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Financial Tribune

Iran red COVID cities down to zero

The Health Ministry in its latest update released on Friday said that the number of cities on red Covid-19 alert had dropped from two to zero over the past week as the spread of the virus slowed across the country.

Society Economy

Tehran home prices continue to grow

Report suggests that Tehran home prices have grown by 16.9% in the first month of the fiscal year compared to figures from the preceding year’s the same month.

Macro Economy

IMF: Iran’s unemployment rate to exceed 10% in 2022-23

The International Monetary Fund expects the unemployment rate in Iran to exceed 10% in 2022 and the following year.

Macro Economy

Iran daily COVID deaths drop to 26-month low

Overnight mortalities related to the highly contagious coronavirus declined sharply to 13 on Sunday, the lowest toll in over two years as high vaccination coverage protected the population of 85 million Iranians from relaxed measures.

Society Economy

Iran plans for a second booster COVID vaccination

Health Minister Bahram Einollahi announced on Monday evening that Iran will most likely begin rolling out fourth Covid-19 shots for adults in September and October.

Society Economy

Iran Air to launch more flights to Kuwait

Iran’s flag carrier airline, Iran Air, will increase the number of flights from Isfahan and Shiraz airports to Kuwait International Airport as of April 17.

Transportation

Iran puts 55 cities on red COVID alert

Over the past week, the number of cities on coronavirus red alert surged by 21 to 55, according to the Health Ministry, following nationwide school and university reopenings as well as widespread travel and social gatherings during the recent Norouz holidays.

Society Economy

Iran’s two-month trade with US grows by 39%

Iran’s trade with the US reached $7.1 million in the first two months of 2022 to register a 39.22% growth compared with the year before.

Trade

Iran private sector to boost renewable power generation

Renewable power stations with a total capacity of 900 megawatts will come on stream by 2025, Ghadir Energy Investment Company, a member of the Power Generation Companies Syndicate, said.

Energy

Iran is launching crypto-rial

The Central Bank of Iran has informed banks and credit institutions about regulations related to the crypto-rial, as a central bank digital currency (CBDC).

Financial Markets

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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