Economy
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Zionist media report on deep impacts of Gaza war on Israel’s economy
Tehran, IRNA – Some sources affiliated with the Zionist regime have released reports on the impacts of the Gaza war on Israel’s economy.
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Russia hosts 8th BRICS Industry Ministers’ Meeting
Moscow, IRNA — The 8th BRICS Industry Ministers’ Meeting has kicked off in Nizhny Novgorod as part of Russia’s BRICS Chairship in 2024.
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Iran still experiencing positive economic growth: Official
Tehran, IRNA – The deputy minister of economy for policy-making affairs says the average annual economic growth in the three years of martyr Ebrahim Raisi’s administration with and without oil was 5.5% and 4.5%, respectively.
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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'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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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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Iran’s exports to Iraq up 27% in three months to June 20
Baqdad, IRNA – Iran exported $3 billion worth of commodities to Iraq during the first three months of the current Iranian year (March 20-June 20), 27% more than the previous year's corresponding period.
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Iran reports 5.7% economic growth for year to March 2024
Tehran, IRNA — Iran’s economy grew by 5.7% in the fiscal year ending in late March 2024, marking the highest growth since 2017, according to the Statistical Center of Iran (SCI).
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‘Iran’s Leader always focused on people-centered production’
Tehran, IRNA - A member of Iran’s Expediency Council says the Supreme Leader of the Islamic Revolution has always been concerned about people-centric production and is an innovator in the field of high quality production documents.
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‘Iran pivotal for transit of goods between China, Europe’
Tehran, IRNA- Iran’s Deputy Minister of Roads and Urban Development has explained the advantages of Iran for the transit of goods between China and Europe at the international summit “Road to Tian Shan” held in Tajikistan.
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Iran signs $2.75 billion worth of contracts on developing sea-based technologies
Qeshm, IRNA – Iran has signed 21 contracts valued at $2.75 billion to develop sea-based technologies.
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The October War and its impact on Israel’s economy
Tehran, IRNA – Before the Zionist army attacked the Gaza Strip on October 7 last year, the economy of this regime was suffering from severe inflation, rising prices and low wages, and a decrease in the standard of living, and now, after more than 220 days of war, the scope of the crisis has become more severe and there has been a lot of economic and financial damage to the regime in various sectors.
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Iran's oil production up by 60% in current gov't: Minister
Tehran, IRNA — Iran's Oil Minister Javad Owji says the production of oil has increased by 60 percent in the current government starting August 2021.
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Iran ready to supply gas to Pakistan in sustainable manner: Envoy
Islamabad, IRNA – Iran’s Consul General in Karachi Hassan Nourian has said that Iran is well aware of Pakistan’s need for energy and is ready to supply the gas in a sustainable and sufficient manner to the neighboring country.
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Iran-Turkiye trade reaches $1.3b in Q1 2024
Tehran, IRNA – The trade exchanges between Iran and Turkiye in the first three months of 2024 have reached $1.364 billion, according to a latest update by the Turkish Statistical Institute (TURKSTAT).
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Iran, Africa pursue expansion of economic ties: Raisi
Tehran, IRNA – Iran's President Ebrahim Raisi says the Islamic Republic and African countries are keen on further boosting their economic relations.
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Zionist regime feels the pinch of Gaza war fallout
Tehran, IRNA- Israel’s Finance Minister, Bezalel Smotrich painted a grim picture of the regime’s economy amid an ongoing genocidal war on the Gaza Strip and warned on Tuesday about the dire economic conditions in the occupied territories.
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Iran’s oil output up 630,000 bpd y/y in Jan-March: Report
Tehran, IRNA – The US Energy Information Administration (EIA) has announced in its latest report that Iranian oil production has surpassed 3,250 million barrels per day (bpd), indicating that Iran’s oil production increased by 630,000 bpd year-on-year from January to March.
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Iran leads OPEC members in production in March 2024
Tehran, IRNA — Iran produced nearly 3.2 million barrels of crude oil in March, up 28,000 barrels from February, leading the members of the Organization of Petroleum Exporting Countries (OPEC) in production.
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Iran's trade with OIC hit $61b: IRICA
Tehran, IRNA – Iran’s trade with member states of the Organization of Islamic Cooperation (OIC) reached $61 billion, last year (beginning on March 21, 2023), the head of the Islamic Republic of Iran Customs Administration (IRICA) has announced.
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Over 30 countries to attend second Iran-Africa summit
Tehran, IRNA – The ministers of economy of more than 30 African countries are expected to take part in the second Iran-Africa summit in Tehran.
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Iran’s annual dates export reach $345m
Tehran, IRNA – Iran exported 390,000 metric tons of fresh dates, valued at $345 million, in the previous Iranian calendar year (from March 21, 2023, to March 19, 2024), as announced by an official from Iran’s Ministry of Agriculture Jihad.
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Iran’s ocean port of Chabahar reports record activity
Chabahar, IRNA – Iran’s ocean port of Chabahar has reported record activity related to loading and unloading, according to a local official.
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Gaza war inflicts $56b losses on Israeli economy: Report
Tehran, IRNA - The Israeli regime's economy has reportedly suffered $56 billion in losses since the onset of the occupying entity's genocidal war on Gaza.
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New Iranian Year will be year of economic prosperity: Raisi
Tehran, IRNA – Iranian President Ebrahim Raisi has congratulated the nation on the Persian New Year, known as Nowruz, expressing assurance that the new year will be a year of economic prosperity for the country.
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Iran aluminum output up 7% in Jan-Feb
Tehran, IRNA – The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has registered a 7% rise in aluminum ingot production from January to February 2024.
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Raisi opens $83 mln steel company in southwestern Iran
Ahvaz, IRNA -- Iranian President Ebrahim Raisi inaugurated the Atiye Middle East Steel Plant via video conferencing during his visit to Khuzestan province, southwestern Iran.
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Official: Afghanistan after promoting trade ties with Iran
Kabul, IRNA - Deputy economy minister of Afghanistan's ruling government Abdul Latif Nazari has said that developing cooperation capacities with Iran is on the agenda of the Afghan government.
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Iranian automakers manufacture about 1.23m vehicles in 11 months
Tehran, IRNA – Iranian automakers produced about 1.23 million vehicles in 11 months of the current Iranian calendar year (March 21, 2023- February 19, 2024), an official in the Industry, Mining and Trade Ministry has announced.