Domestic Economy

  • 32% Rise in Paper Production
    A total of 770,000 tons of paper, including newsprint, book paper, tissue, packaging paper and cardboard, were produced in Iran in the last fiscal year (March 2017-18), registering a 32% rise...
  • Non-Oil Export Production Units Witness 37% Rise
    A total of 11,000 production units are engaged in non-oil exports in the last fiscal year (March 2017-18), marking a rise of 37% compared with close to 8,000 units the year before, thes deputy...
  • Iran Air established its office in Doha nearly 50 years ago.
    Iran Air, the country’s flag carrier, announced plans to increase its weekly flights to Qatari capital Doha from May 1, to meet the growing demand for flights to Qatar and in line with the...
  • Iran-EU Trade Hit €3.7b
    Iran traded €3.74 billion worth of commodities with the 28 members of the European Union during the first two months of 2018 to register a 17.4% year-on-year growth, Eurostat data shared with the...
  • Garmsar-Incheh Borun Railroad Electrification Awaits Funds
    The project to electrify the 430-kilometer-long Garmsar-Sari-Gorgan-Incheh Borun Railroad will kick off in the current Iranian year (started March 21), the deputy head of the Islamic Republic of...
  • Deputy Minister of Roads and Urban Development Mehrdad Taqizadeh said 700 out of 1,000 speed cameras on Iranian roads are point-to-point ones that automatically track speeders based on the amount...
  • Exports From Bushehr Hit $15b
    About 37.8 million tons of commodities worth $15.08 billion were exported from Bushehr Province in southern Iran during the last fiscal year (March 2017-18), the head of Bushehr Industries, Mining...
  • Hamid Kargar
    India is currently posing the main challenge to Persian hand-woven carpets, as the country has captured part of the world markets previously dominated by Iran, the chairman of Iran National Carpet...
  • The Central Bank of Iran calculates IPI using data on large industrial units with 100 workers or more operating in 24 industries.
    Most Iranian industries were on the path to growth during the three quarters of the previous fiscal year, but only a few accelerated enough to put recession behind them, according to the latest...
  • Trade between Iran and Jordan stands at $180 million per year, with Iran accounting for more than 80% of the sum.  However, the Arab country has set high import tariffs for Iranian products,...
  • Minister of Industries, Mining and Trade Mohammad Shariatmadari (C) inaugurated the second production phase of Parla Textile Company in Tabriz on April 24.
    The second production phase of Parla Textile Company was inaugurated by Minister of Industries, Mining and Trade Mohammad Shariatmadari last week. Located in Tabriz, Parla Textile Company operates...
  • Non-Oil Trade With France Grows Over 80%
    Iran traded $1.8 billion worth of non-oil goods with France in the last Iranian year (ended March 20, 2018), which were 81.84% more compared to the year before, making the European country Iran’s...
  • Trade With Pakistan  Hits $1.3b
    Iran’s commercial exchanges with Pakistan reached $1.3 billion during the last fiscal year (March 2017-18), marking a rise of close to 15% compared to the year before, Iran’s ambassador to Pakistan...
  • India Eyes Preferential Trade Deal With Iran
    Keeping its promise to Iranian President Hassan Rouhani during his visit in February, the Indian government has started examining the feasibility of a preferential trade agreement with the Islamic...
  • Millet Imports  at Over $10m
    Close to 26,580 tons of millet worth over 361.57 billion rials ($10.6 million) were imported in the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs...
  • No Pay Rise for Officials, Executives  This Year
    Top government officials, managing directors, members of the board of directors, provincial governors, as well as mayors and city councilors of provincial capitals will not receive a pay rise in...
  • Letters of intent were signed between Sukhoi Civil Aircraft Company and two Iranian airlines on the sidelines of Turkey’s Eurasia Airshow for the purchase of 20 Superjet 100 each on April 26.
    Iran Aseman and Iran Air Tours signed letters of intent on Thursday with Sukhoi Civil Aircraft Company at Turkey’s Eurasia Airshow, calling for the delivery of a customized version of the Superjet...
  • Skopje Hosts Iran-Macedonia Business Forum
    A forum between Iranian and Macedonian businesspeople was held in Skopje on Thursday.  The Iranian side was led by Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture...
  • Iran Foreign Trade Rises 12% to $5.6b (March-April 2018)
    Iran’s non-oil foreign trade in the first month of the current fiscal year (March 21-April 20) stood at $5.66 billion, indicating a 12% rise compared with last year’s corresponding period. Non-oil...
  • Pensions Account for Biggest Share of Treasury Payments
    Payments to the Civil Servants Pension Organization accounted for the biggest part of the government’s expenditure in the first month of the current Iranian year (March 21-April 20).  The fund has...
  • 5% Decline in Airports Traffic
    Iran Airports Company registered 33,651 takeoffs and landings during the Iranian month ending March 20, 2018, which shows a 5% decline compared with last year’s corresponding period. Close to 4.07...
  • China remains Iran’s biggest trading partner.
    Some 100 trillion rials (over $2.38 billion) worth of confiscated contraband are being kept in warehouses, the fate of which has not been decided, the head of Majlis Industries and Mining...
  • Discounts on PMO Service Charges
    In pursuit of the new Iranian year’s national goal, “Support for Iranian Products”, as well as improving the competitiveness of Iranian ports and non-oil exports, the Ports and Maritime...
  • CBI Puts  Inflation  at 9.2%
    The average goods and services Consumer Price Index for urban areas in the 12 months ending April 20, which marks the end of the first Iranian month of Farvardin, increased by 9.2% compared with...
  •  The INSTC Friendship Motor Rally has been jointly organized by Iranian and Indian entities.
    Drivers from Iran, India, Russia and Azerbaijan will participate in the International North-South Transport Corridor Friendship Motor Rally to help promote the corridor to their respective nations...

Pages

Financialtribune.com