A total of 5.14 quadrillion rials ($21.15 billion) worth of investment were made in industrial units with establishment permits, while projects with operating licenses are estimated to have…
Domestic Economy
The average annual producer price inflation registered a record high in the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020).
As many as 20,000 homes built under the National Housing Initiative will be inaugurated per month as of March 21 until September. According to Roads and Urban Development Ministry’s…
The National Coronavirus Headquarters has not issued any ban on public transportation companies from offering services during the upcoming Iranian New Year holidays (March 21-April 2), known as…
Preliminary estimates by the Central Bank of Iran show Iran’s gross domestic product in the first nine months of the current Iranian year (started March 20, 2020), using constant prices of the…
A trilateral memorandum of understanding has been signed by Omid Entrepreneurship Fund, Iran’s National Carpet Center and the private sector for generating sustainable jobs and lending support…
Iran’s greenhouse area stood over 9,800 hectares in the current Iranian year (started March 20, 2020), based on the latest figures released by the Statistical Center of Iran. According to the…
The director general of the Islamic Republic of Iran Customs Administration’s Exports Department has communicated a ban on chicken exports to customs offices throughout the country. As…
With $12.5 billion worth of trade, the UAE became Iran’s second largest trading partner after China during the 11 months to Feb. 18, says Farshid Farzanegan, chairman of Iran-UAE Chamber of…
The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to Dec. 20, which marks the end of the third quarter of the current year,…
Budget tax revenue projections for the current fiscal year (March 2020-21) were achieved in their entirety by March 10, Omid Ali Parsa, the head of the Iranian National Tax Administration, says…
Minimum wage, excluding allowances and stipends, will rise by 39% in the new Iranian year (starting March 21) to reach 26.55 million rials ($107.05), says Minister of Cooperatives, Labor and…
A total of 42,000 tons of red meat were produced in Iran during the month ending Feb. 18 to register a 43% rise compared with the similar month of last year. Meat output witnessed a 4% month-on…
Khouzestan Steel Company exported 1.36 million tons of slab, bloom and billet during the first 11 months of the current fiscal year (March 20, 2020-Feb. 18) to emerge as the biggest steel…
A total of 70 trillion rials ($285 million) have been spent on repairing roads, patching asphalts and constructing asphalt roads in rural areas since the beginning of the current fiscal year (…
A total of 1.32 million tons of dates have been produced in the current Iranian year (March 2020-21), which are 700,000-800,000 tons higher than last year, according to Meqdad Takallouzadeh,…
Three ocean liners weighing more than 40,000 tons docked simultaneously at Shahid Bahonar Port in the southern province of Hormozgan, according to the manager of Shahid Bahonar and East…
Iran’s economy has come out of recession following two consecutive quarters of growth, says the Central Bank of Iran’s governor. “The positive growth in the second quarter of the current fiscal…
Iran imported 380,009 tons of fruit worth $267.71 million and exported 7.88 million tons worth $5.52 billion during the 11 months to Feb. 18, says Rouhollah Latifi, the spokesperson of the…
Tehran’s second wastewater treatment facility, aka Firouz Bahram Wastewater Treatment Plant, at the southwestern tip of the capital is to officially open soon. The plant will treat 520,000…
The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced a total of 324,161 tons of copper anode…
The Statistical Center of Iran provides two figures for the youth unemployment rate: one concerning the population between 15 and 24 years and those between 18 and 35 years.
The agriculture sector remains the main driver of growth in Iran’s economy. The economy grew by 0.8% during the third quarter of the current fiscal year (Sept. 22-Dec. 20, 2020), the…
The average goods and services Consumer Price Index of “housing and utilities” (water, electricity, natural gas and other fuels) in the 12-month period ending Feb. 18, which marks the end of the…
The government will allocate $6 billion to import essential goods at the subsidized rate of 42,000 rials per dollar in the first six months of the next Iranian year (starting March 21), says…
