Almost a decade after the idea of preferential trade was first proposed, Iran penned its first preferential tariff agreement (PTA) with Turkey when the Turkish Prime Minister Recep Tayyip…

Iran’s cigarette market is inundated with smuggled cigarettes due to enormous demand in the country for foreign brands as well as a ban imposed by the government on cigarette imports.

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The government will continue its cash handout scheme, which already provides almost every Iranian citizen with a monthly pay of 455,000 rials ($17 based on official rate), throughout the next…

Despite western sanctions, Iran’s civil aviation industry has grown relatively in recent years, industry officials often claim.

Regardless of all the dire troubles that it has…

For some time now a hot debate is underway in Iran about the effectiveness of proposals by the government to help pull out the key housing sector from punishing recession and at the same time…