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Financial Tribune

Iran’s trade with Turkey rises 75% in 11 months

Iran and Turkey registered $4.29 billion in trade from the beginning of 2021 to the end of November to register a 75.95% growth compared with last year’s corresponding period.

Trade

Iran’s GDP growth hit 4.2% in second quarter

The Statistical Center of Iran says GDP grew by 4.2% in the second quarter of the current fiscal year (June 22-Sept. 22).

Macro Economy

Iran’s Q1-3 tax earnings surge by 60%

The Iranian National Tax Administration’s earnings grew by 60% in the three quarters of the current fiscal year (March 21-Dec. 21) compared to the corresponding period of last fiscal year, says the deputy head of INTA.

Macro Economy

Iran’s food, beverages posts 58% annual inflation

The average goods and services Consumer Price Index of “food and beverages” in the 12-month period ending Dec. 21 increased by 58.3% compared with last year’s corresponding period — the highest price rise among 12 groups of goods and services reviewed by the Statistical Center of Iran on a monthly basis.

Macro Economy

Iran’s 11-month transactions with China top $13 billion

Iran’s commercial exchanges with its leading trade partner, China, reached $13.13 billion from January 2021 till the end of November, registering a 3% decline compared with the corresponding period of 2020.

Trade

Private sector unveils Iran’s 1st electric bus

The production line of the first electric bus, which uses 70% of domestic components and is totally designed and produced by Iranian experts, has come on stream.

Mine and Industry

Iran’s exports to EAEU to be exempt from customs duties

Iranian exports to the Eurasian Economic Union member states will be exempt from customs tariffs as of September 2022, says the managing director of Iran-EEU Export Consortium Center.

Trade

Iran’s red meat production surges after removal of livestock export ban

A total of 52,800 tons of red meat were produced in Iran’s official slaughterhouses during the month ending Nov. 21 to register a 47% rise compared with the similar month of last year and a 5% month-on-month increase.

Agriculture and Environment

Iraq’s electricity generation falls over decline in Iranian gas export

Due to the reduction of Iran’s gas exports to Iraq from 52 million cubic meters per day to 8 mcm/d in recent months, the neighboring country’s electricity generation has decreased by 3,400 megawatts, a member of the board of the Iran-Iraq Chamber of Commerce said.

Energy

Iran’s first PV cell, panel production firm operational

Iran’s first photovoltaic cell and panel manufacturing company in Khomein County, Markazi Province, became operational with the help of the private sector, managing director of Mana Energy Pak Company said.

Energy

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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