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Domestic Economy

Iran reports 3.7% economic growth in nine months to late December

Iran’s economy expanded by 3.7% in the three quarters to late December last year compared to the same quarter in 2023, according to figures released by the Central Bank of Iran (CBI).

Macro Economy

Iran raises minimum wage by 45% for next year

Iran’s Supreme Labor Council approved a 45% increase in the country’s minimum wage for the upcoming year during a meeting on Saturday.

Macro Economy

Parliament votes for Thursdays to become Iran’s second weekend day

In a Parliament open session on Wednesday, Iranian lawmakers approved a bill, voting for Thursdays to become the second weekend day of the week besides Fridays.

Iran Economy

Economy minister dismissed by Parliament

In an impeachment session on Sunday, the majority of the Iranian lawmakers voted to unseat the country’s Economy Minister Abdolnasser Hemmati.

Iran Economy

Iran’s tax revenues surge by 51% in current fiscal year

Iran’s tax revenues have increased by approximately 51% compared to the previous year, according to Mohammad Hadi Sobhanian, head of the Iranian National Tax Administration (INTA).

Macro Economy

Iran’s jobless rate improves 0.4% YOY to 7.2%

Iran’s unemployment rate for the third quarter of the country’s calendar year (September 22 – December 21, 2024) has been reported at 7.2%, showing a 0.4% decline compared to that of last year’s corresponding period.

Macro Economy

Iran’s Central Bank pushes for stronger private sector role in global trade

Governor of the Central Bank of Iran (CBI) urges stronger banking ties with BRICS, SCO, and EAEU, highlighting Iran’s $140 billion trade despite sanctions.

Iran Chamber

Supreme Leader calls for removal of barriers to private sector growth

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called on government and supervisory bodies to avoid placing obstacles in the way of the private sector.

Iran Economy

Supreme Leader to meet with private sector activists on Wednesday

The Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, is scheduled to meet with a group of Iranian entrepreneurs and private sector representatives in Tehran on Wednesday.

Iran Economy

Iran’s joining FATF seen as crucial for achieving economic growth goals

Iran must join the Financial Action Task Force (FATF) to achieve the 8% economic growth target outlined in its Seventh Development Plan, according to Payam Bagheri, Vice President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA).

Iran 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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