Domestic Economy

A total of $140 million worth of horticultural products were exported from the northern Mazandaran Province during the first nine months of the current Iranian year (March 20-Dec. 20, 2020).…

Iran currently imports close to $100 million worth of raw materials, spare parts and equipment to manufacture elevators per year, which is half the amount imported in the fiscal 2018-19,…

The number of Afghan migrants returning home from Iran hit an unprecedented high of 800,109 during the first 11 months of 2020.  According to a report by Fars News Agency quoting the…

Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans, has put forth a bill that would reduce tax on…

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first nine months of the current fiscal year (March 20-Dec. 20…

Turkish Airlines will resume Istanbul-Mashhad flights as of Jan. 24 after an 11-month hiatus due to the new coronavirus pandemic, says Hassan Jafari, director general of Mashhad Hasheminejad…

Tehran’s housing Consumer Price Index in the 12-month period ending Dec. 20, 2020, which marks the end of the ninth Iranian month, increased by 68.2% compared with the corresponding period of…

The Iran-EEU Economic Diplomacy Forum is scheduled for January 27.  The event is organized by Tehran Chamber of Commerce, Industries, Mines and Agriculture and the Persian Gulf Studies…

Iran and Turkey exchanged $335.06 million worth of goods and commodities in November 2020, marking an increase in monthly trade for the second successive month.  According to the latest…

The Purchasing Managers’ Index for industries during the ninth month of the current fiscal year (Nov. 21-Dec. 20) settled at 49.30 from 47.63 in the preceding month (Oct. 22-Nov. 20), indicating…

With production worth 2.5 quadrillion rials ($10 billion) per year, Iran’s food industry accounts for around 10% of the country’s overall industrial output, according to deputy minister of…

More than 80,960 billion rials ($324 million) worth of loans have been paid to the applicants of the government’s coronavirus relief package for businesses hurt by the outbreak of coronavirus…

A total of 403,000 tons of apples worth $764 million were exported from Iran during the first nine months of the current Iranian year (March 20-Dec. 20, 2020), registering a 34% and 60% growth…

A total of 36,200 tons of red meat were produced in Iran during the month ending Dec. 20 to register a 27% rise compared with the similar month of last year and a 3.5% month-on-month decline.…

A total of 9.2 tons of facemasks worth $206,000 were exported from Iran to nine countries during the first eight months of the current Iranian year (March 20-Nov. 20, 2020), data released by…

The parliaments of Afghanistan and Iran have approved an agreement on the international rail link that will pave the way for a new railroad border between the two neighboring states.

A total of 585,038 tons of commodities were exported from the northern Gilan Province’s Astara land border during the first nine months of the current Iranian year (March 20-Dec. 20), which…

Transportation expenses of urban households have tripled in the last seven years from 12 million rials ($48) in the Iranian year ending March 2013 to 37 million rials ($148) in the year ending…

The Education and Human Resources Institute, affiliated with Tehran Chamber of Commerce, Industries, Mines and Agriculture is scheduled to hold two specialized courses, one on exports and the…

A total of 804,000 tons of commodities worth $1.69 billion were exported from West Azarbaijan Province during the first nine months of the current Iranian year (March 20-Dec. 20, 2020) to…

Imports of livestock and poultry feed saw a 5% decline in weight and a 7% decrease in value to reach 11.3 million tons worth $3.33 billion in nine months to Dec. 20.  

After nearly a year of being closed to stop the spread of Covid-19, reception halls have been finally permitted to reopen doors.  According to Khosro Ebrahimnia, the head of Reception Hall…

Airline companies’ debts to Tehran’s Mehrabad International Airport amount to 5,100 billion rials ($20 million), the director general of the airport said. 

Iran Chamber of Commerce, Industry, Mines and Agriculture hosted a gathering of experts and officials to mark the 24th National Export Day on Monday.

Natural gas waste in Iran’s national grid is three times higher than the global average. A report from the National Iranian Gas Company Dispatching Department says close to 26 billion cubic…