Out of the seven prioritized rail projects in the current Iranian year (started March 21, 2017), one has been completed and six others are under construction and estimated to become operational…
Domestic Economy
Heading a nine-member delegation of representatives of private companies, Minister of Roads and Urban Development Abbas Akhoundi is scheduled to visit India on Wednesday.
Akhoundi plans…
Majlis Joint Commission has okayed the government-proposed threefold rise in departure tax for the next fiscal year’s (March 2018-19) budget bill from current year’s 750,000 rials ($17) to 2.2…
As per the budget law for the current fiscal (March 2017-18), the government should provide Road Maintenance and Transportation Organization, affiliated with the Ministry of Roads and Urban…
More than $87 million worth of goods were exported from the northeastern Khorasan Razavi Province during the first nine months of the current Iranian fiscal year (started March 21, 2017),…
The Eighth International Architecture, Modern House, Interior Design and Lighting Exhibition, also known as MIDEX 2018, is scheduled to be held from Jan. 11 to 14 at Tehran’s International…
Iran and the Eurasian Economic Union are about to unveil a preferential trade agreement, hoping that the agreement would help traders overcome the ongoing hurdles and compensate for the recent…
A total of 2.673 million tons of different kinds of meat were produced in Iran in 2017, registering a 0.8% increase compared with the year before.
The production of olive oil is estimated to reach 3,000-3,500 tons in Iran by the end of the current fiscal year (March 20), registering a 33% decline compared with last year’s, the head of the…
Egg prices decreased by 14.3% and reached 126,000-180,000 rials ($2.8-4.1 based on Monday’s exchange rates) during the week to January 5 compared with the previous week, the Central Bank of Iran…
Iran’s non-oil trade deficit stood at $5.93 billion for the first nine months of the current fiscal year (started March 21, 2017), while last year’s similar period saw a trade surplus of $658…
A delegation from the Ministry of Agriculture is due to visit India on Jan. 16 to hold talks with Indian officials for lowering tariffs on Iranian agricultural products, the chairman of the…
The third, fourth and fifth cargo trains from China to Iran are due to arrive in Tehran by the end of this week, the deputy head of the Islamic Republic of Iran Railways, Mostafa Davoudi, told…
Iran Aseman Airlines' contract with Boeing to purchase 30+30 B737 Max jets has experienced no hurdle so far, the managing director of Atiyeh Saba Investment Company, affiliated with Iran’s Civil…
Tehran will host a conference on development of Makran, a stretch of coast southeast of Iran emerging as a major naval base and commercial hub of maritime trade, the Iranian defense minister…
Deputy Minister of Roads and Urban Development Hamed Mazaherian said an investment of 1,230 trillion rials ($28.6 billion) is needed to renew old urban areas across the country. Noting that as…
The Majlis Joint Commission has set the ceiling for revenues from the Subsidy Reform Plan at 370 trillion rials ($8.6 billion) for the next fiscal year (March 2018-19), out of which 230 trillion…
The research arm of the parliament has forecasted a 4.1% economic growth for the current fiscal year (March 2017-18) compared with last year’s 12.5%. Majlis Research Center expects the…
The government is counting on earning 1,287 trillion rials (about $30 billion) in tax revenues in the next fiscal year (March 2018-19) as per the budget bill submitted to parliament back in…
With around 1.3 million tons of barley purchases, Iran was ranked the third biggest importer of the product in 2017.
Tasnim News Agency reported the above, citing figures released by the…
Buying activity in Iran’s hot- and cold-rolled coil import market was sluggish in the week ending Jan. 3.
Sources told Metal Bulletin this was largely due to national holidays affecting…
The import of eggs should continue for six months to create market balance and prevent a further rise in prices, the chairman of Agriculture Commission of Iran Chamber of Commerce, Industries,…
Business ties between Germany and Iran have been growing, and that’s likely to continue.
Germany’s exports to Iran rose to €3.5 billion in 2017 from 2.6 billion in 2016, according to the…
Non-oil exports accounted for 53% of Iran’s total exports ($31.6 billion) over the nine months to Dec. 21, director general of Commercial Services Expansion Office with the Trade Promotion…
Iran’s Exclusive Commercial and Industrial Exhibition is scheduled to be held in Baghdad’s International Exhibition Center from Feb. 12 to 15, Iran’s commercial attaché to Iraq announced…
