Financial Tribune

Iran’s nuts, dried fruit exports at $212 million in 2 months

Nuts and dried fruit exports reached 96,000 tons worth $212 million in the first two months of the current fiscal year (March 21-May 21), registering a 25% and 36% in weight and value respectively.

Agriculture and Environment

Iran considers setting up international bourse in Kish island

The plan to set up an international bourse in the free economic zones is again under discussion after being put on the back burner.

Financial Markets

Intermediate goods account for lion’s share of Iran imports

From the total trade volume in the first two fiscal months (March 21-May 21) of fiscal 2021-22, 70.9% belonged to intermediate goods, 15.2% to consumer goods and 13.8% to capital goods, according to Director General of Trade Promotion Organization of Iran Hamid Zadboom.

Trade

Iran’s PMI of overall economy rebounds

The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy settled at 53.84 in the month ending May 21 from 39.65 in the month ending April 20, indicating a growth of 14.19 points or 35.79%.

Macro Economy

Coronavirus loan payments to businesses exceed $390 million

Seventy-five percent of businesses that applied for the government’s relief package for enterprises hurt by the coronavirus have received their loans, Hossein Mahmoudi, an official with the Ministry of Cooperatives, Labor and Social Welfare, said on Saturday.

Society Economy

Iran to import 120,000 tons of chicken

Iranian government has decided to import 120,000 tons of chicken at the exchange rate of 42,000 rials per dollar.

Society Economy

Loading, unloading at Iran’s Shahid Rajaee port up 11% yoy

Container loading and unloading in Shahid Rajaee Port in southern Iran stood at 267,702 TEUs during the first two months of the current Iranian year (March 21-April 20), showing an 11% rise compared with the similar period of last year.

Transportation

Iran expects 500,000 daily vaccinations soon

Iran’s Health Minister Saeed Namaki on Monday evening said Iran will be able to administer half a million vaccine shots a day in the near future.

Society Economy

Iran’s annual dairy exports hit $390 million

Iran exported 443,890 tons of dairy products worth $390 million in the last fiscal year (March 2020-21).

Trade

Iran, US trade continues downtrend

Iran’s commercial transactions with the US stood at $9.7 million during the first three months of 2021 to register a 37.42% decline compared with the corresponding period of 2020.

Trade