Domestic Economy

Iran least indebted country in Middle East, Central Asia: IMF report

A recent report by the International Monetary Fund says Iran has the least amount of gross external debt among the countries located in the Middle East and Central Asia.

Iran Economy

Iran’s central bank says foreign funds could be unfrozen soon

Central Bank of Iran (CBI) Governor Ali Salehabadi has signaled that billions of dollars in Iranian funds blocked in other countries because of US sanctions could be unfrozen in the near future.

Iran Economy

Iran Parliament reinstates Fatemi Amin as minister of industry

Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin survived a second impeachment on Monday to remain in charge of one of the country’s most economically important ministries.

Mine and Industry

Iran’s H1 tax revenues hit $7 billion

The Iranian National Tax Administration earned 2,310 trillion rials ($7 billion) in tax revenues during the first half of the current fiscal year (March 21-Sept. 22), says Davoud Manzour, the head of the administration.

Macro Economy

Precipitation in Iran declines for third year in a row

Since the beginning of the current water year (Sept. 23), only 3 millimeters of rainfall have been registered across Iran, which shows a 44% decrease compared with the same period of last year, the head of Data and Information Department at Iran Water Resources Management Company said.

Macro Economy

Official report puts Iran’s September inflation at 42.9%

The Iranian government’s statistics agency has reported a slight increase in the country’s inflation rate in the calendar month to September 22.

Macro Economy

Iran president says political diplomacy has to serve economic diplomacy

Iranian President Ebrahim Raeisi on Saturday referred to the significance of trade and exports in the country’s new five-year development plan and said that political diplomacy has to serve economic diplomacy.

Macro Economy

Solat Mortazavi becomes Iran’s new minister of labor

Iranian president’s pick for Minister of Cooperatives, Labor, and Social Welfare Solat Mortazavi won the vote of confidence of the Iranian Parliament on Wednesday.

Macro Economy

Iran’s five-month tax revenues grow 73% YOY

Governor of Iran’s National Tax Administration Davoud Manzour put the country’s tax revenues during the first five months of the current Iranian calendar year (March 21 – August 22) at 2000 trillion rials which he said shows a 73% growth compared to figures from last year’s corresponding period.

Macro Economy

Iran’s manufacturing sector grows 5.1% YOY in March-August

Figures by the Iranian industries ministry (MIMT) show the country’s manufacturing sector expanded by 5.1% in the five calendar months to August 22 compared with the same period last year.

Macro Economy

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