Tehran Housing Inflation at 67.3%
Tehran’s housing Consumer Price Index in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month, increased by 67.3% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Aug. 22, at 75.3%.
The housing inflation for the month under review (Aug. 23-Sept. 22) registered a year-on-year increase of 23.8% compared with the similar month of last year. The year-on-year inflation of the month ending Aug. 22 was 33.7%.
financialtribune.com/node/110827
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Tehran’s housing Consumer Price Index in the 12-month period ending Sept. 22, which marks the end of the sixth Iranian month, increased by 67.3% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
SCI had put the average annual inflation rate for the preceding Iranian month, which ended on Aug. 22, at 75.3%.
The housing inflation for the month under review (Aug. 23-Sept. 22) registered a year-on-year increase of 23.8% compared with the similar month of last year. The year-on-year inflation of the month ending Aug. 22 was 33.7%.
financialtribune.com/node/110827
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South Pars Completion Requires Investment of $7.5 Billion
Nearly $80 billion have been invested in the upstream sector of South Pars Gas Field in the Persian Gulf so far, but more is needed to complete the unfinished phases in the huge field, managing director of the National Iranian Oil Company said.
“The completion of Phase 11 as well as phases 13, 14 and 22-24 needs about $7.5 billion of investment in Asalouyeh region,” Mohsen Khojastehmehr was also quoted as saying by the Oil Ministry’s news agency Shana.
“The development of these phases has registered over 90% progress and is expected to be completed by the end of the current Iranian year March 20, 2022.”
financialtribune.com/node/110824
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Nearly $80 billion have been invested in the upstream sector of South Pars Gas Field in the Persian Gulf so far, but more is needed to complete the unfinished phases in the huge field, managing director of the National Iranian Oil Company said.
“The completion of Phase 11 as well as phases 13, 14 and 22-24 needs about $7.5 billion of investment in Asalouyeh region,” Mohsen Khojastehmehr was also quoted as saying by the Oil Ministry’s news agency Shana.
“The development of these phases has registered over 90% progress and is expected to be completed by the end of the current Iranian year March 20, 2022.”
financialtribune.com/node/110824
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Majlis to Probe Dramatic Decline in Stock Market
Lawmakers on Tuesday approved a proposal from the Majlis Economic Commission to investigate the historic stock market decline plus the performance of its regulator, the Securities and Exchange Organization.
Investigators will look into developments in the Tehran Stock Exchange early in the last fiscal year that led to the unprecedented hike in share prices in five months followed by the historic plunge that has almost continued until today.
MPs also want to investigate the relevant authorities approach to the issue as well as the frequent changes in SEO management, which, some lawmakers say, at times failed to uphold administrative formalities, the parliamentary news website, ICANA, reported.
financialtribune.com/node/110982
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Lawmakers on Tuesday approved a proposal from the Majlis Economic Commission to investigate the historic stock market decline plus the performance of its regulator, the Securities and Exchange Organization.
Investigators will look into developments in the Tehran Stock Exchange early in the last fiscal year that led to the unprecedented hike in share prices in five months followed by the historic plunge that has almost continued until today.
MPs also want to investigate the relevant authorities approach to the issue as well as the frequent changes in SEO management, which, some lawmakers say, at times failed to uphold administrative formalities, the parliamentary news website, ICANA, reported.
financialtribune.com/node/110982
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Iran's Q1-3 Transactions With Turkey Increase 76% to $3.3 Billion
Iran and Turkey registered $3.34 billion in trade during the first nine months of 2021, 76.38% higher than last year’s corresponding figure.
The former exported goods worth $1.69 billion during the period, up 140.62% year-on-year, while imports from Turkey grew by 38.61% YOY to $1.65 billion, latest data by Turkish Statistical Institute show.
Iran and Turkey exchanged $503.37 million worth of goods and commodities in September 2021, 90.48% higher than the value registered in the same period of last year.
financialtribune.com/node/110964
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Iran and Turkey registered $3.34 billion in trade during the first nine months of 2021, 76.38% higher than last year’s corresponding figure.
The former exported goods worth $1.69 billion during the period, up 140.62% year-on-year, while imports from Turkey grew by 38.61% YOY to $1.65 billion, latest data by Turkish Statistical Institute show.
Iran and Turkey exchanged $503.37 million worth of goods and commodities in September 2021, 90.48% higher than the value registered in the same period of last year.
financialtribune.com/node/110964
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