Domestic Economy

Iran’s budget deficit came in wider than expected in the five months of the current fiscal year (March 21-Aug. 22) and reached 182.7 trillion rials ($4.56 billion), the latest data released by…

The World Bank, in its latest “Iran’s Economic Outlook” report, sees stronger growth in 2018-19 as investment growth turns positive and accelerates along with more political and economic…

The annual turnover of elevator industry in Iran stands at around 50 trillion rials ($1.25 billion), while it has the potential to rise to 200 trillion rials ($5 billion), the president of the…

Close to 31,620 tons of marble worth nearly 348.65 billion rials ($10.72 million) were exported from Iran during the five months to Aug. 22, based on data released by the Islamic Republic of…

With 7.3%, Markazi Province had the lowest unemployment rate in Iran during the first half of the current Iranian year (March 2017-18), an official with the central province’s Governor-General’s…

Miyaneh Steel Complex’s direct-reduced iron plant was inaugurated by First Vice President Esha’q Jahangiri on Saturday, Iranian Mines and Mining Industries and Development and Renovation…

Iran is interested in the import of Belarusian beef, Belarus’ Deputy Agriculture and Food Minister Igor Brylo said at the Fourth All-Belarusian Forum of Livestock Producers.

“We…

Iran Airports Company registered 42,648 takeoffs and landings during the Iranian month ending Sept. 22, showing a 5% rise compared with last year’s corresponding period.

About 5.6…

Iran’s import prices for hot-rolled coil cooled down over the week that ended on Oct. 11, in line with the downtrend in the major global markets.

Metal Bulletin’s price assessment for…

Korea Airports Corp., the operator of South Korean airports and supplier of airport equipment, said on Thursday it signed an agency contract with an Iranian company.

The airport operator…

Iran’s Minister of Economic Affairs and Finance Masoud Karbasian will visit Azerbaijan on Oct.

The first freight trains will operate on the Astara (Azerbaijan)-Astara (Iran) railroad section in late November 2017, the chairman of Azerbaijan Railways CJSC said.

The two eponymous…

More than 28,000 boxes of hybrid silkworm eggs were distributed among silk farmers, from which 850 tons of raw silk cocoons worth 200 billion rials ($5 million) were produced in the current…

The International Monetary Fund in its latest World Economic Outlook report has projected that Iran’s real GDP will expand by 3.5% and 3.8% in 2017 and 2018 respectively. In 2022, the IMF…

A decision by US President Donald Trump to back out of the Iranian nuclear agreement could derail billions of dollars in western investments heading toward Iran and trigger European economic…

The third batch of equipment for the development of the southeastern Iranian port of Chabahar worth more than €16 million was delivered on Wednesday. 

The batch includes two “…

The government has handed over 4,131 abandoned development projects to the private sector, the head of Planning and Budget Organization of Iran said.

Iran and Italy have signed an agreement based on which Italian professors will teach the science of rail transportation to Iranian students.

The agreement was signed by the Italian…

More than 79,000 tons of potatoes worth around $19.4 million were exported from Iran in the five months to Aug. 22, an official with the Ministry of Agriculture said.

A total of 3,259 tons of mu’assel were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), indicating a 34% decline compared with the similar period of last…

Major Iranian mining companies produced 169.17 million tons of mineral products during the first half of the current Iranian year (started March 21), registering an 8.45% growth compared with…

Iran exported more than $3 billion worth of commodities to the neighboring Iraq during the six months to Sept. 22, Hamid Hosseini, secretary-general of Iran-Iraq Chamber of Commerce, said.

Iran’s villages are being deserted by their inhabitants slowly but steadily.

Close to 4.86 million tons of goods were transited through 32 active land and sea border crossings across the country during the six months to Sept. 22, registering a 27% increase compared with…

Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug. 22, data released by the Islamic…