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IRNA

Iran’s jobless rate declines 0.5% YOY to 7.7%: Official report

The latest figures by the Statistical Center of Iran (SCI) puts the country’s jobless rate at 7.7% in three calendar months months to late June.

Macro Economy

Iran, Russia sign monetary contract

Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin has said that a monetary contract has been signed between Tehran and Moscow for carrying out bilateral trade exchanges.

Financial Markets

Iran becomes 4th largest oil exporter in OPEC: Report

Iran has risen to become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales.

Energy

Turkey importing Iranian oil after four years

A report by the statistical office of the European Union (Eurostat) suggests that Turkey has imported oil from Iran for the first time in four years.

Energy

Iran’s domestic wheat purchase at over 5.6 million tons since April

Iran has purchased some 5.6 million tons of wheat worth over $1.647 billion from domestic producers since April in carrying out a national plan which guarantees the purchase of domestic production of the crop, according to a senior official with the Ministry of Agricultural Jihad (MAJ).

Agriculture and Environment

Russia sends first coal cargo to India via Iranian railway

Russia has for the first time sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to a statement by Russia’s national railway company.

Transportation

FAO expects Iran’s grain output to further increase in 2024

The United Nations Food and Agriculture Organization (FAO) has forecasted a further increase in Iran’s grain output this year amid efforts by the government in the country to rely more on domestic farming rather than imports for basic needs of the country.

Agriculture and Environment

Iran, Russia, Azerbaijan inaugurate Rasht-Caspian railway

Iran, Russia and Azerbaijan have inaugurated a major railroad project in the northern Iranian province of Gilan, which is part of the International North-South Transport Corridor (INSTC) and reportedly connects the Persian Gulf to the Caspian Sea via rail.

Transportation

Iran Central Bank looking into piloting digital currency

The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking network in the country.

Financial Markets

Iran’s domestic wheat purchase at over $1.3bn since April

Iran has purchased some 4.4 million tons of wheat at the worth of over $1.3 billion from domestic producers since April in carrying out a national plan which guarantees the purchase of domestic production of the crop.

Agriculture and Environment

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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