President Hassan Rouhani submitted the drafts of the budget for the upcoming Iranian fiscal year and Iran’s sixth five-year development plan (2016-21) to the parliament on Sunday, hours after…
Domestic Economy
The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the US Treasury Department said…
Iran has reached an agreement with the European consortium Airbus to buy 114 passenger planes for state carrier Iran Air, the minister of roads and urban development announced on Saturday.
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South Korea’s newly-appointed ambassador to Iran, Kim Seung-ho, met with the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, in Tehran on Saturday. He said…
Iran welcomes the investment and participation of German companies in its agriculture industry, said Iran’s agriculture minister.
A 24-kilometer queue is a permanent fixture at Iran-Turkey’s Bazargan Border Crossing, according to the manager of the border terminal in northwestern Iran. Jaber Akbarpour added that every day…
The biggest business delegation in years from the eastern Iranian province of Khorasan Razavi is to visit Poland on Monday, Radio Poland reported on its website Thenews.pl. With a population…
Iran’s second exclusive trade exhibition will be held in the Iraqi capital Baghdad on Feb. 16-19, with the aim of promoting Iranian products in the neighboring country, the website of Iran…
Some 19 million tons of non-oil goods were exported from the southern ports of Hormozgan Province from March to December 2015, according to the province’s Ports and Maritime Organization. Imports…
Iran’s agricultural trade was worth $18.6 billion in the last Iranian year (ended March 2015), with imports accounting for close to $12 billion of this figure, the Ministry of Agriculture data…
Russia’s Agriculture Minister Alexander Nikolayevich Tkachyov is scheduled to arrive in Iran on January 19 on an official visit to discuss ways to promote ties in agriculture and food sectors.
US President Barack Obama took another step toward implementing the Iran nuclear deal on Friday, by ordering that a decade-long ban on sales of civilian aircraft to Iran be lifted.
German companies should revive economic ties with Iran as quickly as possible following the expected lifting of economic sanctions, says Germany’s Chambers of Commerce and Industry (DIHK). “After…
Sometime in the next few days, Iran’s “Implementation Day” is almost certain to be declared. All nuclear-related sanctions, including the freezing of $100 billion of Iranian assets, will be lifted…
Thailand’s Commerce Ministry expects trade and investment with Iran to jump sharply once sanctions against the country are lifted, said Thai deputy commerce minister.
Suvit Maesincee added…
The new administration has stopped giving shares of state companies as repayment of its debt.
Only 10% of stocks “privatized” were given away as debt repayment in the past two years, while…
Deputy Minister of Industries, Mining and Trade Mojtaba Khosrowtaj believes the economic impact of sanctions relief will become tangible by the end of the next Iranian year (March 2017). “The…
Metro industry taps into domestic resources to meet 70% of its needs for parts, said the managing director of Tehran Urban and Suburban Railway Company. Mohsen Nayebi added that the Second…
East Azarbaijan Province exported more than 1.5 million tons of goods worth over $745 million to 97 countries from March to December 2015, which indicates a 1% increase in terms of volume and a 2…
Smuggling is the biggest challenge facing Iran’s textile industry today, said deputy minister of industries, mining and trade, Mojtaba Khosrowtaj, at the opening ceremony of the 11th International…
Azerbaijan has introduced a temporary restriction on the import of livestock and livestock products from Iran in connection with the outbreak of foot and mouth disease. The latest outbreak was…
Islamic clothing such as women’s manteaus constitute the lion’s share of Iran’s apparel exports to Arab countries, according to the head of Clothing Retailers Union. Iran-made suits and garments…
A 25% increase in revenues from seafood exports is within reach, now that European countries plan to resume their purchases from Iran, says an official with Iran’s Fisheries Organization. …
With the end of economic sanctions on Tehran in sight, Chinese President Xi Jinping plans to visit Iran late in January to prepare the way for businesses to follow.
Xi hopes to be the first…
Iran, Azerbaijan, Georgia and Ukraine signed a memorandum of understanding on implementing the International North-South Transport Corridor project in a meeting in Azeri capital Baku on Tuesday…
