Deputy Agriculture Minister Ali Akbar Mehrfard said trade deficit in the agriculture sector has narrowed by $220 million to stand at $1.5 billion in the first half of the current Iranian year (…
Domestic Economy
According to the latest figures released by the Statistical Center of Iran, the unemployment rate in the first quarter of the current Iranian year (started March 20) showed a 1.4% increase…
Over 1.65 million tons of goods worth $452.9 million were exported from Kermanshah Province in the first half of the current Iranian year (March 20-September 21), indicating a 3% rise in value…
Iran exported $58.5 million worth of commodities to the United States from January to August. The Islamic Republic had no exports to the US during last year’s corresponding period, the US Census…
The government’s ban on rice imports, which has been in place since July 21, will be lifted as of November 21, the deputy head of Government Trading Corporation, Hassam Abbasi Maroufan as saying.…
Iranian Minister of Economic Affairs and Finance Ali Tayyebnia left Tehran for Washington DC on Thursday to attend the World Bank’s annual meetings. Accompanied by a number of officials of…
Exports to Iraq through Mehran’s international border—located in the west of Ilam Province—amounted to $290.5 million in the first half of the current Iranian year (started March 20), showing a 5…
With last year’s historic nuclear deal lifting some western sanctions on Iran, Japanese companies are tiptoeing back to the Middle Eastern country, torn between the lure of business opportunities…
A bipartisan group of US lawmakers is pressing the White House to oppose Iran’s bid to join the World Trade Organization, citing concern that admission could constrain US ability to impose future…
Vietnam and Iran have pledged to further political relations and expand bilateral trade from the current $390 million to $2 billion a year.
The agreement was reached during the visit of…
German and Chinese banks have provided €400 million in loan to finance deals between Iran and Siemens to jointly manufacture wagons and locomotives in the Islamic Republic, says a deputy roads…
American aircraft maker Boeing is making progress on a deal to provide more than 100 commercial airplanes to Iran, though none will be delivered in 2016, the company’s top executive said on…
Iran will import around 3,000 tons of meat from Armenia and Mongolia to meet the demand for this product during the lunar month of Muharram (started October 3), ISNA quoted Deputy Agriculture…
Managing Director of Government Trading Corporation of Iran Ali Qanbari said about 3 million tons of wheat in excess of the country’s need will be exported to neighboring countries in the near…
The 16th Tehran International Industry Exhibition, otherwise known as TIIE 2016, opened at Tehran’s International Permanent Fairgrounds on Wednesday. The four-day event hosts 406 domestic and 527…
About 90,000 billion rials ($2.5 billion at market exchange rates) will be invested in port projects and infrastructure this year (March 2016-17), says Deputy Minister of Roads and Urban…
Minister of Roads and Urban Development Abbas Akhoundi appointed Mehrdad Taqizadeh Behjati as his deputy for transportation affairs and the new head of Construction and Development of…
Construction noises are rumbling these days from a vast site in the Iranian capital where the city’s latest megamall is taking shape.
Iran is signing joint venture agreements with international companies to start manufacturing train wagons in Iran to meet its railroad expansion needs and reduce reliance on imports.
French cosmetics retailer Sephora will postpone the opening of several retail outlets in Iran to end-2017 from 2016 as initially planned because the right financial and political conditions are…
Close to 20.7 million tons of non-oil goods were exported from Bushehr Province’s customs offices in southern Iran during the first half of the current Iranian year (started March 20), registering…
Of the 13.2 million tons of imports worth almost $16.7 billion during the five months of the current Iranian year (started March 20), more than 20% constituted capital goods worth $3.4 billion, a…
Totally 2,431 closed industrial units, which employed 46,000 people, have been revived from July 23, 2013—when President Rouhani took office—to July 21, 2016, the head of Iran Small Industries and…
The five-day Omani Products Exhibition dubbed OPEX concluded last week in Tehran, helping Iranian investors and traders take stock of business opportunities in the Persian Gulf state.
Iran’s motor oil exports stood at more than $960 million during the first five months of the current Iranian year (started March 20), according to an official with Iran Trade Promotion…
