Domestic Economy

The interest of Turkish investors in Iran, whose economy is suffering from US sanctions, is growing. Having already attracted Turkish investments in various manufacturing subsectors, the…

The western province of Lorestan ranks first in the number of outbound migrants in Iran, with as many as 12,000 people leaving the province every year.

A total of 7.1 million tons of direct-reduced iron were produced in Iran during the first three fiscal months (March 21-June 21) to register a 13% growth compared with the corresponding period…

Iran traded 282,851 tons of non-oil commodities worth over $320 million with members of the Group of Seven during the first Iranian month (March 21-April 20), registering a 23.83% and 29.39%…

The Iraqi capital city, Baghdad, is hosting a joint meeting of Economic Cooperation Commission with Iran. The two-day session opened on Sunday and will conclude on Monday.

Two strategic radar projects for Tehran’s sky, namely Monopulse Secondary Surveillance Radar and Primary Surveillance Radar, became operational in a ceremony on Sunday, at a radar site called "…

A total of 1,618 tons of pistachio worth $14.68 million were exported from Iran during the first month of the current Iranian year (March 21-April 20), the Islamic Republic of Iran Customs…

The Iranian economy generated 321,000 jobs in the first quarter of the current Iranian year (March 21-June 21), indicating a 0.1% growth compared with the same period of last year, the…

Iran has been declared purged of any type of avian flu by Iran Veterinary Organization, citing the official confirmation of the World Organization for Animal Health (OIE). 

Iran plans to localize the production of imported parts and equipment worth $10 billion by the end of next fiscal year (March 2021), says Minister of Industries, Mining and Trade Reza Rahmani.…

Iran traded 76,689 tons of non-oil goods worth $33.23 million with Austria during the first Iranian month (March 21-April 20) to register a 381.28% and 124.12% growth in tonnage and value…

All ministries, governmental organizations and agencies are required to consult Iran Chamber of Commerce, Industries, Mines and Agriculture as well as Iran Chamber of Cooperatives and other non-…

Bank Maskan, the state-run agent bank of housing sector, granted a total of 102,295 loans worth 43,080 billion rials ($362 million) during the first quarter of the current fiscal year (March 21-…

Iran traded 1.53 million tons of non-oil commodities worth $982.74 million with the Next Eleven (N-11) countries during the first Iranian month (March 21-April 20) to register a 4.02% and 12.37…

Major Iranian copper producers reached an aggregate of 297,924 tons of copper concentrate during the first three Iranian months (March 21-June 21) to register a 5% fall compared with last year’s…

Tehran Chamber of Commerce, Industries, Mines and Agriculture has put forward three specific proposals for the government to carry out a structural overhaul of its budget. 

A total of 12.2 million tons of iron ore concentrate were produced in Iran during the first Iranian quarter (March 21-June 21), registering a 4% growth compared with the corresponding period of…

Trade between Iran and European Union member states during the first four months of 2019 stood at €1.61 billion to register a 76.46% plunge compared with last year’s corresponding period.

Iran's major aluminum producers' output stood at 62,146 tons during the first three months of the current Iranian year (March 21-June 21), which indicates a 32% decrease compared with last year'…

Major Iranian lead and zinc producers extracted 207,788 tons of ores during the first three Iranian months (March 21-June 21), which indicates a 46% fall in production compared with last year’s…

Major Iranian steelmakers exported a total of 1.62 million tons of steel during the first three Iranian months (March 21-June 21) to register a year-on-year decline of 12%, latest data released…

Iran was the largest fossil fuel subsidizer in 2018, according to the International Energy Agency's latest report. Having spent $69.2 billion on fossil energy consumption subsidies in 2018,…

Iran traded 145,768 tons worth $51.21 million of non-oil goods with Singapore in the first Iranian month (March 21-April 20) to register a 31.6% and 24.11% decline in tonnage and value…

Jajarm Aluminum Complex has become operational and added 40,000 tons to the capacity of Iran's annual aluminum ingot production. An inaugural ceremony was held at the complex on Sunday in the…

Iran traded 2.16 million tons of non-oil commodities worth $1.01 billion with Arab League member states during the first Iranian month (March 21-April 20) to register a 28.46% and 27.65% decline…