral trade over the calendar year to March 20 as shipments rose in value terms despite a fall in volume, according to an analysis of trade figures from the Iranian customs office (IRICA).

Trade