The government generated 1,445,000 jobs during the first six months of the current Iranian year (started March 20, 2016), according to Minister of Economic Affairs and Finance Ali Tayyebnia.The…
Domestic Economy
Members of the Iranian Parliament approved last week a ban on introducing “new” tax exemptions and discounts for the next five years.
The measure was proposed by the government as part of…
The confiscation of contraband medicine and cigarettes registered a fourfold and threefold rise respectively in the eight months to November 20, compared with the corresponding period of last…
The US Treasury Department unveiled new regulations on Dec. 22, which make it easier for pharmaceutical, medical device and agricultural sectors to more easily sell their products in the 80-…
The average goods and services Consumer Price Index for urban areas increased 7.2% in the 12-month period ending December 20, which marks the end of the Iranian month of Azar, compared with last…
Iran exported about 9.7 million tons of non-oil goods worth $4 billion to Iraq during the eight months to November 20, registering a 1.3% increase compared with last year’s corresponding period.…
Pakistan’s Minister of Commerce Khurram Dastgir Khan said he plans to visit Tehran on December 28-29 to discuss, among other things, a free trade agreement with Iran. “Overall, this upcoming visit…
The Islamic Republic of Iran Customs Administration has fined a South Korean home appliance manufacturer about 30 trillion rials ($750 million at market exchange rate) for violating Iran’s import…
Malaysia will embark on a free trade agreement talks with Iran to take advantage of the potential growth of bilateral business since trade sanctions against Tehran were lifted in January, said…
Warning: Big numbers ahead. You might also need a pen and a notebook to keep track of the baffling yet surprisingly huge figures that officials of the Ministry of Roads and Urban Development have…
The parliament voted to raise Iran’s sovereign wealth fund’s share of petroleum revenues to 30% for the sixth five-year development plan (2016-21), up from the previous 20%.
Based on the…
Cooperatives will be granted 100% waiver on penalties provided they pay their taxes by the end of the current Iranian year (March 20, 2017), the head of Iran’s National Tax Administration, Kamel…
Iran’s gross domestic product grew 7.4% during the first half of the current Iranian year (started March 20) compared with the corresponding period of last year, the Central Bank of Iran said in…
Iran exported 1,700 tons of non-oil goods valued at $7.7 million to Austria during the eight months to November 20, which indicates a 12% decline in value compared to last year’s corresponding…
The government’s tax revenues have grown by 25% in the first eight months of the current Iranian year (started March 20) compared with last year’s corresponding period, the head of National Tax…
The 13th International Exhibition of Advertising, Marketing and Related Industries will be held at Tehran’s International Exhibition Center on January 4-7.
The new members of Iranian National Committee of the International Chamber of Commerce were elected on Tuesday.
The Construction and Development of Transportation Infrastructures Company will lay out 591 kilometers of rail by the end of the current Iranian year (March 2017), says the company's deputy head,…
Iran's Ports and Maritime Organization signed 60 contracts worth 36 trillion rials (about $923 million at market exchange rate) with private sector companies on Monday.
Iran accounts for 29% of global exports of hand-woven carpets, the head of Iran Hand-Woven Carpet Producers’ Cooperatives Union, Abdollah Bahrami, said. The country exported about $167 million…
The government is kick-starting its winter borrowing to finance yearend spending. The Iranian fiscal year ends mid-March.
The administration is starting with Islamic Treasury Bills and…
Around 40,000 tons of eggs and 44,000 tons of chicken were exported from Iran over the eight months to November 21, 2016, an official with the Ministry of Agriculture said.
The exports were…
Today, the prosperity of a country’s economy has more to do with the commodities that are exported than the goods produced and consumed locally.
Iran exported some 6,000 tons of non-oil goods worth $17.7 million to France during the eight months to November 20, registering a 54% rise in value compared with last year’s corresponding period…
The 23rd International Exhibition of Printing, Packing and Related Machinery is scheduled to be held in Tehran’s International Exhibition Center on December 25-28.
