Iranian families living in urban areas spent an average of 234.865 million rials ($7,831 at official exchange rate) over the past Iranian year (ended March 20, 2015).
The figure registers a…
Domestic Economy
Inflation has ravaged Iran’s economy for as long as memory can go. With a centrally managed economy, the government’s fiscal policies have taken center stage and in the absence of an independent…
Deputy President of South Africa Cyril Ramaphosa is due to arrive in Tehran on Saturday at the head of a 160-member trade delegation, announced deputy foreign minister for Arab and African affairs…
The goods and services Consumer Price Index for rural areas in the 12-month period ending October 22, which marks the end of the Iranian month of Mehr, increased 12.7% compared with last year’s…
Authorities have shut down a counterfeit KFC fast food restaurant in Tehran. “No license has been issued for KFC or McDonalds, as the two US brands have not declared any intention for starting…
More than 170,000 tons of wood valued at $86.7 million were imported in the first six months of the current Iranian year (March 21-September 22), showing an increase of 25% in volume and 13.7% in…
During the past many months, much has been said by Iranian officials about the necessity of attracting foreign direct investment in the post-sanctions era.
President Hassan Rouhani…
Iran does not seek to import German consumer goods, but is interested in joint production with the European country, said managing director of Germany-Iran Chamber of Industries and Commerce.
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Considering the complexity and importance of the current situation for the steel and iron ore industry, there needs to be an exchange of thoughts among industrial players, international experts…
Iran’s non-oil foreign trade during the first seven months of the current Iranian year (started March 21) stood at about $48 billion, according to the latest report by the Islamic Republic of Iran…
The responsibility of forging an open economy in the post-sanctions era rests largely on the shoulders of Iranian ambassadors and heads of Iran’s diplomatic missions, said First Vice President Es’…
Isfahan Province hosted as many as 25 foreign economic delegations in the first half of the current Iranian year (started March 21), says head of Isfahan’s Chamber of Commerce, Industries, Mines…
The falling global commodity prices may be relatively unimportant to consumer nations, much as they have stoked concern in commodity producing ones.
While the World Bank predicts stable, if…
The government is firm on providing the means for the economic development of Sistan-Baluchestan by establishing a free trade zone in the southeastern province, said an official with the High…
Iran and Lithuania can cooperate in the agricultural sector and establish profitable trade ties, said Lithuanian Minister of Agriculture Virginija Baltraitiene, who headed a 12-strong trade…
Close to $29 million worth of medical equipment were exported mainly to Syria, Iraq, Germany, Belarus and the UAE in the last Iranian year (ended March 20, 2015), says Mahmoud Bazari, an official…
Iran’s economic output grew 1% in the first half of the current fiscal year (started March 21), preliminary data released on Monday by the Statistical Center of Iran showed, as growth in…
A French container ship has berthed at Iran’s Bushehr Port for the first time since the conclusion of the historic nuclear deal on July 14, the general manager of Bushehr Ports and Maritime…
About 645,000 tons of dairy products were exported to Persian Gulf littoral states, Afghanistan, Iraq and Turkmenistan in the last Iranian year (ended March 20, 2015), says deputy minister of…
Pomegranate production and exports are expected to increase in the current Iranian year (started March 21), says Abolqasem Hassanpour, an official at the Agricultural Jihad Ministry. “It is…
The rise of IS militants in Iraq has created unexpected opportunities in Khuzestan, the Iranian province hardest hit by the 1980-88 Iraq-imposed war. It borders the oil-rich Iraqi…
Thailand’s Deputy Prime Minister Somkid Jatusripitak will lead a delegation to Iran in December.
The delegation, which is expected to include 50 Thai companies, aims to promote trade and…
In Iran’s new economic era, the private sector will play a bigger role and cooperation with powerful countries will be of high priority, but it is difficult to work with the UK, in view of its…
Mazandaran’s Amirabad Port and Special Economic Zone will host the 7th Conference of the Port Directors of Caspian Sea Littoral States during November 16-17.
About 4.5 million tons of potatoes are expected to be produced by the end of the current crop year, indicating almost no change compared to last year, says head of the National Potato Association…
