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Economic

  • EghtesadOnline: Preliminary estimates by the Central Bank of Iran show Iran’s gross domestic product in the first nine months of the current Iranian year (started March 20, 2020), using constant prices of the year ending March 2012, stood at 4,806 trillion rials ($19.37 billion) compared with 4,704 trillion rials ($18.96 billion) of the corresponding period of last year, registering a 2.2% year-on-year growth.

  • EghtesadOnline: Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Tuesday reviewed economic developments in the outgoing fiscal year (ends March 20).

  • EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Trade is scheduled to hold a videoconference forum titled “Iran-Azerbaijan Republic Commercial Capacities and Opportunities” in Tehran on Feb. 6.

  • EghtesadOnline: The 14th Iran-Azerbaijan Economic Commission held meetings in Tehran on Monday and Tuesday.

  • EghtesadOnline: The Iranian economy entered a third consecutive year of recession following the triple-shock of sanctions, oil market collapse and Covid-19.

  • EghtesadOnline: Iran and members of Economic Cooperation Organization traded 10.91 million tons of non-oil commodities worth $5.72 billion during the first eight months of the current Iranian year (March 20-Nov. 20), according to the spokesperson of the Islamic Republic of Iran Customs Administration show.

  • EghtesadOnline: The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.

  • EghtesadOnline: Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year.

  • EghtesadOnline: The Central Bank of Iran says inability of meeting the inflation target it announced earlier is likely but the CBI is doing all it can to achieve the goal, the vice governor for economic affairs said.

  • EghtesadOnline: Iranian commercial ports have the capacity to handle 246 million tons of cargo annually, Mohammad Rastad, the head of Ports and Maritime Organization, said on the sidelines of the First International Conference of Eurasian Economic Union.