Home construction loans in urban slum areas have been paid to 20,295 applicants since fiscal 2019-20 up until now, Mohammad Hassan Alamdari, an official with Bank Maskan, the state agent bank of…
Domestic Economy
Restaurant owners suffered losses amounting to 4,000 billion rials ($18 million) due to Covid-19 in the last Iranian year (March 2020-21), the head of Tehran Restaurant Owners Union said.…
Tehran Guilds’ Chamber will not comply with lockdown rules while banks, tax offices and municipalities remain open, Fars News Agency quoted Qasem Noudeh-Farahani, the head of the chamber as…
Domestic red meat consumption has plunged since the outbreak of the coronavirus pandemic wreaking havoc on livestock breeders and nomadic livelihood. An estimated 48,900 tons of red meat…
Thirty commodities accounted for one-third of the value of Iran’s total imports in the last fiscal year that ended in March. The Persian-language daily Donya-e-Eqtesad, citing data from the…
Iran’s vegetable oil market is chaos as the industry relies mostly on imports for the raw material to produce the key consumer item. The government has promised to meet demand for the staple…
Twelve shipments of Covid-19 vaccines containing over 3.19 million doses were imported from Russia, China, India and South Korea from Feb. 3 to May 2, Fars News Agency quoted Mehrdad Jamal…
Producer Price Index for the industrial sector in the 12-month period ending March 20, which marked the end of last Iranian year, grew by 56.8% compared to the same period the year before.
The average goods and services Consumer Price Index in the 2020-21 fiscal year, increased by 36.4% compared to the corresponding period the year before, the Statistical Center of Iran reported.…
The government has set its guaranteed purchase price for tea at 66,900 rials ($0.3) for top-quality tea leaves and 47,810 rials ($0.2) for other varieties in this year’s harvest, both showing a…
A total of five rail projects spanning 650 kilometers will be inaugurated by the end of the first half of the current Iranian year (March 21-Sept. 22), according to the deputy head of the…
Agrifood exports from East Azarbaijan Province stood at $280 million in the last Iranian year (March 2020-21), according to the head of the province’s Agricultural Organization.
To some Iranian economists and policymakers, housing construction is a major economic activity with large multiplier positive effects on economic growth. Ali Sarzaeem, an economic expert,…
About 50,000 tons of non-oil goods worth $11.5 million were exported from Golestan Province in the first month of the current Iranian year (March 21-April 20), registering a growth of 573% and…
Seventy percent of bailouts requested by transportation companies (road, air, rail and sea) hurt by the outbreak of coronavirus have been paid as of April 20.
The Producer Price Index for industrial-scale livestock farms (using the year ending March 2017 as the new base year) stood at 380.1 in the fourth quarter of last Iranian year (Dec. 21, 2020-…
The Statistical Center of Iran has released a new report, surveying the price changes in 53 food items during the month ending April 20. The biggest month-on-month price rise for a food…
A total of 140,000 tons of seafood worth $430 million were exported from Iran to 26 countries in the last Iranian year (March 2020-21), according to the head of Iran Fisheries Organization.
Iran’s export of mineral products in the last fiscal year (ended March 20, 2021) stood at 55 million tons worth $7.6 billion, latest data released by the Iranian Mines and Mining Industries…
The Urban Regeneration Corporate Holding Company has kicked off Iran’s largest housing project in Bandar Abbas in the southern Hormozgan Province.
Government employees and private sector workers who earn 480 million rials ($2,042) annually or 40 million rials ($170) monthly or less will be exempted from income tax in the current fiscal…
The government has increased its guaranteed purchase price for wheat this year by 100%. The price for the current Iranian year (started March 20) was set at 50,000 rials ($0.21) per kilogram in…
A total of 9 million tons of finished and semi-finished steel products were exported from Iran in the last fiscal year (ended March 20, 2021) to register a 13.1% decline compared with last year'…
Mahan Air’s 35-year-old Boeing 747-300 has now started to fly again, after over five years of maintenance and heavy C-check in Tehran. This Boeing 747-300 is the world’s last passenger Boeing…
Negotiations with a Chinese company for the funding of Tehran-North Freeway’s third section have reached the final stage, a deputy minister of roads and urban development said.
