Iran exported $13.37 billion worth of non-oil goods to its 15 neighboring countries during the first eight months of the current Iranian year (March 20-Nov. 20), more than $8.57 billion of which…
Domestic Economy
The average goods and services Consumer Price Index of “leisure and culture” in the 12-month period ending Nov. 20, which marks the end of the eighth Iranian month, increased by 32.9% compared…
As per the fiscal 2021-22 budget bill, the government is expecting to sell 2.3 million barrels of oil per day, the same level the country used to sell in the year ending March 2018, before the…
Bank Maskan, the state agent bank of Iran’s housing sector, paid 112,160 billion rials ($430 million) in construction and home loans during the eight months to Nov. 20.
With the manufacture of rail monoblock wheels and wagon breaks by local companies, Iran became 100% self-sufficient in producing cargo wagons, according to the minister of roads and urban…
Latest data released by IMIDRO show that Mobarakeh Steel Company produced 6.68 million tons of semi-finished steel products during the first eight months of the current fiscal year (started…
About 1,000 small- and medium-sized industrial units located in Iran’s industrial parks and estates have been revived since the beginning of the current fiscal year (March 20), according to Iran…
A total of 24.7 million tons of horticultural products are expected to be produced in Iran’s orchards in the current Iranian year (March 2020-21), more than 11.5 million tons of which will be…
The average goods and services Consumer Price Index of “furniture, home appliances and their maintenance” in the 12-month period ending Nov. 20, which marks the end of the eighth Iranian month,…
The Islamic Republic of Iran Customs Administration has become an observer member state of World Free Zones Organization.
Iran’s economic growth (using 2011 as the base year) turned from negative to positive in the first half of the current fiscal year (March 20-Sept. 21), the governor of the Central Bank of Iran,…
The government’s budget deficit (the excess of spending over revenue) is estimated to reach 3,190 trillion rials ($12.26 billion) as per the budget bill of next fiscal year (March 2021-22), i.e…
The economically active population, including employed and unemployed people, reduced by 1.62 million in the second quarter of the current fiscal year (June 21-Sept. 21), indicating a 3.1%…
The Ministry of Industries, Mining and Trade's review of the first seven months of the current Iranian year (March 20-Oct. 21) shows that 17 products (out of 29 under review) saw growth during…
The Ministry of Roads and Urban Development dismisses the advertisement of package tours to Turkey offering Covid-19 vaccination as false and deceptive, the deputy minister of roads and urban…
The nationals of 103 countries will be exempt from requiring entry visas into Oman for a period of 10 days, according to an announcement reported by the sultanate’s state-run news agency.…
A total of 2.6 million tons of rice have been produced on more than 800,000 hectares of paddy fields across the country this year, showing a 10.34% decline compared with last year’s output,…
Mobarakeh Steel Company, the largest steel company in Iran and the wider Middle East and North Africa region, produced 201,429 tons and registered a 73% increase in exports during the eighth…
Thirty-five percent of the resources estimated for the implementation of the Targeted Subsidies Law were not realized in the eight months to Nov. 20 due to the decline in oil revenues and lower…
The government has allocated 3,536 trillion rials ($13.7 billion) in the spending package for Iran’s 31 provinces as per the budget bill for the next fiscal year (March 2021-22), of which 2,896…
Iran is home to 134 chicken hatcheries, of which 120 are active and 14 inactive, a new report by the Statistical Center of Iran shows. The northern Mazandaran and Gilan provinces have the…
Trade between Iran and 27 member states of European Union stood at $3.54 billion during the first eight months of the current Iranian year (March 20-Nov. 20), indicating a 23.5% decline compared…
The railroad connecting Iran and Afghanistan was inaugurated by Iranian President Hassan Rouhani and his Afghan counterpart Ashraf Ghani on Thursday via videoconference. “Today marks an…
A total of 2.72 quadrillion rials ($10.66 billion) worth of investment were made in industrial units with establishment permits, while projects with operating licenses are estimated to have…
IranAir, the country’s national flag carrier airline, will operate once-weekly round-trip flights from Tehran to Ankara, after they have been suspended for months due to the outbreak of…
