Having attracted some $12.2 billion worth of foreign direct investment, Iran was the second biggest FDI destination in the Middle East and North Africa region in 2016, according to the latest…
Domestic Economy
The Economy Ministry has predicted that the average inflation rate in the rolling year to the end of the current Iranian month (June 21) will rise above 10%.
This will follow 11…
The Iranian sweets and chocolate industry is more than four decades old, which has grown considerably in recent years and become one of the most prosperous sectors of the Iranian economy.
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The US Treasury is reviewing licenses for Boeing and Airbus to sell aircraft to Iran, department head, Steven Mnuchin, said on Wednesday, telling lawmakers he would increase sanctions pressure on…
Iran and Syria signed an agreement in Damascus on Thursday to enhance economic cooperation.
A Syrian economic delegation led by Syrian Minister of Industry Ahmad al-Hamou is scheduled to…
The average goods and services Consumer Price Index for urban areas in the 12 months ending May 21, which marks the end of the Iranian month of Ordibehesht, reached 9.8% compared with last year’s…
Iran’s non-oil exports to South Korea saw a 230% rise in the last fiscal year (March 2016-17) compared with the year before to stand at $2.87 billion. The East Asian country became Iran’s fifth…
Export duties for sheep and goat unprocessed leather and pickled hide have been cut. The duty on raw sheep and goat leather has decreased from 50% to 30%. Sheep pickled hide export duties have…
Belarus and Iran have agreed on exchanging customs statistics on mutual trade, state-owned national news agency of the Republic of Belarus. A meeting between Chairman of Belarus’ State Customs…
The government plans to allocate 200 trillion rials ($5.3 billion) to prop up 10,000 enterprises in the current Fiscal year (March 2017-18), the chairman of Iran’s Small Industries and…
Shrimp production is estimated to increase by 43% to reach more than 30,000 tons in the current Iranian year (started March 21), the secretary-general of Seafood Exporters Union said.
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Minister of Economic Affairs and Finance Ali Tayyebnia said the least damaging way of financing government expenditure is taxation.
For the first time, Iran exported 200,000 tons of wheat flour in the last three months to regional countries and Europe, Deputy Agriculture Minister Ali Akbar Mehrfard was quoted as saying by Mehr…
The Health Ministry issued a directive to state hospitals over a decade ago obligating them to purchase domestic medical equipment, leading to a decrease in imports as a result, the head of Iran’s…
Iran Airports Company registered 42,230 takeoffs and landings in the first month of the current Iranian year (March 21-April 20), which shows a 10% rise compared with the similar period of the…
Trade between Iran and Austria stood at more than €377 million in 2016, indicating a 42.7% increase compared with 2015, Tehran Chamber of Commerce, Industries, Mines and Agriculture reported,…
The Islamic Republic of Iran Customs Administration has operationalized the pre-arrival value declaration system for imports.
The new regulation requires traders to supply customs…
About $164 million worth of hand-woven carpets were exported from Iran’s East Azarbaijan Province in the last Iranian year (ended March 20, 2017).
“With sanctions gone, we’re aiming to…
The goods and services Consumer Price Index for urban areas increased 7.1% in the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, compared with last year’s…
Following President Hassan Rouhani’s reelection this weekend, most people believe that Iran’s economy will be in a better position and the country open for international business, reads a…
Iran Agrofood 2017 opened at the Tehran International Fairground on Tuesday with the participation of about 1,500 companies from Iran and foreign countries.
Private investment in Iran's transportation infrastructures has grown 70% from the fiscal 20015-16 to reach 71 trillion rials ($1.9 billion) in the last Iranian year (ended March 20, 2017), a…
Close to 3,110 tons of sugar-free cocoa powder worth nearly $9.9 million were imported in the last Iranian year (ended March 20, 2017), according to data released by the Islamic Republic of Iran…
Iran Air hopes to earn $1-1.2 billion per year from ticket sales once all the planes it has ordered over the past few months from major planemakers are delivered.
The revenues will help the…
Close to 31,000 tons of oilseeds worth 860 million rials (more than $23 million) have been purchased from local farmers by the government in the current Iranian year (started March 21), the deputy…
