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Financial Tribune

Iran receives first batch of Covid vaccines for children

The Iranian Red Crescent Society on Sunday imported its first shipment of Covid vaccines for children between the ages of three to 17 as the country prepares for large-scale school reopenings.

Society Economy

Official attributes decline in Iran’s colza production to low precipitation

Low precipitation and water shortage have caused Iran’s colza production to decline slightly in the current crop year (September 2020-21), according to the director of Agriculture Ministry’s National Oilseed Project.

Agriculture and Environment

Iran’s barley production declines due to low precipitation

Rain-fed barley farms have suffered 30-40% of losses due to low precipitation levels and water shortage across the country, says the director general of Grains and Essential Goods Production Bureau with the Agriculture Ministry, expecting production to decline this year.

Agriculture and Environment

Iran’s trade with European Union tops €2.5 billion

Iran and the 27 members of the European Union traded a total of €2.58 billion worth of goods during the first seven months of 2021 (January-July), to register a 2.61% decline compared with the previous year’s corresponding period.

Trade

Iran’s trade with Eurasian Economic Union nearly doubles

Iran’s trade with the Eurasian Economic Union in the first five months of the current fiscal year (March 21-Aug. 22) nearly doubled compared with the corresponding period of last year.

Trade

NIOC eyes $145 billion foreign, domestic investments in 4 years

The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years.

Energy

Iran grants new loans to export companies

Iran’s Trade Promotion Organization has instructed banks to lend 40 trillion rials ($148 million) in working capital loans to exporters.

Trade

Iran’s five-month transactions with Muslim countries tops $17 billion

Iran’s trade with Muslim countries stood at 34.5 million tons worth $17.1 billion during the first five months of the current fiscal year (March 21-Aug. 22), according to the spokesperson of the Islamic Republic of Iran Customs Administration.

Trade

Iran rice production estimated to decline by 13% due to drought

Atotal of 2.2 million tons of rice are estimated to be produced in Iran during the current Iranian year (March 2021-22) to register a 13% decline compared with last year, according to the director general of Grains and Essential Goods Department of Agriculture Ministry.

Agriculture and Environment

Iran pays $30b in energy subsidies in 2020 to rank first globally

Iran remained the single largest provider of energy subsidies across the globe in 2020.

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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