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IRNA

Iran’s seven-month foreign trade hits $100 billion

Mohammad Rezvanifar, the head of Iran’s customs administration (IRICA), announced that Iran’s foreign trade has reached nearly $100 billion in the first seven months of the Iranian calendar year (March 20 – October 21, 2024).

Trade

IMF forecasts economic growth, inflation reduction for Iran

The International Monetary Fund (IMF) has reassessed Iran’s economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.

Macro Economy

Iran’s seven-month agricultural exports surge 28%

The value of Iran’s agricultural exports rose by 28% in the first seven months of the current calendar year (March 20 – October 21), reaching $2.2 billion, according to the Islamic Republic of Iran Customs Administration.

Agriculture and Environment

Iran’s imports of basic goods at $7.3bn in H1 calendar year

Iran imported 11.9 million metric tons of essential goods, valued at $7.3 billion, during the first six months of the Iranian calendar year.

Trade

IMF ranking confirms improvement of Iran’s jobless rate

A latest ranking published by the International Monetary Fund (IMF) has confirmed Iran’s reports of improvement in its jobless rate.

Iran Economy

Iran exports construction services to regional countries

Head of Iran’s Trade Promotion Organization (TPO) Mehdi Zeighami has said that the Iranian techno-engineering and construction services have gained a foothold in regional markets.

Mine and Industry

Iran Parliament to discuss qualifications of proposed cabinet as of Saturday

Iranian Parliament, known as Majlis, is scheduled to begin reviewing the qualifications of President Masoud Pezeshkian’s picks for cabinet ministries on Saturday.

Iran Economy

Afghanistan says welcomes Iranian investors in development projects

Afghanistan has welcomed an Iranian offer for making investments in that country.

Macro Economy

Iran’s trade with Africa reaches $1.3 billion

The president of the Iran-Africa Joint Chamber of Commerce has called for strategic planning to enhance Iran’s trade relations with the continent, which currently stands at approximately $1.3 billion.

Trade

Iran’s electricity consumption up 9% amid scorching heat

Iran’s Minister of Energy Ali-Akbar Mehrabian has said that unprecedented heat has caused a 9% rise in the country’s electricity consumption as summer heat has reached record levels.

Society Economy

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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