Indian companies have chosen Pakistani ports over Iran’s Chabahar Port for transporting goods to Afghanistan, despite age-old political conflicts between New Delhi and Islamabad, says the head…
Domestic Economy
Iran’s special economic conditions and its government’s misguided policies in recent years have given rise to deal-making and all-round middlemanship. The economy has now transformed into…
The average goods and services Consumer Price Index in the 12-month period ending Feb. 19, which marks the end of the 11th month of the current Iranian year increased by 54.2% compared with last…
The latest data on Tehran’s housing market released by the Central Bank of Iran show prices are stabilizing as sales decline. During the 11th fiscal month (Jan. 21-Feb. 19), a total of 8,532…
Iran's foreign trade, excluding crude oil exports, stood at 149.4 million tons worth $90 billion during the current Iranian year’s first 11 months (March 21, 2021-Feb. 19), registering a 12% and…
Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 6.34 million tons worth $2.78 billion during the current fiscal year’s first 10 months (March 21, 2021-Jan.…
Statistics released by Iran Airports Company show the aviation sector is recovering from heavy losses suffered since the outbreak of Covid-19.
The Iranian Parliament has recently decided that businesses located in the country’s free trade zones should pay value-added tax. Secretary of the High Council of Free Trade Zones and…
Iran's apparent steel usage registered a decline in the current Iranian year’s first 10 months (March 21, 2021-Jan. 20) compared with last year's corresponding period. Apparent steel usage is…
Major producers of aluminum in Iran have registered a 24% rise in output. According to the latest data released by the Iranian Mines and Mining Industries Development and Renovation…
A total of 6.2 million tons of wheat were imported into Iran during the current fiscal year’s first 11 months (March 21, 2021-Feb. 19), according to director general of Sales and Distribution…
Iran’s trade with member states of the Eurasian Economic Union stood at $4.63 billion during the first 10 months of the current Iranian year (March 21, 2021-Jan. 20), registering a 71% growth…
Economist Morad Rahdari has criticized the neglectful approach toward the business environment in an article for the Persian daily Shargh. A translation of the text follows:
The Ministry of Industries, Mining and Trade's review of the current Iranian year’s first nine months (March 21-Dec. 21) shows the output of six mineral products (out of 12 under review)…
The average goods and services Consumer Price Index of “clothing and shoes” in the 12-month period ending Feb. 19 increased by 51.9% compared with last year’s corresponding period. With a…
Smuggled products constitute around $2 billion or 25% of Iran’s annual apparel market, according to the secretary of Textile and Apparel Producers and Exporters Union.
An economic crisis is not similar to a cardiac arrest or stroke because basically it is not accidental; it is the culmination of a process.
Iran and the European Union’s 27 member states traded €4.86 billion worth of goods in 2021, registering a 9.09% growth compared with the year before. Bilateral trade grew by 20.07% in December…
Iranians have proposed the idea of building what would be the world’s longest tunnel, providing it with a physical connection to Qatar across the waters of the Persian Gulf.
Iran and Syria signed on Monday a memorandum of understanding on bilateral cooperation in the fields of administrative affairs and employment.
More than 7.5 million tons of foreign goods were transited through Iranian roads during the first 10 months of the current Iranian year (March 21, 2021-Jan. 20), registering a 103% rise compared…
Iran traded 50.04 million tons of goods worth $25.32 billion with Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, during the current fiscal year’s…
New data released by the Statistical Center of Iran show the annualized inflation has maintained its monthly downtrend after registering a high of 45.4% in the month ending Oct. 22.
Thanks to the strategic importance of copper in the future of world economy, investment in the industry has a bright outlook, says managing director of the National Iranian Copper Industries…
Despite the significance of the UAE in Iran’s foreign trade, the two countries have yet to forge an agreement to avail themselves of preferential trade tariffs, says Farshid Farzanegan, former…
