Domestic Economy

Iran attracts $1.5 billion of FDI in 2022: UNCTAD

World Investment Report 2022 recently published by UNCTAD says that Iran has managed to attract $1.5 billion of foreign direct investment (FDI) in 2022.

Macro Economy

Iran parliament approves Nikbakht as new agriculture minister

Lawmakers in the Iranian parliament have voted to approve Mohammad Ali Nikbakht to lead the country’s Ministry of Agriculture Jihad (MAJ).

Iran Economy

Iran Parliament approves Aliabadi as new industry minister

Iranian lawmakers on Sunday approved Abbas Aliabadi as the country’s new minister of industry, mine and trade.

Iran Economy

Dollar drops against Iran’s rial on nuclear deal signals

The US dollar has logged its biggest daily drop in months against Iran’s currency the rial amid stronger signals that an international nuclear deal between Iran and world powers could be revived in the near future.

Financial Markets

World Bank expects Iran’s economy to grow by 2.2% in 2023

The World Bank expects Iran’s economy to expand by 2.2% this year despite continued pressure of the US sanctions on the country’s economy.

Macro Economy

Iran names most profitable companies in year to March 2021

Iran’s Ministry of Finance has announced the country’s most profitable firms in the last calendar year to late March 2021.

Iran Economy

Iran’s tax revenues up 45% YOY in March-May

Iran’s National Tax Administration (INTA) collected as much as 880 trillion rials ($1.762 billion) of taxes in the first two months of the current Iranian calendar year (March 21 – May 21), according to INTA chief Mohammad Hadi Sobhanian.

Macro Economy

Iran government finalizes new development plan

Iranian government has finalized the country’s 7th five-year Development Plan, according to Government Spokesman Ali Bahadori Jahromi.

Iran Economy

Iran’s annual inflation rate rises 1.8% to 47.6% in April

Figures by the Statistical Center of Iran (SCI) show the country’s annual inflation rate rose by 1.8% to 47.6% in the calendar month to late April.

Macro Economy

Iran’s monthly tax collection tops $820m

The Iranian National Tax Administration collected 430 trillion rials ($826 million) during the first month of the current fiscal year (started March 21), 49% more than in the corresponding period of last year, according to the INTA chief.

Macro Economy