Domestic Economy

Zar-Kouh Mining Company in the western Kurdestan Province of Iran has launched a new gold mine, which is expected to add 3,000 kilograms to the country's total annual gold ingot output capacity…

Iran’s foreign trade stood at $24.6 billion during the first five months of the current fiscal year (March 20-Aug. 21), of which exports accounted for $10.9 billion and imports constituted $13.7…

President Hassan Rouhani has asked the Ministry of Economic Affairs and Finance to implement the legislation on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect…

The average goods and services Consumer Price Index of the transportation sector in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by 47.2%…

A total of $110 million worth of commodities were exported to Oman during the first four months of the current Iranian year (March 20-July 21), according to the secretary of Oman Affairs Bureau…

The Ministry of Industries, Mining and Trade's review of the first four months of the current Iranian year (March 20-July 21) shows that the output of 18 industrial and mineral products…

A total of 67 development projects worth 200 trillion rials ($865 million) are underway on Kish island. According to Ali Moqaddaszadeh, an official with Kish Free Trade Zone, these projects…

Reception halls have suffered losses for more than seven months now due to the Covid-19 pandemic and some 90% of them have gone bankrupt, according to the head of Reception Hall Owners Union. “…

APW Company’s factory, in which the Turkish side has invested a total of €40 million, was inaugurated on Monday in Qazvin Province’s Caspian Industrial Zone, during a ceremony attended by…

Iranian steel mills produced a total of 16.23 million tons of crude steel during the seven months to July 31 to register a 10.8% rise compared with the corresponding period of 2019, the latest…

Iranians have purchased 3,168 homes in Turkey during the first seven months of 2020, becoming the biggest foreign buyers of real estate in the neighboring country, figures released by the…

A total of 20,886 tons of handmade Persian carpets, kilim and gabbeh worth $82.58 million were exported from Iran to 57 countries during the first four months of the current Iranian year (March…

The private sector has so far invested a total of 158.2 trillion rials ($686 million) in Iranian ports, says the head of Ports and Maritime Organization. Mohammad Rastad added that 135.45…

A total of 56.5 trillion rials ($245.11 million) have been paid as part of coronavirus package from the National Development Fund of Iran, ISNA quoted Hamid Pour-Asghari, an official with the…

A giant copper mine in Kerman Province is expected to boost Iran’s annual copper concentrate output by 130,000 tons once it becomes operational in the next Iranian year (March 2021-22),…

The average goods and services Consumer Price Index of food and beverages in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by 22.4% compared with…

The average goods and services Consumer Price Index in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by 25.8% compared with the corresponding…

The Plan and Budget Organization held the first meeting of the so-called Headquarters for the Fiscal 2021-22 Budget on Saturday evening.  PBO chief, Mohammad Baqer Nobakht, and other…

This year’s seasonal ban on rice imports has been postponed and will come into effect on Sept. 22 instead of the previously announced date (July 22), according to the Islamic Republic of Iran…

Iran’s Ports and Maritime Organization is planning to build a new oceanic port on Makran Coast in the southern Hormozgan Province and has currently launched studies. 

The Ministry of Industries, Mining and Trade has lifted the 40,000-rial ($0.17) per kilogram duty on egg exports. According to Reza Torkashvand, the head of Producers of Egg-Laying Hens Union,…

Iranian coal mines had an aggregate output of 340,144 tons of coal concentrate during the first three months of the current Iranian year (March 20-June 20), latest data released by the Ministry…

A total of 48,000 tons of fruit juice and concentrates worth $38 million were exported from Iran to 35 countries during the first four months of the current Iranian year (March 20-July 21),…

Iran's nominal steel production capacity is set to increase to 42 million tons per annum by the end of the current fiscal year on March 20, 2020, the chairman of Iranian Mines and Mining…

Iran and the UAE are determined to expand business ties, despite their political disputes, the Iranian chairman of the two neighboring countries’ joint chamber of commerce says.