Domestic Economy

The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more…

The Islamic Republic of Iran Customs Administration now allows local producers to clear up to 70% of their imports of raw materials and industrial machinery before going through customs…

Track laying of Qazvin-Rasht Railroad will be completed within a month and the rail route will be ready to come on stream by the end of the current Iranian fiscal year on March 20, 2019.

In a water-stressed country like Iran generating electricity via thermal power plants which consume massive amounts of water cannot be a viable option anymore.

The Fourth Transit-Oriented Development Conference is scheduled to take place in Tehran on Jan. 16, 2019. 

The event will bring together officials, academicians, engineers, experts…

The chambers of commerce of Iran and Iraq surveyed ways of expanding bilateral trade and banking cooperation.

High-level trade representatives of Iran and the UK met on Monday in Tehran and reiterated their commitment to boost bilateral ties in the face of returning US sanctions.

The consumer price index of all 12 groups of goods and services increased in the Iranian month of Shahrivar (Aug. 23-Sept. 22), the Statistical Center of Iran reported. 

Yet, the…

The consumer price index increased from 116.2 to 134.6 or around 16% during the summer (June 22-Sept. 22). 

According to data provided by the Statistical Center of Iran, the second…

Iran traded 343,170 tons of non-oil commodities worth $408.18 million with Japan during the first five months of the current fiscal year (March 21-Aug. 22).

This registers a 42.34% and…

The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70…

Iranian Ministry of Industries, Mining and Trade has released a list of essential goods that are not subject to the 4% upfront payment of import duties, given the current economic situation of…

The 12th International Iran Plast Exhibition opened at Tehran's International Fairground on Monday. 

The Central Bank of Iran issued 20 permits as of Saturday for banks and credit institutions to hold their annual general meetings for the previous financial year that ended in March. 

Out of 3.2 million unemployed people in the fiscal 2017-18, about 1.8 million or more than 56% experienced frictional unemployment (those who were not working because they were in between jobs…

Despite autumn dryness, crop conditions recovered in Iran and the total cereal production for 2018 is forecast to stand at 20.1 million tons to register a 2.9% increase compared with the 2017…

Iran’s box-office revenues exceeded 610 billion rials ($5.19 million) this summer, thanks to a strong offering of a comedy: Centipede.

Twenty-two movies were screened through the…

The gravest problem facing privatization in Iran is the volatile foreign currency market, the head of Iranian Privatization Organization said. 

The export price index (using the year ending March 2012 as a base year using rial) stood at 226.2 for the first quarter of the current fiscal year (March 21-June 21).

This marks an 18.1…

The goods and services Consumer Price Index for the month ending Sept. 22, which marks the end of the Iranian month of Shahrivar, registered a year-on-year increase of 25.7% compared with the…

Iran traded 389,963 tons of non-oil commodities worth $594.82 million with Italy during the first five months of the current fiscal year (March 21-Aug. 22), registering a 32.03% growth in…

Iraqi officials, struggling to form a new government months after the May parliamentary elections, now have an even more pressing concern: persuading the Trump administration to waive sanctions…

Iran exported 569,974 tons of watermelon worth $106.42 million during the first five months of the current fiscal year (March 21-Aug. 22), latest data released by the Islamic Republic of Iran…

Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar…

Iran traded 839,348 tons of non-oil commodities worth $355.73 million with Indonesia during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 12.96% and 32.92%…