EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 3.4% in the ninth Iranian month (Nov. 22-Dec. 21), indicating a 0.2 percentage point increase compared with the previous month’s 3.2%.
EghtesadOnline: Insurance companies generated 630 trillion rials ($2.1 billion) in premium income in eight months to Nov 22 up 43% on the same period last year, the head of the Central Insurance company of Iran said.
EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.8% in the seventh Iranian month (Sept. 23-Oct. 22), indicating a 1.1 percentage point decrease compared with the previous month (3.9%).
EghtesadOnline: The Trade Promotion Organization of Iran again extended the forex realization timeline for exporters and temporarily suspended legal action against non-compliant companies.
EghtesadOnline: Net income of listed companies in Iran’s capital market increased by almost 140% in the previous fiscal year that ended in March compared to the year earlier.
EghtesadOnline: In three years from April 2018 to March 2021, an estimated 24,000 Iranian export companies returned their foreign earnings.
EghtesadOnline: Fixed income investment funds are henceforth obliged to allot a bigger portion of their portfolios to stocks and proportionately reduce the quota for investment in bonds.
EghtesadOnline: The average income of households living in urban areas of Tehran stood at 813.17 million rials ($2,951) in the last fiscal year (March 2019-20), the highest among all Iranian provinces.
EghtesadOnline: The bigger share of durable goods (automobiles, household goods, etc.) in the consumer basket of high-income deciles is one of the reasons behind the inflation gap between income deciles, Javad Hosseinzadeh, the head of the Statistical Center of Iran, said.
EghtesadOnline: Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.