Domestic Economy

Iran parliament approves outlines of forming Ministry of Commerce

Iranian parliament ratified the outlines of a bill for forming Ministry of Commerce.

Iran Economy

IMF expects Iran’s inflation to ease in 2024

A report by the International Monetary Fund (IMF) expects that the soaring inflation rates in Iran would fall significantly with an increase in demand for Iranian oil in major Asian economies and amid a gradual drop in consumer prices around the world.

Macro Economy

Iran’s Q1 tax receipts up 41% YOY

The total taxes paid by Iranian people in the first three months of the current calendar year (March 21–June 21) has posted a 41% year-on-year rise, according to a senior official with Iran’s National Tax Administration (INTA).

Macro Economy

Iran’s Q1 unemployment rate at 8.2%

According to a new report by the Statistical Center of Iran (SCI), Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 8.2% in the first quarter of the current Iranian year (March 21-June 21).

Macro 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