Domestic Economy

Iran was elected deputy head of the Council of Asia-Pacific Furniture Association (CAFA) for two years during the 20th annual forum of the council held in Tehran on December 14.

Iran’s market for dairy products witnessed a significant growth during 2011-15, on the back of increasing demand from across the country and shift in consumer preferences from unpacked dairy…

The parliament reached consensus on the outlines of the Sixth Five-Year Economic Development Plan (2016-21) on Sunday.

The five-year economic development plans are medium-term roadmaps…

Around 64.3 million tons of goods were loaded and unloaded in Hormozgan’s ports during the eight months to November 20, registering an 11% rise compared with last year’s corresponding period,…

The deal with French plane manufacturer Airbus for purchasing more than 100 jets will be finalized by Friday, Minister of Roads and Urban Development Abbas Akhoundi said. “The number of planes and…

Iran exported 615,500 tons of non-oil goods worth $355.1 million to Italy during the eight months ending November 20, registering a 12% decline in value compared with last year’s corresponding…

The Iranian Red Crescent Society considers the increase in budget allocated to the organization for the upcoming fiscal year (2017-18) as meager and insufficient.

The government has…

Stock options were unveiled for the first time on Tehran Stock Exchange on Sunday.

Options are contracts that allow you to buy the right to sell or buy a security or a commodity at a future…

Opponents of the nuclear deal, formally known as Joint Comprehensive Plan of Action, often claim that it has not borne any economic fruit for Iran.

Kellogg has reintroduced its breakfast cereals and snack brand Pringles into Iran.

The US food giant had sold the products in Iran before the imposition of sanctions on the country in 2012…

The Central Bank of Iran, in its latest report on the country's economic growth, said the gross domestic product during the first half of the current fiscal year (started March 20) grew 7.4%…

The biggest greenhouse in the south of Iran was launched on Thursday in Roudan County of Hormozgan Province, in a ceremony attended by Agriculture Minister Mahmoud Hojjati.

The greenhouse—…

Deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Pedram Soltani, has been elected to serve as a member of the General Council of the World Chambers Federation, which…

More than 360 cages have been set up in the Persian Gulf and the Sea of Oman in the south, and the Caspian Sea in the north, the agriculture minister said.

“We are planning to increase our…

Iran and Indonesia intend to reach $2 billion in bilateral trade next year, said Iran’s minister of communications and information technology. Mahmoud Vaezi was speaking at a joint economic forum…

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi met Turkish Minister of Economy Nihat Zeybekci in Istanbul on Thursday to negotiate revision of a preferential trade…

The entire domestic demand for coated paper, amounting to 40,000 tons annually, is supplied by imports.

Foreign products also meet 70% of the domestic need for cardboard that stands at 300,…

The investment of industries in sports may seem like a perfect solution for the problems facing football clubs, but in Iran the policy outcome shows otherwise.

National football clubs,…

Iran imports around $141 million worth of furniture every year while exports are minimal, said the deputy minister of industries, mining and trade. Ali Yazdani made the statement at the Ninth…

Iranian airlines have expressed interest in buying Russian Sukhoi Superjet 100 passenger jets.

Iran exported close to 1.8 million tons of non-oil goods valued at $707 million to Japan during the eight months to November 20. The value of exports in last year’s corresponding period stood at…

The Iranian Privatization Organization has cancelled the privatization deal of the Telecommunications Company of Iran, proclaimed as the largest selloff of its kind in the country, by blaming it…

Having produced nothing but halal food for a few decades, Iran has vast potential for exports, though it holds a negligible share in the massive international halal market.

About $8.8 million worth of mushrooms were exported in the last Iranian year (March 2015-16), indicating a 57% increase compared with a year before.

The Persian daily Forsat-e-Emrouz cited…

The cosmetics and personal hygiene products manufacturing sector accounts for 14% of the employment in Iran’s industries, according to Mehdi Sadeqi Niyaraki, an official with the Ministry of…