The first Airbus A321 Iran purchased post sanctions performed its first domestic flight from Tehran to Mashhad. With 200 passengers on board, the airliner landed in Mashhad on Tuesday at 10:20 p.m…
Domestic Economy
Iran Airports Company has signed a multilateral memorandum of understanding with German companies for expansion of Iranian airports.
The agreement was signed with Munich Airports, Frankfurt…
The government has earmarked 18.5 trillion rials (over $462 million at market exchange rate) to complete a set of ongoing rail projects, the Construction and Development of Transportation…
A year ago, Iran opened to international business after almost a decade of economic isolation, following the lifting of nuclear-related sanctions.
Workplace accidents claim the lives of 1,500 people on a yearly basis, deputy roads and urban development minister, Hamed Mazaherian, said. “About 60% of worker deaths are attributed to accidents…
Between 25% and 30% of Iran’s agricultural machinery have been renewed or renovated since the beginning of Hassan Rouhani’s presidency in August 2013, according to an official with the Ministry of…
Deputy Roads and Urban Development Minister Amir Amini said Iran’s freeways will stretch out to more than 7,000 km by the end of the sixth five-year development plan (2016-21). According to Amini…
A groundbreaking ceremony for Caspian Pharmed, an Azerbaijan-Iran pharmaceutical plant, was held in Pirallahi Industrial Park in Baku on Monday.
Azerbaijani Minister of Economy Shahin…
The performance of Iran’s seven free economic zones, namely Kish, Qeshm, Chabahar, Aras, Anzali, Arvand and Maku, has recently gone under the magnifying glass.
Both the Iranian Parliament…
Iran’s logistics sector has thrived since the nuclear deal.
Transportation costs have reduced to a third, following the lifting of sanctions imposed on Iran’s economy for years over its…
Heading a 20-member delegation, Chairman of Antalya Chamber of Commerce and Industry Davut Cetin held a meeting on Sunday with Secretary-General of Tehran Chamber of Commerce, Industries, Mines…
The parliament voted on Sunday to double the budget allocated to Iran’s state-owned media corporation, the Islamic Republic of Iran Broadcasting.
The decision was made as part of the…
A 12-member business delegation from Germany is planning to visit Iran on February 5-8 to seek cooperation opportunities, the management consultant and organizer of the business trip said.
Iran Air CEO Farhad Parvaresh said the carrier’s newly purchased Airbus A321 will be used on international routes within two months.
“Iran Air is planning to fly the plane to domestic…
Members of the Iranian Parliament approved on Saturday cigarette and tobacco tax rates, as part of the sixth five-year development plan (2016-21). Based on the new law, the tax rate on locally-…
Pakistan and Iran have agreed to boost mutual cooperation in air aviation and transportation by establishing direct flights.
The issue was raised in a meeting between Iran’s Ambassador to…
Over the past two decades, Airbus and Boeing have traded the crown in the annual orders race and it was usually clear who had bragging rights in the fiercely competitive $120 billion annual jet…
British Airways owes more than $13 million to Iran Airports Company, according to Iran’s Ministry of Roads and Urban Development.
Foreign investment in Iran has more than tripled in the current Iranian year (started March 20, 2016) compared to the years before the removal of nuclear sanctions, with the investments shifting…
The parliament has tasked the government with increasing the share of cooperatives in gross domestic product to 25% by the end of the sixth 5-year economic development plan (2016-21).
A groundbreaking ceremony for launching a joint pharmaceutical plant between Iran and Azerbaijan will be held on January 16. Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei…
Close to 4.33 million tons of agro products worth nearly $4.13 billion were exported from Iran during the nine months to December 20, registering a 5.3% increase in value, the deputy agriculture…
Tehran Stock Exchange’s main index shed 368 points or 0.5% during the week that ended January 11 to end at 78,622.
IFX, the over-the-counter Iran Fara Bourse’s benchmark, lost 14.7 points…
Close to 2 million tons of wastes were recycled in Iran in the last fiscal year (March 2015-16) to produce nearly 1.3 million tons of polymers and plastic products, the head of Iran Recycling…
An Airbus A321 airliner landed in Tehran’s Mehrabad Airport on Thursday 14:46 p.m. A ceremony was held to mark the first jet Iran received as part of a total of 200 planes the country has ordered…
