Financial Tribune | Iran Chamber Newsroom

India allocates an annual $12.16 million to development of Chabahar Port

India has allocated ₹100 crore ($12.16 million) for Iran’s Chabahar port in the 2023-24 budget presented on Wednesday, signaling the importance of the facility in regional connectivity efforts, Hindustan Times reported.

Transportation

Iran’s Q1-3 trade with OIC states hit $39.7 billion

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports from the country, stood at 61.99 million tons worth $39.72 billion during the first three quarters of the current Iranian year (March 21-Dec. 21, 2022).

Trade

Official report puts Iran’s Q3 employment at 37.7%

The employment rate in Iran was 37.7% (24.07 million) in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), up 0.4% compared with the same quarter of the last year, according to the Statistical Center of Iran.

Macro Economy

Iran’s LPG exports rise 50% YOY

Iran’s liquefied petroleum gas shipments has risen by 50% to reach 310,000 tons per month, largely to Asia, since 2021.

Energy

Iran trades $48.7 billion worth of goods with neighbors in 10 months

Iran traded 81.19 million tons of goods worth $48.74 billion, excluding crude oil exports, with its 15 neighboring countries sharing land or sea borders, in the first ten months of the current calendar year (March 21, 2022 - January 20, 2023).

Trade

Supreme Leader urges support for private sector

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Monday called on executive bodies to support the private sector, saying that making all affairs governmental in the beginning years of the Islamic Revolution [1979] was a major mistake.

Macro Economy