Domestic Economy

Iran exported 12,600 tons of tea to 34 countries since the beginning of the current Iranian year (March 21, 2018).  Based on the H1 tea export prices, this amount of export is estimated to…

Latest World Bank projections show Iran's gross domestic product will continue to contract in 2019, before reversing gear in 2020. 

Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to set up a management assessment center for private sector entities. Many state-owned and private organizations still apply…

As per an agreement signed Tuesday between Tehran Municipality, Beijing Rail Transit Technology Equipment Group Co. (RTTE) and local Pars Wagon company in Markazi Province, 367 subway cars will…

IRICA has recently introduced an emergency plan to speed up the clearance of imports and reduce the pile-up of goods at customs and ports. The order issued by the Islamic Republic of Iran…

Close to 25,000 tons of soybeans worth $943 million were imported into Iran during the nine months to Dec. 21 to register a 13.5% and 22.6% growth in weight and value respectively compared with…

Iran-Pakistan Free Economic Zone at Mirjaveh, Sistan-Baluchestan Province, will be inaugurated soon, Iran's Consul General Mohammad Rafiei announced. Rafiei expressed Iran’s willingness to sell…

Iran's Foreign Minister Mohammad Javad Zarif is in India to attend the annual Raisina Dialogue organized by think-tank Observer Research Foundation and meet with top Indian officials, including…

Iran exported 5.53 million tons of goods from the country's land borders during the nine months to Dec. 21, which shows an 11% increase compared with the similar period of last year.

A total of 331 mineral production permits were issued during the first seven months of the current Iranian year (March 21-Oct. 22), registering a 21% fall compared with the similar period of…

The departure of former health minister, Hassan Qazizadeh Hashemi, from President Hassan Rouhani’s administration adds to the questions swirling over government’s finances and payments. …

Heavy expenses have prompted RAJA Rail Transportation Company to ground its high-speed trains as of Jan. 5, the CEO of the company said. Mohammad Rajabi also warned that suburban trains are…

Iran's Foreign Minister Mohammed Javad Zarif is expected to arrive in India after leaving Tehran on Monday afternoon, IRNA reported.  The top Iranian diplomat, who will be in India for the…

Iran traded 112,669 tons of non-oil commodities worth $141.2 million with Balkan countries during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 0.55% and 23.…

Iran’s Gini index was at 0.3981 in the last fiscal year (March 2017-18), indicating a 2.08% rise compared with the year before (March 2016-17), Fars News Agency cited a report by Plan and Budget…

High customs duties, non-sustainability and the small scale of businesses, export companies and holdings are the three main handicaps facing Iran's agricultural exports to Russia, the head of…

The Export Price Index in Iran stood at 938.7 for the eighth month of the current fiscal year (Oct. 23-Nov. 21, 2018), registering a 5.9% decrease compared with the preceding month, and a 240.2…

A total of 2,670 new cooperatives were registered during the first nine months of the current Iranian year (March 21-Dec. 22), which shows a 1.15% increase compared with the corresponding period…

Iran traded 46.16 million tons of non-oil commodities worth $25.03 billion with the member states of the Organization of Islamic Cooperation during the first eight months of the current fiscal…

Reaffirming a stance earlier adopted by top European officials, EU’s high representative for foreign affairs and security policy, Federica Mogherini, says the case of US sanctions against Iran…

Iran traded 2.28 million tons of non-oil commodities worth $2.68 billion with South Korea during the first nine months of the current fiscal year (March 21-Dec. 21). This marks a 73.26% and 54.…

Iran’s unemployment rate, the proportion of jobless population of ages 10 years and above, stood at 11.7% in the third quarter of the current Iranian year (Sept. 23-Oct. 22, 2018), indicating no…

Iran traded 15.77 million tons of non-oil commodities worth $8.19 billion with member states of Economic Cooperation Organization in the first nine months of the current fiscal year (March 21-…

About 248 tons of modems worth $14.7 million were imported into Iran from seven countries during the first half of the current Iranian year (March 21-Sept. 22), data released by the Islamic…

Iran traded 7.17 million tons of non-oil commodities worth $3.18 billion with India during the first eight months of the current fiscal year (March 21-Nov. 21) to register a 7.82% and 5.34%…