Inflation rate falls 0.8%Inflation rate falls 0.8%

TEHRAN - The Statistical Center of Iran (SCI) has put the average inflation rate in the twelve-month period ended on August 22, which marks the end of the fifth Iranian calendar month Mordad, at 46.7 percent, falling 0.8 percent from the figure for the twelve-month ended to the fourth month.

The center put the country’s point-to-point inflation r

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Number of planes in civil aviation fleet to reach 250 by Mar. 2024Number of planes in civil aviation fleet to reach 250 by Mar. 2024

TEHRAN - The head of Iran’s Civil Aviation Organization (CAO) has said the number of the country’s passenger airplanes will increase to 250 by the end of the current Iranian calendar year (late March 2024).

According to Mohammad Mohammadi-Bakhsh, some 60 airplanes have been imported into the country over the last 20 months, 30 of which are

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Raisi inaugurates South Pars last phaseRaisi inaugurates South Pars last phase

TEHRAN - Iran’s President Ebrahim Raisi has officially inaugurated Phase 11 of the South Pars gas field, which is the last phase of the giant field’s development project in the Persian Gulf, Iranian Oil Ministry’s news portal Shana reported.

During a Monday visit to Asaluyeh port in the southwestern Bushehr Province, Raisi opened the project and

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850 investment packages in free zones ready to be presented to investors850 investment packages in free zones ready to be presented to investors

TEHRAN- The secretary of Iran’s Free Zones High Council announced that 850 packages for investment in the country’s free zones are ready to be presented to the investors.

“We have launched a movement to jumpstart investment in the free zones, with 850 investment packages worth about 15 billion euros ready to be presented to investors”, Hojatollah Ab

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Car manufacturing reaches 537,000 in 5 monthsCar manufacturing reaches 537,000 in 5 months

TEHRAN – Iranian carmakers managed to produce about 537,000 vehicles in the first five months of the current Iranian calendar year (March 21-August 22), an official with the country’s Industry, Mining and Trade Ministry said.

Abdollah Tavakoli Lahijani, the director general of the Iranian Industry Ministry’s Auto Industry Office, said that the p

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ICCIMA head meets Australian envoy to discuss tradeICCIMA head meets Australian envoy to discuss trade

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Selahvarzi met with Australian Ambassador to Tehran Lyndall Sachs on Sunday to discuss ways of increasing trade relations between the private sectors of the two countries.

In this meeting, the two sides emphasized increasing the level of commercial

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