Domestic Economy

The Ministry of Economy and Finance has been given the go ahead to repay its overdue debt based on this year's budget plan. The ministry will offer 'Treasury Settlement Securities' to contractors…

A total of 27 out-of-service planes are being removed from airports to free much-needed space for new jets as Iran renews its ageing fleet hurt by years of international sanctions.

Iran’s geostrategic location, along with its historic role as a conduit for the exchange of goods — especially its position on the ancient Silk Road — has made the country one of the most active…

China has raised import tariffs on certain agricultural products, including Iran’s saffron, says Seyyed Hashem Naqibi, an official with Khorasan Razavi Agricultural Jihad Organization. This is…

The five-year ban on import of olives aimed at supporting local farmers will remain in place as production is expected to reach 120,000 tons by the yearend (March 2017), 20,000 tons more than last…

More than $60 million worth of tilapia fish was imported into the country in the past Iranian year that ended in March, according to the director of Iran’s Union of Seafood Reproduction,…

An estimated 512,000 tons of agricultural products and food worth more than $1 billion were exported during the first quarter of the Iranian fiscal year that started in March -- an 11% increase in…

A hoped-for export bonanza has failed to materialize a year after a deal to lift sanctions against Iran over its nuclear program, a German industry association told AFP.

“Despite increased…

Russia, Iran and Azerbaijan agreed to strengthen transport connections, including a potential railway that would aim to grab a share of the cargo now being shipped through the Suez Canal,…

Many in Iran’s economic circles are concerned about future growth. Many  point to last year’s slowdown in growth and fret the same may happen next year. They understandably presume the…

Iran exported 928,000 tons of goods worth $3.8 million to Austria during the first four months of the current Iranian year (March 20-July 21), which indicates a 24% rise in value compared to the…

A senior government official says 66 foreign direct investment projects worth $5.16 billion are being implemented after the nuclear agreement (Joint Comprehensive Plan of Action) came into effect…

A refrigerated container carrying 1,000 cartons of smuggled fruit weighing 15.78 tons was confiscated in the southern Hormozgan Province. Mehdi Rezaie, the director General of Shahid Bahonar…

The board of directors of Iran Chamber of Commerce, Industries, Mines and Agriculture named Mohsen Jalalpour Sunday as the honorary chairman of ICCIMA and said the new president of Iran’s private…

Iran and Afghanistan have reached a preliminary agreement to use Chabahar Port as a trade hub with customs procedures both pertaining to shipment costs and time of clearance. The agreement was…

More than 942,200 tons of non-oil goods valued at $474.7 million were exported to Japan during the first four months of the current Iranian year (March 20-July 21). Exports in the corresponding…

The reopening of the Irish Embassy in Iran would be a “game changer” in the post-Brexit climate and open up access for Ireland to a market of a quarter of a billion people, Ireland’s Agriculture…

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of…

The government has purchased 66,000 tons of colza from local farmers since the beginning of the harvest season in March, according to the head of Government Trading Corporation of Iran.

Industrial products constituted over 90% of Iran’s $10.4 billion imports from China during the past fiscal year that ended in March, says the director general of the Commercial Planning Department…

Interior Minister Abdolreza Rahmani Fazli and Afghanistan’s Minister of Finance Eklil Ahmad Hakimi will co-chair the fifth meeting of Iran-Afghanistan Economic Cooperation Commission after a…

Tehran police confiscated two containers of contraband carrying foreign clothes, bags and stationery worth 11.5 billion rials ($325,779) over the weekend, IRNA reported. According to Iran’s Anti…

Negotiations between Pakistan and Iran on a free trade agreement have failed to make progress.

Russian Railways is interested to take part in the implementation of the Rasht-Astara railway project which is under construction by Iran and Azerbaijan, first vice president of Russian Railways,…

The Syndicate of Iranian Pharmaceutical Industries is set to hold the 2nd International Exhibition on Pharmaceuticals and Related Industries (Iran-Pharma 2016) on September 14-16 in Tehran.