The Cabinet decided on Wednesday that all government offices and organizations be closed on Thursdays until Aug. 22 due to power shortage and the need to supply electricity to essential sectors…
Domestic Economy
Iran’s polymer industries have a production capacity of 20 million tons, of which close to 15 million tons (around 75%) are not being used, which has had negative effects on Iran’s export…
Iran Power Generation, Distribution and Transmission Company (Tavanir) has ordered steel and cement production factories to reduce electricity consumption by 10%, otherwise their power supply…
The Purchasing Managers’ Index for the housing sector in the third month of the current Iranian year (May 22-June 21) settled at 60.55 from 57.14 in the preceding month (April 21-May 21),…
President Hassan Rouhani inaugurated via videoconference 62 manufacturing, economic and infrastructure projects worth 31,050 billion rials ($124.2 million) in free trade zones of Maku, Chabahar…
Exports from Semnan Province exceeded 6 million tons worth $1.65 million in the third month of the current fiscal year (May 22-June 21), according to an official from Semnan's Chamber of…
Industrial Development and Renovation Organization of Iran has entered a joint venture with a foreign company to produce explosion-proof LED lamps in Shiraz Special Economic Zone.
The Central Bank of Iran has supplied $5,542 million at the subsidized forex rate of 42,000 rials per US dollar for the import of essential goods since the beginning of the current Iranian year…
The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold a specialized course on arbitration.
Armenia plans to increase its nine flights to Iran per week to 11 as of next week, according to the spokesperson of the Islamic Republic of Iran Civil Aviation Organization. “Currently,…
A total of 200,000 tons of cotton bolls are estimated to be produced in Iran during the current Iranian year that started on March 21. Due to drought and low precipitation levels, the…
The Statistical Center of Iran has published its latest report on home and land prices as well as rent levels in the country’s urban areas during the third quarter of the last Iranian year (Sept…
Seafood consumption per capita in Iran reached 13.3 kg in the year ending March 2021, indicating a 56% increase compared with 8.5 kg in the year President Hassan Rouhani took office, i.e.,…
Repetition of past mistakes in policymaking is more pervasive than many would imagine. Many countries scored spectacularly with economic indicators for a period of time but then mistakes made by…
As Iran is bracing for a fresh surge of coronavirus infections after the outbreak of the highly infectious Delta variant, a new round of restrictions have been imposed on businesses.…
Out of 10,170 mines in Iran, 6,861 are active and 3,309 are inactive, according to the latest data announced by the Statistical Center of Iran. Of the 6,861 active mines, 6,449 mines were…
A total of 169 domestically-made or overhauled rolling stock worth 3.52 trillion rials ($13.7 million) joined Iran’s rail fleet on Saturday. Arak Province’s Wagon Pars Company, Isfahan’s Kowsar…
Drought affects a range of economic sectors but its impacts are usually most evident in agriculture.
Handmade carpet exports stood at 366.9 tons worth $4.8 million in the first two months of fiscal 2021-22 (March 21-May 21), registering a 275.1% and 84% growth in weight and value respectively…
The Statistical Center of Iran has released a report, reviewing the price changes of 53 food items during the month ending June 21. The biggest month-on-month price rise for a food item…
Iran and Turkey registered $1.78 billion in bilateral trade during the first five months of 2021, 102% higher than the same period of last year. Iran exported goods and commodities worth $980…
Demand for charter bus tickets to the Armenian border town of Norduz in Jolfa has increased after Armenia said tourists would be inoculated with the coronavirus vaccine, according to …
Bileh Savar border crossing exported 67,000 tons of goods worth $84 million in the first three months of the current fiscal year (March 21-June 21), registering a 113% and 227% growth in weight…
Tehran’s housing Consumer Price Index in the 12-month period ending May 21, which marks the end of the second Iranian month, increased by 84.1% compared with the corresponding period of last…
Iran earns $200 from each ton of transit goods, according to the newly-appointed secretary of the High Council of Free Trade and Special Economic Zones.
