Tehran(IP)- According to the Minister of Economy, two agreements were signed between the Islamic Republic of Iran and the United Arab Emirates in investment and tax avoidance.

Iran PressIran News:  Seyyed Ehsan Khandozi, Minister of Economy, in a press conference on Tuesday and in response to the question of Iran Press reporter on his meeting with his Emirati counterpart on the sidelines of the annual meeting of the OPEC Fund, said: Considering that we had a meeting in Jeddah before, the previous agreements were followed.

Khandozi added that if the Emirati side agrees, these two documents will be implemented this summer.

He added that measures are being taken in investment projects as well as the central bank acts in currency area to increase economic cooperation between Iran and the UAE.

Later, he explained the growth of production and sales of large listed companies in the first two months of this year compared to the same month last year, Khandozi announced a growth of more than 10% and said: The statistic represents a jump in the production and sales of large listed companies from 2017 to today.

The economic spokesman of the government about controlling the inflation rate said: According to the statistics center, for the first time point-to-point consumer inflation has decreased by 12% in June this year compared to the previous month, which is due to the exit from the period of price increase after the reform of the preferred currency and Rising food prices and inflation caused by the war in Ukraine.

He highlighted that there are bottlenecks in the industrial sector, but the allocated electricity has increased by about 20%, and in the small and medium industries, efforts are being made not to impose any restrictions, and only for large industries. The limit is 12 hours or half a day a week to overcome the period of power outages.

Khandozi pointed out: It can be definitely said that we do not know any progressive and advanced economy that has been able to achieve economic progress and unless the official documents has found its sovereignty, normal the informal documents.


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