The private sector plans to invest 9.5 trillion rials (about $310 million) in seven water and wastewater management projects across the country. The national water authority, known as ABFA, which…
Domestic Economy
Colse to 246 semi-finished government projects with 80% progress are set to be finalized by the end of the current Iranian year (ending March 21, 2015), vice-president for planning and strategic…
A member of the parliament’s civil construction committee says the best way to overcome the current stagnation in housing market is to continue reforming the so-called Mehr Housing Project.…
An agriculture expert says irrigation efficiency in Iran hardly reaches 30% where some 60 billion cubic meters of water is practically wasted every year.
“In developed countries, the…
Iran does not need more cooperatives as it has enough, said the minister of cooperatives, labor, and social welfare; calling on officials to try to “maximize productivity in the existing ones.”…
Only 20% of all auto-parts used in the production of the Renault Logan and Saipa Tiba cars are domestically manufactured, that is according to the Auto Parts Manufacturers Association.
Iran imported $113 million worth of yarn in the first quarter of this year (March 21-June 22), up by twofold in one year. According to the Association of Iranian Textile Industries, over $34…
The biggest formalin, or formaldehyde, manufacturing factory in Iran was inaugurated by the minister of industries, mines, and trade on Saturday in the northeastern city of Mashhad. The factory…
Ebrahim Dorosti, deputy head of Tehran Chamber of Guilds said on Monday that 75% of the cell phones in the market were smuggled into the country. He criticized the tariff imposed on cell phones as…
Trade between Iran and the P5+1 – the US, Britain, Germany, France, Russia, and China – continues as the two sides are involved in serious negotiations over Tehran’s nuclear energy program.
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Experts believe that the government will fail to combat the smuggling of goods if it does not get the private sector involved in the process.
"In order to eradicate smuggling, all…
According to a periodical report released by the Central Bank of Iran (CBI), eight of eleven main food groups have registered an annual point to point inflation of less than 10 percent, when…
In recent years inflation has increased sharply and non-oil growth is well below potential. Per capita income and living standards stalled as both domestic policies and international relations…
An Official report from the customs office said the country's red meat import during the first five months of the Iranian year (starting on March 21) has increased at least 250% compared to the…
The Iranian Fuel Conservation Company says the country plans to save up to $30 billion in energy bills by replacing old buses and taxis, shifting fuel for power plants from fossil fuels to natural…
The oil minister said the country would save up to 2.2 billion cubic meters of natural gas annually by supporting the production of high efficiency gas heaters. Bijan Namdar Zangeneh said gas…
A Russian veterinary delegation is in Iran to discuss the import of shrimp. The head of Iran's Fisheries Union, Arsalan Qasemi said shrimp production in the country has witnessed a 100% increase,…
Iran's Energy Ministry has announced the first micro hydroelectric complex aimed at optimizing consumption of energy, and promoting green production in Iran's industrial sector. The micro power…
The controversial housing project known as Maskan-e Mehr or Mehr Housing Program suffers from poor urban infrastructure, utilities and services, according to the deputy minister of roads and urban…
Iran's agribusiness faces a severe water shortage problem, so it's necessary to preserve its existing water resources to meet food demand, a senior advisor to agriculture minister said Saturday.…
President Hassan Rouhani's chief of staff has said the economy will reach the growth target of two percent by the end of this fiscal year (ending March 20, 2015).
Referring to reports that…
Ten million housing units are required to be built by 2022, an official in the ministry of housing and urban development announced on Saturday.
Iran's young population representing the…
