Iran Airports Company needs $250 million worth of “radar equipment and navigation systems”, the CEO of Iran Airports Company said.
“We’re planning to revamp all our airport equipment to…
Domestic Economy
Iran exports non-oil goods and services worth $200-300 million to Tajikistan every year, accounting for 80% of the Islamic Republic’s total exports to the member of the Commonwealth of Independent…
Iraq decided to close the Al-Shib border crossing with Iran for 10 days and form an investigation committee after disagreements erupted over the crossing’s revenues.
The decision was made…
Trade turnover between Iran and Turkey stood at $8.79 billion during the 11 months of 2016, according to the latest statistics released by the Turkish Statistical Institute. The figure indicates a…
The lion’s share of revenues earned from the removal of subsidies on fuel is spent on paying cash handouts to households, the government spokesman said.
Iran is home to 1,728 endemic medicinal plants, twice as many as all of Europe’s. This remarkable diversity made Iran one of the key traders of medicinal plants in the past.
The total length of Iran’s suburban rail network is 11,000 kilometers whereas the country needs 25,000 kilometers by 2025 as per the goals of the 20-Year Vision Plan (2005-25), said the chairman…
Sri Lankan officials are setting up a business delegation to send to Iran, as President Maithripala Sirisena is scheduled for a visit to Tehran later this month to expand relations with the…
A delegation of Indian rice producers headed by President of All-India Rice Exporters Association Mohinder Pal Jindal are scheduled to visit Tehran on January 27 to pave the way for increased rice…
About $8.5 billion in foreign direct investment have been made in Iran’s industrial sectors so far since Hassan Rouhani took office as Iran's president in August 2013, the minister of industries,…
The construction of Iran’s biggest rail bridge will be completed in a fortnight, a deputy minister of roads and urban development announced.
Kheirollah Khademi added that the project has…
Despite the opportunity for Iranian merchants and economic players to increase their exports and establish a foothold in the Russian market as a result of tensions between Moscow and the West in…
Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Turkish capital on Tuesday at the head of a delegation to discuss ways of boosting trade ties with the neighboring…
Some $19 billion worth of non-oil products were exported from Bushehr Province in the south of Iran during the nine months to December 20, which shows a 20% increase compared with the…
A new research initiative at Stanford is bringing together experts to create independent data-driven analysis on the current state of Iran’s economy and what its future could look like.
Iran and Azerbaijan are boosting trade and transportation ties, following the new agreements reached during a joint intergovernmental commission held in Baku and Nakhchivan last week.
The agriculture sector now accounts for 12% to 13% of Iran’s gross domestic product, up from 9% to 10% three years ago (when President Hassan Rouhani first took office in August 2013), according…
The preferential tariff agreement between Iran and Turkey has given rise to the export of cheap Chinese apparel from Turkey to Iran under the guise of Turkish brands, the head of Tehran Knitwear…
Iran produces 94% of all the saffron in the world, yet it accounts for only 60% of the global saffron trade.
“About 34% of the saffron cultivated in Iran are labeled and sold by other…
Value-added tax collection during the nine months to November 20 increased 35% compared with last year’s corresponding period, according to the deputy head of Iran National Tax Administration,…
President Hassan Rouhani is “very optimistic” about the future of Iran's economy, backing up his optimism by citing a set of statistics in a televised interview on Sunday evening.
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Irish farmers have called on their government to reopen the Irish Embassy in Iran, which was closed in 2011.
The Ministry of Industries, Mining and Trade issued 498 mineral exploration and 527 mineral production permits during the eight months to November 20. The figures show a 5.6% and 8.7% growth…
Close to 90% of the 40 bitumen mines in the city of Gilan-e Gharb in Kermanshah Province have gone out of business, a local official said. “Bitumen prices declined alongside oil and now stand at…
The National Iranian Productivity Organization has signed a memorandum of understanding with Korea Productivity Center to improve productivity through cooperation between Iranian and…
