IRNA

Joining FATF can facilitate investments in Iran: Gov’t spokesperson

Iranian government spokesperson Fatemeh Mohajerani says joining the Financial Action Task Force (FATF) can facilitate making investments in the Islamic Republic.

Iran Economy

Iran sets official crude oil prices for January 2025

The National Iranian Oil Company (NIOC) announced on Sunday the official selling prices (OSPs) for its crude oil in January 2025. Iranian Light crude oil for the Asian market will be priced at $1.35 per barrel above the Oman/Dubai average, which serves as the regional benchmark.

Energy

Iran’s non-oil exports reach $43.14 billion in nine months

Iran’s non-oil exports reached $43.14 billion in the first nine months of the current Iranian calendar year, marking an 18% increase compared to the same period last year, according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

Trade

Iran not to attend World Expo 2025: Government spokesperson

Iran has officially withdrawn from participating in the World Expo 2025, government spokesperson Fatemeh Mohajerani announced on Saturday.

Iran Economy

Iran eases internet restrictions, unblocks WhatsApp, Google Play

In a meeting of Iran’s Supreme Council of Cyberspace, members reached a consensus to lift access restrictions on widely used foreign platforms, including WhatsApp and Google Play.

Society Economy

Iran’s economy grows 2.9% in H1 fiscal year

Iran’s gross domestic product (GDP) expanded by 2.9% year-on-year in the first half of the current Iranian calendar year (March 20 – September 21), according to a new report from the country’s central bank.

Macro Economy

Iran annual inflation rate eases to 32.5% in December

Iran’s annual inflation rate for the calendar month to late December dropped to 32.5%, marking a 0.6 percentage point decline compared to the previous month, the Statistical Center of Iran (SCI) reported on Sunday.

Macro Economy

Iran’s aluminum ingot output surpasses 400k mt in 8 months

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that Iran’s aluminum ingot production exceeded 400,000 metric tons (mt) from March 20 to November 20, 2024.

Mine and Industry

Iran’s Expediency Council to review FATF issue if submitted: Larijani

Iran’s Expediency Council will consider the country’s potential membership in the Financial Action Task Force (FATF) if the matter is brought before it, said its head, Ayatollah Sadeq Amoli Larijani.

Iran Economy

Iran assumes rotating presidency of OPEC for 2025

Iran’s Oil Minister Mohsen Paknejad was appointed as Rotating President of the Organization of the Petroleum Exporting Countries (OPEC) Conference for 2025 by alphabetical order during a ministerial meeting on Tuesday which was held via videoconference and chaired by Marcel Abeke, the Gabonese petroleum minister and OPEC conference president for 2024.

Energy