Domestic Economy

The Iranian economy experienced a 7% contraction in the fiscal 2019-20, the Statistical Center of Iran said in its latest report. According to the report, the GDP shrank by -0.6% without taking…

Desert locust, which invaded the southern provinces of Iran since Feb. 19, have been fought over 378,494 hectares so far, the spokesman of the Plant Protection Organization affiliated with the…

Iran’s output of home appliances increased by nearly 8% in the last Iranian year (March 2019-20), the deputy industries minister said. 

Two new iron ore processing plants are expected to come on stream by the end of the current Iranian month (May 21-June 20), according to managing director of Sangan Mineral and Industrial…

The World Bank expects Iran's economy to bounce back to growth in 2021 with 2.1% in GDP expansion after having experienced an estimated 5.3% contraction this year. In its June edition of Global…

A total of 14 trillion rials ($79 million) worth of investments have been made in the 175-kilometer-long Ardabil-Mianeh railroad project so far, according to the head of the Plan and Budget…

A total of 840,944 people have filed for unemployment benefits by June 8th, of whom 703,430 were found eligible, says, an official with the Ministry of Cooperatives, Labor and Social Welfare.…

The average Consumer Price Index of "health and treatment" group in the 12-month period ending May 20, which marks the end of the second Iranian month, grew by 24.8% compared with last year’s…

Two of Iran’s southern neighbors, namely Saudi Arabia and the UAE, are expanding their palm-groves, which can turn them into serious rivals to Iran’s international date market share, according…

The Ministry of Economy has proposed the abolition of the agriculture sector's tax exemption as part of its comprehensive Direct Tax Reform Bill.

Iran Airports Company registered a total of 23,223 takeoffs and landings during the first two months of the current Iranian year (March 20-May 20), which indicates a 62% decline compared with…

Minister of Roads and Urban Development Mohammad Eslami and his Turkmen counterpart Gandymov Rahim Nurgeldiyevich jointly inaugurated Sarakhs Transit Bridge on the border of two countries…

The government is offering a total of 9.4 trillion rials (53.4 million) as low interest loans (12%) to rail passenger transportation companies to help them get back on their feet after they…

More than 1.8 million tons of imported raw materials used in animal feed production were distributed among producers during the first two months of the current Iranian year (March 20-May 20),…

Iran’s storage capacity for strategic goods and grains has reached 21 million tons, says an official with Government Trading Corporation of Iran, a subsidiary of Agriculture Ministry. 

As per a memorandum of understanding recently signed between Iranian Municipalities Organization and Urban Regeneration Corporate Holding Company, affiliated to the Ministry of Roads and Urban…

Iranian heavyweight steel producers exported 809,665 tons of steel products, including beam, rebar, ingot, slab, hot- and cold-rolled coils, and coated coils, during the first two months of the…

Small- and medium-sized manufacturers located in industrial estates in Iran exported 2.4 billion worth of goods in the last fiscal year that ended on March 19, 2020, accounting for 5.8% of Iran'…

Manufacturers of carbonated soft drinks in Iran have witnessed a 30-40% decline in production in the current Iranian year (started March 20) over the shutdown of restaurants, ceremony halls and…

Cotton boll production is estimated to reach 260,000 tons in the current Iranian year (started March 20), from which about 80,000 tons of refined cotton are expected to be produced.  The…

Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to hold two specialized courses later this month. One titled "Customs Rules With Focus on Goods Clearance" is due to…

About $3.2 billion were invested in Iran’s mining and mineral industries during the last fiscal year (ended March 19, 2020) to register a 60% rise compared to the year before, says the…

The average Consumer Price Index utilities (water, electricity, natural gas, etc.) in the 12-month period ending May 20 increased by 23% compared with last year’s corresponding period. The CPI…

The Supreme Labor Council has agreed to raise workers’ housing allowance from 1 million rials ($5.6) to 3 million rials ($17), the cooperatives, labor and social welfare minister said.  “…

The Statistical Center of Iran has published an infographic based on the International Classification of Activities for Time Use Statistics (ICATUS 2016), illustrating a classification of all…