Financial Tribune

Iran trade with Africa surpasses $1.4 billion

Trade between Iran and African countries reached 2.65 million tons worth $1.41 billion during the first eight months of the current Iranian year (March 21-Nov. 21).

Trade

Iran to increase tax revenues by 50% in new fiscal budget plan

A significant part of the 50% rise in tax income owes to high inflation, which is expected to remain above 40%.

Macro Economy

Iran, Eurasian Economic Union to sign FTA on January 18

Iran and the Eurasian Economic Union (EAEU) will sign a free trade agreement on Jan. 18, 2023, the spokesman of the Ministry of Industries, Mining and Trade announced on Sunday.

Trade

Official warns against new Covid wave in Iran

Iran is on the lookout for a fresh wave of Covid-19 pandemic as the head of the Health Ministry’s Center for Infectious Disease Control, Shahnam Arshi, warned that another surge was likely.

Society Economy

Iran, ECO states trade $11 billion worth of goods in eight months

Trade turnover between Iran and the Economic Cooperation Organization’s member states reached 14.64 million tons worth $11.2 billion during the current Iranian year’s first eight months (March 21-Nov. 21).

Trade

Official report puts Iran’s inflation at 45%

The average annualized inflation in the ninth month of the current Iranian year (Nov. 22-Dec. 21) stood at 45%, the Statistical Center of Iran announced in a new report released on Thursday.

Macro Economy

Central Bank puts Iran’s H1 economic growth at 3%

Iran’s economy grew by 3% in the first half of the current Iranian year (March 21-Sept. 22) compared with the similar period of last year, the Central Bank of Iran said in a report released on Dec. 22.

Macro Economy

IRISL orders 200 cargo wagons from local manufacturers

The Islamic Republic of Iran Shipping Line Group (IRISL Group) has ordered 200 cargo wagons from domestic manufacturers to speed up its transport services.

Transportation

Iran’s eight-month trade with Persian Gulf states tops $20 billion

Iran traded 33.2 million tons of goods (excluding crude oil exports) worth $20.22 billion with the Persian Gulf littoral states during the first eight months of the current fiscal year (March 21-Nov. 21).

Trade

Iran imports 1.3 million tons of rice in eight months

Around 1.3 million tons of rice were imported into Iran during the first eight months of the current Iranian year (March 21-Nov. 21), according to the head of Rice Importers Association.

Trade