Plans are underway to expand Aras industrial site on Iran-Armenia border, Akbar Torkan, the presidential chief advisor and secretary of the Council of Iran’s Free Trade, Industrial and Special…
Domestic Economy
About 1.3 thousand tons of cigarettes, worth $9.6 million, have been imported in the months of Azar (November 21-December21), accounting for 0.23 percent of the country’s total import in this…
About 5.9 million tons of different essential commodities were imported to the country during the first nine months of the current year, Deputy Minister of Agriculture Ali Ghanbari said on Sunday…
Global demand for bitumen is expected to reach 137 million tons by 2020, growing at an annual rate of 2.7% from 2014 to 2020. This level of increase in demand arises largely from the rapid growth…
Minister of finance and economic affairs, Ali Tayebnia, on Saturday called for taking necessary measures towards empowering the private sector saying the government's domineering role is the…
High-tech industrial production has experienced a decline over the past years, despite the growth in other industrial sectors, a report released by Iran’s Islamic Parliament Research Center said.…
The manufacturing sector experienced nearly four percent growth in the first eight months of the current Iranian calendar year (to end March 20), according to statistics released by the Central…
About 400 thousand heads of livestock have been exported in the current fiscal year (ending March 20) and plans are underway to increase the rate to one million heads in less than a year, Karamali…
Japan is ready to share its technical and engineering knowledge with Iranian industrialists, Japanese Ambassador to Tehran Kuji Hunda said in a meeting with Valliollah Afkhamirad, the head of…
Free zones should turn into the country’s export and production hubs, Presidential Advisor and Secretary of the High Council of Free Zones Akbar Torkan said in New Delhi on Saturday. He expressed…
Iran-China trade rose 35 percent in 2014 and stood at $52 billion in value, Abbas Khaleghi Tababr, an official with the ministry of industry, mine, and trade said. As ISNA reported on Saturday,…
Just as development projects in national oil and gas sectors are struggling with lack of funding, the monthly payment of 1.35 billion dollars (based on official exchange rate) for cash subsidies,…
During the first nine months of this year (March 21-December 21), more than 134.5 thousand tons of pistachio, worth above $1.2 billion, have been exported, which registers 75 percent rise compared…
Kazakhstan is poised to commence its preferential trade with Iran, Vallyollah Afkhamirad, the head of Trade Promotion Organization (TPO), said after visiting Emiriev Baghdad Kultaovich, the Kazakh…
Iran has taken over the presidency of the Group 77 (G77) in the Food and Agriculture Organization of the United Nations (FAO). The chairmanship was transferred from Cameroon to Iran in…
Thirteen million dollars worth of handmade carpet have been manufactured and exported from West Azarbaijan Province since the beginning of the current fiscal year, Asad Darvishi, head of the…
Top officials from Iran and Turkey signed a memorandum of understanding (MOU) aimed at facilitating trade between the two countries as well as ending a three-months-long dispute over truck transit…
Iran has been bearing losses of about $2.5 billion per month ever since the international oil price plummeted by more than 56 percent from its peak of $114 per barrel in June last year to…
Minister of Finance and Economic Affairs, Ali Tayebnia, announced on Thursday that the administration is going to lower the oil price assumption in the next year’s budget to $40 per barrel in an…
Following the collapse of negotiations between the Iranian ministry of road and urban development and the Turkish government, Energy Minister Mahmud Va’ezi left Tehran for Ankara on Tauesday in…
High tariff rates as well as bans imposed on the import of certain commodities are the root cause of smuggling in the country, Mojtaba Khosrowtaj, deputy minister of industry, mine and trade, said…
On an official trip to the southern province of Bushehr, President Hassan Rouhani on Wednesday launched a project for the construction of a long-awaited seaport in Negin Island, as part of the…
The money supply was growing at an extreme pace and the rate of economic growth was falling, but despite these concerning economic facts, banks (both public and private) were still forced by…
The administration is planning to support the export of domestically produced dates, Mahmud Hojjati, the minister of agricultural Jihad said in Bushehr on Wednesday. About one million tons of…
Iranians chew 5 trillion rials ($147 million at market exchange rate) worth of gum every year, 83 percent of which is imported. This makes Iran the world’s largest consumer of chewing gum, IRNA…
