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Domestic Economy

Iran’s customs operating round-the-clock despite US-Israeli-imposed war

Iran’s customs offices are operating round-the-clock to ensure uninterrupted trade flows despite ongoing attacks on the country by the US and Israel, a senior business leader said on Sunday, emphasizing that exports and imports remain unaffected.

Iran Economy

Ali Madanizadeh becomes Iran’s new economy minister

Iranian members of parliament gave a vote of confidence to President Masoud Pezeshkian’s pick for minister of economy.

Macro Economy

Industry minister stresses private sector role in tackling economic challenges

Minister of Industry, Mine and Trade, Mohammad Atabak, underscored the government’s commitment to greater cooperation with the private sector on Monday during a meeting with senior officials from Iran’s Chamber of Commerce in Tehran.

Iran Chamber

Iran Chamber vice president urges focus on domestic production, exports to achieve 8% economic growth goal

A senior Iranian private sector leader says that boosting domestic production and expanding exports are critical for achieving the government’s 8% economic growth target under the Seventh Development Plan.

Iran Chamber

Iran reports further rise in annual inflation rate in May

Iran has reported a further rise in its annual inflation rate in May despite the government’s efforts to control the prices.

Macro Economy

Expediency Council approves Palermo bill with conditions

Iran’s move to approve Palermo bill is in line with its effort to be removed from the FATF blacklist as the country seeks to eliminate barriers to foreign trade.

Iran Economy

Removal of four zeros from national currency on agenda

The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.

Financial Markets

Taxes fund 70% of government’s current expenditure

President Masoud Pezeshkian’s government prioritized strengthening fiscal sustainability through increased tax mobilization, with new data revealing that 70% of the state’s current expenditure was funded by tax revenues last year (began on March 20, 2024).

Iran Economy

Iran spends more than $4.5 billion on subsidized imports in 45 days

Figures by the Central Bank of Iran (CBI) show the lender has allocated more than $4.5 billion in subsidized currency to imports of goods and equipment into the country since the start of the calendar year on March 21.

Iran Economy

Official report puts Iran’s annual inflation at 33.2%

The Iranian government’s statistics agency has reported a slight increase in the country’s annual inflation rate in April.

Macro 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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