Domestic Economy

A Danish delegation, including representatives of the country’s aviation companies, arrived in Tehran on Monday for a three-day visit. Ramboll, Copenhagen Airports CPH, ege, TKH Group, power stow…

President Hassan Rouhani criticized the parliament for tying the government’s hands on access to Iran’s sovereign wealth fund amid the financial crunch caused by lower oil revenues.

“We…

Some 4,000 kilometers of railroads are under construction in Iran, according to the deputy for construction and development at the Islamic Republic of Iran Railways.

People who did not find time to visit Iran’s solo trade exhibition, which began at the Expo Center in Karachi on Friday, rushed to the venue on Sunday.

In fact, they were so keen to visit…

Ministry of Roads and Urban Development has signed 13 contracts worth $12 billion since March 2015 with investors from the Iranian private sector and foreign companies for investment in air, road…

Packaging introduces the product and protects it from the time it is produced until it’s sold.

Unfortunately, the issue has been neglected in Iran such that domestic products’ packaging can…

The government pays 60 trillion rials ($1.58 billion) in wheat subsidies annually.

It paid 12,705 rials (around 34 cents) to local farmers for each kilogram of common wheat and 13,068 rials…

Iran imported 72,000 tons of tires worth $244 million this year (March 2016-17), registering a 9% decrease in terms of weight compared to last year, the chairman of Tire Industry Association of…

Isfahan Province exported 2.6 million tons of goods worth around $1.1 billion during the 11 months of the current Iranian year (started March 20, 2016), Isfahan Customs Administration’s Director…

The Iranian Parliament on Sunday passed Iran’s general budget for the upcoming new year (March 2017-18).  The lawmakers put the figure at 3.98 quadrillion rials ($104.6 billion).

The…

The government has purchased around 20,000 tons of oranges from Egypt, which will enter the country in the coming days, Deputy Agriculture Minister Ali Akbar Mehrfard said on Saturday. Stressing…

Iran’s non-oil trade during the 11 months of the current Iranian year (started March 20, 2016) amounted to $76.9 billion, indicating a 1.8% increase compared with the…

Rail networks of Iran and Afghanistan will be connected by March 2018 as part of the Khwaf-Herat route, according to an official with the Islamic Republic of Iran Railways.

Lawmakers in the Iranian Parliament approved on Saturday income tax exemption for civil servants who earn less than 20 million rials (about $530) a month. The decision was part of the parliament’s…

Russian Deputy Prime Minister Igor Shuvalov visited Iran last week to discuss a trade agreement between Moscow and Tehran.

During talks with Iranian Minister of Communications and…

CRRC Changchun Railway Vehicles Company will supply 100 subway cars for Metro Line 2 in Mashhad, the second-biggest city in Iran in May, the company told China Daily on Thursday.

The Central Bank of Iran reported an average inflation rate of 8.73% for the 12 months to February 18 (the end of the Iranian month of Bahman), indicating the first major rise since June 2015.…

Iran exported 10 million tons of cargo by rail during the 11 months to February 18, 2017, registering a 55% upsurge compared with last year’s corresponding period, the director of Transit…

The government granted loans worth 156.8 trillion rials ($4.1 billion) to 22,893 small- and medium-sized enterprises in the 11 months to February 18, 2017.

Close to $7 billion worth of foreign apparel and shoes are bought in Iran every year, about $3 billion to $4 billion (almost 50%) of which are contraband, the chairman of the Association of Iran…

The average goods and services Consumer Price Index for urban areas in the 12 months ending February 18, which marks the end of the Iranian month of Bahman, reached 8.7% compared with last year’s…

Azerbaijan’s Minister of Economy Shahin Mustafayev entered Ardebil Province in northwest Iran on Wednesday to take part in a business forum.

Heading a 50-member economic delegation, the…

The budget for the upcoming Iranian year (starting March 20, 2017) stipulates that the government will earn 1.13 quadrillion rials ($29.89 billion) from taxation–21% more than what is expected…

New Zealand’s Primary Industries Minister departed for Iran on Friday on a trip to build closer trading relationships.

Iran has confirmed plans to purchase 12 Superjet-100 Russian aircraft in the near future.

Russian Energy Minister Alexander Novak made the announcement in an interview with Rossiya 24 TV…