Economy News
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Meeting held to review Iran’s foreign economic relations
Tehran, IRNA - The Iranian Foreign Ministry has hosted sixth meeting of the Headquarters for the Coordination of Foreign Economic Relations in the current year under the chairmanship of Mehdi Safari, Deputy Foreign Minister for Economic Diplomacy.
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Iran unveils homegrown ‘Rira’ passenger car
Tehran, IRNA – Iran has unveiled the homegrown “Rira” passenger car produced by Iran Khodro Company (IKCO).
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Iran oil production up by 60% since 2020: Minister
Tehran, IRNA — Oil production in Iran has increased by 60% since March 20, 2020, Iranian Oil Minister Javad Owji says.
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Iran's annual inflation rate drops to 35.5% in July
Tehran, IRNA - The Statistical Centre of Iran (SCI) has reported that the annual inflation rate for Iranian families reached 35.5% in the year leading to July 21.
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Chabahar port best trade route for Afghanistan: Iran official
Chabahar, IRNA – The Director General of Ports and Maritime Organization of Sistan and Baluchestan has said that the strategic port of Chabahar can play a key role in trade, transportation, and transit of goods and is the best and least expensive route for transit to Central Asian countries, especially Afghanistan.
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FM official highlights Iranian government railway agreements with Central Asian countries
Tehran, IRNA – Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that Iran has reached good railway agreements with Central Asian countries during the current administration.
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Iran proposes to set up joint fund for national wealth of BRICS member states
Tehran, IRNA – A Member of the Executive Board of the National Development Fund of Iran (NDFI), Hossein Eivazlou, has proposed to establish a joint fund of the national wealth funds of the BRICS member countries.
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274% increase in Iran's receiving oil revenue in Pres. Raisi's gov't
Tehran, IRNA – Iran’s Ministry of Petroleum has announced that Iran’s oil revenues reached more than $28 billion in the last Iranian calendar year, which shows a 274% increase, despite struggling with severe oil sanctions.
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Iran's foreign trade hits $36 bn in March-July
Tehran, IRNA — Iran’s trade with various countries reached $36 billion in the first four months of the Iranian calendar year (March 20–July 21), an official has announced.
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Unloading of basic goods at Iranian ports up 14% in 4 months to late July
Tehran, IRNA – Iran’s Ports and Maritime Organization (PMO) has announced a 14% increase in the unloading of basic goods at the country’s ports in the four months leading up to July 22, compared to the same period in the preceding year.