Domestic Economy

The outstanding debts owed to pharmaceutical companies by insurance firms have tipped this sector into recession, the chairman of Majlis Health Commission said.

The recent Household Expenditure Survey by the Central Bank of Iran shows food and beverages had a 23% share in the Iranian households’ expenditures in the last fiscal year (ended March 20, 2017…

The maritime fleet of the Islamic Republic of Iran Shipping Lines handles half of the cargo container throughput in the country, said the director general of Container Transportation Company—an…

Germany was the main destination of Iran’s pistachio, as it imported 3,063 tons of pistachio worth $40 million from Iran, in the first five months of the current fiscal year (started March 21…

There is no option but to go ahead with Health Reform Plan since its popularity rate among Iranian people hovers around 85% and the country’s top officials won’t allow its revocation, a deputy…

Iran’s largest copper producer realized 44% of its annual sales value target during the first half of the current fiscal year (March 21-Sept. 22), data released by National Iranian Copper…

Iranian economist Farrokh Qobadi said foreign direct investment tends to have more advantages over finance deals.

Iran has attracted more and more foreign investment and signed billions…

Tehran Chamber of Commerce, Industries, Mines and Agriculture opened a new office in London on Monday morning in a ceremony attended by the chamber’s chief, Masoud Khansari, and Chairman of the…

The government has allocated $2 billion in loans from the National Development Fund of Iran to exporters, the minister of economic affairs and finance said on Tuesday. Masoud Karbasian added…

Iran’s non-oil foreign trade during the first half of the current Iranian year (started March 21) stood at $44.13 billion, indicating a 6% rise compared with last year's corresponding period.

Salaries of government employees will increase by 10% with an average inflation rate of below, but close to, 9% forecast for the next fiscal year (March 2018-19), the government…

Iran exported $9.9 billion worth of non-oil goods to its 15 neighboring countries during the first half of the current Iranian year (March 21-Sept. 22), marking an 8% drop compared with the same…

The average Producer Price Index in the 12 months ending Sept. 22, which marks the end of the sixth Iranian month (Shahrivar), increased by 8.2% compared with last year’s corresponding period,…

Iran’s annual butter consumption currently stands at 45,000-50,000 tons, Reza Bakeri, secretary of Iran’s Dairy Industries Society, announced.

Iran exported close to 24,000 tons of ice-cream worth nearly 3.4 trillion rials ($104 million) during the five months to August 22, based on data released by the Islamic Republic of Iran Customs…

More than 560 tons of liquid nutrition supplements worth close to 75.44 billion rials ($2.33 million) were imported into Iran during the five months to Aug. 22, figures released by the Islamic…

President Hassan Rouhani appointed his deputy for economic affairs, Mohammad Nahavandian, and his special aide for economic affairs, Masoud Nili, as new members of the Money and Credit Council…

Considering Iran’s special conditions after it opened its doors to international business, it is vital for the country to make major improvements in its business atmosphere and strategy.

Iran’s Civil Aviation Technology College has been granted Maintenance Training Organization Part 147 Approvals by the European Aviation Safety Agency.

The ministries of defense, health and education as well as the Civil Servants Pension Organization consume the lion’s share of the government’s budget, the head of Planning and Budget…

China will send six more cargo trains to Iran through the Kazakhstan-Turkmenistan route by the end of 2017.

The Indonesian and Iranian governments discussed tariff reduction in the fourth round of the preferential trade agreement negotiations to expand market access for Indonesian products.

It is estimated that 25,000 tons of shrimps will be farmed in Iran during the current Iranian year (started March 21), which would register a 13.6% rise compared with last year’s production,…

The Central Bank of Iran’s recent publication included the Household Expenditure Survey for the fiscal 2016-17.

The annual survey is undertaken by CBI’s Department of Statistics by…

Iran Air is to launch a new subsidiary airline to regional countries under the title “IranAir Regional”, said the company’s chief executive officer.

According to Farzaneh Sharafbafi,…