Iran reports boom in electronic check use

Iran reports boom in electronic check use

Iran has reported a sharp surge in the use of electronic checks during the calendar year that began in late March, as part of efforts to reduce check bouncing and boost confidence in the country’s banking system.
Official data: Germany faces unemployment crisis

Official data: Germany faces unemployment crisis

Prospects for finding a job in Germany have fallen to their lowest level on record, according to the head of the Federal Employment Agency, Andrea Nahles.
Iran’s headline inflation up 1.8% to 42.2% in December

Iran’s headline inflation up 1.8% to 42.2% in December

Iran has recorded a modest increase in its year-on-year inflation rate during the calendar period ending in late December.
Iran parliament probes missing $6.7bn in oil export revenues

Iran parliament probes missing $6.7bn in oil export revenues

An Iranian lawmaker says parliament is investigating why some $6.7 billion in revenues from the country’s oil exports have not been repatriated.
Official: Iran to confiscate $5mn seized tanker, fuel cargo in favor of government

Official: Iran to confiscate $5mn seized tanker, fuel cargo in favor of government

The chief justice of Iran’s Hormozgan Province says a recently seized tanker and its fuel cargo worth more than five million dollars will be transferred to government ownership.
Iran opens 2nd largest oil processing unit in West Karun area

Iran opens 2nd largest oil processing unit in West Karun area

At the order of Iranian President Masoud Pezeshkian, the country’s largest oil processing (Central Treatment and Export Plant (CTEP) unit was inaugurated in West Karun in Ahvaz on Thursday via videoconference.
Report: Iran’s exports to Eurasia hit $1.2b in 7 months

Report: Iran’s exports to Eurasia hit $1.2b in 7 months

An official at Trade Promotion Organization of Iran (TPOI) says the country exported $1.2 billion worth of goods to the Eurasian Economic Union (EAEU) member states in the 1st seven months of the current Iranian calendar year.
Iran stocks extend rally as TSE index surpasses 4 million points

Iran stocks extend rally as TSE index surpasses 4 million points

Stocks in Iran continue to rise as the country’s main stock market has witnessed a major surge in capital inflows.
Iran halts gas exports to Iraq amid surge in domestic demand

Iran halts gas exports to Iraq amid surge in domestic demand

Iran has temporarily halted its natural gas exports to neighboring Iraq due to a sharp rise in domestic demand for heating.
Iran, Japan ink MoU to expand trade-economic cooperation

Iran, Japan ink MoU to expand trade-economic cooperation

Trade officials from Iran and Japan signed a memorandum of understanding (MoU) on Monday to develop and expand cooperation in the trade and economic fields.
IEA data shows increase in Iranian oil production

IEA data shows increase in Iranian oil production

International Energy Agency (IEA) figures show that Iran has increased its oil production by a significant amount over the past year despite continued US sanctions aimed at restricting the country’s ability to produce and export crude oil.
Iran’s exports to neighboring Turkey up 14%

Iran’s exports to neighboring Turkey up 14%

A study of Iran’s exports situation to neighboring Turkey in the first half of the current Iranian calendar year (started Mar. 21) indicated that the country’s non-oil exports to Turkey registered a 14 percent growth.
Iran cuts steel imports amid surge in domestic output

Iran cuts steel imports amid surge in domestic output

Iran has significantly reduced its steel imports amid a surge in domestic production that has supported higher exports from the country.