Domestic Economy

The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for the Iranian economy settled at 45.47 in the month ending July 21 from 48.41 in the month ending June 20,…

Touraj Dehqani Zanganeh will replace Ali Abedzadeh as the new head of the Civil Aviation Organization of Iran.  The new CEO was named in a Cabinet meeting chaired by President Hassan…

Milak border terminal in the southeastern Sistan-Baluchestan Province to the neighboring Afghanistan reopened on Thursday after a week of closure and over 70 Iranian truckers returned to the…

Iran-Oman Chamber of Commerce and the Arbitration Center of Iran Chamber of Commerce, Industries, Mines and Agriculture signed a memorandum of understanding on Thursday with the aim of easing a…

Hotel occupancy rate in Tehran currently stands at 5-15%, despite a 50% discount in prices, according to the head of Tehran’s Hotel and Apartment Hotel Owners Society. “Due to the outbreak of…

Chabahar Port and Afghanistan have signed a memorandum of understanding on Wednesday to expand cooperation in transportation, transit, investment and logistics.

Iranian parliamentarians approved revisions to Article 54 of Direct Tax Code on Wednesday, which would make several changes to vacancy tax with the aim of returning empty properties to use as…

Domestic production meets almost 40% of Iran's demand for stationery products, according to the CEO of Iranian-Islamic Stationery Association.

Iran’s 21 major ports handled 38.41 million tons of goods in  the first four months of the current fiscal year (March 20-July 21)  -- down 28.06% compared to same period last year.

The Middle East is more affected by the coronavirus than any other region in the world. The global economy is projected to shrink by 2% and the Middle East by 11%. 

Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration said some Afghan transportation companies and truckers have closed the return route of Iranian trucks at…

Small businesses account for 52% of the total number of industrial units and 45% of industrial jobs in Iran. As of April 19, 23,550 small enterprises across the country provided jobs for 451,…

The Statistical Center of Iran provides two figures for the youth unemployment rate: the proportion of the population between 15 and 24 years and those between 18 and 35 years.

Iran exported 35,740 tons of pistachio during the first four months of the current Iranian year (March 20-July 21), the head of Iran Pistachio Association said.  Hossein Rezaei added that…

The Ministry of Industries, Mining and Trade's review of the first quarter of the current Iranian year (March 20-June 20) shows that the output of 22 industrial and mineral products registered…

A total of 2,356 tons of flowers and ornamental plants worth $5.33 million were exported from Iran to 23 countries during the first three months of the current Iranian year (March 20-June 20),…

A 1,500-hectare shrimp farm, in which a total of 420 billion rials ($1.8 million) worth of public and private investments have been made, will be launched within the next three months in…

The underground economy and tax evasion in Iran have been estimated to average 37.7% and 3.5% of gross domestic product respectively in the fiscal 2017-8, an analytical research published by the…

The average annual Consumer Price Index for the communications sector in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 7.3% compared with the…

The 29th International Handmade Carpet Exhibition is scheduled for August 18-25 at Tehran’s International Fairground, according to the capital’s Industries, Mining and Trade Organization. Due…

A total of 8.86 million tons of essential goods worth $3.97 billion were imported into Iran during the first four months of the current fiscal year (March 20-July 21), registering a 0.41%…

The KTAI corridor, which has recently been launched following last week’s first successful TIR pilot operation from Shahid Rajaee Port in the southern Hormozgan Province to Kyrgyzstan, offers a…

The Producer Price Index for industrial-scale livestock farms (using 2011 as the base year) stood at 509.96 in the first quarter of the current Iranian year (March 20-June 20), indicating a 1.96…

A total of 6.07 billion cigarettes were produced in the first two months of the current Iranian year (March 20-May 20), indicating a 27.9% decline compared with the year before. 

Bank Maskan, the state agent bank of the housing sector, paid 73.17 trillion rials ($314 million) in loans during the first quarter of the current fiscal year (March 20-June 21).  The…