China signed a contract with Iran to finance the electrification of a 926-km railroad from Tehran to the eastern city of Mashhad in Khorasan Razavi Province with a $1.5 billion loan.
Domestic Economy
Only less than 3% of Iranians are consumers of bottled water and that’s because 95% of the population have access to tap water, the secretary of Iran’s Mineral and Bottled Water Association said…
A ceremony is scheduled to be held at the headquarters of Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on July 30 to celebrate the record high production of sugar in the…
The Industrial Development and Renovation Organization of Iran is due to manufacture helicopters for civilian use in cooperation with a Russian company.
“IDRO has signed a contract with the…
More than 405,000 tons of cargo were transited via Iranian railroads during the first four months of the current fiscal year (March 21-July 22), indicating a 44% rise compared with the similar…
The goods and services Consumer Price Index for urban areas increased by 7.6% in the 12-month period ending July 22, which marks the end of the fourth Iranian month, compared with last year’s…
The government of President Hassan Rouhani and Khatam al-Anbiya Construction Headquarters, an engineering conglomerate affiliated to the Islamic Revolution Guards Corps, have reached an agreement…
French company Alstom is entering a joint venture with two Iranian companies to manufacture 1,000 subway wagons in three years.
Fruit smuggling has declined by 90% since the fiscal 2013-14 when Hassan Rouhani first took office as Iran’s president, according to the managing director of Iran’s Confiscated Assets…
The information and communication technologies sector in Iran is, and expected to remain, one of the largest employers in the country. ICT is not only one of the fastest growing industries, but it…
Iran’s exports to Russia are slowly gaining momentum after a declining trend that saw the value of Iranian shipments to the northern neighbor declining from about half a billion dollars in the…
Mobarakeh Steel Company has begun the production of carbon steel plates used in the production of fuel tanks for the first time in Iran, MSC’s manager for metallurgy and production affairs said.…
About 70% of the domestic demand for sports equipment are supplied by imports, the head of Producers and Sellers of Sports Equipment Union said.
Morteza Haqparast added that the machinery…
South Korean and Iranian private sector companies signed 10 memoranda of understanding on technology transfer on Sunday.
More than 690,000 tons of different kinds of pulses were produced in Iran in the last fiscal year (ended March 20, 2017), a deputy agriculture minister said.
Abbas Keshavarz also said the…
The latest report published by London-based provider of strategic market research Euromonitor International titled “Economy, Finance and Trade: Iran” focuses on one of the Middle East’s largest…
The animal feed industry in Iran got off the ground around 64 years ago concurrent with the industrialization of animal husbandry and poultry farming in the country.
The first phase of one of Iran’s biggest cage fish farming projects was launched during a ceremony in Bushehr Province on Saturday.
At present there is no trade between Iran and Saudi Arabia, the head of Trade Promotion Organization of Iran said.
Due to the shortage of water resources in Iran, expansion of area under agricultural cultivation is not an option, a deputy agriculture minister said. We need to focus on increasing farmlands. One…
Dismissing rumors of an imminent rise in the prices of home appliances, Chairman of Iran’s Home Appliances Association Mohammad Tahanpour said high rents and increased production costs have…
Less than 5 billion cubic meters of water are annually used in the cultivation of all of Iran’s exported agricultural products, a deputy agriculture minister said.
The use of up-to-date software and hardware technologies has dramatically helped the Islamic Republic of Iran Customs Administration revolutionize the processes and services involved in trade,…
Cargo handling capacity in Iranian ports increased 17% during the administration of President Hassan Rouhani, the head of Iran Ports and Maritime Organization said, adding that port capacity…
Some 300,000 tons of dairy products were exported from Iran during the first three months of the current fiscal year (March 21-June 21), registering a 70% increase compared with the…
