Iran and Indonesia have signed a preferential trade agreement (PTA) that will allow the two Muslim countries to reduce tariffs on exports and imports of certain goods and products.
Iran has set a target to reach an average economic growth rate of 8% between 2023 and 2028 as part of a new vision plan unveiled by the government.
Figures by the Statistical Center of Iran (SCI) show the country’s annual inflation rate rose by 1.8% to 47.6% in the calendar month to late April.
Iran expects a major surge in demand for electricity this summer amid efforts to control rising consumption in the country’s household and manufacturing sectors.
Iran’s finance minister meets with his Saudi counterpart in the kingdom’s port city of Jeddah in the first such development to follow the conclusion of a détente between the countries under China’s auspices.
Iran’s annual inflation rate rose by 1.7% to 45.8% in the calendar month to March 20, according to figures by the Statistical Center of Iran (SCI).
A high-ranking trade delegation from Saudi Arabia will visit Iran in the upcoming days to tour a major economic exhibition in the country, according to a senior Iranian official, Press TV reported.
Members of the Iranian parliament have dismissed the country’s industry minister because of his failure to control rising prices of manufactured products.
The Central Bank of Iran (CBI) has identified some 12.3 million bank accounts held by individuals and companies in the country as having links to businesses amid its efforts to prevent tax evasion and money laundering.
Central Bank of Iran (CBI) figures show that foreign debt owed by the country dropped by more than a fourth in the 11 months to late February.