Domestic Economy

Iran’s shoe industry thriving with ban on imports

Iran’s shoe industry has grown rapidly in the past three years as manufacturers eye to capture a major share of the export markets in neighboring countries.

Mine and Industry

Iranian economy has to return to pre-sanctions levels next year: Minister

Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said on Sunday that the country’s economy has to go back to levels before the imposition of US unilateral sanctions in 2018.

Iran Chamber

Iran’s new chief banker pledges tight monetary policy

Iran’s newly appointed chief banker Ali Salehabadi has vowed he would introduce a tight monetary policy to control inflation in the country.

Financial Markets

Iran industry minister stresses exports of science-based products

Iran’s Minister of Industry, Mine, and Trade Reza Fatemi Amin said on Saturday that Iran has to focus on exports of commodities that are exported by fewer countries, noting that the country need to enter the field of exports of science-based products.

Macro Economy

Iran’s five-month home appliance output up 8.7%

Figures by Iran’s ministry of industries (MIMT) shows home appliances production in the country kept growing at a robust rate in the first five months of the current calendar year to reach over 2.61 million units.

Mine and Industry

Iran’s barley production declines due to low precipitation

Rain-fed barley farms have suffered 30-40% of losses due to low precipitation levels and water shortage across the country, says the director general of Grains and Essential Goods Production Bureau with the Agriculture Ministry, expecting production to decline this year.

Agriculture and Environment

Iran’s economy grows in three months to June 22

Iran has posted positive economic growth in the first quarter of the fiscal year (March 21 – June 22), according to separate reports by two sources.

Macro Economy

Iran Chamber of Commerce picks top five provinces for accelerating businesses

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has selected five leading Iranian provinces for their performance in improvement of business environment in the first quarter of the current fiscal year (March 21-June 22).

Iran Chamber

Report says Iran’s GDP rose by 43.7% last year

Figures by the Central Bank of Iran (CBI) show that the country’s gross domestic product (GDP) increased by nearly a half in the calendar year to March this year.

Macro Economy

Neighbors top priority in economic ties: Key presidential candidate

Presidential candidate Seyyed Ebrahim Raeisi says he will work, if elected, to promote the country’s economic relations with its neighbors first, and the rest of the world community next, as part of the measures on his agenda to tackle the people’s economic problems.

Society Economy