Thursday , 27 January 2022

Economy

Iran Central Bank Forecasts Annual 22 Percent Inflation In Rare Move

Radiofarda – In a rare move, Iran’s Central Bank (CBI) has announced its forecast about the country’s annual inflation rate, saying it expects 22 percent rise in prices the current Iranian year. According to the report, the inflation rate will hover around 22 percent in the period between March 21, 2020 and March 20, 2021. During the same period in …

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Iran’s Exports To China Drop 61 Percent Compared With 2019

Radiofarda – The latest trade figures published by China’s customs shows a 61 percent drop in imports from Iran in the first four months of 2020 compared with the same period last year. Total Iranian exports to China in the four-month period reached $2.34 billion. The bulk of the decline is due to a huge drop in Iran’s oil exports …

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Iran Suffers Huge Reduction Of Revenues From Overflight Rights

Radiofarda – Iran Airports Company (IAC) has reported an 85 percent reduction in overflights by airlines using Iran’s airspace in March-April compared with the previous year. According to Tasnim News Agency, IAC has reported that in the period between March 21 to April 20 the number of international flights passing over Iran has dropped from 33,189 in the previous year …

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Iran Has Lost Its Top Position As Oil Exporter Without Developing Alternatives

Radiofarda – Iran’s non-oil exports, which have suffered from weaknesses in its economic and management systems as well as from various sanctions over the years, is facing new problems following the coronavirus outbreak. According to the Iranian Customs Administration, the total volume of Iran’s exports and imports in April was reduced by 27 percent compared to the same month last …

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Iran Spokesman Says New US Sanctions ‘Fruitless’ And ‘Repetitive’

Reuters – Iran dismissed on Thursday new U.S. sanctions on several Iranian officials, saying they were a sign of the complete inefficiency of Washington’s previous sanctions on the Islamic Republic, state television reported. “Washington’s fruitless and repetitive sanctions against Iranian officials is a sign of weakness, despair and confusion of the U.S. administration,” state TV quoted Iranian Foreign Ministry spokesman …

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US Sanctions A Chinese Firm For Dealing With Iran’s Banned Airline

Radiofarda – The U.S. Departments of State and Treasury sanctioned a Shanghai-based firm Tuesday, May 19, for allegedly working on behalf of the Islamic Republic of Iran’s Mahan Air airline. China’s Saint Logistics is accused of providing various services to Mahan Air, including booking freight flights between China and Iran. Secretary of State Mike Pompeo announced the sanction on the Chinese company …

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Parliament Says Intelligence Agencies Brought Losses To Iran’s Auto Makers

Radiofarda – The Iranian Parliament (Majles) says the existence of several intelligence agencies in Iran has led to corruption and losses in the country’s automobile manufacturing industry. An investigative report read out at the Majles on Monday May 19, added that parts of these factories including Iran Khodro Diesel and SAIPA Diesel have been turned into backyards for “political outcasts” …

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Iran’s stock index TEDPIX loses 30,000 points, falls below 1 million mark

Al-Arabia – Iran’s main stock index fell below one million points Saturday, a week after topping that mark, state affiliated media reported.The Tehran Stock Exchange’s benchmark TEDPIX index lost 30,000 points in early trading on Saturday, falling to 989,000 points.The stock exchange rose above the 1 million mark for the first time last Saturday amid warnings that the market was …

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Almost All Smuggled Goods Into Iran Come Through Legal Ports

Radiofarda – The Iranian parliament has disclosed in a report that 95 percent of smuggling into the country is done through legal ports of entry and procedures, using 31 different techniques. The report covering a long period of more than a decade was read in the open session of the Iranian parliament on May 12. According to the report, contrary …

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