Economy

Iran private sector eyes increased exports to Iraq

TEHRAN - Two local Iranian chambers of commerce have signed a cooperation document aimed to boost the country’s exports to neighboring Iraq, especially to the southern province of Basrah.
Iran’s tax revenues reach $21.76 billion, up 56%

TEHRAN - According to the latest report from Iran’s National Tax Administration (INTA), tax revenues exceeded 10.88 quadrillion rials ($21.76 billion) in the first 11 months of the current Iranian year (March 2024-February 2025), marking a 56 percent increase compared to the same period last year.
Over 660m liters of liquid fuel delivered to power plants in a week

TEHRAN - Iran supplied 660.236 million liters of liquid fuel to power plants from February 23 to March 1, marking a 44 percent increase compared to the same period last year, as the country faced an unprecedented cold wave.

Parliament dismisses economy minister Hemmati

TEHRAN – Iran’s Parliament voted to impeach and remove Economy Minister Abdolnaser Hemmati from office on Sunday.
Non-oil export from Fars province up 12% in 10 months on year

TEHRAN- The value of non-oil export from Fars province rose 12 percent in the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, a provincial official announced.
Iran to offer mining areas as investment packages

TEHRAN - The Ministry of Industry, Mine, and Trade plans to transfer all mining areas in the country as investment packages, according to Mehdi Hamidi, the ministry’s director of mining operations.
Water reservoirs in critical condition as inflows drop 31%

TEHRAN - Since the beginning of the water year in late September, inflows into Iran’s reservoirs have totaled 8.44 billion cubic meters, marking a 31 percent decline compared to 12.18 billion cubic meters in the same period last year.
Iran private sector eyes increased exports to Iraq

TEHRAN - Two local Iranian chambers of commerce have signed a cooperation document aimed to boost the country’s exports to neighboring Iraq, especially to the southern province of Basrah.
Iran to keep current subsidized exchange rate in next year’s budget

TEHRAN - Iran will keep its current subsidized exchange rate for imports of basic goods in the next calendar year’s budget, according to the country’s chief banker and amid efforts to control food and medicine prices.
Over 660m liters of liquid fuel delivered to power plants in a week

TEHRAN - Iran supplied 660.236 million liters of liquid fuel to power plants from February 23 to March 1, marking a 44 percent increase compared to the same period last year, as the country faced an unprecedented cold wave.
Iran’s tax revenues reach $21.76 billion, up 56%

TEHRAN - According to the latest report from Iran’s National Tax Administration (INTA), tax revenues exceeded 10.88 quadrillion rials ($21.76 billion) in the first 11 months of the current Iranian year (March 2024-February 2025), marking a 56 percent increase compared to the same period last year.
Residential, commercial sectors account for 77% of Iran’s gas consumption

TEHRAN - Iran’s National Gas Company announced that out of the 861 million cubic meters of gas produced in the past 24 hours, 660 million cubic meters—equivalent to 77 percent—were consumed by the residential, commercial, and small industrial sectors.
Ports of Iran handle 215m tons of cargo in 11 months

TEHRAN - The total volume of cargo handling at Iran’s ports reached 215.33 million tons in the first 11 months of the current Iranian year (March 20, 2024 – February 19, 2025), according to the Ports and Maritime Organization (PMO).