The International Monetary Fund (IMF) has reassessed Iran’s economic outlook, improving its forecasts for both inflation and economic growth compared to previous reports.
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.
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.
A latest ranking published by the International Monetary Fund (IMF) has confirmed Iran’s reports of improvement in its jobless rate.
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.
Iranian Parliament, known as Majlis, is scheduled to begin reviewing the qualifications of President Masoud Pezeshkian’s picks for cabinet ministries on Saturday.
Afghanistan has welcomed an Iranian offer for making investments in that country.
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.
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.
The latest monthly report by the World Steel Association (WSA) indicates that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year.