Domestic Economy

A total of 121,000 tons of seafood and related products worth over $390 were exported from Iran during the first 10 months of the last Iranian year (March 21, 2019-Jan. 20, 2020), the director…

The government will deposit the second round of its coronavirus aid into the bank accounts of the head of three million low-income families on Saturday.  “A special grant will also be made…

Floods that have swept the country since the beginning of the current Iranian year (March 20) have inflicted up to 9 trillion rials ($56 million) in losses on some 10,000 kilometers of roads…

A day after the release of the 2018-19 annual monitoring report by the Supreme Audit Court of Iran, the supervisory arm of the Iranian Parliament, President Hassan Rouhani dismissed some of its…

With a total of 1.83 million tons of exports in the last Iranian year that ended on March 19, 2020, and 158,920 tons in the 12th month (Feb. 20-March 19), Khouzestan Steel Company was Iran's…

Macaroni factories will purchase durum wheat from farmers directly this year at prices negotiated between the two sides.  Based on the agreement, factories will buy their wheat…

The Purchasing Managers' Index for the 12th month of last fiscal year (Feb. 20-March 19) settled at 42.48 from 56.14 in the preceding month (Jan. 21-Feb. 19), indicating a 13.66-point or 32.15%…

The consumption of red meat has seen a 60% decline following the outbreak of the new coronavirus and shutdown of restaurants and ceremony halls, among others, says the head of Iran’s Livestock…

Between 700 and 800 trucks carrying Iranian goods cross the Iraqi Kurdistan border from Iran per day, says the secretary-general of Iran-Iraq Chamber of Commerce, Hamid Hosseini, IBENA reported…

The Statistical Center of Iran has put labor force participation rate—the proportion of the population of ages 15 and above that is economically active either employed or looking for job—in the…

The International Monetary Fund predicts Iran's economy to bounce back to growth in 2021. In its latest World Economic Outlook report entitled "Chapter 1: The Great Lockdown", IMF expects the…

In separate letters to First Vice President Es’haq Jahangiri, the head of Plan and Budget Organization, Mohammad Baqer Nobakht, President’s Chief of Staff Mahmoud Vaezi and Vice President for…

Pakistan extended the closure of its border with Iran and Afghanistan for another two weeks due to the spread of coronavirus, according to a notification issued by the country’s Interior…

It is not a new thing to see different statistics provided by the Central Bank of Iran and the Statistical Center of Iran concerning the same economic indicator, the latest of which is the…

The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy tumbled to 31.39 for the 12th month of the last fiscal year (Feb. 20-March 19, 2020), indicating…

The biggest facemask production unit in Southwest Asia was inaugurated in Alborz Province, ISNA reported on Tuesday.  It has a production capacity of 3,000 respiratory masks and 100,000…

A total of 2,547 projects worth 116.17 trillion rials ($720 million) were implemented in Iran’s industrial parks and estates in the last fiscal year that ended on March 19, 2020, according to…

More than 9.62 million tons of finished and semi-finished steel products were exported from Iran during the first 11 months of last Iranian year (March 21, 2019-Feb. 19, 2020) to register a 35.…

Payam Special Economic Zone's fourth development phase has been launched on an area of 165 hectares.  According to Nader Sanagou-Motlaq, managing director of the economic zone, this is its…

Iran’s commercial exchanges with the US stood at $10.5 million during the first two months of 2020 to register a 22.09% rise compared with last year’s corresponding period. Latest data released…

The new coronavirus disease, also known as COVID-19, has inflicted 30 trillion rials ($187 million) in losses on hotels, the Iranian Hoteliers Association estimates. Hotels in Iran, in addition…

Rescue packages introduced in the US and European countries following the coronavirus outbreak are designed to make compliance with social-distancing order possible for people and business-…

The increase in consumer prices hit a 24-year high of 41.2% in the last fiscal year that ended on March 19, 2020.  The Central Bank of Iran's review of inflation rates through three…

The National Iranian Copper Industries Company’s sales totaled a record high of 227 trillion rials ($1.41 billion) in the last fiscal year that ended on March 19, 2020, to witness a staggering…

There has been a 50% decline in chicken consumption in Iran following the outbreak of the new coronavirus in the country, says the head of Tehran’s Union of Chicken and Fish Sellers. According…