Domestic Economy

Around 7.2 million tons of non-oil commodities worth $3.4 billion were exported from the southern Bushehr Province during the first four months of the current Iranian year (March 21-July 22),…

The Supreme Council of Economic Coordination has recently approved a bill that aims to improve the economic viability of development projects and attract private sector investments in the…

The average goods and services Consumer Price Index for urban areas in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 11.5% compared with last…

President Hassan Rouhani appointed former treasurer, Rahmatollah Akrami, as the caretaker of the Ministry of Economic Affairs and Finance following the impeachment of Masoud Karbasian on August…

A total of 1,735 tons of bicycle frames worth over $3.6 million were imported into Iran from three countries during the first four months of the current Iranian year (March 21-July 22),…

Iran exported 86,142 tons of potatoes worth $26.68 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran…

Import tariff on cosmetics will now rise by 10% to reach 26%, as per the new directive notified to the Islamic Republic of Iran Customs Administration by Ali Maqouli, the director of Center for…

The Statistical Center of Iran has released its latest report on inflation rates for each of the 10 deciles, in which Iranian households are categorized on the basis of their income.

Iran traded 530,432 tons of non-oil commodities worth $104.43 million with Qatar during the first four months of the current fiscal year (March 21-July 22), registering a 9.24% decline in…

Iran traded 326,942 tons of non-oil commodities worth $846.90 million with Germany during the first four months of the current fiscal year (March 21-July 22). This indicates a 48.33% increase in…

Iran’s northeastern city of Mashhad is hosting a three-day exhibition on food industry and related machinery. A total of 117 companies and manufacturers from Iran and around the world, including…

A total of 564,971 tons of commodities worth $192.67 million were exported from Sistan-Baluchestan Province in southeast Iran during the first four months of the current fiscal year (March 21-…

Parliament voted on Sunday to remove the economy minister ramping up pressure on the embattled president who has come under mounting criticism over his handling of the economy in the face of new…

The government has bought more than 9.2 million tons of wheat from local farmers in 31 Iranian provinces in the current fiscal year (started March 21), which indicates a 5% increase compared…

Iran earned $281 million from the export of handicrafts through the country’s official customs terminals and $250 million through suitcase trade during the last fiscal year (ended March 20, 2018…

Around 11,636 tons of solar panels worth more than $71.8 million were imported into Iran during the last Iranian year (March 2017-18), figures released by the Islamic Republic of Iran Customs…

Director General of Ports and Maritime Directorate of Bushehr Province Siavash Arjmandzadeh said Phase 1 of the construction project of Negin Island’s container terminal is now complete. …

Head of Iran Chamber of Guilds Ali Fazeli has been appointed as a new member of the Budgeting Committee by the head of Plan and Budget Organization, Mohammad Baqer Nobakht.  Developing the…

Newly released Statistical Center of Iran’s figures show the Consumer Price Index registered a remarkable growth in the Iranian month of Mordad (July 22-Aug. 22). 

Amid surging demand and limited local production in Iran for halal meat and as Mongolia pushes to make more money from the huge herds of livestock that roam its vast grasslands, the latter…

Iran exported 11,077 tons of raisins worth $12.77 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs…

A significant number of private owners and managers of financial, industrial and commercial firms are watching in dismay, as their businesses are falling apart at warp speed. 

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German engineering conglomerate Siemens has announced it is drastically scaling back its business operations in Iran. It’s yet another German company to cave in after the United States reimposed…

Iran and Armenia signed a memorandum of understanding last week on joint production of agricultural machinery, Iran’s commercial attaché to Armenia, Mohsen Rahimi, said.

The agreement…

US-sanctioned Iran is interested in doing business with Russia’s Crimea, according to authorities from the Russian region that is also facing sanctions from Washington and Brussels.

The…