Domestic Economy

Official report puts Iran’s Q3 employment at 37.7%

The employment rate in Iran was 37.7% (24.07 million) in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2022), up 0.4% compared with the same quarter of the last year, according to the Statistical Center of Iran.

Macro Economy

Supreme Leader urges support for private sector

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Monday called on executive bodies to support the private sector, saying that making all affairs governmental in the beginning years of the Islamic Revolution [1979] was a major mistake.

Macro Economy

Iran’s CBI raises interest rates to 23%

Iran has officially raised the cap on interest rates that banks in the country can charge weeks after media reports suggested the government is trying to use the monetary policy instrument to contain the rising inflation.

Macro Economy

Iran Parliament approves outlines of budget bill

An open session of the Iranian Parliament (Majlis) on Sunday approved the outlines of the budget bill of the country for the next fiscal year to start on March 21.

Macro Economy

Official report puts Iran’s annual inflation at 46.3% in January

Latest figures by the Statistical Center of Iran (SCI) show inflation in the country continued to rise in January to reach an annual rate of 46.3%.

Macro Economy

Iran chief banker stresses need for higher interest rates

The governor of the Central Bank of Iran reiterated that increasing interest rates is a compulsion.

Financial Markets

Iran’s tax revenues to rise by 50% next year: Minister

Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said on Monday that the country plans to increase tax revenues by 50% in the fiscal 2023-24.

Macro Economy

World Bank forecasts slowdown for Iranian economy in coming years

In a new report, the World Bank has forecast Iran’s economic growth to slow down in the years to come.

Macro Economy

Iran government submits next year budget bill to parliament

Iranian administrative government has submitted a bill to parliament that outlines details of a state budget for the calendar year 1402 starting in late March.

Macro Economy

Iran reports 6.6% rise in manufacturing activity in H1

Central Bank of Iran (CBI) figures show manufacturing activity in the country rose by 6.6% in the two quarters to late September last year compared to the same period in 2021.

Mine and Industry