Economy

PayvandNews – The latest market figures show that Iran’s exports of crude oil to China in September saw a whopping increase of 59 percent compared to the same period last year.   Figures released by Reuters showed that Iran exported as much as 3.22 million tonnes – or 784,000 barrels per day (bpd) – to Asia’s largest and world’s second top consumer …

Al-Monitor — Economic growth is generally generated by four sources: increasing private consumption, expanding private investment, higher government consumption and investment, and more exports. At present, when it comes to the first three, there is no potential for picked up economic output in Iran. Although efforts have been made to increase private investment, the data still show that Iran is faced with …

PayvandNews – Iranian government spokesman Mohammad Baqer Nobakht said on Tuesday that the country’s non-oil gross domestic product grew by seven percent during the first half of the present Iranian calendar year (March 21-September 22, 2017), IRIB news reported. Source: Tejarat magazine As Nobakht announced in late July, GDP of Iran, including oil sector, stood at 11.1 percent in the past Iranian calendar …

PayvandNews – Although Iran ranks first in the world in terms of natural gas reserves – according to the BP Statistical Review of World Energy, the country holds around 18 percent of total proven natural gas reserves globally-, when it comes to exports, it has a long way to the top of the list of gas exporting countries. The country is …

PayvadNews – The International Monetary Fund (IMF) in its latest World Economic Outlook titled “Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges” predicted a 3.8 percent real GDP growth for Iran in 2018, rising from 3.5 percent in 2017. People not seeing results of the 3% growth cartoon by Mehdi Azizi, Ghanoon daily “In 2018, growth is expected to increase to 3.8 percent, mostly …

PayvandNews – The Islamic Republic’s Interior Minister has expressed concern about unemployment; especially in those cities where he says about 60% of the workforce is unemployed.   In an interview with Iran Students News Agency, ISNA, the minister noted, “Social harms are more acute in areas where the unemployment rate is high”. Read related report (in Persian) by Ghanoon daily In the interview he …

Al-Monitor – Hope for Iran’s long-overdue accession to the World Trade Organization (WTO) appears to have disappeared. The July 2015 Joint Comprehensive Plan of Action, signed between Tehran and six world powers, has done little to bring about a consensus within the organization to proceed with Iran’s membership bid. Meanwhile, on the domestic front, the Iranian government has little to show in terms of …

PayvandNews – The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the sixth Iranian calendar month of Shahrivar (September 22) compared to the same period in the previous year hit 9.9 percent, Tasnim news agency reported on Wednesday. cartoon by Javad Takjou, Etemad daily It is while the Statistical Center of …

Al-monitor – Bijan Namdar Zanganeh, the most experienced minister in the Islamic Republic of Iran, has yet again been entrusted with one of the most challenging portfolios in the Hassan Rouhani administration: the Ministry of Petroleum (MoP). Experts agree that in the past four years, Zanganeh and his team have managed to rehabilitate the petroleum sector after the damaging years under …

PayvandNews – A new IranPoll survey conducted in August finds that Iranians generally support globalization, want to see economic reform inside Iran, and want to improve their economic ties with Europe in particular. They are concerned, however, that U.S. pressure will cause European companies to think twice about doing business in Iran. The results show an Iranian public that seems increasingly optimistic about …