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Financial Tribune

Iran-Turkey trade booming as COVID curbs ease

Iran and Turkey traded $432.58 million worth of goods in January 2022 to register a 52.51% rise compared with January 2021.

Trade

Iran records highest daily COVID deaths since October

The Health Ministry registered 191 mortalities from the Covid-19 outbreak on Saturday, the highest daily toll since late October, as officials extended restrictions for another week to curb transmissions.

Society Economy

Iran’s 10-month cement exports hit 3.4 million tons

Atotal of 3.4 million tons of cement and 7 million tons of clinker were exported from Iran during the current Iranian year’s first 10 months (March 21, 2021-Jan. 20), according to the secretary of Iran Cement Association.

Mine and Industry

Iran’s frozen funds in Iraq to be used for imports of food, medicine

The Ministry of Industry, Mine and Trade said Iran’s funds held in Iraq will be used for purchasing food and medicine.

Macro Economy

Iran boosts imports from Iraq

Iran has dramatically increased imports from Iraq as it is seeking to balance trade with the western neighbor.

Trade

Iranian cities on red COVID alert jump to 247

Health Ministry’s latest update to Iran’s map of COVID-19 cases raised the number of cities on red alert by 105% from last week’s 120 to 247 amid the relentless spread of the Omicron variant of coronavirus.

Society Economy

Iran extends COVID vaccine eligibility to children over five

Iran on Wednesday began rolling out COVID-19 jabs for kids over the age of five as part of the second phase of a plan to immunize children against the pandemic.

Society Economy

Iran’s mining industry exports soar by 90% YOY

Iran’s mining industry exported a total of 42.21 million tons of products worth $9.49 billion in the current fiscal year’s first nine months (March 21-Dec. 21) to register a 9.5% and 90.8% year-on-year rise in weight and value respectively, a new report released by the Iranian Mines and Mining Industries Development and Renovation Organization shows.

Mine and Industry

Iran’s industrial chicken farms’ PPI hit 69% YOY

The average Producer Price Index for industrial chicken farms in the four quarters ending Dec. 21, which marks the end of Q3 fiscal 2021-22, increased by 69% compared with the similar period of the year before.

Agriculture and Environment

Iran’s nine-month trade with Kazakhstan tops $170 million

Bilateral trade with Kazakhstan stood at 477,900 tons worth $170.5 million during the current Iranian year’s first nine months (March 21-Dec. 21, 2021), registering an 11.7% increase in weight but a 17% decline in value year-on-year, according to the head of Iran-Kazakhstan Chamber of Commerce.

Trade

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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