Domestic Economy

A preferential trade agreement between Iran and India is expected to be signed by the yearend, as talks have entered “final phase”, says Iranian Ambassador to India Ali Chegeni.  “The…

Insurance companies’ lack of accountability in making pharmaceutical payments is one of the main problems afflicting pharmacies, a board member of Iran Pharmacist Association said. 

Iran’s private sector invested 2.68 trillion rials ($24.2 million) in Payam Special Economic Zone & Payam International Airport in Karaj, the central city of Alborz Province, during the five…

Iran plans to launch air taxi services, says the head of Iran Airports Company, Siavash Amir-Mokri. According to the official, since many airports in Iran are operating below capacity due to…

Iran Road Maintenance and Transportation Organization will offer non-monetary incentives to investors interested in setting up roadside convenience stores, says director general of Investment…

The tax-to-GDP ratio rose from 5% in 2013-14 to 6% in 2018-19, indicating a 20% growth, according to a report released by the Plan and Budget Organization. The announcement was made on the…

The Statistical Center of Iran has published its latest report on price changes of food products during the fifth month of the current Iranian year (March 21-Aug. 22).

Iran's Varesh Airlines is scheduled to launch the Mashhad-Tehran-Tajikistan (and return) flight on Sept. 2, says the managing director of Imam Khomeini Airport City Company. “The connecting…

A total of 67,900 billion rials ($611.71 million) have been invested in Iran's free trade zones in the last fiscal year (ended March 20, 2019), indicating a 40% growth compared with the previous…

Ilam Province’s goods and services Consumer Price Index registered an increase of 54.8% during the fifth month of the current Iranian year (July 23-Aug. 22) compared with the similar month of…

Esfahan Steel Company is currently operating at around half its nominal production capacity and needs about 6.5 million tons of iron ore lumps and metallic materials to operate at full capacity…

In its latest report, Majlis Research Center, the influential research arm of the Iranian Parliament, has singled out a set of potential deterrents to poverty reduction in Iran’s economy.…

Iran produced 16.65 million tons of direct-reduced iron during the seven months of 2019 (January to July) to register a 16.3% growth compared to the corresponding period of 2018, the latest…

A total of 11 million tons of essential goods have been imported via Iranian ports in the first five months of the current Iranian year (March 21-Aug. 22), an official with Ports and Maritime…

Iranian steel mills produced a total of 14.98 million tons of crude steel during the first seven months of 2019, which indicate a 6.4% rise compared with the corresponding period of 2018, the…

More than 98,479 tons of fresh tea leaves have so far been purchased by the government from local farmers for 2.78 trillion rials ($23.96 million), which shows a 15% rise compared with the…

Iranian households living in urban areas spent an average of 393,227,000 rials ($3,389) in the last Iranian year (March 2018-19), 19.3% more than in the preceding year, the latest report by the…

A total of 18 billion cigarettes were produced in Iran during the first four months of the current fiscal year (started March 21), registering a more than 42% growth compared with the…

A total of $580 million worth of handicrafts were exported from Iran in the last fiscal year (March 2018-19).

The average goods and services Consumer Price Index in the 12-month period ending Aug. 22 increased by 42.2% compared with last year’s corresponding period, the Statistical Center of Iran's…

Donya-e-Eqtesad Media Group, the parent company of Financial Tribune, will formally unveil its web television named “EcoIran” on Monday in the presence of policymakers, economists and private…

Iranian steelmakers produced a total of 15.61 million tons of steel products during the first four months of the current Iranian year (March 21-July 22) to register an 8% year-on-year increase,…

A total of 177,150 tons of commodities worth 3 trillion rials ($25.86 million) were exported from Iran's western Hamedan Province during the first three months of the current Iranian year (March…

Iran is set to operate a 144-meter cruise ship “Grand Ferry” connecting the port of Bushehr to Hamad Port, Qatar’s main seaport, located south of Doha. The vessel is expected to embark on its…

Iran’s trade with Turkey totaled $3.89 billion during the first six months of 2019 to register a decrease of 23.94% compared to the corresponding period of 2018, data released by Turkish…