Domestic Economy

Iran recorded a non-oil trade surplus of $1.94 billion in the eight months ending Nov. 21, the latest report by the Islamic Republic of Iran Customs Administration show. 

More than 4 million tons of agricultural and food products worth $3.72 billion were exported from Iran during the first seven months of the current Iranian year (March 21-Oct. 22) to register 23…

More than $253.65 million worth of commodities were exported from the southeastern Sistan-Baluchestan Province to Pakistan during the first seven months of the current Iranian year (March 21-Oct…

Iran’s iron ore pellet output reached 21.24 million tons over the seven months since the beginning of the current year (March 21), which indicates a 36% increase compared to the same period of…

An increase of 63.3% was registered in the Producer Price Index in the Iranian calendar month of Aban (Oct. 23-Nov. 21) compared with the similar month of last year, the latest report released…

The retail prices for tomato paste in the Iranian month Aban (ending Nov. 21) increased by 244.4% compared with the same period of last year.  A kilogram of tomato paste went for an…

Islamic Republic of Iran Railways’ negotiations with German officials to launch cargo trains between the two countries have been fruitful and the first train is expected to use this route next…

The Ports and Maritime Organization of Iran and the International Hydrographic Organization signed a memorandum of understanding to boost mutual cooperation on the final day of the 13th…

Hamedan Chamber of Commerce, Industries, Mines and Agriculture has signed two memorandums of understanding to improve cooperation and trade with commerce chambers of Baghdad and Karbala during a…

1. Central Bank of Iran Governor Abdolnasser Hemmati: The dollar will keep depreciating [against the rial]. (IRNA) 2. President Hassan Rouhani: Production, employment and inflation control are…

China’s Shanxi Taihang Mining Co. Ltd, known as CSTM, is now taking operational steps to apply the Iranian direct-reduction technology called PERED, or Persian Reduction, invented and patented…

The ban imposed on tomato paste exports has now been lifted until further notice, following a letter sent by the Minister of Industries, Mining and Trade Reza Rahmani to the Islamic Republic of…

An office has opened in Denmark to support Iranian workforce, an official with the Ministry of Cooperatives, Labor and Social Welfare said.  Mohammad Akbarnia added such centers are…

Iran Air Show, the country’s ninth annual aviation event, concluded on Kish Island on Thursday.  The four-day event was mostly focused on promoting domestic capabilities after the…

The 13th International Conference of International Cooperative Alliance Asia-Pacific Regional Assembly concluded in Tehran on Friday. 

Russian President Vladimir Putin signed a bill ratifying a temporary agreement on the formation of a free trade zone between the Eurasian Economic Union and Iran on Wednesday.

The Producer Price Index in the year ending Sept. 22, 2018, which marks the end of summer, increased by 24.2% compared with the same period of last year, latest data released by the Statistical…

The First Joint Conference on Korea-Iran Business Opportunities was held at the Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Tuesday. 

The 13th International Conference on Coasts, Ports and Marine Structures (aka 'ICOPMAS 2018') concluded in Tehran on Wednesday.  Mohammad Rastad, the head of Ports and Maritime…

Russia's State Duma recently endorsed an agreement for the establishment of a free trade zone between Iran and the Eurasian Economic Union. In a November 15 open session, a majority of State…

The share of oil in gross domestic product, budget and its contribution to export revenues is measured to determine a country's reliance on oil income, according to a report by Tehran Chamber of…

Iranian miners paid 3.38 trillion rials ($27 million) in mining royalties to the government during the first half of the current fiscal year (March 21-Sept. 22), which indicates an 18.7%…

More than $1.9 billion worth of non-oil commodities were exported from the western Kermanshah Province during the first seven months of the current Iranian year (March 21-Oct. 22) to register a…

Iran exported 858,541 tons of non-oil products worth $160 million to Qatar during the first seven months of the current Iranian year (March 21-Oct. 22). This showed an 11.23% decrease and a 44…

Iran has recently launched the construction of a railroad in Kerman Province.  The project will link the two cities of Bam and Jiroft, both located in the same province. Work is underway…