Pars Today
Figures by Iran’s Statistical Center (SCI) show the 12-month inflation rate in the country rose by 1.1% to 40.5% in the calendar month to July 22.
Central Bank of Iran (CBI) figures show Iran’s economy grew by 4.4% in the year to late March despite continued pressure on the country’s oil revenues because of American sanctions.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has voiced his support for the gradual removal of the US dollar from global transactions in a meeting with Russian President Vladimir Putin.
Central Bank of Iran (CBI) officials say they plan to include more currencies in a new system that allows exporters and importers to settle their payments under currency pairings coordinated with other countries.
Minister of Energy Ali Akbar Mehrabian said the Islamic Republic has signed a long-term strategic electricity contract with Iraq to provide its neighbor with sustainable energy supplies.
Iran and Turkey have agreed to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.
Iran’s largest lender Bank Melli has signed some major memoranda of understanding (MoUs) with Russia’s largest bank, Sberbank, amid efforts by Iran and Russia to boost their banking and trade ties.
Iran will increase its production capacity for petrochemical products by more than a half in the next three years as the country moves ahead with plans to increase added value in its petroleum sector.
Iran’s purchases of domestically-grown wheat have exceeded five million metric tons in the harvesting season that began in early April, a sign the country has been successful in its plans to ensure food security at a time of increased uncertainty in the global markets because of the military conflict in Ukraine.
Iran's full membership of the Shanghai Cooperation Organization (SCO), a transcontinental political, economic, and security alliance, is expected to be finalized by next year, according to multiple reports citing officials.