Minister of Roads and Urban Development Abbas Akhoundi said the under-construction railroad connection between Qazvin and Rasht will be completed and come on stream by the end of summer.
…Domestic Economy
Iran’s non-oil foreign trade during the first month of the current Iranian year (started March 21, 2017) stood at $5.07 billion.
According to the latest report by the Islamic Republic of…
More than 5.81 million tons of agricultural products worth close to $5.69 billion were exported from Iran in the last fiscal year that ended on March 20, registering a 21.8% and 3.6% growth in…
Iran will hold a presidential election in less than three weeks. The six candidates approved on April 20 by the country’s Guardians Council will likely center their campaigns on what matters most…
The average annual income of Iranian households in urban areas stood at 278.87 million rials (about $7,411 at current exchange rate) and their expenses at 264.4 million rials ($6,973) in the…
About 617 tons of ice-cream sticks worth $993,000 were imported into Iran in the last fiscal year to March 2017, registering a 66.5% and 77.5% decline in weight and value respectively compared to…
Iran Air’s new Airbus A330 performed its first international flight on Wednesday.
The aircraft departed from Tehran’s Imam Khomeini International Airport at 8:02 a.m. and landed at…
Iran’s trade with China has seen a 70% growth under the current Iranian government compared to the previous one, rising from $45 billion during the four years in office of former president Mahmoud…
The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said…
Some 76,500 tons of rice worth $52.9 million were imported by the Government Trading Corporation of Iran during the 11 months to February 18, indicating a 23.3% and 24.4% decline in tonnage and…
Boeing is making “steady progress” to complete the terms of an 80-jetliner sale to Iran Air and expects to deliver the initial planes next year, the first US aircraft exports to Iran since the…
Parliament Speaker Ali Larijani believes the government of President Hassan Rouhani has made tangible efforts to salvage closed factories.
“The revival of abandoned factories is the country…
The overall index of Tehran Stock Exchange closed at 77,230 at the end of the last Iranian year (ended March 20, 2017), showing a 2,900-point drop from the last day of fall (Dec. 20, 2016).
The government has decided to appoint Farhad Parvaresh, CEO of the flag carrier Iran Air, as Iran’s new permanent representative to the International Civil Aviation Organization, according to…
President Hassan Rouhani on Tuesday officially launched the production line of Peugeot 2008 and the locally designed IKCO Dena+. Peugeot 2008 is the first car to be produced through the joint…
Achieving sustainable growth is the biggest challenge facing the Iranian economy, an economist said.
“There is a serious concern about preserving the economic growth achieved in 1395 (the…
Exports from Arvand Free Trade Zone in southwest Iran hit $1.2 billion in the last Iranian year (March 2016-17).
Close to 540 billion rials ($14.3 million) worth of investments have been made in Nowshahr Port in the northern province of Mazandaran since President Hassan Rouhani took office in August 2013,…
Iran was Iraq’s third biggest trading partner in 2016 after China and Turkey, the Iraqi commercial attache to Iran said.
“At present, we are trying to ease investment regulations and offer…
Azerbaijani President Ilham Aliyev’s official visit to Iran in early March 2017—his third in three years—was scheduled to include the trial run of a section of a new railroad along the Iran-…
President Hassan Rouhani said as many as 100,000 jobs have been created in cyberspace in recent years. “Residents in rural areas export their handicrafts online and many tourists learn about…
Changes in Iranians' purchasing power have been assessed between the fiscal March 2009-10 and March 2013-14, the first and final year of former president, Mahmoud Ahmadinejad's term in office, as…
Wary of US President Donald Trump’s tough talk on Iran, the European Union is courting Tehran to signal its commitment to a nuclear deal and holding out the promise of its economic payoff ahead of…
Smuggling has had a downtrend since Hassan Rouhani took office as Iran’s president in August 2013.
About 80,000 tons of tea are brought into Iran every year, 30,000 tons of which are contraband, the head of Iran Tea Organization said.
