• Oil Remains Biggest Contributor to Iran’s Economic Growth

    A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of the current fiscal year (March 21-June 21).
    The report released on Sunday shows Iran's economy grew by 1.8% during the period compared with last year's corresponding period. GDP growth, excluding oil production, stood at 0.7%.
    In fact, the oil sector, with a 5.2% growth, single-handedly accounted for about 1.2% of the overall 1.8% growth in the overall economy during the first quarter, meaning oil production had a 66.66% share from Iran's economic growth.
    The CBI report also shows the services sector grew by 1.1% while the sectors of agriculture and the "industries and mines" grew by 0.3% and 0.1% respectively.

Domestic Economy

  • Anzali Port to Be Connected to National Railroad
    09/18/2018
    Anzali Port in the northern Gilan Province will be connected, through a 3.8-kilometer rail route, to the national railroad system, according to the deputy minister of roads and urban development,...
  • Oil Remains Biggest Contributor to Iran’s Economic Growth
    09/18/2018
    A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of...
  • Trade With Thailand Grows 20%
    09/18/2018
    Iran traded 1.02 million tons of non-oil commodities worth $497.85 million with Thailand during the first five months of the current fiscal year (March 21-Aug. 22). This indicates a 7.99% and 20.09...
  • Tomato Exports Earn $112m  in 5 Months
    09/18/2018
    Iran exported 306,655 tons of tomatoes worth $112.08 million during the first five months of the current fiscal year (March 21-Aug. 22). This was announced in the latest data released by the...
  • Departure Tax Revenues  Up 117 Percent
    09/18/2018
    Iranian government earned 3 trillion rials ($24 million) from departure tax in the first four months of the current year (March 21-July 22).  The figure indicates a rise of 177.2% compared with the...
  • Iran, Italy Transportation Officials Meet  in Tehran
    09/18/2018
    Officials from Iran’s Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development, held a meeting with Italian road transportation...
  • Afghan Ban on Iranian Imports Pertains to S. Khorasan Border
    09/17/2018
    The ban placed by Afghanistan Customs Department on the import of Iranian oil products, cement, steel products, tiles and ceramics is related to Farah border crossing in Iran’s South Khorasan...
  • Ardakanian to Chair Economic Commissions With Russia, Germany
    09/17/2018
    The Energy Ministry has been appointed as the body responsible for Iran’s joint economic commissions with Russia and Germany. This was proposed by Foreign Minister Mohammad Javad Zarif and...
  • Trade With Pakistan  Rises 23%
    09/17/2018
    Iran traded 1.27 million tons of non-oil commodities worth $642.63 million with Pakistan during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 23.31% and 19.72%...
  • TCCIM to Hold Course on Drafting Business Contracts
    09/17/2018
    Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold an educational...  
  • Press Iron Imports at $1.13m  in 4 Months
    09/17/2018
    Close to 185 tons of press iron worth more than $1.13 million were imported into Iran from four countries during the first four months of the current Iranian year (March 21-July 22), data released...
  • Iraq Tar Transit to Pakistan Via Iran Railroad
    09/17/2018
    A shipment of tar has been transited from Iraq to Pakistan for the first time through Iran’s railroad, the director general of the South East Railroad Company announced.  Majid Arjouni added that...
  • Representatives from more than 400 domestic and foreign companies from 25 countries are participating in 17th Iran International Confectionary Fair.
    09/17/2018
    Iran exports $700 million worth of pastry and chocolate to more than 60 countries annually. This was announced by Secretary of Iranian Pastry and Chocolate Association Jamshid Maghazei on the...
  •  Between 1990 and 2017, Iran’s HDI value increased from 0.577 to 0.798, indicating an annual increase of nearly 1.21%
    09/17/2018
    Iran climbed one step to rank 60th among 189 countries reviewed in the latest Human Development Index report released by the United Nations Development Program.  Notably, the country is placed...
  • Toothbrush Imported From 9 Countries
    09/16/2018
    More than 296 tons of toothbrush worth close to $3.65 million were imported into Iran from nine countries during the first four months of the current Iranian year (March 21-July 22), the Islamic...
  • Qeshm Exports Up 48 Percent
    09/16/2018
    More than 76,170 tons of non-oil commodities were exported from Qeshm Island’s ports during the first five months of the current Iranian year (March 21-Aug. 22) to register a 48% growth compared...
  • Alborz Province Launches First Passenger Airport
    09/16/2018
    The passenger terminal of Payam International Airport, located in the city of Karaj 40 km from Tehran, was officially launched on Friday after Taban Airline’s MD88 operated a maiden flight from...
  • Kerman Pistachio Farmers’ Losses Exceed $200m
    09/16/2018
    Pistachio farmers in Kerman Province have incurred losses of 30 trillion rials ($227 million) so far in the current Iranian year (started March 21) due to a drastic decline in production, the head...
  • FAO Surveys New Plant Breeding Approach in Iran
    09/16/2018
    An evolutionary, participatory plant breeding approach compatible with the Iranian environment has been successful in reducing vulnerabilities of small-scale farmers, improving crop yields and...
  • Kabul Bans Import of Four Types of Iranian Products
    09/16/2018
    Afghanistan Customs Department has banned the import of oil products, cement, steel products and tiles and ceramics from Iran as of Sept. 16. Ali Shariati, a member of Iran Chamber of Commerce,...
  • Trade With Turkey Hit $1.6b in  5 Months
    09/16/2018
    Iran traded 1.47 million tons of non-oil commodities worth $1.60 billion with Turkey during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 1.22% growth in...
  • CBI Reports Changes in Food Retail Prices
    09/16/2018
    The Central Bank of Iran has released a new report on the retail prices of food items for the week ending Sept. 7.   Out of the 11 groups, the prices of eight food groups increased during the week...
  • Enforcement of Reemployment Ban on Public Retirees Notified
    09/15/2018
    The ban on reemployment after the retirement of public employees will be legally enforceable within two months, the spokesman of Guardians Council, Abbasali Kadkhodaei, said. According to the newly...
  • Iran’s Consumer Market Valued at $177b Last Year
    09/15/2018
    Iran's consumer market was worth 7,180 trillion rials ($177.4 billion) in the fiscal 2017-18, according to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture using figures...
  • Ban on Packaging Paper, Tissue Exports Lifted
    09/15/2018
    The ban imposed on exports of packaging paper and tissue has been lifted. This was notified...  

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